Moody's, Berkshire Up; Caterpillar, Toyota Drop

123jump.com Staff
27 Jan, 2010
New York City

Toyota plunged 7% after expanded the halt of eight model sales that included the U.S. and Canada. Berkshire Hathaway added to the S&P 500 index. Moody

[R]12:00 PM New York – Toyota plunged 7% after expanded the halt of eight model sales that included the U.S. and Canada. Berkshire Hathaway added to the S&P 500 index. Moody’s and S&P win court dismissal of lawsuit seeking damages from mortgage securities rating. Caterpillar guides lower.[/R]

Of the stocks in S&P 500 index, 234 increased, 258 declined and 8 were unchanged.

MeadWestvaco Corporation led the decliners in the S&P 500 index with a loss of 5.4% followed by losses in QLogic Corporation of 4.6% and in Caterpillar Inc of 4.2%, in United States Steel Corporation of 3.5% and in Janus Capital Group Inc of 3.3%.

Rockwell Automation, Inc led gainers in the S&P 500 index with a rise of 10.7% followed by gains in Moody’s Corporation 8.1%, in Altera Corporation of 7.0% and in Molex Incorporated 6.2%.

Other Movers

Altera Corporation ((ALTR)) added 5.4% or $1.16 to $22.35 after the chip maker said fourth quarter sales rose 16% to $365 million from $314.5 million a year ago. Net income in the quarter rose 24% to $103.0 million or 34 cents per diluted share compared to net income of $83.0 million or 28 cents per share a year ago.

Allegheny Technologies Incorporated ((ATI)) added 2% or 88 cents to $43.34 after the specialty metals producer reported fourth quarter sales fell 26.5% to $815.7 million from $1.11 billion a year ago. Net income in the quarter fell 66% to $37.8 million or 36 cents per diluted share compared to net income of $110.9 million or $1.15 per share a year ago.

Amazon.com, Inc ((AMZN)) added 2.5% or $3.07 to $122.55 after the online retailer was upgraded to “buy” from “hold” at Kaufman Brothers LP.

BlackRock, Inc ((BLK)) dropped 0.03% or 6 cents to $224.65 an investment management firm reported fourth quarter revenues rose 45% to $1.54 billion from $1.06 billion a year ago. Net income in the quarter rose 392.3% to $256 million or $1.62 per diluted share compared to net income of $52 million or 39 cents per share a year ago.

Berkshire Hathaway Inc ((BRK)) class B shares increased 4.5% to $71.10 after the stock was added to the S&P 500 index.

Boston Properties, Inc ((BXP)) advanced 0.75 or 49 cents to $65.21 after the real estate investment trust said fourth quarter revenues fell 3% to $377.9 million from $390.3 million a year ago. Net income in the quarter was $53.3 million or 38 cents per diluted share compared to net loss of $98.1 million or 81 cents per share a year ago.

Buckeye Technologies Inc ((BKI)) climbed 4.4% or 45 cents to $10.55 after the manufacturer of cellulose-based specialty products said second quarter sales fell 0.8% to $183.3 million from $184.7 million a year ago. Net income in the quarter was $46.3 million or $1.18 per diluted share compared to net loss of $125.0 million or $3.23 per share a year ago.

Callaway Golf Company ((ELY)) rose 0.6% or 5 cents to $8.03 after the maker of golf clubs and golf balls said fourth quarter sales rose 8.5% to $185.9 million from $171.3 million a year ago. Net loss in the quarter was $18.1 million or 29 cents per diluted share compared to net loss of $3.1 million or 5 cents per share a year ago.

Canadian National Railway Company ((CNI)) rose 0.05% or 2 cents to $52.26 after the railroad said fourth quarter sales fell 14.5% to $1.88 billion from $2.20 billion a year ago. Net income in the quarter rose 1.6% to $582 million or $1.23 per diluted share compared to net income of $573 million or $1.21 per share a year ago.

Caterpillar Inc ((CAT)) dropped 6.8% or $3.81 to $52.01 after it reported 65 cents a share in the fourth quarter and indicated lower than expected 2010 earnings.

DeVry Inc ((DV)) increased 6.9% or $3.89 to $60.06 after the for-profit college reported second quarter net income increased 69% to $72.5 million or $1.00 per share compared to $42.9 million or 59 cents diluted per share a year ago.

Gilead Sciences, Inc ((GILD)) rose 5.9% or $2.68 to $47.55 after the drugmaker reported fourth quarter total revenues rose 42% to $2.03 billion from $1.43 billion a year ago.

Infinera Corporation ((INFN)) rose 0.2% or 2 cents to $7.80 after the communications equipment maker said fourth quarter revenues fell 9% to $90.2 million from $99.3 million a year ago. Net loss in the quarter was $18.7 million or 19 cents per diluted share compared to net loss of $6.7 million or 7 cents per share a year ago.

Mercury Computer Systems, Inc ((MRCY)) gained 2.3% or 29 cents to $12.77 after the maker of computer systems and software said second quarter revenues rose 0.2% to $45.2 million from $45.1 million a year ago. Net income in the quarter was $2.5 million or 11 cents per diluted share compared to net loss of $17.1 million or 77 cents per share a year ago.

The McGraw-Hill Companies, Inc ((MHP)) gained 2.4% or 83 cents to $34.23 after the information services provider said fourth quarter revenues rose 3% to $1.46 billion from $1.42 billion a year ago. Net income in the quarter rose 44.3% to $167.3 million or 53 cents per diluted share compared to net income of $115.9 million or 37 cents per share a year ago.

Moody’s Corp ((MCO)) surged 7.3% or $1.95 to $28.58 after the credit rating agency and Standard & Poor won a court approval to dismiss a lawsuit seeking compensation for defrauding investors for $100 billion of mortgage linked securities.

National Instruments Corporation ((NATI)) rose 0.8% or 25 cents to $29.10 after the supplier of measurement and automation products said fourth quarter sales fell 0.2% to $201.6 million from $202.1 million a year ago. Net income in the quarter fell 87.5% to $2.4 million or 3 cents per diluted share compared to net income of $19.3 million or 25 cents per share a year ago.

Nvidia Corporation ((NVDA)) the maker of graphics chips slipped 0.7% or 10 cents to $16.11.

Pactiv Corporation ((PTV)) slipped 1.2% or 28 cents to $23.05 after the trash bag and plastic ware maker said fourth quarter sales fell 3% to $854 million from $883 million a year ago. Net income in the quarter rose 31% to $72 million or 54 cents per diluted share compared to net income of $55 million or 41 cents per share a year ago.

Praxair, Inc ((PX)) fell 0.9% or 77 cents to $78.66 an industrial gas supplier reported fourth quarter sales rose 0.4% to $2.41 billion from $2.40 billion a year ago. Net income in the quarter rose 70% to $340 million or $1.09 per diluted share compared to net income of $200 million or 64 cents per share a year ago.

QLogic Corporation ((QLGC)) dropped 2.7% or 52 cents to $18.37 after the networking equipment maker said third quarter revenues fell 9% to $149.1 million from $163.7 million a year ago. Net income in the quarter fell 7% to $28.6 million or 25 cents per diluted share compared to net income of $30.8 million or 24 cents per share a year ago.

RF Micro Devices, Inc ((RFMD)) decreased 3.9% or 17 cents to $4.10 after the maker of chips and radio systems for mobile phones reported third quarter revenues rose 24% to $250.3 million from $202.0 million.

Rockwell Automation, Inc ((ROK)) surged 9.9% or $4.59 to $50.75 after the provider of industrial automation power reported first quarter sales fell 10% to $1.07 billion from $1.19 billion a year ago. Net income in the quarter fell 35.3% to $76.6 million or 53 cents per diluted share compared to net income of $118.4 million or 83 cents per share a year ago.

Rollins, Inc ((ROL)) fell 1.1% or 21 cents to $18.38 after the consumer and commercial services company reported fourth quarter revenues rose 4.7% to $259.7 million from $248.1 million a year ago. Net income in the quarter rose 59% to $20.0 million or 20 cents per diluted share compared to net income of $12.6 million or 13 cents per share a year ago.

Smith International, Inc ((SII)) rose 2.1% or 66 cents to $31.22 after the oilfield services company reported fourth quarter revenues fell 35.3% to $1.98 billion from $3.06 billion a year ago. Net income in the quarter fell 90% to $20.1 million or 9 cents per diluted share compared to net income of $199.2 million or 91 cents per share a year ago.

Yahoo! Inc ((YHOO)) increased 3.8% or 62 cents to $16.61 after the internet brand said fourth quarter revenues fell 4.4% to $1.73 billion from $1.81 billion a year ago. Net income in the quarter was $153 million or 11 cents per diluted share compared to net loss of $303 million or 22 cents per share a year ago.

Toyota Motor Corp ((TM)) dropped 7.4% or $6.45 to $80.33 after it instructed Canadian sales a day after halting sales in the U.S. of eight models that are under investigation of accelerator pedals sticking.