Coca-Cola, Cognizant Rise; Electronic Arts Falls

Mayank Mehta
09 Feb, 2010
New York City

Electronic Arts Inc led the decliners in the S&P 500 index with a loss of 8.5%. Coca-Cola quarterly net income rises 55% and sales increase 5%. Cognizant fourth quarter revenues increase 20% and net income surge 28%. NYSE Euronext swings to profit and beats expectations.

[R]11:55 AM New York – Electronic Arts Inc led the decliners in the S&P 500 index with a loss of 8.5%. Coca-Cola quarterly net income rises 55% and sales increase 5%. Cognizant fourth quarter revenues increase 20% and net income surge 28%. NYSE Euronext swings to profit and beats expectations.[/R]

Of the stocks in S&P 500 index, 472 increased, 25 declined and 3 were unchanged.

Electronic Arts Inc led the decliners in the S&P 500 index with a loss of 8.5% followed by losses in GameStop Corp of 5.1% and in Pulte Homes, Inc of 3.8%, in Vulcan Materials Company of 2.5% and in Lennar Corporation of 1.2%.

Harman International Industries, Incorporated led gainers in the S&P 500 index with a rise of 16.1% followed by gains in NYSE Euronext 6.4%, in Lincoln National Corporation of 6.3% and in Coventry Health Care, Inc 5.5%.

Other Movers

Agrium Inc ((AGU)) climbed 2.2% or $1.28 to $59.05 after the retailer of agriculture products and services reported fourth quarter sales fell 26% to $1.44 billion from $1.94 billion a year ago. Net income in the quarter fell 76% to $30.0 million or 19 cents per diluted share compared to net income of $124 million or 79 cents per share a year ago.

The Andersons, Inc ((ANDE)) rose 0.9% or 27 cents to $29.19 after the fertilizer maker said fourth quarter sales rose 19% to $916 million from $770 million a year ago. Net income in the quarter was $16.2 million or 88 cents per diluted share compared to net loss of $33.4 million or $1.84 per share a year ago.

AXIS Capital Holdings Limited ((AXS)) added 2.1% or 61 cents to $29.30 after the insurer and reinsurer said fourth quarter revenues rose 50% to $867.6 million from $579.3 million a year ago. Net income in the quarter rose 115% to $282.1 million or $1.87 per diluted share compared to net income of $130.9 million or 88 cents per share a year ago.

BJ Services Company ((BJS)) rose 0.8% or 18 cents to $20.51 after the provider of pressure pumping and oilfield services reported first quarter revenues fell 34.4% to $931.5 million from $1.42 billion a year ago. Net loss in the quarter was $13.3 million or 5 cents per diluted share compared to net income of $149.2 million or 51 cents per share a year ago.

Caterpillar Inc ((CAT)) added 5.0% or $2.55 to $53.33 after the maker of bulldozers was upgraded to “overweight” from “underweight” at Morgan Stanley.

Cameron International Corp ((CAM)) rose 1.7% or 64 cents to $37.55 after the oil services firm reported fourth quarter revenues fell 4% to $1.46 billion from $1.52 billion a year ago. Net income in the quarter fell 33% to $97.3 million or 41 cents per diluted share compared to net income of $146.0 million or 66 cents per share a year ago.

Church & Dwight Co., Inc ((CHD)) rose 1.3% or $1.02 to $61.40 after the consumer products maker reported fourth quarter sales rose 4% to $670.8 million from $644.9 million a year ago. Net income in the quarter rose 19.5% to $52.8 million or 74 cents per diluted share compared to net income of $44.2 million or 62 cents per share a year ago.

Camden Property Trust ((CPT)) dropped 1.5% or 57 cents to $37.25 after the real estate investment trust said fourth quarter revenues fell 3% to $153.1 million from $157.6 million a year ago. Net loss in the quarter was $79.3 million or $1.19 per diluted share compared to net loss of $34.9 million or 63 cents per share a year ago.

Coca-cola Company ((KO)) increased 3.9% or $2.06 to $54.57 after it reported fourth quarter revenues rose 5% to $7.51 billion from $7.13 billion a year ago. Net income in the quarter rose 55% to $1.54 billion or 66 cents per diluted share compared to net income of $995 million or 43 cents per share a year ago.

Cognizant Technology Solutions Corporation ((CTSH)) added 3.5% or $1.56 to $45.30 after the provider of information technology consulting and technology services reported fourth quarter revenues rose 20% to $902.7 million from $753.0 million a year ago. Net income in the quarter rose 28% to $144.0 million or 47 cents per diluted share compared to net income of $112.3 million or 38 cents per share a year ago.

Coventry Health Care, Inc ((CVH)) advanced 5.1% or $1.16 to $23.60 after the healthcare company reported fourth quarter revenues rose 15% to $3.43 billion from $2.98 billion a year ago. Net income in the quarter rose 23.7% to $109.1 million or 74 cents per diluted share compared to net income of $88.2 million or 60 cents per share a year ago.

The Coca-Cola Company ((KO)) rose 1.8% or 99 cents to $53.63 after the beverage maker reported fourth quarter revenues rose 5% to $7.51 billion from $7.13 billion a year ago. Net income in the quarter rose 55% to $1.54 billion or 66 cents per diluted share compared to net income of $995 million or 43 cents per share a year ago.

Electronic Arts Inc ((ERTS)) slipped 8.0% or $1.41 to $16.08 after the video game publisher said third quarter revenues fell 25% to $1.24 billion from $1.65 billion a year ago. Net loss in the quarter was $82 million or 25 cents per diluted share compared to net loss of $641 million or $2.00 per share a year ago.

Forward Air Corporation ((FWRD)) advanced 0.1% or 3 cents to $22.00 after the provider of air freight services to cargo carriers and airlines said fourth quarter revenues fell 4.4% to $118.0 million from $123.5 million a year ago. Net income in the quarter fell 23% to $6.4 million or 22 cents per diluted share compared to net income of $8.3 million or 29 cents per share a year ago.

International Flavors & Fragrances Inc ((IFF)) rose 0.9% or 38 cents to $40.23 after the maker of fragrances and flavors reported fourth quarter sales rose 8.6% to $585.6 million from $539.1 million a year ago. Net income in the quarter fell 3% to $47.4 million or 59 cents per diluted share compared to net income of $49.0 million or 62 cents per share a year ago.

NYSE Euronext ((NYX)) increased 5.7% or $1.29 to $23.79 after the stock exchange operator reported fourth quarter revenues fell 7% to $1.13 billion from $1.22 billion a year ago. Net income in the quarter was $172 million or 66 cents per diluted share compared to net loss of $1.4 billion or $5.06 per share a year ago.

Parkway Properties, Inc ((PKY)) plunged 9.7% or $1.95 to $18.01 after the real estate investment trust said fourth quarter revenues rose 0.1% to $66.0 million from $65.9 million a year ago. Net loss in the quarter was $11.4 million or 53 cents per diluted share compared to net loss of $7.1 million or 47 cents per share a year ago.

PetSmart, Inc ((PETM)) rose 3.0% or 78 cents to $26.16 after the pet-store chain was upgraded to “outperform” from “neutral” at Credit Suisse.

Potlatch Corporation ((PCH)) rose 1.6% or 50 cents to $30.93 after the real estate investment trust reported fourth quarter revenues rose 11% to $104.1 million from $93.6 million a year ago. Net income in the quarter was $2.9 million or 7 cents per diluted share compared to net loss of $4.4 million or 11 cents per share a year ago.

Pike Electric Corporation ((PIKE)) climbed 4.9% or 39 cents to $8.55 an energy solutions provider said second quarter revenues fell 6.5% to $135.2 million from $144.6 million a year ago. Net loss in the quarter was $4.7 million or 14 cents per diluted share compared to net income of $2.6 million or 8 cents per share a year ago.

Principal Financial Group, Inc ((PFG)) decreased 4.3% or 44 cents to $21.75 after an insurance, retirement and financial services company said fourth quarter revenues fell 2% to $2.23 billion from $2.28 billion a year ago. Net income in the quarter was $141.9 million or 44 cents per diluted share compared to net loss of $7.5 million or 3 cents per share a year ago.

Qiagen N.V ((QGEN)) fell 0.2% or 6 cents to $20.60 after the genetic-testing specialist said fourth quarter sales rose 22% to $289.1 million from $237.2 million a year ago. Net income in the quarter rose 80% to $44.5 million or 18 cents per diluted share compared to net income of $24.7 million or 12 cents per share a year ago.

SRA International, Inc ((SRX)) rose 5.4% or 81 cents to $17.58 after the provider of technology and consulting services said second quarter revenues rose 12% to $413.5 million from $369.3 million a year ago. Net income in the quarter rose 78% to $19.2 million or 33 cents per diluted share compared to net income of $10.8 million or 19 cents per share a year ago.

SWS Group, Inc ((SWS)) rose 1.9% or 23 cents to $12.17 after the finance company said second quarter revenues fell 5% to $95.2 million from $100.2 million a year ago. Net income in the quarter fell 34.4% to $5.9 million or 21 cents per diluted share compared to net income of $9.0 million or 33 cents per share a year ago.

Terremark Worldwide, Inc ((TMRK)) plunged 10.6% or 83 cents to $6.96 after the provider of computing services was downgraded to “hold” from “buy” at Jefferies & Co.

Veeco Instruments Inc ((VECO)) gained 3.9% or $1.17 to $32.23 after the maker of equipment used to produce LEDs, solar cells and data storage said fourth quarter sales rose 32.7% to $146.4 million from $110.3 million a year ago. Net income in the quarter was $18.7 million or 50 cents per diluted share compared to net loss of $74.0 million or $2.35 per share a year ago.

Vulcan Materials Company ((VMC)) decreased 0.4% or 20 cents to $43.30 after the producer of construction aggregates reported fourth quarter sales fell 26.5% to $555.8 million from $756.5 million a year ago. Net loss in the quarter was $13.3 million or 11 cents per diluted share compared to net loss of $212.8 million or $1.93 per share a year ago.

Zebra Technologies Corporation ((ZBRA)) fell 0.1% or 4 cents to $27.30 after the manufacturer of specialty printing devices reported fourth quarter sales fell 4.3% to $222.5 million from $232.6 million a year ago. Net income in the quarter was $17.6 million or 30 cents per diluted share compared to net loss of $117.4 million or $1.88 per share a year ago.