Coca-Cola Enterprises Rises; GameStop Plunges

Mayank Mehta
25 Feb, 2010
New York City

Coca-Cola Enterprises Inc led gainers in the S&P 500 index with a rise of 34%. GameStop drops 8% after chief financial officer resigns to join international arm of Wal-Mart Stores. True Religion and MetroPCS report earnings ahead of expectations.

[R]11:40 AM New York – Coca-Cola Enterprises Inc led gainers in the S&P 500 index with a rise of 34%. GameStop drops 8% after chief financial officer resigns to join international arm of Wal-Mart Stores. True Religion and MetroPCS report earnings ahead of expectations.[/R]

Of the stocks in S&P 500 index, 17 increased, 482 declined and 1 were unchanged.

GameStop Corp led the decliners in the S&P 500 index with a loss of 8.5% followed by losses in Fifth Third Bancorp of 5.0% and in First Solar, Inc of 4.7%, in Salesforce.com, Inc of 4.6% and in The Coca-Cola Company of 3.8%.

Coca-Cola Enterprises Inc led gainers in the S&P 500 index with a rise of 31.8% followed by gains in Dr Pepper Snapple Group, Inc 9.3%, in Express Scripts, Inc of 9.2% and in Iron Mountain Incorporated 7.5%.

Other Movers

California Water Service Group ((CWT)) decreased 0.4% or 18 cents to $37.06 after the provide regulated and non-regulated water and wastewater utility services said fourth quarter revenues rose 7% to $106.9 million from $100.1 million a year ago. Net income in the quarter fell 11% to $6.5 million or 31 cents per diluted share compared to net income of $7.3 million or 35 cents per share a year ago.

Cameco Corporation ((CCJ)) rose 0.2% or 7 cents to $28.23 after the uranium producer said fourth quarter revenues rose 3% to $659 million from $640 million a year ago. Net income in the quarter was $598 million or $1.52 per diluted share compared to net income of $31 million or 8 cents per share a year ago.

CenturyTel, Inc ((CTL)) fell 2.2% or 80 cents to $34.48 after the communications company reported fourth quarter sales rose 186.2% to $1.84 billion from $643.0 million a year ago. Net income in the quarter rose 130% to $230.2 million or 77 cents per diluted share compared to net income of $100.1 million or $1.00 per share a year ago.

Coca-Cola Enterprises Inc ((CCE)) soared 34% to $25.79 after it agreed to sell its entire North American operations to Coca-Cola Company and pay shareholders $10 in cash and exchange each share for one new share in a new entity with the current name.

Deltic Timber Corporation ((DEL)) rose 0.06% or 3 cents to $46.54 after the natural resources company said fourth quarter sales fell 0.6% to $31.0 million from $31.2 million a year ago. Net income in the quarter was $3.7 million or 30 cents per diluted share compared to net loss of $255,000 or 2 cents per share a year ago.

Digital Realty Trust, Inc ((DLR)) rose 0.9% or 48 cents to $51.12 after the real estate investment trust reported fourth quarter revenues rose 15.4% to $169.8 million from $147.1 million a year ago. Net income in the quarter rose 3.6% to $14.3 million or 18 cents per diluted share compared to net income of $13.8 million or 19 cents per share a year ago.

Donaldson Company, Inc ((DCI)) climbed 2.3% or 98 cents to $42.29 after the filtration systems for engines and industrial products said second quarter sales fell 5.3% to $436.1 million from $460.6 million a year ago. Net income in the quarter fell 8.3% to $31.0 million or 39 cents per diluted share compared to net income of $33.8 million or 43 cents per share a year ago.

Emcor Group, Inc ((EME)) decreased 3.5% or 84 cents to $22.76 an electrical and mechanical construction and facilities Services Company reported fourth quarter sales fell 19% to $1.36 billion from $1.68 billion a year ago. Net income in the quarter fell 35% to $39.2 million or 58 cents per diluted share compared to net income of $60.3 million or 90 cents per share a year ago.

EnergySolutions, Inc ((ES)) rose 4.7% or 27 cents to $6.00 after the provider of specialized, technology-based nuclear services reported fourth quarter revenues rose 9.3% to $448.3 million from $410.1 million a year ago. Net income in the quarter rose 837.5% to $22.5 million or 25 cents per diluted share compared to net income of $2.4 million or 3 cents per share a year ago.

Express Scripts, Inc ((ESRX)) surged 9.4% or $8.33 to $96.08 after the pharmacy benefit manager said fourth quarter revenues rose 49% to $8.2 billion from $5.5 billion a year ago. Net income in the quarter rose 8% to $223.3 million or 80 cents per diluted share compared to net income of $206.8 million or 83 cents per share a year ago.

First Solar Inc ((FSLR)) decreased 3.7% to $101.24 after the company Chairman Michael Ahearn sold at least 40% of his stake in the China based solar module and panel maker.

Foster Wheeler AG ((FWLT)) fell 0.7% or 21 cents to $26.10 after the engineering and construction contractor reported fourth quarter revenues fell 22.6% to $1.27 billion from $1.64 billion a year ago. Net income in the quarter fell 35% to $65.1 million or 51 cents per diluted share compared to net income of $99.9 million or 75 cents per share a year ago.

Frontier Oil Corporation ((FRO)) fell 2.5% or 32 cents to $12.48 an energy company reported fourth quarter revenues fell 19% to $1.09 billion from $1.35 billion a year ago. Net loss in the quarter was $75.1 million or 72 cents per diluted share compared to net income of $119 million or $1.15 per share a year ago.

GameStop Corp ((GME)) dropped 8.7% to $17.21 after the computer game retailer confirmed that chief financial officer and executive vice president Catherine R. Smith has resigned to join international operations of Wal-Mart Stores Inc.

H. J. Heinz Company ((HNZ)) rose 0.6% or 5 cents to $45.97 after the manufacturer of processed food products reported third quarter sales rose 12.6% to $2.68 billion from $2.38 billion a year ago. Net income in the quarter fell 5.7% to $228.5 million or 72 cents per diluted share compared to net income of $242.3 million or 76 cents per share a year ago.

Kaydon Corporation ((KDN)) rose 0.6% or 21 cents to $34.91 after the manufacturer of custom-engineered, performance-critical products reported fourth quarter sales fell 17.7% to $108.9 million from $132.4 million a year ago. Net income in the quarter fell 17.4% to $11.4 million or 34 cents per diluted share compared to net income of $13.8 million or 40 cents per share a year ago.

Limited Brands, Inc ((LTD)) increased 3.9% or 85 cents to $22.39 after the specialty retailer of women’s intimate and other apparel said fourth quarter sales rose 2.3% to $3.06 billion from $2.99 billion a year ago. Net income in the quarter was $356.1 million or $1.08 per diluted share compared to net income of $16.1 million or 5 cents per share a year ago.

MetroPCS Communications, Inc ((PCS)) increased 4.9% or 31 cents to $6.55 after the wireless communications provider reported fourth quarter revenues rose 28.5% to $930.0 million from $723.6 million a year ago. Net income in the quarter rose 126.7% to $33.1 million or 9 cents per diluted share compared to net income of $14.6 million or 4 cents per share a year ago.

OM Group, Inc ((OMG)) rose 0.09% or 3 cents to $33.81 after the producer of specialty chemicals and advanced materials reported fourth quarter sales fell 18.6% to $241.4 million from $296.6 million a year ago. Net income in the quarter was $14.3 million or 47 cents per diluted share compared to net loss of $32.7 million or $1.08 per share a year ago.

Polypore International Inc ((PPO)) jumped 8.1% to $14.81 after the medical devices maker reported fourth quarter adjusted earnings of 36 cents a share.

True Religion Apparel Inc ((TRLG)) surged 15.2% to $23.94 after it fourth quarter adjusted earnings of 59 cents a share.

Whiting Petroleum Corporation ((WLL)) rose 1.9% or $1.39 to $72.78 after the oil and gas company said fourth quarter revenues rose 41% to $316.0 million from $223.9 million a year ago. Net loss in the quarter was $11.2 million or 24 cents per diluted share compared to net loss of $3.0 million or 7 cents per share a year ago.