10:45 AM New York – Humana first quarter net declined 21.3% to $248 million. Hologic said second quarter net swung to $40.3 million loss. Loews first quarter net increased 14% to $250 million. NYSE Euronext first quarter net plunged 32% to $121 million. Watson Pharmaceuticals first quarter net surged 21% to $54.8 million.

Earnings Review

Books-A-Million, Inc. (BAMM), the bookstores operator said Anderson family has made a non binding proposal to acquire all publicly held shares of the company. According to the proposal shareholders will receive $3.05 per share in cash. The proposal values the total equity approx of $48.8 million.

CNA Financial Corporation (CNA), the insurance company reported first quarter total revenues rose 2% to $3.74 billion from $3.67 billion in the same quarter last year. Net income in the quarter slumped 3.2% to $367 million or 92 cents per diluted share compared to $379 million or 92 cents per share in the year ago earlier.

Energy Transfer Partners, L.P. (ETP), the propane gas retailer agreed to acquire Sunoco, Inc. (SUN), a petroleum refiner in cash valued $50.13 per share or total of about $5.3 billion. The merger consideration consists of $25 in cash and 0.5245 of an ETP common share. However, Sunoco Logistics Partners will continue to trade as separate company.

Humana Inc. (HUM), the health care company reported first quarter total revenues increased 11% to $10.22 billion from $9.19 billion in the same quarter last year. Net income in the quarter declined 21.3% to $248 million or $1.49 per diluted share compared to $315 million or $1.86 per share in the year ago period.

Humana lifted full year outlook for revenue between of $39 billion and $39.5 billion and diluted earnings per share would be in the range of $7.55 to $7.75 and second quarter diluted earnings per share would be $2.15 to $2.25.

Hologic, Inc. (HOLX), the medical equipments maker reported second quarter revenue rose 7.4% to $471.2 million from $438.7 million in the same quarter last year. Net loss in the quarter swung to $40.3 million or 15 cents per diluted share compared to net income of $82.4 million or 31 cents per share in the year ago earlier.

The Company expects third quarter revenues of $475 million to $480 million and reaffirms full year revenue guidance of $1.9 billion to $1.925 billion.

Hologic added today that the company will acquired all outstanding shares of Gen-Probe for $82.75 per share in cash or total enterprise value for $3.7 billion. The transaction is expected to be completed in the second half of this year.

Loews Corporation (L), the insurance company reported first quarter total revenues grew 4% to $2.40 billion from $2.31 billion in the same quarter last year. Net income in the quarter increased 14% to $250 million or 93 cents per diluted share compared to $220 million or 82 cents per share in the year ago.

Microsoft Corporation (MSFT), the software maker made strategic partnership with Barnes & Noble Inc. (BKS) will formed new subsidiary which bring together digital and College businesses of Barnes & Noble and Microsoft will invest $300 million to develop digital reading technology for catalogues, e-Books, magazines and newspapers.

NYSE Euronext (NYX), the trading solution provider reported first quarter total revenues dropped 17% to $952 million from $1.15 billion in the same quarter last year. Net income in the quarter plunged 32% to $121 million or 47 cents per diluted share compared to $177 million or 68 cents per share in the year ago period.

Watson Pharmaceuticals, Inc. (WPI), the pharmaceutical company reported first quarter total revenues soared 74% to $1.52 billion from $876.5 million in the same quarter last year. Net income in the quarter surged 21% to $54.8 million or 43 cents per diluted share compared to $45.3 million or 36 cents per share in the year ago period.