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Market Update

Aecom Tech, Michael Kors, Yum! Brands Climb


Author: Mukesh Buch
ticker.com
Last Update: 11:26 AM ET February 04 2014

11:10 AM New York Archer-Daniels net dropped 27% and sales fell 3%. BP net declined 29%. Becton Dickinson net plunged 57% but sales jumped 6%. CME net climbed 16%. Yum! Brands climbed despite 5% decline in profit.

Aecom Technology Corporation (ACM) climbed 6.8% or $1.88 to $29.57 after the architectural services provider reported revenue on the first-quarter ending in December decreased 3.1% to $1.95 billion.

Net income in the quarter surged 48% to $56 million or 58 cents a diluted share compared to $38 million or 36 cents.

Affiliated Managers Group, Inc (AMG) dropped 2.9% or $5.54 to $182.15 after the investment company said net sales in the fourth-quarter ending in December soared 21% to $594 million.

Net income in the quarter surged 49% to $202.9 million or $2.79 a diluted share compared to $136.5 million or $1.40.

Archer-Daniels-Midland-Company (ADM) fell 11 cents to $38.82 after the food processing company stated revenues in the fourth-quarter ending in December slipped 3% to $24.1 billion.

Net income in the quarter dropped 27% to $374 million or 56 cents a diluted share compared to $510 million or 77 cents.

BP Plc (BP) gained 35 cents to $46.46 after the U.K.-based oil and gas explorer reported sales in the fourth-quarter ending in December slid 0.2% to $93.7 billion.

Net income in the quarter declined 29% to $1.10 billion or $5.54 diluted share compared to $1.55 billion or $7.75.

Becton Dickinson and Co (BDX) increased 1.9% or $2.05 to $107.45 after the medical product supplier reported sales in the first-quarter ending in December advanced 6.3% to $2.02 billion.

Net income in the quarter plunged 56.6% to $271 million or $1.37 a diluted share compared to $625 million or $3.13.

CME Group Inc. (CME) slid 14 cents to $73.04 after the trading services provider and exchange operator said total revenues in the fourth-quarter ending in December increased 4% to $687 billion.

Net income in the quarter climbed 16% to $193 million or 58 cents a diluted share compared to $166.8 million or 50 cents.

Michael Kors Holdings Limited (KORS) surged 18.6% or $14.26 to $90.93 after the footwear and apparel designer stated revenue in the third-quarter ending in December soared 59% to $1 billion.

Net income in the quarter jumped 76.6% to $229.6 million or $1.11 a diluted share compared to $130 million or 64 cents.

Yum! Brands, Inc (YUM) climbed 9.1% or $6.05 to $72.21 after the fast-food restaurant chain operator reported total revenue in the fourth-quarter ending in December rose 1% to $4.18 billion. Same-store sales in the U.S. in the quarter rose 2%.

Net income in the quarter dropped 5% to $321 million or 70 cents a diluted share compared to $337 million or 72 cents.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc