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Market Update

Dean Foods, WhiteWave Foods Jump; Priceline, Sotheby’s Drop


Author: Mukesh Buch
ticker.com
Last Update: 12:12 PM ET November 09 2015

12:10 PM New York – CIRCOR net swung to a loss after revenues plunged. Dish Network profit surged after revenue per pay-TV subscriber jumped. Dean Foods net swung to profit. L.B. Foster net swung to a loss. Priceline net and sales soared. Sotheby’s net loss narrowed. WhiteWave Foods net surged.

Tollbooth Index dropped 151.66 or 1.4% to 10,937.66.

Earnings Review

CIRCOR International, Inc (CIR) slumped 2.4% or $1.07 to $43.99 after the engineered products maker said revenues in the third-quarter ending in September plunged 22% from a year ago to $159.3 million.

Net in the quarter swung to a loss of $8.1 million or 49 cents per diluted share compared to profit of $14.7 million or 83 cents per share from the same quarter last year.

Dish Network Corporation (DISH) decreased 2.8% or $1.78 to $61.96 after the satellite TV services provider stated total revenues in the third-quarter ending in September rose 1.4% from a year ago to $3.73 billion.

Net income in the quarter surged 35% to $196.5 million or 42 cents per diluted share compared to $145.5 million or 31 cents per share from the same quarter last year.

The company had about 13.91 million pay-TV subscribers with an average revenue per pay-TV subscriber was $86.33 compared to $84.39 in the same period a year ago.

During the quarter, DISH added about 13,000 net broadband subscribers totaled to 608,000 broadband subscribers.

The company activated approx 751,000 gross new Pay-TV subscribers compared to 691,000 a year ago but net Pay-TV subscribers declined 23,000 compared to a loss of about 12,000 in the third quarter 2014.

Dean Foods Co (DF) advanced 3.7% or 67 cents to $18.61 after the food and beverage company reported net sales in the third-quarter ending in September plummeted 14.3% from a year ago to $2.03 billion.

Net in the quarter swung to profit to $20.2 million or 22 cents per diluted share compared to a loss of $16 million or 17 cents per share from the same quarter last year.

L.B. Foster Co (FSTR) tumbled 18.8% or $3.01 to $13.01 after the fabricator said net sales in the third-quarter ending in September jumped 4.9% from a year ago to $176.1 million.

Net in the quarter swung to a loss of $57.4 million or $5.60 per diluted share compared to profit of $9.1 million or 88 cents per share from the same quarter last year.

Priceline Group Inc (PCLN) plunged 9.2% or $133.48 to $1,316.42 after the online travel services provider reported total revenues in the third-quarter ending in September jumped 9.1% from a year ago to $3.10 billion.

Net income in the quarter soared 13.2% to $1.20 billion or $23.41 per diluted share compared to $1.06 billion or $20.06 per share from the same quarter last year.

RealD (RLD) jumped 2.8% or 29 cents to $10.83 after the visual technologies provider said revenues in the third-quarter ending in September declined 19.5% from a year ago to $38.5 million.

Net loss in the quarter widened to $7.9 million or 15 cents per diluted share compared to $0.8 million or 2 cents per share from the same quarter last year.

Sotheby’s (BID) slumped 6.8% or $2.33 to $31.72 after the auction services provider stated total revenues in the third-quarter ending in September surged 46.5% from a year ago to $138 million.

Net loss in the quarter narrowed to $17.9 million or 26 cents per diluted share compared to $27.7 million or 40 cents per share from the same quarter last year.

WhiteWave Foods Co (WWAV) soared 4.2% or $1.72 to $43.19 after the packaged food and beverage producer reported total revenues in the third-quarter ending in September soared 17% from a year ago to $1 billion.

Net income in the quarter surged 22% to $50 million or 29 cents per diluted share compared to $41 million or 23 cents per share from the same quarter last year.

For the fourth-quarter, the company estimated diluted earnings per share in the range of 34 cents to 35 cents.

The food and beverage producer forecasted diluted earnings per share for the year between $1.17 and $1.18.

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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