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Market Update

Dominos, Home Depot, Macys Rise; American Tower Falls


Author: Mukesh Buch
ticker.com
Last Update: 10:56 AM ET February 25 2014

10:50 AM New York American Tower net plunged 26% but sales surged 23%. Dominos net soared 19%. Home Depot net slid 0.8% to $1 billion. EOG Resources net swung to a profit. Macys net climbed 11%. ONEOK profit dropped 19%. Toll Brothers net surged.

American Tower Corporation (AMT) slipped 1.8% or $1.50 to $81.49 after the infrastructure developer reported total revenues in the fourth-quarter ending in December surged 22.6% to $942 million.

Net income in the quarter plunged 26% to $100 million or 25 cents a diluted share compared to $136 million or 34 cents.

Dominos Pizza, Inc (DPZ) gained 1.9% or $1.45 to $76.14 after the pizza delivery company stated total revenues in the fourth-quarter ending in December advanced 5% to $566.5 million.

Net income in the quarter soared 19% to $44.7 million or 78 cents a diluted share compared to $37.6 million or 64 cents.

The Home Depot, Inc (HD) jumped 2.5% or $1.93 to $79.81 after the retailer said total sales in the fourth-quarter ending in December increased 3% to $17.7 billion. Comparable store sales in the quarter advanced 4.4%.

Net earnings in the quarter slid 0.8% to $1.01 billion or 73 cents a diluted share compared to $1.02 billion or 68 cents.

EOG Resources, Inc (EOG) rose $1.53 to $181.91 after the oil and gas explorer reported net sales in the fourth-quarter ending in December climbed 23% to $3.7 billion.

Net in the quarter swung to a profit $580.2 million or $2.12 a diluted share compared to a loss of $505 million or $1.88.

Macys, Inc (M) climbed 3.8% or $2.01 to $55.97 after the specialty retailer stated net sales in the fourth-quarter ending in December fell 1.6% to $9.2 billion. Comparable store sales in the quarter increased 1.4%.

Net income in the quarter climbed 11% to $811 million or $2.16 a diluted share compared to $730 million or $1.83.

OGE Energy Corp. (OGE) increased 31 cents to $36.28 after the energy services provider said total revenues in the second-quarter ending in December plunged 41% to $508.9 million.

Net earnings in the quarter surged 50% to $57.6 million or 29 cents a diluted share compared to $38.5 million or 19 cents.

ONEOK, Inc (OKE) slipped 2.7% or $1.59 to $59.72 after the diversified energy company reported revenue in the fourth-quarter ending in December jumped 13.1% to $4.14 billion.

Net income in the quarter dropped 19% to $90.7 million or 43 cents a diluted share compared to $111.5 million or 53 cents.

Toll Brothers Inc (TOL) fell 1.5% or 60 cents to $37.74 after the homebuilder stated revenue in the first-quarter ending in January soared 51.6% to $643.7 million.

Net income in the quarter surged to $45.6 million or 25 cents a diluted share compared to $4.4 million or 3 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