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Market Update

E. W. Scripps, Insys Therapeutics, MBIA Climb; AutoZone Falls


Author: Mukesh Buch
ticker.com
Last Update: 12:06 PM ET March 04 2014

11:55 AM New York AutoZone net jumped 9% and sales climbed 10%. Bank of Nova Scotia net profit and revenue increased. E. W. Scripps net plunged 71%. Hilltop net and interest income surged. MBIA net tumbled 79%.

AutoZone, Inc. (AZO) slipped 1.3% or $7.21 to $534.02 after the automotive parts distributor reported net sales in the second-quarter ending in December climbed 10.5% to $2.1 billion.

Net income in the quarter jumped 9.4% to $192.8 million or $5.63 a diluted share compared to $176.2 million or $4.78.

The Bank of Nova Scotia (BNS) rose 11 cents to $56.98 after the financial service provider stated net interest income in the first-quarter ending in December climbed 7% to $3 billion.

Net income in the quarter advanced 6.5% to $1.7 billion or $1.32 a diluted share compared to $1.6 million or $1.24.

The E. W. Scripps Company (SSP) surged 12.9% or $2.52 to $22.03 after the media company stated net sales in the second-quarter ending in December jumped 15% to $220.8 million.

Net income in the quarter plunged 71% to $7.9 million or 14 cents a diluted share compared to $27.2 million or 47 cents.

Hilltop Holdings Inc (HTH) gained 1% or 25 cents to $24.83 after the property insurance company said net interest income in the fourth-quarter ending in December jumped to $98.6 million.

Net income in the quarter surged to $29.5 million or 34 cents a diluted share compared to $8.6 million or 13 cents.

Insys Therapeutics, Inc. (INSY) soared 23% or $15.78 to $84.24 after the pharmaceutical company said total revenues in the fourth-quarter ending in December soared 673.1% to $40.2 million.

Net in the quarter swung to a profit $24.1 million or $1.11 a diluted share compared to a loss of $286 million or 76 cents.

MBIA Inc (MBI) climbed 9.3% or $1.24 to $14.56 after the insurance company reported total revenue in the fourth-quarter ending in December declined 37.4% to $98.6 million.

Net income in the quarter tumbled 79.2% to $132 million or 68 cents a diluted share compared to $636 million or $3.26.

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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