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Market Update

U.S. Movers: AOL, Buckeye, CBOE, Entergy, LinkedIn, Moody’s


Author: Mukesh Buch
ticker.com
Last Update: 10:09 AM ET February 08 2013

10:05 AM New York – AOL fourth quarter net surged 57% and Buckeye net plunged 42%. CBOE fourth quarter net climbed 25% and Entergy net soared 92%. LinkedIn net vaulted 67% and the site crossed 200 million members. Moody’s fourth quarter net jumped 66%.

AOL, Inc. (AOL) surged 12.2% or $3.79 to $35.20 after the online content provider said total revenues in the fourth quarter ending in December grew 4% to $599.5 million from $576.8 million in the same period of last year. Net income in the quarter surged 57% to $35.7 million or 41 cents per diluted share compared to $22.8 million or 23 cents a share a year ago earlier.

For the quarter, AOL said global advertising revenue climbed 13% and search revenue jumped 17%. Third party network revenue soared 31%. AOL networks revenue increased 37% and membership group revenue dropped 10%.

Apollo Global Management, LLC (APO) climbed 5.6% or $1.24 to $23.39 after the asset manager reported total revenues in the fourth quarter ending in December soared 80% to $1.16 billion from $646 million in the same period of last year. Net income in the quarter climbed to $171.5 million or $1.12 per diluted share compared to $10.9 million or 5 cents a share a year ago period.

Buckeye Partners, L.P. (BPL) increased 1.7% or 93 cents to $53.23 after the oil well service provider said total revenues in the fourth quarter ending in December slipped 3% to $1.15 billion from $1.31 billion in the same period of last year. Net income in the quarter plunged 42% to $34.9 million or 35 cents per diluted share compared to $59.7 million or $1.34 a share a year ago.

CBOE Holdings, Inc. (CBOE) slipped 11 cents to $34.20 after the trading exchange operator stated total revenues in the fourth quarter ending in December increased 8% to $130.1 million from $120.2 million in the same period of last year. Net income in the quarter climbed 25% to $39.2 million or 45 cents per diluted share compared to $31.3 million or 35 cents a share a year ago earlier.

Carlisle Companies Inc (CSL) gained 1.5% or 99 cents to $65.81 after the holding company said net sales in the fourth quarter ending in December increased 7% to $845.3 million from $789.6 million in the same period of last year. Net earnings in the quarter climbed 24% to $47.9 million or 74 cents per diluted share compared to $38.6 million or 61 cents a share a year ago quarter.

Entergy Corporation (ETR) slid 38 cents to $64.58 after the electric utility provider stated revenue in the fourth quarter ending in December slid 2% to $2.44 billion from $2.49 billion in the same period of last year. Net income in the quarter surged 92% to $296.3 million or $1.66 per diluted share compared to $154.1 million or 87 cents a share a year ago period.

Entergy affirms previously issued fiscal earnings per share guidance between $4.60 and $5.40.

LinkedIn Corporation (LNKD) soared 17.6% or $21.70 to $145.87 after the professional network reported revenue in the fourth quarter ending in December soared 81% to $303.6 million from $167.7 million in the same period of last year. Net income in the quarter surged 67% to $11.5 million or 10 cents per diluted share compared to $6.9 million or 6 cents a share a year ago.

LinkedIn said revenue from talent solution segment in the U.S. jumped 62% to $189 million and marketing solution revenue climbed 68% to $83.2 million. Premium subscriptions products surged 79% to $59.4 million.

LinkedIn crossed 200 million members in the quarter, a growth of 39% from a year ago.

The company expects revenue for the first quarter between $305 million and $310 million and for the year in the range of $1.41 billion to $1.44 billion.

Laboratory Corporation of America Holdings (LH) decreased 1.7% or $1.63 to $90 after the laboratories operator said revenues in the fourth quarter ending in December rose 3% to $1.41 billion from $1.37 billion in the same period of last year. Net income in the quarter declined 11% to $120.2 million or $1.26 per diluted share compared to $135.4 million or $1.34 a share a year ago.

The company expects revenue growth between 2% and 3% and adjusted earnings per share in the range of $6.85 to $7.15.

Moody’s Corporation (MCO) dropped 3.1% or $1.45 to $45.45 after the credit rating agency reported revenue in the fourth quarter ending in December jumped 33% to $754.2 million from $567.1 million in the same period of last year. Net income in the quarter jumped 66% to $160.1 million or 70 cents per diluted share compared to $96.2 million or 43 cents a share a year ago.

Moody''s expects full-year earnings per share in the range of $3.45 to $3.55.

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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