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Market Update

U.S. Movers: Aetna, Avon, Domino’s, Ecolab, NYSE Euronext, Pfizer


Author: Mukesh Buch
ticker.com
Last Update: 12:05 PM ET April 30 2013

11:55 AM New York – Aetna first quarter net slid 4% and Avon net swung to a loss. BP net surged to $16.9 billion. Domino’s net surged 66% as same store sales jumped 6.2%. NYSE Euronext net climbed 15% and Office Depot net swung to a loss. Pfizer net soared 53%.

Aetna Inc. (AET) climbed 3% or $1.69 to $57.85 after the healthcare company reported total revenue in the first quarter ending in March climbed 7% to $9.54 billion. Net income in the quarter slid 4% to $490 million or $1.48 a diluted share compared to $511 million or $1.43.

As on March 31, medical membership increased for the fourth consecutive quarter to 18.3 million.

Aetna expects full-year operating earnings per share in the range of $5.50 to $5.60.

Avon Products, Inc. (AVP) jumped 3.4% or 76 cents to $22.95 after the beauty related products maker said total revenues in the first quarter ending in March decreased 4% to $2.5 billion. In the quarter, net loss swung to $13 million or 3 cents a diluted share compared to net income of $26.5 million or 6 cents.

The company said operating profit in the quarter climbed to $172 million and operating margin grew 2.8 percentage points to 6.9% from a year ago period.

Avon added sales in beauty segment dropped 5% but fragrance sales rose 1% while sales in personal care, color and skincare segment declined 3%, 6% and 12%, respectively.

BP Plc (BP) gained 2.2% or 94 cents to $43.57 after the oil and gas company reported total revenue in the first quarter ending in March surged 10% to $107.2 billion. Net income in the quarter surged nearly two-fold to $16.9 billion or $87.61 a diluted share compared to $5.82 billion or $29.97.

Domino’s Pizza, Inc (DPZ) advanced 3.8% or $2.08 to $55.03 after the pizza delivery company stated total revenue in the first-quarter ending in March jumped 9% to $417.6 million. Domestic same store sales in the quarter increased 6.2%.

Net income in the quarter surged 66% to $34.4 million or 59 cents a diluted share compared to $20.7 million or 35 cents.

Domino’s said international division posted strong results in the quarter with same store sales growth of 6.5% and marked the 77th consecutive quarter of international same store sales growth.

Ecolab Inc. (ECL) rose 10 cents to $83.35 after the hospitality industry service provider reported net sales in the first quarter ending in March rose 2% to $2.87 billion. Net income in the quarter climbed more than three-fold to $159.6 million or 53 cents a diluted share compared to $49.7 million or 17 cents.

The company added operating income in the quarter soared 58% to $261.7 million.

Harris Corporation (HRS) increased 1.3% or 62 cents to $45.21 after the information technology company said revenue in the third quarter ending in March climbed 12% to $1.20 billion. In the quarter, net income swung to $94.8 million or 85 cents a diluted share compared to net loss of $353.2 million or $3.15.

Express Scripts Holding Company (ESRX) gained 51 cents to $58.95 after the healthcare service provider stated revenue in the first quarter ending in March more than doubled to $26 billion. Net income in the quarter climbed 39% to $373 million or 45 cents a diluted share compared to $267.5 million or 55 cents.

For the year, the company expects adjusted earnings per diluted share from continuing operations in the range of $4.20 to $4.30, an increase of 12% to 15%.

NYSE Euronext (NYX) rose 27 cents to $38.92 after the trading platform provider said revenue in the first quarter ending in March increased 1% to $963 million. Net income in the quarter jumped 15% to $139 million or 57 cents a diluted share compared to $121 million or 47 cents.

NiSource Inc. (NI) slipped 1.6% or 51 cents to $30.64 after the energy holding company reported total net revenue in the first quarter ending in March grew 5% to $1.11 billion. Net income in the quarter advanced 12% to $260.5 million or 83 cents a diluted share compared to $193.4 million or 66 cents.

Office Depot, Inc. (ODP) climbed 5.4% or 20 cents to $3.89 after the office products retailer said sales in the first quarter ending in March declined 5% to $2.72 billion. In the quarter net loss swung to $16.8 million or 6 cents a diluted share compared to net earnings of $41.3 million or 14 cents.

Pfizer Inc. (PFE) dropped 3.3% or $1.01 to $29.42 after the biopharmaceutical company reported revenues in the first quarter ending in March plunged 9% to $13.5 billion. Net income in the quarter surged 53% to $2.75 billion or 38 cents a diluted share compared to $1.79 billion or 24 cents.

Prevnar, the third best selling drug of the company reported less than forecasted result for U.S. sales of $150 million. Sales of Lipitor for cholesterol tumbled 55% to $626 million and sales of Viagra dropped 7% to $461 million.

Pfizer lowered revenue expectation for the year between $55.3 billion and $57.3 billion and diluted earnings per share in the range of $1.44 to $1.59.

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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