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Market Update

U.S. Movers: Agilent Technologies, Cintas, Darden, Tibco Software


Author: Mukesh Buch
ticker.com
Last Update: 9:02 AM ET September 20 2013

11:45 AM New York Agilent plans to split into two publicly traded companies. Cintas net barely rose 1% after revenue climbed 7%. Darden Restaurants declined 37% as same-restaurant Sales in the quarter. Tibco Software profit plunged 18%.

Agilent Technologies, Inc (A) gained 1.6% or 77 cents to $51.74 after the measurement provider plans to separate two publicly traded companies. One company focuses on life sciences, diagnostics and applied markets where as another company will comprise on electronic measurement products.

Cintas Corporation (CTAS) rose 4 cents to $50.93 after the rental uniforms provider said revenue in the first-quarter ending in August climbed 6.6% to $1.12 billion.

Net income in the quarter rose 1.3% to $77.8 million or diluted earnings 63 cents per share compared to $76.7 million per share or 60 cents per share.

The company added operating income in the quarter soared 12.5% to $140.1 million.

Darden Restaurants, Inc. (DRI) declined 5.3% or $2.60 to $46.70 after the restaurants & bars operator reported revenue in the first-quarter ending on August 25 jumped 6.1% to $2.16 billion. Same-restaurant sales in August dropped 3.2% followed by plunged 7.4% in July and 1.9% in June.

Net income in the quarter declined 36.6% to $70.2 million or diluted earnings 53 cents per share compared to $110.8 million per share or 85 cents per share.

The company expects diluted net earnings per share for the year to decline between 3% and 5% compared to fiscal 2013.

Tibco Software Inc. (TIBX) climbed 4.7% or $1.21 to $26.45 after the infrastructure software provider stated total revenue in the third-quarter ending on September 1 increased 6.2% to $270.9 million. Net income in the quarter plunged 18.4% to $21.3 million or diluted earnings 13 cents per share compared to $26.1 million per share or 15 cents per share.

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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