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Market Update

U.S. Movers: Amazon.com, Boeing, Eli Lilly, L-3, Valero


Author: Mukesh Buch
ticker.com
Last Update: 10:30 AM ET January 30 2013

10:25 AM New York Amazon.com fourth quarter net declined 45% and Eli Lilly net slipped 4%. L-3 Communications dropped 23% and Rockwell Automation first quarter net declined 12%. Boeing fourth quarter net dropped 30% and Valero Energy net surged to $1.01 billion.

Amazon.com, Inc. (AMZN) climbed 3.6% or $9.56 to $269.92 after the online retailer said net sales in the fourth quarter ending in December climbed 22% to $21.27 billion from $17.43 billion in the same period of last year. Net income in the quarter declined 45% to $97 million or 21 cents per diluted share compared to $177 million or 38 cents a share a year ago earlier.

The retailer expects first quarter net sales between $15 billion and $16.6 billion, or increase 14% to 26% and between operating loss of $285 million and income of $65 million.

Eli Lilly and Company (LLY) gained 17 cents to $54.49 after the pharmaceutical company reported total revenue in the fourth quarter ending in December slid 1% to $5.96 billion from $6.05 billion in the same period of last year. Net income in the quarter slipped 4% to $827.2 million or 74 cents per diluted share compared to $858.2 million or 77 cents a share a year ago period.

The company revised its 2013 financial guidance and expects full year earnings per share in the range of $4.10 to $4.25, an increase of 12% to 16%, and revenues between $22.6 billion and $23.4 billion.

L-3 Communications Holdings, Inc. (LLL) rose 30 cents to $78.19 after the aerospace and defense contractor stated net sales in the fourth quarter ending in December edged up to $3.56 billion from $3.54 billion in the same period of last year. Net income in the quarter dropped 23% to $212 million or $2.25 per diluted share compared to $274 million or $2.72 a share a year ago quarter.

The government contractor expects net sales for the fiscal 2013 between $12.55 billion and $12.75 billion and diluted earnings per share in the range of $8.15 to $8.35.

Rockwell Automation, Inc. (ROK) slipped 76 cents to $89.13 after the industrial automation provider said sales in the first quarter ending in December rose 1% to $1.49 billion from $1.47 billion in the same period of last year. Net income in the quarter declined 12% to $161.4 million or $1.14 per diluted share compared to $183.3 million or $1.27 a share a year ago.

The software maker expects sales for fiscal 2013 in the range of $6.35 billion to $6.65 billion and adjusted earnings per share between $5.35 and $5.75.

The Boeing Company (BA) gained 58 cents to $74.25 after the aerospace company reported total revenue in the fourth quarter ending in December jumped 14% to $22.3 billion from $19.6 billion in the same period of last year. Net income in the quarter dropped 30% to $978 million or $1.28 per diluted share compared to $1.39 billion or $1.84 a share a year ago

For fiscal 2013, the company expects revenue between $82 billion and $85 billion and earnings per share in the range of $5 to $5.20.

The ADT Corporation (ADT) advanced 3.1% or $1.48 to $47.99 after the electronic security provider said total revenue in the first quarter ending in December grew 2% to $809 million from $795 million in the same period of last year. Net income in the quarter climbed 13% to $105 million or 44 cents per diluted share compared to $93 million or 39 cents a share a year ago.

The Southern Company (SO) rose 14 cents to $44.76 after the electric utility provider reported net sales in the fourth quarter ending in December were nearly flat to $3.70 billion from the same period of last year. Net income in the quarter declined 45% to $383 million or 44 cents per diluted share compared to $261 million or 30 cents a share a year ago earlier.

Valero Energy Corporation (VLO) gained 41 cents to $44.18 after the petroleum refiner stated revenue in the fourth quarter ending in December was nearly flat at $34.69 billion from $34.67 billion in the same period of last year. Net income in the quarter surged to $1.01 billion or $1.82 per diluted share compared to $45 million or 8 cents a share a year ago quarter.

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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