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Market Update

U.S. Movers: Cardinal Health, Kellogg, Moody’s, Starwood, Visa


Author: Mukesh Buch
ticker.com
Last Update: 11:14 AM ET February 03 2011

10:30 AM New York – Cardinal Health second quarter revenue gained 2%. CVS Caremark fourth quarter net revenue decreased 4.1% to $24.8 billion. MasterCard fourth quarter net revenues increased 10.7% to $1.4 billion. Viacom first quarter revenue decreased 5% to $3.8 billion. YUM Brands fourth quarter revenue surged 6%.

Of 30 the stocks in the Dow, 9 increased and 21 decreased.

Of the stocks in the Dow Jones Industrial Average, AT&T Inc. led the gainers with a rise of 0.54% followed by increase in McDonald’s Corporation of 0.49%, in The Home Depot, Inc. of 0.38%, in Kraft Foods Inc. of 0.38%, in The Travelers Companies, Inc. of 0.34%.

Merck & Co., Inc. led the decliners with a fall of 3.39%, followed by decline in Alcoa Inc. of 1.92%, in Microsoft Corporation of 1.29%, in American Express Company of 1.24%, in JPMorgan Chase & Co. of 1.21%.

Other Movers

ACE Limited (ACE) fell 0.3% or 24 cents to $62.26 after the Switzerland based insurance company reported fourth quarter net premium surged to $4.56 billion from $4.51 billion last year. Net income in the quarter was $1,001 million or $2.92 per diluted share compared to $953 million or $2.81 per share a year earlier.

Cardinal Health, Inc (CAH) rose 0.2% or 10 cents to $41.71 after the healthcare company reported second quarter revenue rose 2% to $25.4 billion from $24.9 billion last year. Net earnings in the quarter declined 8% to $215.4 million or 61 cents per diluted share compared to $234.5 million or 65 cents per share a year earlier.

CME Group Inc. (CME) declined 4.4% or $13.91 to $301.23 after the electronic trading company said fourth quarter net revenue soared 14% to $763 million from $667 million last year. Net income in the quarter fell 3% to $196 million or $2.93 per diluted share compared to $203 million or $3.04 per share in the prior year.

Revenue for the full year 2010 rose 15% to $3.0 billion from $2.6 billion a year ago. For the full year, the company''s net earnings soared 15% to $951 million or $14.31 per diluted share from $826 million or $12.41 per share in the prior year.

Cigna Corporation (CI) fell 0.8% or 36 cents to $41.90 after the health service organization reported fourth quarter consolidated revenue increased to $5.43 billion from $4.64 billion last year. Net income in the quarter was $461 million or $1.69 per diluted share compared to $330 million or $1.19 per share in the prior year.

Revenue for the full year 2010 increased 15% to $21.3 billion from $18.4 billion a year ago. For the full year, the company''s net income was $1.34 billion or $4.89 per diluted share from $1.30 billion or $4.73 per share in the prior year.

CVS Caremark Corporation (CVS) plunged 5.4% or $1.90 to $32.75 after the health care provider said fourth quarter net revenue decreased 4.1% to $24.8 billion from $25.8 billion last year. Net income in the quarter was $1.03 billion or 75 cents per diluted share compared to $1.05 billion or 74 cents per share in the prior year. Pharmacy Services segment revenues decreased 9.7% to $12.2 billion. Retail Pharmacy segment revenues increased 3.1% to $14.9 billion. Same store sales increased 1.7%.

Revenue for the full year 2010 fell 2.3% to $96.4 billion from $97.7 billion a year ago. For the full year, the company''s net earnings soared to $3.57 billion or $2.27 per diluted share from $1.15 billion or $1.00 per share in the prior year.

Goodrich Corporation (GR) fell 0.4% or 44 cents to $91.99 after the aerospace components supplier reported fourth quarter revenue surged 10% to $1.81 billion from $1.64 million last year. Net income in the quarter increased to $148 million or $1.16 per diluted share compared to net loss of $105 million or $0.82 per share a year earlier.

International Paper Company (IP) rose 0.8% or 25 cents to $29.62 after the paper and packaging company said fourth quarter sales rose to $6.5 billion from $6.0 billion last year. Net earnings in the quarter increased to $316 million or 73 cents per diluted share compared to net loss of $101 million or 24 cents per share a year earlier.

Sales for the full year 2010 increased to $25.2 billion from $23.4 billion a year ago. For the full year, the company''s net earnings decreased to $644 million or $1.48 per diluted share from $663 million or $1.55 per share in the prior year.

Kellogg Company (K) increased 1.9% or $1.00 to $51.36 after the ready-to-eat food maker company reported fourth quarter net sales fell 1% to $2.86 billion from $2.90 billion last year. Net income in the quarter increased to $189 million or 51 cents per diluted share compared to net loss of $176 million or 46 cents per share a year earlier.

Sales for the full year 2010 fell to $12.4 billion from $12.6 billion a year ago. For the full year, the company''s net income soared to $1.25 billion or $3.30 per diluted share from $1.21 billion or $3.16 per share in the prior year.

MasterCard Incorporated (MA) rose 0.4% or $1.11 to $240.50 after the payment solutions company reported fourth quarter net revenues increased 10.7% to $1.4 billion from $1.3 billion a prior year. Net income in the quarter increased 41.2% to $415 million or $3.16 per diluted share compared to $294 million or $2.24 per share a year ago.

Moody’s Corporation (MCO) fell 0.07% or 2 cents to $29.65 after the credit rating provider said fourth quarter revenue increased 16% to $564.3 million from $485.8 million a prior year. Net income in the quarter increased to $137.4 million or 58 cents per diluted share compared to $101.9 million or 43 cents per share a year ago.

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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