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Market Update

U.S. Movers: Cisco, Kohlís, Estee Lauder, NetApp, Perrigo, Wal-Mart


Author: Mukesh Buch
ticker.com
Last Update: 11:18 AM ET August 15 2013

11:15 AM New York Ė Cisco net soared 18% as revenue jumped. Kohlís rose 4% to $231 million as sales rose. Estee Lauder profit surged 84% after revenue climbed 7%. NetApp net surged 28% and Perrigo net climbed 11%. Wal-Mart net rose 1% to $4.07 billion and lowered fiscal outlook.

Cisco Systems, Inc. (CSCO) plunged 7.3% or $1.93 to $24.46 and the network equipment maker reported revenue in the fourth quarter ending on July 27 jumped 6% to $12.4 billion. Net income in the quarter soared 18% to $2.3 billion or 42 cents a diluted share compared to $1.9 billion or 36 cents.

The company added gross margin in the fourth quarter rose 3% to $7.3 billion and operating income climbed 17% to $2.8 billion.

CACI International Inc (CACI) slipped 1.7% or $1.14 to $67.61 after the simulation technology company stated total revenue in the fourth quarter ending in June fell 4% to $912.9 million. Net income in the quarter slipped 13% to $37.9 million or $1.56 a diluted share compared to $43.4 million or $1.59.

For the year, the company expects revenues in the range of $3.50 billion to $3.70 billion and net income between $142 million and $152 million and diluted earnings per share in the range of $5.70 to $6.10.

Kohlís Corporation (KSS) surged 5.6% or $2.82 to $53.64 after the retailer reported net sales in the second quarter ending on August 3 gained 2% to $4.29 billion. Comparable store sales in the quarter rose 0.9%.

Net income in the quarter rose 4% to $231 million or $1.04 a diluted share compared to $240 million or $1.

For the third quarter, the company expects diluted earnings per share in the range of 83 cents to 92 cents.

The Estee Lauder Companies Inc (EL) climbed 4.4% or $2.89 to $68.02 after the hair care products maker stated net sales in the fourth quarter ending in June climbed 7% to $2.41 billion. Net earnings in the quarter surged 84% to $95.9 million or 24 cents a diluted share compared to $52.2 million or 13 cents.

Gross profit in the fourth quarter climbed 7% to $1.93 billion and operating income soared 99% to $145.8 million.

For the first quarter, the company expects diluted earnings per share in the range of 67 cents to 71 cents.

For the year, the company expects diluted earnings per share between $2.74 and $2.87.

NetApp, Inc. (NTAP) fell 1.4% or 58 cents to $41.76 after the information technology company said total revenue in the first quarter ending in June advanced 5% to $1.52 billion. Net income in the quarter surged 28% to $82 million or 23 cents a diluted share compared to $64 million or 17 cents.

For the second quarter, NetApp expects total revenue in the range of $1.56 billion to $1.66 billion and diluted earnings per share between 41 cents to 46 cents.

Perrigo Company (PRGO) slid 1.9% or $2.42 to $123.99 and generic drug maker reported net sales in the fourth quarter ending on June 29 jumped 16% to $967.2 from $831.8 a year earlier. Net income in the quarter climbed 10.6% to $118.5 million or $1.25 a diluted share compared to $107.1 million or $1.14.

For the fiscal 2014, the company lifted diluted earnings per share guidance between $5.51 and $5.76 from $4.68 in fiscal 2013.

Silver Wheaton Corp. (SLW) gained 1.2% or 31 cents to $25.45 after the Canada-based mining company reported sales in the second quarter ending in June plunged 17% to $166.9 million. Net income in the quarter plunged 50% to $71.1 million or 20 cents a diluted share compared to $141.4 million or 40 cents.

Wal-Mart Stores, Inc (WMT) dropped 2.3% or $1.78 to $74.62 after the specialty retailer said net sales in the second quarter ending on August 3 grew 3% to $116.2 billion. Comparable store sales in the quarter slid 0.3%.

Net income in the quarter rose 1% to $4.07 billion or $1.24 a diluted share compared to $4.02 billion or $1.18. The company added operating income rose 1.4% to $6.8 billion.

For the third quarter, Wal-Mart expects diluted earnings per share between $1.11 and $1.16.

For the year, the company lowered diluted earnings per share in the range of $5.20 to $5.40.

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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