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Market Update

U.S. Movers: Cognizant, Cigna, Noble Energy, Sprint, Teradata, NY Times


Author: Mukesh Buch
ticker.com
Last Update: 10:35 AM ET February 07 2013

10:25 AM New York Cognizant fourth quarter net climbed 16%. Cigna net surged 49% and lifted outlook. Noble Energy net swung to $251 million profit. Sprint loss widened. Teradata net jumped 15% and New York Times net surged more than three-fold.

Cognizant Technology Solutions Corporation (CTSH) gained 40 cents to $76.67 after the outsourcing service provider said revenue in the fourth quarter ending in December jumped 17% to $1.95 billion from $1.66 billion in the same period of last year. Net income in the quarter climbed 16% to $278.8 million or 92 cents per diluted share compared to $240.1 million or 78 cents a share a year ago earlier.

The company expects first quarter revenue to be about $2.0 billion and diluted earnings per share nearly 92 cents. Full year revenue to be at least $8.60 billion, growth of 17% compared with 2012.

Cigna Corporation (CI) rose 45 cents to $60.12 after the health service provider reported total revenues in the fourth quarter ending in December climbed 41% to $7.62 billion from $5.42 billion in the same period of last year. Net income in the quarter surged 49% to $406 million or $1.41 per diluted share compared to $273 million or 98 cents a share a year ago.

Cigna lifted outlook for full year and expects consolidated adjusted income from operations in the range of $1.70 billion to $1.83 billion or $5.85 to $6.30 per share.

Msci Inc (MSCI) slipped 3.6% or $1.26 to $33.41 after the investment service provider stated revenues in the fourth quarter ending in December grew 9% to $247.1 million from $226.1 million in the same period of last year. Net income in the quarter climbed 22% to $54.5 million or 44 cents per diluted share compared to $44.5 million or 36 cents a share a year ago quarter.

Noble Energy, Inc. (NBL) gained 67 cents to $113.99 after the oil and gas explorer reported total revenues in the fourth quarter ending in December climbed 41% to $1.17 billion from $897 million in the same period of last year. Net income in the quarter swung to $251 million or $1.39 per diluted share compared to net loss of $296 million or $1.67 a share a year ago.

Sprint Nextel Corporation (S) fell 3 cents to $5.74 after the communication company reported total revenues in the fourth quarter ending in December climbed 41% to $9 billion from $8.76 billion in the same period of last year. Net loss in the quarter widened to $1.32 billion or 44 cents per diluted share compared to $1.30 billion or 43 cents a share a year ago period.

The Sprint expects 2013 adjusted OIBDA to be between $5.2 billion and $5.5 billion and continues to have 12,000 sites by the end of the first quarter of 2013.

Snap-on Inc (SNA) slipped 1.2% or 97 cents to $80.01 after the tools and equipments maker said sales in the fourth quarter ending in December rose 2% to $753.2 million from $736.6 million in the same period of last year. Net earnings in the quarter jumped 14% to $84.6 million or $1.43 per diluted share compared to $74.3 million or $1.27 a share a year ago earlier.

Teradata Corporation (TDC) dropped 6.6% or $4.43 to $62.12 after the data analytic solution provider stated total revenues in the fourth quarter ending in December increased 10% to $740 million from $673 million in the same period of last year. Net earnings in the quarter soared 15% to $112 million or 66 cents per diluted share compared to $98 million or 57 cents a share a year ago earlier.

Towers Watson & Co. (TW) climbed 4% or $2.51 to $64.33 after the professional services provider reported revenues in the second quarter ending in December jumped 8% to $946.2 million from $879.7 million in the same period of last year. Net income in the quarter climbed 23% to $82.3 million or $1.15 per diluted share compared to $66.9 million or 92 cents a share a year ago earlier.

Towers Watson lifted its fiscal 2013 adjusted earnings per share estimate between $5.28 and $5.38 on revenue of $3.6 billion to $3.65 billion.

The New York Times Company (NYT) surged 12.5% or $1.03 to $9.27 after the printing and publishing company said total revenues in the fourth quarter ending in December advanced 5% to $575.8 million from $547.4 million in the same period of last year. Net income in the quarter surged more than three-fold to $176.9 million or $1.14 per diluted share compared to $58.9 million or 39 cents a share a year ago quarter.

The media company expects first quarter total circulation revenues to increase in the mid-single digits.

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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