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Market Update

ViaSat climbs; Humana, Intercept Pharma, Nvidia, Disney Plunge


Author: Mukesh Buch
ticker.com
Last Update: 10:53 AM ET November 07 2014

11:00 AM New York ArcelorMittal net swung to profit. Humana net plunged 66% but revenues climbed 20%. Northeast Utilities net climbed 12% to $235 million. Nvidia profit soared 45% on 16% increase in revenue. Walt Disney profit soared 8%.

Tollbooth Index edged up 0.05% or 4.71 to 9,731.29.

Earnings Review

ArcelorMittal SA (MT) rose 0.3% or 4 cents to $12.42 after the steel producer reported sales in the third-quarter ending in September advanced 2% to $20.07 billion from a year ago period.

Net in the quarter swung to profit $22 million or 1 cent a diluted share compared to a loss of $193 million or 12 cents from a same quarter last year.

Consolidated Edison, Inc (ED) gained 1.3% or 82 cents to $63.44 after the electricity, natural gas and steam supplier stated sales in the third-quarter ending in September slipped 2.6% to $3.39 billion from a year ago period. Comparable store sales in the quarter increased 1.5%.

Net income in the quarter declined 6% to $436 million or $1.48 a diluted share compared to $464 million or $1.58 from a same quarter last year.

Humana Inc (HUM) declined 4.3% or $6.01 to $133.86 after the healthcare products maker stated total revenues in the third-quarter ending in September climbed 19.7% to $12.2 billion from a year ago period.

Net income in the quarter plunged 66.2% to $290 million or $1.85 a diluted share compared to $368 million or $2.31 from a same quarter last year.

Intercept Pharmaceuticals Inc (ICPT) tumbled 27.8% or $68.58 to $178.40 after the biopharmaceutical company reported revenue in the third-quarter ending in September soared 9% to $405 million from a year ago period.

Net loss in the quarter widened to $35.8 million or $1.69 a diluted share compared to $31.7 million or $1.65 from a same quarter last year.

Northeast Utilities System (NU) gained 47 cents to $49.97 after the energy distributor said revenue in the third-quarter ending in September was flat at $1.89 billion from a year ago period.

Net income in the quarter climbed 12% to $234.6 million or 74 cents a diluted share compared to $209.5 million or 37 cents from a same quarter last year.

Nvidia Corporation (NVDA) dropped 2.4% or 49 cents to $19.74 after the graphic chip maker reported revenue in the third-quarter ending in September surged 16% to $1.23 billion from a year ago period.

Net income in the quarter soared 45% to $173 million or 31 cents a diluted share compared to $119 million or 20 cents from a same quarter last year.

ViaSat, Inc (VSAT) soared 5.1% or $3.09 to $63.35 after the high-speed broadband services provider said revenues in the second-quarter ending on October 3 rose 1% to $358.8 million from a year ago period.

Net income in the quarter surged to $23.9 million or 50 cents a diluted share compared to $1.9 million or 4 cents from a same quarter last year.

Walt Disney Co (DIS) declined 2.9% or $2.61 to $89.39 after the diversified entertainment company reported revenue in the third-quarter ending in September jumped 7% to $12.40 billion from a year ago period.

Net income in the quarter soared 8% to $1.50 billion or 86 cents a diluted share compared to $1.39 billion or 77 cents from a same quarter last year.

Media Networks division revenues for the quarter rose 5% to $5.2 billion and revenue from parks and resorts segment increased 7% to $4 billion. Consumer Products division revenues for the quarter increased 7% to $1.1 billion.

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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