11:25 AM New York – CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million.
CA, Inc. (
CA) decreased 1.3% or 36 cents to $26.05 after the IT management software and solutions company said fourth quarter revenues climbed 5% to $1.19 billion compared to $1.13 billion a year ago. Net income in the quarter gained 13% to $211 million or 45 cents per diluted share compared to net income of $188 million or 37 cents per share last year.
For fiscal year 2012 revenues increased 9% to $4.814 billion and net income climbed 14% to $938 compared to net income of $823 in the prior year.
Copano Energy, L.L.C. (
CPNO) slipped 2.7% or 81 cents to $30.09 after the energy company reported first quarter revenue rose 16% to $337.2 million compared to $289.9 million in the same period last year. Net loss in the quarter widened to $147.7 million or $2.20 per diluted share compared to $3.5 million or 7 cents per share a year ago earlier.
Dillard''s, Inc. (
DDS) advanced 7.8% or $5.20 to $71.39 after the fashion specialty retailer reported first quarter net sales rose 5.4% to $1.55 billion compared to $1.47 billion in the same period last year. Comparable store sales increased 5%.
Net earnings in the quarter increased 2.9% to $95.0 million or $1.89 per diluted share compared to $76.7 million or $1.31 per share a year ago.
Enerplus Corporation (
ERF) fell 7 cents to $16.75 after the Canada based oil and gas explorer reported first quarter revenue rose 16% to $339.0 million compared to $318.7 million in the same period last year. Net loss in the quarter swung to $33.8 million or 18 cents per diluted share compared to $29.5 million or 16 cents per share a year ago earlier.
Gordmans Stores, Inc. (
GMAN) gained 4.5% or 81 cents to $18.76 after the specialty store operator reported first quarter net sales grew 13.8% to $133.9 million compared to $117.7 million in the same period last year. Comparable store sales increased 4.7%. Net income in the quarter increased 10.6% to $8.1 million or 41 cents per diluted share compared to $7.3 million or 38 cents per share a year ago quarter.
JPMorgan Chase & Co. (
JPM) declined 7.7% or $3.16 to $37.58 after the financial holding company reported in a regulatory filing a surprise loss of $2 billion linked to mark to market securities in its proprietary trading account involving derivatives.
McDermott International, Inc. (
MDR) surged 15.8% or $1.57 to $11.46 after the engineering and construction company reported first quarter revenue decreased 19% to $727.68 million from $899.24 million in the same quarter last year. Net income in the quarter declined 11% to $62.76 million or 26 cents per diluted share compared to net income of $70.42 million or 30 cents per share in the prior-year quarter.
Nvidia Corporation (
NVDA) soared 8.4% or $1.05 to $13.47 after the graphics chip maker reported first quarter revenue fell 4% to $924.9 million compared to $962.0 million in the same period last year. Net income in the quarter declined 55.3% to $60.4 million or 10 cents per diluted share compared to $135.2 million or 22 cents per share a year ago period.
Revenue outlook for the second quarter is expected to be between $990 million and $1.05 billion.
Nordstrom, Inc. (
JWN) decreased 2.7% or $1.48 to $52.05 after the fashion specialty retailer reported first quarter net sales soared 13.7% to $2.53 billion compared to $2.23 billion in the same period last year. Same store sales increased 8.5%.
Net earnings in the quarter increased 2.9% to $149 million or 70 cents per diluted share compared to $145 million or 65 cents per share a year ago.
Nuance Communications, Inc. (
NUAN) fell 3 cents to $23.06 after the voice and language solution provider reported second quarter revenue soared 22.4% to $390.3 million compared to $319.0 million in the same period last year. Net income in the quarter falls to $0.9 million or break even per diluted share compared to $1.7 million or 1 cent per share a year ago.
Panasonic Corporation (
PC) slides 2% or 15 cents to $7.06 after the Japan-based electronics manufacturer reported fiscal year 2012 net sales dropped 10% to 7.85 trillion yen from 8.69 trillion yen a year ago. Net loss for the year was 772.17 billion yen compared to a net profit of 74.02 billion yen reported last year. Loss per basic share was 333.96 yen compared to profit per share of 35.75 yen in the prior year.
Sotheby’s (
BID) decreased 1.3% or 45 cents to $33.59 after the auctioneer reported first quarter revenue fell 12% to $105.0 million compared to $119.6 million in the same period last year. Net loss in the quarter swung to $10.7 million or 16 cents per diluted share compared to net income of $2.4 million or 3 cents per share a year ago.