S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
STOCK MOVERS

U.S. Movers: Ameren, DISH Network, Kraft Heinz, Noble Energy, Western Union


Author: Mukesh Buch
ticker.com
Last Update: 12:46 PM EDT August 03 2018

12:45 PM New York City, New York Ameren lifted fiscal 2018 earnings outlook. DISH Network beats revenue estimate despite a decline in subscriber base. HMS Holdings The Kraft Heinz net tumbled on higher costs. Noble Energy missed earnings estimates. Western Union declined on weak forecast.

Tollbooth Index jumped 120.13 or 0.8% to 15,754.30 but for the year-to-date soared 14.5%.

Earnings Review

Ameren Corp (AEE) increased 61 cents to $62.38 after the electricity and gas transmission services provider said revenues in the second-quarter ending in June rose 1.3% from a year ago to $1.6 billion.

Net income in the quarter soared 23.7% to $240 million or 97 cents per diluted share from $194 million or 79 cents in the same quarter last year.

Ameren lifted fiscal 2018 diluted earnings per share forecast in the range of $3.15 to $3.35 from the earlier estimate of $2.95 to $3.15.

DISH Network Corporation (DISH) surged 7.3% or $2.19 to $32.05 after the pay-TV services provider said revenues in the second-quarter ending in June grew 1.2% from a year ago to $3.5 billion.

Net income in the quarter surged to $439 million or 83 cents per diluted share from $40 million or 9 cents in the same quarter last year.

The pay-TV services provider said as of June 30, Pay-TV subscribers dropped to 12.997 million from 13.332 million in the same period a year ago.

In the quarter, net Pay-TV subscribers declined approx 151,000 subscribers compared to a decline of 196,000 in the same period a year ago.

HMS Holdings Corp (HMSY) surged 16.7% or $4.14 to $29 after the healthcare insurance provider stated revenues in the second-quarter ending in June jumped 3.8% from a year ago to $146.8 million.

Net in the quarter swung to a loss of $3.4 million or 4 cents per diluted share from profit of $6.4 million or 7 cents in the same quarter last year.

The insurer lifted fiscal 2018 revenues forecast in the range of $575 million to $585 million from the earlier estimate of $560 million and $570 million.

The healthcare services provider lowered fiscal 2018 net income forecast between $23 million to $26 million from the earlier estimate of $29 million to $33 million.

The Kraft Heinz Company (KHC) soared 8.9% or $5.31 to $64.71 after the food and beverage maker reported net sales in the second-quarter ending in June increased 0.7% from a year ago to $6.7 billion.

Net income in the quarter tumbled 34.8% to $756 million or 62 cents per diluted share from $1.2 billion or 94 cents in the same quarter last year.

In a conference call with investors, chief financial officer David Knopf said higher costs, transportation freight, packaging, foil and aluminum costs leads profit declines.

Noble Energy Inc (NBL) declined 7.8% or $2.80 to $32.92 after the oil and gas producer said revenues sales in the second-quarter ending in June jumped 9.1% from a year ago to $1.2 billion.

Net loss in the quarter narrowed to $23 million or 5 cents per diluted share from $1.5 billion or $3.20 in the same quarter last year.

The Western Union Company (WU) plummeted 5.9% or $1.21 to $19.39 after the money transfers services provider said revenues in the second-quarter ending in June advanced 2% from a year ago to $1.4 billion.

Net income in the quarter surged 34% to $217.6 million or 47 cents per diluted share from $166.5 million or 35 cents in the same quarter last year.

Western Union lowered fiscal 2018 revenues forecast to low single-digit increase from the earlier estimate of low to mid-single digit increase and operating margin of about 20%.

The company lifted diluted earnings per share in the range of $1.82 to $1.92 from the earlier estimate of $1.81 to $1.91.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc