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STOCK MOVERS

U.S. Movers: Anthem, ADP, Baxter Intl, Estee Lauder GM, Facebook, Kellogg


Author: Mukesh Buch
ticker.com
Last Update: 1:47 PM EDT October 31 2018

1:35 PM New York City, New York Anthem net surged on revenues growth. ADP lifted fiscal outlook. Baxter net surged after sales in the U.S. advanced. Estee Lauder net Soared. GM beats earnings estimates. Facebook advertising revenues surged. Kellogg declined on weak segment revenues.

Tollbooth Index soared 388.89 or 2.6% to 15,456.27 but for the year-to-date soared 12.3%.

Earnings Review

Anthem, Inc (ANTM) advanced 2.5% or $6.61 to $272.10 after the health insurance services provider reported total revenues in the third-quarter ending in September increased 3.7% from a year ago to $23.3 billion.

Net income in the quarter jumped 28.5% to $960 million or $3.62 per diluted share from $747 million or $2.80 in the same quarter last year.

The insurer forecasted fiscal 2018 revenue in the range of $91 billion to $92 billion and diluted earnings per share of above $14.46.

Ameren Corp (AEE) fell 39 cents to $64.61 after the electricity and natural gas provider said revenues in the third-quarter ending in September were flat from a year ago to $1.7 billion.

Net income in the quarter soared 24% to $357 million or $1.45 per diluted share from $288 million or $1.18 in the same quarter last year.

Automatic Data Processing Inc (ADP) jumped 4.9% or $6.76 to $144.02 after the administration services provider reported revenues in the first-quarter ending in September soared 8% from a year ago to $3.3 billion.

Net income in the quarter surged 22.5% to $505.4 million or $1.15 per diluted share from $412.6 million or 93 cents in the same quarter last year.

ADP lifted fiscal 2019 revenues growth forecast to between 6% and 7% from the earlier estimate of 5% to 7% and diluted earnings per share in the range of 15% to 17% from the earlier estimate of 13% to 15%.

Baxter International Inc (BAX) plunged 9.7% or $6.66 to $62 after the medical products provider said total revenues in the third-quarter ending in September rose 2% from a year ago to $2.8 billion.

Net income in the quarter more than doubled to $544 million or $1 per diluted share from $251 million or 45 cents in the same quarter last year.

Baxter said sales in the U.S. jumped 4% to $1.2 billion and international sales rose 1% to $1.6 billion.

The Estee Lauder Companies Inc (EL) advanced 3.4% or $4.51 to $135.73 after the skin care, makeup and fragrance products maker reported revenues in the first-quarter ending in September jumped 8% from a year ago to $3.5 billion.

Net income in the quarter soared 17% to $500 million or $1.34 per diluted share from $427 million or $1.14 in the same quarter last year.

Estee Lauder forecasted fiscal 2019 net sales growth between 4% and 5% and diluted net earnings per share in the range of $4.40 and $4.53.

General Motors Co (GM) surged 7.4% or $2.50 to $36.04 after the automobiles maker said revenues in the third-quarter ending in September advanced 6.4% from a year ago to $35.8 billion.

Net in the quarter swung to profit $2.5 billion or $1.75 per diluted share from a loss of $3 billion or $2.03 in the same quarter last year.

GM forecasted fiscal 2018 diluted earnings per share in the range of $4.82 to $5.22.

Facebook Inc (FB) jumped 3.2% or $4.72 to $150.94 after the online social networking services provider reported total revenues in the third-quarter ending in September surged 33% from a year ago to $13.7 billion.

Net income in the quarter jumped 9% to $5.1 billion or $1.76 per diluted share from $4.7 billion or $1.59 in the same quarter last year.

Facebook said advertising revenues soared 33% to $13.5 billion and daily active users advanced 9% to 1.49 billion and monthly active users jumped 10% to 2.27 billion from a year ago period.

FB said total expenses in the quarter surged 53% to $5.8 billion after heavy spend on research and development and marketing.

Kellogg Company (K) declined 7.4% or $5.30 to $66.56 after the ready-to-eat cereal and convenience foods maker said sales in the third-quarter ending in September increased 7% from a year ago to $3.5 billion.

Net income in the quarter surged 19% to $396 million or $1.09 per diluted share from $4.7 billion or $1.59 in the same quarter last year.

Kellogg''s said sales jumped in North America but dropped in the U.S. in snacks segment and morning foods division.

Kellogg forecasted fiscal 2018 net sales growth of 5% and earnings per share growth in the range of 7% to 8%.
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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