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STOCK MOVERS

U.S. Movers: BlackRock, Barracuda, Delta Air Lines, Fastenal, JetBlue Airways


Author: Mukesh Buch
ticker.com
Last Update: 12:52 PM EDT October 11 2017

12:45 PM New York BlackRock revenues gained as assets surged closed to $6 trillion. Barracuda net plummeted but revenues increased. Delta Air Lines estimated higher earnings despite Hurricane Irma related charges. Fastenal margins disappointed analysts. JetBlue September traffic fell 4.4%.

BlackRock, Inc (BLK) gained $4.11 to $469.60 after the investment manager said revenues in the third-quarter ending in September soared 14% from a year ago to $3.2 billion.

Net income in the quarter jumped 8% to $947 million or $5.78 per diluted share from $875 million or $5.26 in the same quarter last year.

BlackRock said net inflows in the quarter surged 37.7% to $96 billion and long-term net inflows increased $76 billion from a year ago period.

The investment manager said as of September 30, assets under management jumped 10% to $5.98 trillion driven by the rise in equity markets and demand for exchange-traded funds.

Barracuda Networks Inc (CUDA) tumbled 10.6% or $2.73 to $23.01 after the security and data protection solution provider stated total revenues in the second-quarter ending in August increased 7% from a year ago to $94.3 million.

Net income in the quarter plummeted 33% to $1.6 million or 3 cents per diluted share from $2.4 million or 5 cents in the same quarter last year.

Delta Air Lines (DAL) rose 31 cents to $53.01 after the passengers and cargo airliner reported revenues in the third-quarter ending in September jumped 5.5% from a year ago to $11.1 billion.

Net income in the quarter declined 6% to $1.2 billion or $1.64 per diluted share from $1.3 billion or $1.69 in the same quarter last year.

The airliner was forced to cancel more than 2,000 flights during Hurricane Irma related disruption at the hub in Atlanta.

Delta said passenger revenue per available seat mile in the quarter increased 1.9% and the airline forecasted the revenues to jump between 2% to 4% in the fourth-quarter.

Fastenal Company (FAST) slipped 1.6% or 73 cents to $44.18 after the industrial and construction equipment supplier said net sales in the third-quarter ending in September advanced 9.6% from a year ago to $3.3 billion.

Net income in the quarter soared 10.8% to $426.2 million or $1.48 per diluted share from $384.6 million or $1.33 in the same quarter last year.

JetBlue Airways Corporation (JBLU) increased 1.8% or 36 cents to $20.59 after the passenger airliner said traffic in September decreased 4.4% and capacity fell 0.9% and the load factor decreased 3 percentage points to 80.2% from September 2016.

After unprecedented weather in the quarter, the airliner said revenue was negatively impacted by $44 million and operating income was reduced between $30 million and $35 million and diluted earnings per share in the range of 6 cents to 7 cents.

VOXX International Corp (VOXX) plunged 21.2% or $1.83 to $6.78 after the automobile parts and accessories provider said net sales in the second-quarter ending in August slumped 4.1% from a year ago to $113.5 million.

Net income in the quarter surged to $17.1 million or 71 cents per diluted share from $3 million or 12 cents in the same quarter last year.
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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