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STOCK MOVERS

U.S. Movers: Express Scripts, FirstEnergy, priceline, Sotheby’s, Walt Disney


Author: Mukesh Buch
ticker.com
Last Update: 10:47 AM ET August 08 2012

10:40 AM New York – Express Scripts second quarter revenues net plummeted 48.8%. priceline net surged 37.4%. Icahn Enterprises quarterly net declined 17%. Sotheby’s second quarter net plunged 33% and Walt Disney third quarter net jumped 24%.

CTC Media, Inc. (CTCM) gained 4.1% or 35 cents to $8.87 after the Russian television network operator reported net sales in the second quarter ending in June slid 8% to $187.6 million compared to $204.5 million in the same period of last year. Net income in the quarter slumped 11.7% to $34.0 million or 22 cents per diluted share compared to $38.5 million or 24 cents a share a year ago earlier.

Express Scripts Holding Company (ESRX) climbed 7% or $3.96 to $59.94 after the healthcare company reported revenues in the second quarter ending in June climbed 143.8% to $27.69 billion compared to $11.36 billion in the same period of last year. Net income in the quarter plummeted 48.8% to $170.9 million or 21 cents per diluted share compared to $334.2 million or 66 cents per share a year ago.

The company said gross profit surged 165% to $2.2 billion from a year ago and now expects adjusted earnings per share for fiscal 2012 in the range of $3.60 to $3.75.

FirstEnergy Corp (FE) fell 18 cents to $45.96 after the electricity provider reported revenues in the second quarter ending in June fell 4.7% to $3.87 billion compared to $4.06 billion in the same period of last year. Net income in the quarter slipped 7.9% to $187 million or 45 cents per diluted share compared to $203 million or 48 per share a year ago period.

FirstEnergy reaffirmed 2012 earnings guidance between $2.80 and $3.10 per share.

Icahn Enterprises L.P. (IEP) slipped 2.4% or 97 cents to $39.28 after the holding company reported revenues in the second quarter ending in June soared 34.1% to $4.21 billion compared to $3.14 billion in the same period of last year. Net income in the quarter declined 17% to $240 million or $2.29 per diluted share compared to $289 million or $3.15 per share a year ago earlier.

MGM Resorts International (MGM) decreased 2.5% or 26 cents to $9.82 after holding company reported revenues in the second quarter ending in June surged 27.4% to $2.51 billion compared to $1.97 billion in the same period of last year. Net loss in the quarter swung to $145.4 million or 30 cents per diluted share compared to net income of $3.44 million or $6.22 per share a year ago quarter.

priceline.com Inc (PCLN) plummeted 15.8% or $108.03 to $571.29 after the online travel company reported revenues in the second quarter ending in June increased 20.9% to $1.33 billion compared to $1.10 billion in the same period of last year. Net income in the quarter surged 37.4% to $352.3 million or $6.88 per diluted share compared to $256.4 million or $5.02 per share a year ago.

For the third quarter the traveling company expects non GAAP net income per share to be in the range of $11.10 to $12.10 and revenue growth of approx 9% to 15%.

Sotheby’s (BID) fell 30 cents to $30.47 after the auctioneer reported total revenues in the second quarter ending in June slipped 18% to $303.9 million compared to $369.8 million in the same period of last year. Net income in the quarter plunged 33% to $85.4 million or $1.24 per diluted share compared to $127.2 million or $1.81 a share a year ago earlier.

The Walt Disney Company (DIS) increased 1.2% or 61 cents to $50.37 after the entertainment company reported revenues in the third quarter ending in June rose 4% to $11.09 billion compared to $10.68 billion in the same period of last year. Net income in the quarter jumped 24% to $1.83 billion or $1.01 per diluted share compared to $1.48 billion or 77 cents per share a year ago.

Walt Disney said revenues for the media networks grew 3% to $5.1 billion and parks and resorts revenues climbed 9% to $3.4 billion where as studio entertainment revenues were essentially flat at $1.6 billion and interactive revenues declined 22% to $196 million.
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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