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STOCK MOVERS

U.S. Movers: AT&T, Allergan, Cobalt Intl, Dean Foods, Envision Healthcare


Author: Mukesh Buch
ticker.com
Last Update: 11:14 AM ET February 22 2016

11:10 AM New York AT&T plans to invest $10 billion in its global business solutions unit. Allergan net loss narrowed but revenues soared. Cobalt Intl net loss widened. Dean Foods net surged while revenues plunged. Envision Healthcare net plummeted. LTC Properties net declined 11% to $18 million.

Tollbooth Index jumped 125.52 or 1.2% to 10,247.28.

Earnings Review

AT&T Inc (T) rose 9 cents to $36.6 after the mobile company plans to invest about $10 billion in its global business solutions business to offer expanded services like wireless connectivity, cloud storage and security to companies.

In December quarter, the company said revenue in its business solutions segment declined 2.7% to $18.2 billion from a year ago and now estimated its overall capital expenditure in fiscal 2016 to total $22 billion.

Allergan Plc jumped 3.3% or $9.04 to $284.28 after the Ireland-based pharmaceutical company reported net revenue in the fourth-quarter ending in December soared 73.5% from a year ago to $4.20 billion.

Net loss in the quarter narrowed to $700.5 million or $1.78 per diluted share compared to $732.9 million or $3.34 per share from the same quarter last year.

Cobalt International Energy, Inc (CIE) jumped 4.8% or 10 cents to $2.20 after the exploration company said zero revenues in the fourth-quarter ending in December.

Net loss in the quarter widened to $486.9 million or $1.19 per diluted share compared to $216.6 million or 53 cents per share from the same quarter last year.

Dean Foods Co (DF) dropped 1.9% or 40 cents to $20.08 after the food and beverage company said revenue in the fourth-quarter ending in December plunged 15.8% from a year ago to $2.02 billion.

Net income in the quarter surged to $18.5 million or 20 cents per diluted share compared to $5.3 million or 6 cents per share from the same quarter last year.

Dean Foods estimated diluted earnings per share in the first-quarter in the range of 32 cents to 42 cents.

Envision Healthcare Holdings Inc (EVHC) surged 5.5% or $1.16 to $22.19 after the outsourced medical services provider stated net revenue in the fourth-quarter ending in December advanced 28% from a year ago to $1.48 billion.

Net income in the quarter plummeted 16% to $41.9 million or 22 cents per diluted share compared to $49.9 million or 26 cents per share from the same quarter last year.

Education Realty Trust, Inc (EDR) rose 3 cents to $39.40 after the housing complex developer said total revenue in the fourth-quarter ending in December jumped 13.5% from a year ago to $75.5 million.

Net income in the quarter dropped 33.9% to $14.8 million or 27 cents per diluted share compared to $22.4 million or 47 cents per share from the same quarter last year.

LTC Properties Inc (LTC) slid 5 cents to $43.08 after the health care real estate developer reported total revenue in the fourth-quarter ending in December surged 21.4% from a year ago to $37.4 million.

Net income in the quarter declined 11% to $17.8 million or 48 cents per diluted share compared to $20 million or 57 cents per share from the same quarter last year.

PDC Energy Inc (PDCE) soared 4.7% or $2.17 to $50.87 after the oil and gas explorer stated total revenue in the fourth-quarter ending in December tumbled 58.6% from a year ago to $168.6 million.

Net income in the quarter plunged to $3 million or 7 cents per diluted share compared to $131.8 million or $3.64 per share from 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