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STOCK MOVERS

U.S. Movers: Apollo Global, Carmike, Danaher, Kimberly Clark, Roper, Sprint


Author: Mukesh Buch
ticker.com
Last Update: 12:56 PM ET July 25 2016

12:50 PM New York – Apollo Global agreed to buy Outerwall. Carmike accepted the revised merger offer from AMC Theatres. Kimberly Clark net swung to profit. Roper net slumped 8% but revenues jumped 5%. Sprint net loss widens but reported record first-quarter subscriber growth.

Tollbooth Index decreased 28.17 or 0.3% to 10,977.74.

Earnings Review

Apollo Global Management LLC (APO) rose 2 cents to $16.57 after the investment manager agreed to acquire Outerwall Inc, the owner of Redbox video rental kiosks for about $895 million.

Carmike Cinemas, Inc (CKEC) slipped 1.2% or 38 cents to $30.75 after the motion picture exhibitor agreed to accept revised higher offer by AMC Theatres for combination of cash and stock for approximately $1.2 billion.

However, the original cash offer was of $30 per share and the transaction is expected to complete by the end of this year.

Danaher Corporation (DHR) fell 63 cents to $80.61 after the industrial and medical products maker said total revenues in the second-quarter ending in June soared 16.5% from a year ago to $5.8 billion.

Net income in the quarter declined 5.6% to $656.7 million or 94 cents per diluted share compared to $695.7 million or 97 cents per share from the same quarter last year.

In the third-quarter, Danaher forecasted GAAP diluted net earnings per share between 47 cents and 51 cents.

The industrial and medical products maker estimated diluted net earnings per share in the year in the range of $2.79 to $2.86.

E*TRADE Financial Corp (ETFC) dropped 3.2% or 83 cents to $24.98 after the financial services provider said it plans to acquire the parent of online brokerage firm OptionsHouse for $725 million in cash.

Kimberly Clark Corp (KMB) slipped 1.7% or $2.33 to $132.34 after the sanitary products maker reported total revenues in the second-quarter ending in June fell 1% from a year ago to $4.6 billion.

Net in the quarter swung to profit $566 million or $1.56 per diluted share compared to $305 million or 83 cents per share from the same quarter last year.

The sanitary products maker affirmed diluted earnings per share for the full-year 2016 in the range of $5.92 to $6.15.

Roper Technologies Inc (ROP) plunged 6.1% or $10.60 to $162.73 after the industrial equipment maker stated revenues in the second-quarter ending in June jumped 5% from a year ago to $931.6 million.

Net income in the quarter slumped 7.7% to $158.1 million or $1.54 per diluted share compared to $171.3 million or $1.28 per share from the same quarter last year.

Roper forecasted diluted net earnings per share in the year between $6.57 and $6.71 and revenue in the second half to increase in the range of 7% to 9%.

Sprint Corp (S) surged 23.1% or $1.07 to $5.68 after the wireless communication services provider said revenues in the second-quarter ending in June slid 0.2% from a year ago to $8.01 billion.

Net loss in the quarter widened to $302 million or 8 cents per diluted share compared to $20 million or 1 cent per share from the same quarter last year.

Verizon Communications Inc (VZ) decreased 40 cents to $55.70 after the Wall Street Journal said wireless network services provider agreed to acquire Yahoo’s core internet business for about $4.8 billion.
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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