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Stocks To Watch: Anheuser-Busch, Boston Scientific, Comcast, Exxon Mobil, GM

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Stocks to watch for Friday, February 2

  • Administaff (ASF) said its board has approved raising the quarterly cash dividend 22% to 11 cents per share. The dividend is payable March 30 to stockholders as of March 5.
  • Amazon (AMZN) is easing spending growth amid strength in its core Internet-retail business. Revenue rose 34% last quarter, but net slid 51%, hurt by higher taxes.
  • Ameristar Casinos (ASCA) reported fourth-quarter net earnings of $17.8 million, or 31 cents a share, up 25% from $14.3 million, or 25 cents a share, during the year-ago period. The company posted net revenue of $244 million vs. $243.8 million.
  • Anheuser-Busch's (BUD) profit jumped 31%, boosted by strong gains in a foreign-equity stake as well as a lower tax rate. Net sales rose 1.8%.
  • Atmel (ATML) said its fourth-quarter sales rose 4% to $408.9 million from a year ago, below Wall Street's target. The chipmaker said customers changed orders late in the quarter to balance inventory.
  • Baldor Electric (BEZ) reported fourth-quarter net earnings of $12.2 million, or 37 cents a share, compared with $13.1 million, or 39 cents a share, in the same period last year, as expenses rose.
  • Boston Scientific's (BSX) net fell 17% due to higher expenses and a drop-off in stent sales amid continued concerns about a possible link to dangerous blood clots.
  • Brookfield Homes (BHS) said fourth-quarter net income fell, as home closings and lot sales declined, to $58.8 million, or $2.19 a share, from $129.6 million, or $4.36 a share, during the same period in the prior year.
  • CA Inc. (CA) said its third-quarter net income fell 14%, as the company continues to restructure through acquisitions and cost cuts.
  • Comcast (CMCSA) is increasing its spending on rolling out phone and other new telecom services. The cable company also reported that net nearly tripled.
  • Dell was accused in an investor lawsuit of improper accounting in its longtime partnership with Intel and of allegedly taking kickbacks from the chip maker
  • Digene (DIGE) said second-quarter net income rose, as revenue gained, to $6.1 million, or 25 cents a share, from $3 million, or 14 cents a share, during the same period in the prior year. Before items, quarterly per-share income rose to 27 cents from 23 cents.
  • Electronic Arts (ERTS) said earnings fell 38% in the December quarter as video game sales stayed flat with the previous year due to a lack of hit titles during the holiday shopping period.
  • Exxon Mobil's (XOM) profit rose 9.3% last year to $39.5 billion, an apparent record for a U.S. company. Shell's quarterly net climbed 21% and it posted full-year earnings of $25.44 billion.
  • Gap (GPS) named Marka Hansen, a 20-year veteran of the company who heads its Banana Republic unit, to lead the largest and most important division, the Gap stores.
  • General Motors (GM) an Ford (F) suffered sharp sales declines, pulling January's overall vehicle sales down 4.6%. Japanese rivals Toyota and Honda reported increases
  • Genworth Financial (GNW) said fourth-quarter net income came in at $373 million, or 81 cents a share, up 21% from a year earlier when the life insurer made $307 million, or 64 cents a share.
  • Hain Celestial Group (HAIN) said second-quarter net income rose, due in part to robust sales, to $14.8 million, or 36 cents a share, from $12.3 million, or 32 cents a share, during the same period in the prior year.
  • Hilton Hotels (HLT) said it has named Thomas Keltner as chief executive of Americas and global brands, effective March 1.
  • Home Depot (HD) said Dennis Donovan, executive vice president of human resources, and General Cousel Frank Fernandez have resigned.
  • IMS Health (RX) reported fourth-quarter net earnings of $65.5 million, or 32 cents a share, down 27% from $89.4 million, or 38 cents a share, in the same quarter a year earlier. Revenue totaled $543.5 million in the latest quarter compared with $477.7 million last year.
  • InfoSpace (INSP) reported fourth-quarter net earnings of $30 million, or 91 cents a share, compared with $37.9 million, or $1.13 a share, in the same period last year, as expenses rose.
  • InfoUSA (IUSA) said fourth-quarter net income rose, as revenue gained, to $11 million, or 20 cents a share, from $8 million, or 15 cents a share, during the same period in the prior year.
  • Longs Drug Stores (LDG) turned in better-than-expected January sales results. Sales at stores open longer than a year, the industry benchmark known as same-store sales, were up 3.4%, ahead of the 2% increase expected by analysts.
  • Mack-Cali Realty (CLI) said it has agreed to sell 4.65 million shares of common stock through an underwritten public offering.
  • Mid-America Apartment Communities (MAA) reported fourth-quarter net earnings of $4.3 million, compared with $3.61 million in the same period last year. The real estate investment trust said property revenue rose 9.3% to $84.8 million from $77.6 million.
  • Neurocrine Biosciences (NBIX) reported a fourth-quarter net loss of $14.7 million, or 39 cents a share, compared with a net loss of $23.9 million, or 65 cents a share, during the year-ago period.
  • Owens & Minor (OMI) increased its quarterly cash dividend 13.3% to 17 cents from 15 cents a share. The dividend is payable on March 30 to shareholders of record as of March 15.
  • Sapient (SAPE) said it has named Preston Bradford chief operations and administrative officer. The provider of consulting services also said Chief Operating Officer Sheeroy Desai will leave the company on March 31.
  • SigmaTel (SGTL) reported a fourth-quarter net loss of $98.7 million, or $2.78 a share. During the same period a year ago, the company posted net earnings of $4.65 million, or 12 cents a share.
  • Silicon Motion Technology (SIMO) said fourth-quarter net income rose to Taiwan $334.7 million ($10.2 million), or T$10.60 per American Depositary Share (32 cents), from T$246 million, or T$7.81 per ADS (24 cents), during the same period in the prior year. Analysts were looking for per-ADS earnings of 30 cents.
  • Smith & Wollensky Restaurant Group (SWRG) said comparable fiscal January sales decreased to $8.5 million from $8.7 million during the same period in the prior year. The steakhouse operator said total monthly sales rose 2.7% to $9.2 million from the prior year.
  • Sonic Solutions (SNIC) said an ongoing review has found the company lacks sufficient documentation for certain option grants, adding that their measurement dates may need to be adjusted.
  • Standard Pacific (SPF) reported a fourth-quarter net loss of $98.4 million, or $1.53 a share. During the same period a year ago, the company posted net earnings of $154.9 million, or $2.22 a share.
  • UTStarcom (UTSI) said an ongoing review has found certain stock option grants with incorrect measurement dates. The networking company will have to record additional stock-based compensation charges.
  • YRC Worldwide (YRCW) reported fourth-quarter net earnings of $46.5 million, or 80 cents a share, compared with $76.8 million, or $1.30 a share, in the same period last year, as revenue fell.


Market Update

  • Asian trading closed with the Hang Seng +0.65%, Nikkei +0.16%, Sensex +0.96%, Taiwan +0.98% and Shanghai -4.03%.
  • A quick check towards Europe finds CAC +0.34%, DAX +0.35%, FTSE +0.61%, ATX +0.11%, Swiss Mkt. +0.28% and Stockholm -0.17%.
  • Gold is +0.1 to 663.1 and crude oil is +0.42 to 57.72 this morning.
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No positions in stocks mentioned.

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