EdgeWater 10/22/2010 12:25:04 PM
News / Business

Stocks Closed Lower after Earnings (The Chubb Corporation, HSY, UNP)

Stocks Closed Lower after Earnings

The Chubb Corporation (NYSE:CB) slid 0.60% to $58.36 on about 2.53 million shares. Late Thursday, the company said that third-quarter net income was $572 million or $1.80 a share, compared to $596 million, or $1.69 a share, in the third quarter of 2009.

The company was expected to make $1.40 a share, according to the average estimate of 21 analysts polled by FactSet Research.

Over the past 52-week, the stock had traded within the range of $47.10-$59.18 and is up more than 17% year-to-date. The stock made its fresh one-year high of $59.18.

The Hershey Company (NYSE:HSY) dropped 3.48% to $49.32. he company said Thursday its third-quarter net income rose to $180.2 million, or 78 cents a share, from $162 million, or 71 cents a share, in the year-ago period.

Analysts polled by FactSet Research were looking for earnings of 77 cents a share, on average.

The stock opened at $49.52 and traded within the range of $48.74-$50.22.

Union Pacific Corporation (NYSE:UNP) slid 0.62% to $85.26. The company said Thursday its third-quarter net income rose to $778 million, or $1.56 a share, from $514 million, or $1.01 a share, in the year-ago period. Revenue increased by 20% to $4.4 billion, from $3.7 billion.

The company was expected to earn $1.46 a share on revenue of $4.35 billion, according to a survey of Wall Street analysts by FactSet Research.

Over the past 52-week, the stock had traded within the range of $54.20-$87.32 and is up more than 31% year-to-date.

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