EdgeWater 11/11/2010 11:09:58 PM
News / Business

Service Sector Stocks Ended Mixed (SIRI, CVS, WFMI)

Service Sector Stocks Ended Mixed

Sirius XM Radio Inc. (NASDAQ:SIRI) fell 2.01% to $1.46. The company said last week that its third-quarter earnings were $67.6 million, or a penny a share, compared with a loss of $151.5 million, or 4 cents a share, in the year-ago period. Revenue rose to $717.5 million from $618.7 million.

Analysts polled by FactSet Research were looking for break-even earnings, on average, with revenue of $719.1 million.

The company said it boosted its subscriber numbers by 1.3 million over the past year, ending the recent quarter with 19.9 million subscribers.

The stock went up more than 143% year-to-date.

CVS Caremark Corporation (NYSE:CVS) added 0.32% to $31.13. The company said last week its third-quarter earnings fell to $808 million or 59 cents a share, from $1.02 billion, or 71 cents a share, in the year-ago period. Adjusted income totaled 65 cents a share in the latest period. Revenue fell 3% to $23.9 billion.

The company was expected to earn 64 cents a share, on revenue of $23.9 billion, according to a survey by FactSet Research. CVS Caremark narrowed its 2010 profit view to a range of $2.68 to $2.70 a share, from its earlier estimate of $2.68 a share to $2.73 a share.  

The stock went down more than 3% year-to-date.

Whole Foods Market, Inc. (NASDAQ:WFMI) went up 1.33% to $47.11. Last week, the firm reported a 58% leap in its quarterly profit and raised its 2011 outlook.

The company said net income was $57.5 million, or 33 cents per share, for the fiscal fourth quarter ended Sept. 26, compared with $36.4 million, or 20 cents, a year earlier.

Analysts were on average expecting for a per-share profit of 28 cents, according to Thomson Reuters.

The stock went up more than 71% year-to-date.

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