Peabody Energy Falls After Earnings (AME, APD, BIIB, BTU, CNC)

AMETEK Inc (NYSE:AME) decreased 6.03% to $31.31after the Company reported second quarter results. Sales increased 9.0% to $825.9 million.  Operating income for the second quarter of 2012 was $185.0 million compared to $157.0 million in the same period of 2011. Net income was $113.7 million or $0.47 per diluted share compared to $94.1 million or $0.39 per diluted share in the prior year period.  

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Air Products & Chemicals Inc (NYSE:APD) moved down 1.28% to $78.56. The Company reported third quarter profit of $484.5 million or $2.26 per share compared to $326.5 million or $1.50 per share in the prior year period.  Revenue decreased 5.3% to $2.34 billion, below analysts' expectations of $2.46 billion.

Biogen Idec Inc (NASDAQ:BIIB) went down 0.47% to $138.58. The Company reported second quarter profit of $386.8 million or $1.61 per share compared to $288 million or $1.18 per share in the prior year period. Revenue increased 18% to $1.42 billion. However, analysts projected earnings of $1.56 on revenue of $1.33 billion. The company increased earnings per share estimate to more than $6.20 and affirmed its revenue growth guidance.

Peabody Energy Corporation (NYSE:BTU) decreased 8.03% to $21.25 after the Company announced second quarter results. Net income was $215.3 million or 78 cents per share compared to $307.8 million or $1.10 per share previous year period.  Revenue increased 1% to $1.99 billion. Wall Street analysts expected a much smaller profit of 53 cents per share on revenue of $2.06 billion. The Company expects third quarter earnings to be in the range 20 to 45 cents per share.

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Centene Corp (NYSE:CNC) climbed up 8.08% to $37.44. The Company reported second quarter loss of $35 million or 68 cents per share compared to profit of $28.4 million or 54 cents in the prior year period. Revenue increased 61% to $2.11 billion. However, analysts forecast a loss of 11 cents a share on revenue of $1.99 billion. Medical costs increased 78%. The Company added 817,000 members during the quarter.