Thursday’s biggest gaining and declining stocks

Orlando, FL 5/3/12 (StreetBeat) -- Shares of the following companies made notable moves in U.S. trading Thursday:

Gainers

Teradata Corp. (NYSE: TDC +4.95%) shares rose 5.3% Thursday. Earlier, the company reported strong first-quarter earnings that beat analyst estimates, as the firm revised its 2012 outlook modestly higher.

Kensey Nash Corp. (Nasdaq: KNSY +32.20%) shares jumped 32%. Dutch life-sciences company Royal DSM NV agreed to acquire the biomedical company for about $337 million in cash, at a premium of about 33%.

Scripps Networks Interactive Inc. (NYSE: SNI +6.31%) shares were up 6.4% Thursday after the parent of cable channels Food Network and HGTV reported first-quarter results that easily surpassed most forecasts on strong ad sales.

Decliners

Cablevision Systems Corp. (NYSE: CVC -5.24%) shares were down 7.3% Thursday on a first-quarter revenue figure that fell short of most analysts’ estimates. Miller Tabak cut its rating on the cable-television operator to neutral from buy, thouugh the company reported a gain in basic-video customers during the period, in contrast to peers Comcast (Nasdaq: CMCSA +0.08%) and Time Warner Cable (NYSE: TWC -0.64%), the two largest U.S. cable companies.

Prudential Financial Inc. (NYSE: PRU -8.16%) shares dropped 8.1%. Late Wednesday, financial results showed the company swinging to a first-quarter loss on charges relating to currency fluctuations and derivative impacts, mostly related to the Japanese yen’s decline against the U.S. dollar.

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Cablevision (NYSE: CVC) Plunges after Key Executive Departs

Palm Beach, FL 12/16/11 (StreetBeat) -- Cablevision (NYSE: CVC) fell 14% in morning trading after Chief Operating Officer Tom Rutledge said late on Thursday that he would resign from the company. Rutledge’s departure is a big loss for the cable company, and he will be difficult to replace, some analysts said. Bernstein Research analyst Craig Moffett called it a “staggering loss” for Cablevision, because he thinks Rutledge is the “hand-down-best executive in the cable business.”

In a release about the departure, Rutledge does not give a reason for leaving; the company said it has begun a search for his replacement.

“Cablevision indicated that it has an experienced senior management team in place overseeing cable and its other businesses, and that it has commenced a search for an executive with responsibility for oversight of the cable operations.”

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Cablevision Systems (NYSE: CVC) Drops 14% On Earnings Miss

Tallahassee, FL 10/28/11 (PennyPayDay) -- Cablevision Systems Corp's (NYSE: CVC) quarterly earnings widely missed Wall Street estimates as its programming and sales costs rose and it faced competition from phone companies offering TV services. The company’s shares fell more than 11 percent on the profit miss of 14 cents per share.

Cable companies have been losing video customers to phone companies such as Verizon Communications, which offers FiOs TV, satellite providers as well Internet companies such as Netflix Inc. and Hulu. The New York cable operator said it lost 19,000 video subscribers in the third quarter. This was better than some deeper losses analysts were expecting. Analysts on average were expecting losses of 30,000 subscribers, according to StreetAccount data.

"Cablevision's numbers are very weak," said Brean Murray analyst Todd Mitchell. "They are having trouble in their New York clusters."

Verizon competes with Cablevision in the greater New York area and in the same period it added 131,000 video customers. Earlier this month, Verizon said it expects to add 200,000 FiOS TV customers in the fourth-quarter.

Cablevision said its revenue took a hit of $16 million because of Hurricane Irene, a storm that affected the New York area in August.

One bright spot for Cablevision was its Internet additions. Analysts were expecting it to add 5,000 new Internet customers and it added 17,000 in the quarter. Cablevision posted a profit of $39.3 million or 14 cents per share, down from $68.4 million, or 23 cents per share, a year earlier. Adjusted for various charges, the company reported an EPS of 17 cents, which missed analysts' expectations of 31 cents per share.

Cablevision, which is controlled by the Dolan family, saw its total revenue increase 8 percent to $1.67 billion, which was in line with analysts' estimates, according to Thomson-Reuters I/B/E/S.

The company's shares fell 14 percent to $14.72 in morning trading on the New York Stock Exchange.

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