Stocks Get a Second Wind

3M(MMM) earned $663 million, or 83 cents a share, in the latest quarter, a 20% rise from $545 million, or 69 cents a share, a year earlier. Analysts had expected earnings of 79 cents a share. 3M advanced $1.38, or 1.8%, to $75.43.

Lexmark International(LXK) beat Wall Street estimates and forecast a higher-than-expected profit in the fourth quarter. Shares rose $6.86, or 10.2%, to $74.11.

Hasbro(HAS) said earnings before accounting items rose to $85.8 million, or 48 cents a share, in the latest quarter, compared to $55.8 million, or 32 cents a share, in the same quarter a year ago. Revenue jumped 18% to $978 million. Hasbro climbed 75 cents, or 3.6%, to $21.39.

Southwest Airlines(LUV) said its quarterly profit rose amid stronger traffic in the airline industry. Shares gained 54 cents, or 2.9%, to $18.94.

Texas Instruments(TXN) rose 52 cents, or 2.1%, to $25.48 ahead of its results after the bell.

In other corporate news, NYSE market maker LaBranche(LAB) shed 89 cents, or 8%, to $10.26 on news that it will have to pay a $43 million fine in connection to trading violations.

Sun Microsystems(SUNW) was in focus after Standard & Poor's said it might cut the company's credit rating. The maker of network servers reported a decline in sales last week, for the 10th consecutive quarter. Sun was little changed at $3.55.

Meanwhile, Smith Barney started coverage of JDS Uniphase(JDSU) with a sell rating and a $3.50 target, saying a full recovery in the optical market is some years away. JDS lost 9 cents, or 2.3%, to $3.80.