Stocks In Motion

Stocks in Motion: Simclar

 

Updated from 11:39 a.m. EST

Shares of Simclar(SIMC) were among the Nasdaq's winners Friday, rising 54.6% after the company posted a fourth-quarter sales jump of 15% and solid full-year results.

The company posted fourth-quarter earnings of $495,000 on sales of $13.4 million. A year ago, the company earned $459,000 on sales of $11.5 million. On a sequential basis, earnings and sales were roughly flat with third-quarter earnings of $486,000 and sales of $13.2 million. Shares traded up $2.40 to $6.80.

Navistar International(NAV) rose 0.6% after the company reaffirmed its first-quarter and 2005 earnings guidance. Despite parts shortages that are causing additional inventory, the diesel engine and truck maker said that it still expects to post first-quarter earnings of 20 cents to 25 cents a share. Analysts polled by Thomson First Call are expecting earnings of 24 cents a share on sales of $2.07 billion. For the full year, Navistar reaffirmed its guidance of $4.60 to $5.00 a share. Analysts are expecting earnings of $4.86 a share on sales of $10.51 billion. Shares traded up 20 cents to $36.60.

Shares of Best Buy(BBY) fell 6.3% after the company posted in-line fourth-quarter results but said that first-quarter earnings would be lower than expected. The consumer electronics retailer posted operating income of $522 million, or $1.55 a share, on sales of $9.23 billion. A year ago, the company earned $469 million, or $1.40 a share, on sales of $8.45 billion. Looking ahead, Best Buy expects to post first-quarter earnings of 32 cents to 37 cents a share, which excludes a stock-based compensation expense of 5 cents. Analysts had been expecting 38 cents a share. For all of fiscal 2006, the company expects to post earnings of $3.18 to $3.33 a share, excluding items, on sales of more than $30 billion. Analysts are expecting earnings of $3.31 a share on sales of $30.35 billion. Shares traded down $3.41 to $50.60.

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