Shares of Lowe's(LOW Quote) were among the NYSE's winners Friday, rising 4% after the home improvement retailer's fourth-quarter results topped Wall Street's forecast.
The company earned $613 million, or 40 cents a share, on revenue of $10.4 billion. Analysts polled by Thomson First Call expected earnings of 37 cents a share and revenue of $10.36 billion. During the year-earlier period, the company earned $693 million, or 43 cents a share, on revenue of $10.8 billion. Looking ahead, Lowe's forecast first-quarter earnings of 49 cents to 51 cents a share on revenue growth of 5% to 6%. Analysts project earnings of 50 cents a share and revenue of $12.4 billion. Shares were trading up $1.42 to $35.05. Shares of Semco Energy(SEN Quote) soared 32% after the natural gas company agreed to be acquired by privately held Cap Rock Holding for about $352 million. Including debt, the deal is worth about $867 million. Cap Rock will pay Semco holders $8.15 a share in cash, representing a 36% premium over Thursday's closing price of $6. Shares were trading up $1.94 to $7.94. Circuit City(CC Quote) shares fell 5% after the consumer electronics retailer announced the resignation of its chief financial officer. Michael Foss plans to leave the company in April to join privately held Petco. Circuit City is looking for his replacement. Shares recently were down $1.05 to $19.73. Shares of Domino's Pizza(DPZ Quote) fell 2% after the pizza chain posted mixed fourth-quarter results. The company earned $31 million, or 49 cents a share, a penny higher than analysts' target. Revenue totaled $435.3 million, topping Wall Street's forecast of $448.5 million. A year earlier, Domino's earned $40.2 million, or 59 cents a share, on revenue of $457.4 million. Excluding items, year-earlier earnings were 44 cents a share. Shares were down 63 cents to $31.67.- Loading Comments...
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