Tuesday's Winners & Losers: Corn Products

Updated from 2:39 p.m. EDT.

Corn Products International(CPO Quote) was among the NYSE's winners Tuesday, as shares rose 7.5% after the food ingredients company posted first-quarter earnings that blew by estimates and boosted full-year earnings guidance.

The company earned $50 million, or 66 cents a share, on revenue of $761.9 million. Analysts polled by Thomson Financial expected earnings of 40 cents a share on revenue of $658 million. During the year-earlier quarter, the company earned $23.4 million, or 31 cents a share, on revenue of $614.8 million.

Looking ahead, Corn Products now sees full-year earnings of $2.10 to $2.30 a share, up from an earlier forecast of $1.84 to $2.01 a share. Analysts project earnings of $1.98 a share. Shares were up $2.69 to $38.64.

BJ Services(BJS Quote) fell 2.5% after the oil field services company posted disappointing second-quarter results and said that third-quarter earnings would decline. For the quarter ended March 31, the company earned $188.9 million, or 64 cents a share, on revenue of $1.19 billion. Analysts expected earnings of 71 cents a share on revenue of $1.22 billion. During the year-earlier period, the company earned $203.5 million, or 62 cents a share, on revenue of $1.08 billion.

Looking ahead, BJ Services sees third-quarter earnings of 58 cents to 60 cents a share. Analysts project earnings of 63 cents a share. Shares were down 72 cents to $28.72.

Shares of Force Protection(FRPT Quote) jumped 8.2% after the maker of armored vehicles received a $490 million contract to build 1,000 vehicles for the U.S. Marine Corps. "This order represents the single largest mine-resistant vehicle contract ever awarded," the company said. General Dynamics Land Systems will help build the vehicles with Force Protection as part of a joint venture agreement between the two companies. Shares were up $1.82 to $23.97.