Wednesday's Winners & Losers: Ladish

Updated from 11:44 a.m EDT

Ladish(LDSH) was among the Nasdaq's winners Wednesday, soaring 20.7% after beating Wall Street's earnings estimates after the bell Tuesday.

Ladish, which makes forged and cast-metal components for the aerospace industry, earned $10.8 million, or 74 cents per share, in the second quarter, compared with $8.5 million, or 60 cents a share, in the year-ago period. Net sales increased 26% to $113.6 million. Analysts polled by Thomson Financial expected earnings of 66 cents a share on sales of $109.7 million. Shares closed up $8.49 to $49.45.

Eagle Bulk Shipping(EGLE) jumped 15.5%, after agreeing to a $1.1 billion deal to acquire a fleet of 26 ships from a private Greek company. The acquisition more than doubles Eagle's fleet size. Contracted revenue from $1.2 billion in fleet charters gives Eagle confidence it can sustain a 50 cent per share quarterly dividend over the long term, the company said. Shares advanced $3.62 to $27.01.

Lennox International(LII) advanced 13%, after cutting full-year guidance but announcing that its board approved a $500 million share-buyback plan. The heating and cooling appliance maker cut its expected revenue growth to 2% to 4%, from its earlier view of 6% to 8%. "We expect continued good performance in the back half of the year from our commercial, refrigeration and service experts businesses, but we expect softness in the residential market to last longer than we anticipated," the company said. The share buyback is expected to be completed by the end of the third quarter. Shares rose $4.26 to $37.