With earnings reports flooding in, the stock winners Wednesday included Manpower(MAN Quote), CSX(CSX Quote) and Champion Enterprises(CHB Quote).
Manpower shares gained 6% after the staffing company's earnings and outlook handily topped Wall Street estimates. The company's third-quarter profit rose 31% to $131.7 million, or $1.57 a share. Analysts polled by Thomson Financial projected earnings of $1.38 a share. For the fourth quarter, Manpower said it detects "a bit of caution" in the markets, but it doesn't believe it will significantly affect its results. The company forecast earnings of $1.50 to $1.54 a share, ahead of analysts' average target of $1.45. Shares were up $4.04 to $73.35. CSX chugged 6% higher after the railroad operator posted a 24% rise in profits, with adjusted results beating estimates. The company recorded earnings of $407 million, or 91 cents a share, including a 24-cent-a-share gain from discontinued operations. Excluding the discontinued operations and one-time items, CSX's earnings were 67 cents a share. Analysts, on average, were looking for earnings of 62 cents a share. The stock was gaining $2.64 to $45.47. Champion Enterprises, a maker of modular homes, gained nearly 10% after its third-quarter report. Champion posted a 43% jump in net income to $12.9 million, or 17 cents a share, topping Wall Street's per-share estimate by 3 cents. The stock was rising $1.17 to $13.42.- Loading Comments...
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