Shares of Barnes Group (B Quote) were among the NYSE's winners Thursday, jumping 12% after the diversified manufacturer posted solid third-quarter results and boosted its guidance.
The company posted net income of $18.9 million, or 35 cents a share, up from $15.4 million, or 31 cents a share, a year earlier. Sales rose 19% to $322 million from $271.5 million last year, with strength in each of the company's three segments. Analysts polled by Thomson First Call had expected earnings of 31 cents a share and sales of $304.4 million.
For all of 2006, Barnes forecast earnings per share of $1.33 to $1.35, up from its prior view of $1.28 to $1.33. Analysts expect earnings of $1.31 a share, according to First Call. Shares of Barnes were adding $2.15 to $20.40. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet