
Friday's Winners & Losers: Cummins
Cummins
(CMI) - Get Report
is among the
NYSE's
winners Friday, as shares soared 18% after the engine maker posted first-quarter results that blew by Wall Street's forecast.
The company earned $143 million, or $1.42 a share, on revenue of $2.82 billion. Analysts polled by Thomson Financial expected earnings of 86 cents a share on revenue of $2.62 billion. During the year-earlier period, the company earned $135 million, or $1.35 a share, on revenue of $2.68 billion.
Looking ahead, Cummins now sees full-year earnings of $6 to $6.50 a share, up from an earlier forecast of $5.50 to $5.75 a share. Analysts project earnings of $5.39 a share. Shares were trading up $15.56 to $101.55.
Waste Management
( WMI) rose 7% after the waste disposal company posted better-than-expected first-quarter earnings. The company earned $222 million, or 42 cents a share, on revenue of $3.19 billion. Results included a one-time charge of a penny a share. Analysts expected earnings of 36 cents a share on revenue of $3.19 billion. During the year-earlier quarter, the company earned $186 million, or 34 cents a share, on revenue of $3.23 billion.
Looking ahead, Waste Management now sees full-year earnings of $2.03 to $2.07 a share, up from previous guidance of $1.96 to $2 a share. Analysts project earnings of $1.97 a share. Shares were trading up $2.44 to $37.79.
Shares of
DeVry
(DV)
climbed 14% after the for-profit education company posted better-than-expected third-quarter results. For the quarter ended March 31, the company earned $22.9 million, or 32 cents a share, on revenue of $247.8 million. Analysts expected earnings of 29 cents a share on revenue of $244.8 million. During the year-earlier quarter, the company earned $15.7 million, or 22 cents a share, on revenue of $220.2 million. Shares were trading up $4.27 to $34.08.
Curtiss-Wright
(CW) - Get Report
leaped 11% after the maker of aerospace equipment posted first-quarter results that were better than expected. The company earned $19.5 million, or 44 cents a share, on revenue of $332.6 million. Analysts expected earnings of 35 cents a share on revenue of $307.2 million. During the year-earlier quarter, the company earned $12.3 million, or 28 cents a share, on revenue of $282.6 million.
Looking ahead, Curtiss-Wright now sees full-year earnings of $2.05 to $2.15 a share on revenue of $1.39 billion to $1.41 billion. Previously, the company forecast earnings of $2 to $2.10 a share on revenue of $1.37 billion to $1.4 billion. Analysts project earnings of $2.10 a share on revenue of $1.39 billion. Shares were trading up $4.73 to $46.64.
Shares of
Building Materials
( BLG) slid 5% after the construction services company swung to an unexpected first-quarter loss and reported disappointing revenue. The company reported a loss of $5 million, or 17 cents a share, on revenue of $569.1 million. Analysts expected a profit of 13 cents a share on revenue of $604.2 million. During the year-earlier period, the company earned $28.1 million, or 95 cents a share, on revenue of $884.6 million. Shares were trading down 90 cents to $16.
NYSE volume leaders included
General Electric
(GE) - Get Report
, up 90 cents to $36.74;
Ford
(F) - Get Report
, down 12 cents to $8.08;
Omnicare
(OCR)
, down $5.98 to $35.34;
MEMC Electronic Materials
(WFR)
, down $8.65 to $58.50;
Motorola
( MOT), down 5 cents to $17.85; and
Advanced Micro Devices
(AMD) - Get Report
, down 24 cents to $14.26.
Nasdaq
volume leaders included
Microsoft
(MSFT) - Get Report
, up $1.29 to $30.39;
Amazon.com
(AMZN) - Get Report
, down 64 cents to $62.14;
Sun Microsystems
(SUNW) - Get Report
, up 1 cent to $5.26;
Sirius Satellite Radio
(SIRI) - Get Report
, up 9 cents to $3.05;
Cisco Systems
(CSCO) - Get Report
, up 16 cents to $26.71;
ON Semiconductor
(ONNN)
, up 93 cents to $11.31; and
Intel
(INTC) - Get Report
, down 16 cents to $21.93.