The maker of industrial pumps and valves said its profit more than doubled to $63.1 million, or $1.10 a share. Excluding charge, earnings were $1.24 cents a share, handily beating analysts' forecast of 93 cents. Revenue totaled $919.3 million, compared with Wall Street's projection of $910.7 million. Shares of Flowserve jumped $12.94 to $88.33.
jumped 17% after its third-quarter earnings nearly doubled Wall Street's estimate. The coal producer and mortgage concern earned $24.4 million, or 47 cents a share, on revenue of $312.2 million. Analysts, on average, projected a profit of 25 cents a share on revenue of $289 million. Shares of Walter soared $5.05 to $34.52.
shot up 11% after ThinkEquity upgraded the solar-products maker to buy from accumulate. The firm raised its price target on the stock to $20 from $10, noting it is now more confident about the company's growth outlook. Shares rose $1.22 to $12.31.
shed 9% after kidney-dialysis company posted weaker-than-expected third-quarter results. Excluding one-time items, Davita earned $89.3 million, or 83 cents a share, on revenue of $1.32 billion. Analysts, on average, projected earnings of 84 cents a share and a top line of $1.33 billion.
DaVita also said that its chief financial officer, Mark Harrison, will step down by mutual agreement with the company. The move is effective Nov. 30. Shares slid $5.95 to $59.50.
declined 10% after a report that the music publisher is withholding its material from
new online music store.
The Wall Street Journal
reported that Warner made the decision because another Nokia service is being used to distribute copyrighted songs. Shares of Warner fell $1.01 to $9.08.
Las Vegas Sands
dropped 7% after the casino operator's third-quarter results came in well below estimates. The company's third-quarter adjusted profit fell 65% to $41.8 million, or 12 cents a share, missing Wall Street's forecast of 31 cents. Revenue rose 19.5% to $661 million, below the $783 million that analysts expected. Shares slid $8.53 to $116.77.