were among the
biggest winners Monday, surging 13% after the power company reported higher-than-expected second-quarter earnings and lifted its full-year guidance.
AES earned $169 million, or 25 cents a share, up from $85 million, or 13 cents a share, a year earlier. Adjusted earnings, which exclude discontinued operations and certain gains, totaled 29 cents a share. Analysts polled by Thomson First Call expected adjusted earnings of 17 cents a share. The company posted second-quarter revenue of $3.04 billion, up from $2.65 billion a year earlier.
AES now sees 2006 earnings from continuing operations of $1.05 a share, with adjusted earnings of $1.01 a share. The company previously targeted earnings of 96 cents a share from continuing operations and adjusted earnings of 97 cents a share. Analysts expect full-year earnings of $1.01 a share. AES was recently up $2.35 to $20.60.
( HANS) shares sank 16% after the beverage maker's second-quarter results failed to quench investors' thirst. The company earned $28.2 million, or 28 cents a share, matching analysts' mean estimate. Last year, the company earned $15.2 million, or 16 cents a share. Sales rose to $156 million from $85.4 million, missing analysts' target of $157.3 million. Shares were down $6.55 to $33.70.
shares tumbled 20% after the radio operator's CEO withdrew a bid to buy the company. Jeff Smulyan said in a letter to Emmis' board that his acquisition vehicle hasn't been able to reach an agreement on the terms of the proposal with a company special committee. Smulyan, who had offered $15.25 a share for Emmis, also said there has been a significant decline in the broadcasting sector valuations and increased competitive environment. Emmis shares recently were down $2.98 to $11.54.
moved higher after the company agreed to sell certain oil and gas properties to
for $865 million in cash. The properties, located primarily in California and Texas, generate sales volumes of about 7,200 barrels of oil equivalent per day. Plains Exploration plans to use the proceeds from the sale for debt reduction and share repurchases. Shares were trading up $1.93, or 4.4%, to $46.19, while Occidental shares rose 91 cents to $106.15.
( EP) dropped 5% even as the natural gas producer's second-quarter earnings topped analysts' estimate. El Paso earned $150 million, or 21 cents a share, reversing a year-earlier loss of $238 million, or 38 cents a share. The latest quarter's results included 2 cents a share in mark-to-market gains on derivatives. Excluding the gain, El Paso's earnings of 23 cents a share topped analysts' mean estimate by a nickel. Revenue rose to $1.21 billion from $1.17 billion. Despite the earnings beat, shares were down 77 cents to $44.80.
( MVL) posted second-quarter earnings that handily beat Wall Street estimates, sending shares higher.The comic book-character licensing company's profit fell to $16.3 million, or 19 cents a share, from $25.8 million, or 24 cents a share, a year earlier. Sales declined to $84.4 million from $88.1 million. Still, the results topped analysts' average forecast for earnings of 11 cents a share and sales of $80.5 million.
Marvel slightly raised its 2006 guidance to reflect lower taxes and share repurchases. The company now sees full-year earnings of 50 cents to 60 cents a share, up from a prior guidance of 46 cents to 57 cents. The company maintained its sales forecast of $320 million to $350 million. Analysts anticipate full-year earnings of 54 cents a share and sales of $341 million. Marvel shares were up $1.18, or 6.5%, to $19.28.
The NYSE's volume leaders Monday were
Public Service Enterprise
, up $2.91 to $67.91;
, down 2 cents to $7.11;
, up 3 cents to $26.01;
, up 15 cents to $22.90;
, down 21 cents to $17.33;
, down 2 cents to $68.67;
( MOT), down 20 cents to $22.90;
, down 9 cents to $15.86; and
, down 21 cents to $16.35.
top volume movers were Hansen Natural;
( ANDW), up $1.80 to $9.69;
, down 1 cent to $4.52;
, down 5 cents to $24.24; Intel, down 17 cents to $17.32;
, up 16 cents to $17.40;
, up 10 cents to $68.40;
, up 1 cent to $14.63;
Sirius Satellite Radio
, down 6 cents to $3.88; and
Level 3 Communications
, down 8 cents to $3.48.