Monday's Winners & Losers: Emcor

The mechanical and electrical construction services company sees a rise after boosting guidance.
Author:
Publish date:

Updated from 12:02 p.m. EDT

Emcor Group

(EME) - Get Report

was among the

NYSE's

winners Monday, as shares rose 8.4% after the mechanical and electrical construction services company boosted its full-year earnings and revenue guidance.

The company now sees earnings of $2.75 to $3 a share on revenue of $5.5 billion to $5.7 billion. Previously, the company said that it would earn $2.45 to $2.80 a share on revenue of $5.3 billion to $5.5 billion. Analysts polled by Thomson Financial project earnings of $2.86 a share on revenue of $5.6 billion. "The increased guidance reflects continuing indications of strong demand patterns within many of the company's markets," Emcor said.

The company also announced a 2-for-1 stock split. Shareholders of record on June 20 will receive the additional shares on July 9. Shares were up $5.42 to $70.10.

Nucor

(NUE) - Get Report

fell 5.9% after the steelmaker warned that second-quarter earnings would fall short of Wall Street's forecast. The company sees earnings of $1.05 to $1.15 a share, well below the $1.42 a share that analysts project. Nucor said that results were hurt by lower shipments at its bar mill group and by challenging sheet market conditions. Shares closed down $3.95 to $62.66.

Shares of

James River Group

(JRVR) - Get Report

fell 3.1% after the insurance company agreed to be acquired by D.E. Shaw for about $575 million, or $34.50 a share, in cash. The price represents a slight discount to James River's closing price of $35.18 on Friday. The deal is expected to close during the second half of 2007. Shares closed down $1.09 to $34.09.

Jos. A. Bank Clothiers

(JOSB)

edged up 2.6% after the clothing retailer posted better-than-expected first-quarter results. The company earned $8.4 million, or 45 cents a share, on revenue of $129.5 million. Analysts expected earnings of 41 cents a share on revenue of $129.1 million. During the year-earlier period, the company earned $5.9 million, or 32 cents a share, on revenue of $113.7 million. Shares closed up $1.13 to $43.86.

Shares of

Owens-Illinois

(OI) - Get Report

fell 1.9% after the packaging company agreed to sell its plastics unit to

Rexam

(REXMY)

for $1.83 billion in cash. The plastics unit had 2006 revenue of about $760 million. Owens-Illinois plans to use proceeds from the sale to cut its debt. "This sale and the subsequent debt reduction will give us greater operating flexibility and allow us to better focus resources to improve our core glass business," Owens-Illinois said. The deal is expected to close early in the third quarter. Shares closed down 62 cents to $32.65.