( JLG) were among the
winners Monday, rising 8% after the construction-equipment maker posted fourth-quarter results that topped Wall Street's forecasts.
For the period ended July 31, the company earned $47.9 million, or 45 cents a share, on revenue of $687.6 million. Analysts polled by Thomson First Call expected earnings of 42 cents a share and revenue of $659.1 million. During the year-earlier quarter, JLG earned $35.7 million, or 35 cents a share, on revenue of $569.6 million.
For fiscal 2007, JLG forecast earnings of $1.72 to $1.82 a share, compared with analysts' projection of $1.72 a share. The company anticipates revenue growth of 20% to 25%, implying revenue of $2.76 billion to $2.88 billion. Wall Street targets revenue at $2.76 billion. JLG shares were trading up $1.01 to $18.68.
tumbled 11% after the banana producer said that third-quarter results would be hurt by weak banana sales and concerns over fresh spinach in the U.S.
The company also suspended its dividend and said that it is exploring strategic alternatives for its shipping-related assets. Chiquita said that its banana sales continue to be hurt by changes in the rules regarding exports in the European Union. Safety over fresh spinach, meanwhile, is hurting the company's Fresh Express business, which is experiencing lower sales and higher costs.
As for the company's shipping-related assets, Chiquita is exploring strategic alternatives that could include the sale of its overseas shipping assets and shipping-related logistics operations. Shares were trading at $14.02, down $1.71.
( HANS) added 2% after the beverage maker boosted its stock repurchase plan.
The company increased its buyback program to $75 million from its current level of $50 million. Hansen has already bought some $27.7 million of shares under a buyback that began in November 2005. As of Sept. 12, the company had nearly 90 million shares outstanding. Shares were up 64 cents to $34.15.
rose 3% after the fast-food restaurant operator lifted the price of its tender offer. The company will now buy back stock at prices ranging from $19.50 to $23 a share. Previously, the company said that it would pay $19.50 a share to $22 a share.
Sonic plans to buy 24.3 million shares, down from its previous plan of 25.5 million shares. The total purchase price for the stock will remain at $560 million. Shares advanced 61 cents to $22.57.
fell 4% after the company's fourth-quarter earnings report. For the period ended Aug. 31, the drugstore operator posted earnings of $412.3 million, or 41 cents a share, on revenue of $12.17 billion. Analysts expected earnings of 41 cents a share and revenue of $12 billion. During the year-earlier quarter, the company earned $329 million, or 32 cents a share, on revenue of $10.49 billion. The year-ago results included $54.7 million in pretax expenses related to Hurricane Katrina. Shares were trading down $2.04 to $45.86.
shares slid 6% after the home furnishings company warned that first-quarter sales would be below analysts' forecast. For the period ending Sept. 30, the company sees sales of $240 million to $245 million. Analysts project sales of $263.8 million.
"As previously indicated, sales in recent months have slowed as consumer confidence has remained weak," Ethan Allen said. "In addition, we find ourselves up against tough comparable results for the prior year quarter during which time we experienced a 9% increase in sales and a 15% increase in comparable written sales." Shares were trading down $2.26 to $34.46.
NYSE volume leaders included
, up 27 cents to $18;
, down $3.80 to $78.52;
, up 40 cents to $35.51;
, up 55 cents to $33.45;
, up 7 cents to $8.07;
, up 16 cents to $28.32; and
, down 88 cents to $64.03.
volume leaders included
, up 4 cents to $5.06;
, up 25 cents to $26.91;
, down 13 cents to $17.41;
, up 10 cents to $19.17;
, up $1.23 to $74.23;
, up 11 cents to $16.95;
, up $4.58 to $6.80;
Sirius Satellite Radio
, down 1 cent to $3.89; and
, down 10 cents to $22.78.