were among the
winners Friday, jumping 10% after the motor-homes maker posted better-than-expected fiscal third-quarter earnings.
For the period ended May 27, the company earned $13.2 million, or 40 cents a share, on revenue of $220.3 million. Analysts polled by Thomson First Call expected earnings of 38 cents a share and revenue of $231.9 million. During the year-earlier period, Winnebago earned $17.6 million, or 52 cents a share, on revenue of $255 million. "The success of our class C products, particularly the new View and Navion, are helping us increase our market share," the company said. "With continued sensitivity to fuel prices nationwide, our View and Navion diesel motor homes, with fuel economy of 17-19 miles per gallon, have been extremely timely." The company's shares were trading up $2.87 to $31.30.
( FIC) rose 4% after the provider of credit scoring systems laid out a restructuring plan that includes cutting 200 jobs. The company said the plan, which is aimed at jumpstarting growth, will result in annual pretax savings of about $24 million. Fair Isaac said it would take a $5.7 million charge during the third quarter to cover restructuring costs. "We believe this initiative will stimulate faster growth and enhance profitability through smarter resource alignment, more market-focused innovation and ultimately, stronger client service delivery," the company said. The job cuts will affect workers in the product management, delivery and development functions, Fair Isaac said. Shares were trading up $1.26 to $35.56.
rose 1% after the energy-exchange company filed a registration statement with the
Securities and Exchange Commission
to sell up to 8 million shares in a secondary offering. Certain shareholders will sell 7.975 million shares, while the company will sell 25,000 shares to cover costs of the offering. "ICE is undertaking the offering to facilitate an orderly entry into the market of freely tradeable shares by certain founding shareholders," the company said. Selling shareholders also granted underwriters an option to buy an additional 1.2 million shares. Shares were trading up 61 cents to $49.62.
rose 1% after the company announced changes in its executive suite. The pork producer said that Joseph Luter, who has served as chairman and chief executive for 31 years, would step down from his CEO position on Aug. 31. Luther will remain with the company as nonexecutive chairman. C. Larry Pope, who currently serves as president and chief financial officer, will become CEO Sept. 1. Shares of Smithfield were trading up 28 cents to $26.37.
shares rose 1% after the company announced the pending departure of its chief financial officer and said its goals for the coming year remain on track. The food maker said Frank Sklarsky plans to leave the company following a transition to a new financial chief to be named at a later date. The company has begun a search for CFO candidates.
Meanwhile, ConAgra said its operating performance for the fourth quarter, which ended in May, showed a "solid finish" and its fiscal 2007 goals remain on track. The company will report fourth-quarter results June 28. Shares were up 22 cents to $22.31.
NYSE volume leaders included
, down 23 cents to $33.88;
, down 11 cents to $23.42;
( NT), up 8 cents to $2.28;
, down 68 cents to $58.44;
, up 42 cents to $32.30;
( MOT), down 41 cents to $19.92; and
, down 5 cents to $17.06.
volume leaders included
, down 23 cents to $21.84;
, up 46 cents to $14.16;
, up 15 cents to $18.27;
Level 3 Communications
, down 1 cent to $4.38;
, down 24 cents to $19.98;
, down 10 cents to $4.15;
, down 9 cents to $4.26;
, down 51 cents to $16.32; and
, down $1.23 to $58.15.