raised its fourth-quarter guidance, lifting its shares more than 7% Tuesday. The New York-based apparel company is estimating its quarterly profit at 35 cents to 37 cents a share, excluding restructuring costs and other items.
The forecast means earnings will be up about 25% from a year ago, and marks a 7-cent to 9-cent increase above its prior guidance. The company estimated revenue would be $470 million to $475 million, up 14% to 15% from a year ago. Shares of Phillips-Van Heusen rose $2.39 to $35.84 in recent trading.
were higher after the Dallas-based natural gas company agreed to purchase the U.S. amine-treating rental assets of Hanover Compression LP, a unit of
( HC), for about $52 million. Crosstex Energy rose 40 cents, or 1.1%, to $35.71 in recent trading.
California Pizza Kitchen
( CPKI) investors got burned when the Los Angeles-based restaurant chain lowered its fourth-quarter guidance. The company said it lost some selling days to store remodelings and hurricane-related closings.
The company estimated its fourth-quarter earnings will be 29 cents a share, down from its October guidance of 30 cents to 31 cents a share. California Pizza Kitchen dropped $1.12, or 3.3%, to $32.81 recently.
was on the rise after the Norwalk, Conn., construction services company said it was recently awarded $200 million in private sector commercial projects.
The projects include work at the Trump International Hotel & Tower in Las Vegas and at the Hard Rock Hotel in San Diego. Shares of Emcor Group rose $1.97, or 2.6%, to $77.48.
( CCBL) were climbing after the U.S. Court of Appeals affirmed a District Court ruling that
infringed its patent for a video server system architecture.
C-Cor, a networking concern based in State College, Pa., saw its shares gain 15 cents, or 2.5%, to $6.06.