Stocks in Motion: Cal-Maine

Shares of the egg producer gain almost 10% on a stock buyback.
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Updated from 11:42 a.m. EDT

Shares of

Oil States International

(OIS) - Get Report

were among the

NYSE's

winners Tuesday after the company reported better-than-expected second-quarter earnings and sales, and upped its full-year outlook.

The oil and gas products company earned 24 cents a share on sales of $222.2 million during the second quarter. Analysts polled by Thomson First Call had expected it to earn 18 cents a share on sales of $202.4 million. A strong tubular distribution business and positive results in its well-site services segment contributed to the strong quarterly results. Looking ahead, the company now expects to earn $1 to $1.10 a share during the full year. Analysts were looking for 95 cents a share. Shares of Oil States International traded up $1.46, or 9.1%, to $17.46.

Cal-Maine Foods

(CALM) - Get Report

rose after it announced a 2-million-share repurchase program. The repurchase plan runs through July 31, 2005. Shares of Cal-Maine Foods traded up 65 cents, or 5.7%, to $12.16.

Shares of

First Federal Bancorp

(FFBZ)

rose after the company agreed to be acquired by

Park National

(PRK) - Get Report

for $13.25 a share in cash. Park National is a bank holding company with about $5.1 billion in total assets. Upon the completion of the merger, First Federal will be merged into Century National Bank, which operates 11 full-service offices and has about $500 million in assets. On a combined basis, Century and First Federal will operate 17 full-service offices and have $750 million in assets. Shares of First Federal Bancorp traded up $4.18, or 47.1%, to $13.05.

Integrated Electrical Services

(IES)

fell after it rescheduled its third-quarter earnings release and conference call. The electrical solutions provider cited ongoing evaluation "of certain large and complex projects at one subsidiary that experienced project management changes in the latter part of the third quarter." As a result of its findings to date, it expects to report a loss of a penny to 5 cents a share. Previously, it had expected to post a third-quarter profit of 4 cents to 7 cents a share. Shares of Integrated Electrical Services traded down 85 cents, or 10.1%, to $7.58.

Shares of

Principal Financial

(PFG) - Get Report

fell after the company reported weaker-than-expected second-quarter earnings and warned that full-year results would fall short of expectations. Excluding one-time items, the insurer earned 54 cents a share on sales of $2.05 billion. Analysts had expected it to earn 58 cents a share on sales of $2.28 billion. Looking ahead, Principal forecast full-year earnings of $2.28 to $2.32 a share. Analysts were looking for $2.43 a share. Shares of Principal Financial traded down $1.63, or 4.7%, to $32.73.

NYSE volume leaders included

Lucent

(LU)

, down 7 cents to $3;

Qwest Communications

(Q)

, down 80 cents to $3.17;

Nortel Networks

(NT)

, down 8 cents to $3.74;

Pfizer

(PFE) - Get Report

, up 25 cents to $32.45; and

General Electric

(GE) - Get Report

, down 39 cents to $32.87.

Nasdaq

volume leaders included

Intel

(INTC) - Get Report

, down 73 cents to $24.17;

Microsoft

(MSFT) - Get Report

, down 45 cents to $28.07;

Oracle

(ORCL) - Get Report

, down 11 cents to $10.56;

Cisco

(CSCO) - Get Report

, down 50 cents to $20.74; and

JDS Uniphase

(JDSU)

, down 15 cents to $3.32.