Stocks in Motion: Dean Foods
Updated from 11:53 a.m. EDT
Shares of
Pinnacle Entertainment
(PNK) - Get Pinnacle Entertainment Inc Report
were among the
NYSE's
winners Wednesday, rising 4.1% after the company posted third-quarter numbers that easily beat Wall Street expectations.
Excluding items, the casino operator earned 7 cents a share on sales of $146.5 million. Analysts surveyed by Thomson First Call were expecting a profit of 1 cent a share on sales of $140.7 million. Strength at the company's Belterra and Boomtown New Orleans facilities contributed to the solid third-quarter financial results. Shares traded up 61 cents to $15.44.
Dean Foods
(DF) - Get Dean Foods Company Report
rose 5% after the company posted third-quarter earnings that beat reduced earnings expectations. Excluding items, the dairy producer earned 46 cents a share on sales of $2.77 billion.
Analysts were expecting earnings of 45 cents a share on sales of $2.63 billion. In September, Dean Foods got hammered after the company lowered its third-quarter earnings expectations to 44 cents to 46 cents a share. At the time, analysts were expecting earnings of 56 cents a share.
Looking ahead, the company expects fourth-quarter earnings of 63 cents to 66 cents a share and full-year earnings of $2.02 to $2.05. Analysts are expecting earnings of 64 cents a share during the fourth quarter and $2.01 a share for the full year. Shares traded up $1.50 to $31.45.
Shares of
Polo Ralph Lauren
(RL) - Get Ralph Lauren Corporation Class A Report
TheStreet Recommends
rose 3.7% after the company beat second-quarter expectations. Excluding items, the clothing maker earned 76 cents a share on sales of $883.7 million. Analysts were expecting earnings of 73 cents a share on sales of $845.3 million. Looking ahead, Polo reiterated its full-year earnings forecast of $2.35 to $2.45 a share. Analysts are expecting earnings of $2.45 a share. Shares traded up $1.40 to $38.91.
Prudential Financial
(PRU) - Get Prudential Financial, Inc. Report
rose 2.5% after the company posted third-quarter results that beat earnings expectations. Excluding items, the insurance and investment company earned 92 cents a share on revenue of $5.03 billion. Analysts were expecting earnings of 77 cents a share. A year ago, the company earned 68 cents a share on revenue of $4.37 billion. Looking ahead, Prudential forecast full-year earnings of $3.30 to $3.40 a share, ahead of analysts' expectations of $3.29 a share. Shares traded up $1.17 to $48.
Shares of
LaCrosse Footwear
(BOOT) - Get Boot Barn Holdings, Inc. Report
rose 23.2% after the company posted strong third-quarter results. The footwear company earned 64 cents a share on sales of $34.5 million. A year ago, the company earned 36 cents a share on sales of $29.9 million. LaCrosse said that strength in occupational and recreational markets contributed to the quarter's results. Shares traded up $1.62 to $8.61.
NYSE volume leaders included
Lucent
( LU), up 2 cents to $3.61;
Merck
(MRK) - Get Merck & Co., Inc. Report
, up $1.07 to $27.87;
Pfizer
(PFE) - Get Pfizer Inc. Report
, up 75 cents to $29.45;
Advanced Micro Devices
(AMD) - Get Advanced Micro Devices, Inc. Report
, down 60 cents to $17.10;
Nortel Networks
( NT), up 4 cents to $3.53; and
Time Warner
(TWX)
, up 31 cents $16.59.
Nasdaq
volume leaders included
Intel
(INTC) - Get Intel Corporation Report
, up 10 cents to $22.67;
Microsoft
(MSFT) - Get Microsoft Corporation Report
, up 23 cents to $28.47;
Sirius Satellite Radio
(SIRI) - Get Sirius XM Holdings, Inc. Report
, down 4 cents to $3.92;
Cisco
(CSCO) - Get Cisco Systems, Inc. Report
, down 1 cent to $19.28;
Applied Materials
(AMAT) - Get Applied Materials, Inc. Report
, down 13 cents to $16.12; and
StemCells
(STEM)
, down 97 cents to $3.14.
