Stocks in Motion: DreamWorks

Shares of the animation studio surge on their first day.
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Updated from 11:46 a.m. EDT

Shares of

Marvel Enterprises

(MVL)

were among the

NYSE's

winners Thursday, rising 10.2% after the company posted third-quarter earnings and sales above Wall Street expectations.

The licensing company earned 30 cents a share on sales of $135.2 million. Analysts polled by Thomson First Call were expecting earnings of 22 cents a share on sales of $99.3 million. Looking ahead, Marvel raised its full-year earnings forecast to 96 cents to 98 cents a share, up from its previous guidance of 92 cents to 97 cents a share. Sales are now expected to be between $490 million and $500 million, up from previous guidance of $448 million to $468 million. Analysts had been expecting earnings of 95 cents a share on sales of $465 million. Shares traded up $1.42 to $15.32.

Dynegy

(DYN)

rose 4.8% after the energy company posted strong third-quarter results and raised its 2004 earnings guidance. During the third quarter, Dynegy earned 16 cents a share on sales of $1.65 billion. Analysts were expecting earnings of 5 cents a share on sales of $2.04 billion. Dynegy said the solid results stemmed from higher crude oil, natural gas, and natural gas liquids prices, plus strong operational performance.

Looking ahead, the company raised its full-year earnings forecast to 20 cents to 25 cents a share, up from previous guidance of 3 cents to 8 cents a share. Analysts had been expecting earnings of 7 cents a share. Shares traded up 23 cents to $5.02.

Shares of

Newell Rubbermaid

(NWL) - Get Report

rose 8.9% after the consumer products company posted third-quarter results that topped expectations. Excluding items, the company earned 36 cents a share on sales of $1.67 billion. Analysts were expecting earnings of 33 cents a share on sales of $1.72 billion. For the full year, Rubbermaid expects earnings of $1.36 to $1.41 a share, ahead of analysts' forecasts. Shares traded up $1.72 to $21.

Agrium

(AGU)

fell slightly after the fertilizer company posted third-quarter earnings and sales that came in above expectations. Excluding items, the company earned 43 cents a share on sales of $733 million. Analysts were expecting earnings of 28 cents a share on sales of $615 million.

Looking ahead, Agrium expects fourth-quarter earnings of 37 cents to 47 cents a share, above the 36 cents that analysts are expecting. The company said that it is benefiting from strong fertilizer and retail markets, which will help offset a stronger Canadian dollar and a poor fall ammonia application season that was affected by weather. Shares traded down 11 cents to $16.45.

Shares of

Panera Bread

(PNRA)

flattened 9.6% after the company posted mixed earnings and warned that 2005 earnings results would fall short of expectations. The bakery operator earned 28 cents during the third quarter on sales of $113.8 million. Analysts were expecting earnings of 28 cents a share on sales of $116.4 million. Looking ahead, Panera forecast 2005 earnings of $1.50 to $1.55 a share, below analysts' expectations of $1.60 a share. Shares traded down $3.84 to $36.26.

DreamWorks Animation

(DWA)

rose 38.4% after it completed its initial public offering, pricing 29 million shares at $28 apiece, for proceeds of $812 million. The pricing came in ahead of its expected range of $23 to $25 a share. Goldman Sachs and J.P. Morgan Securities led the underwriting syndicate. Shares traded up $10.75 to $38.75.

Shares of

Build-A-Bear Workshop

(BBW) - Get Report

rose 25.3% on its first day of trading as a public company. The stuffed animal company priced about 7.5 million shares at $20 apiece, raising about $150 million. The pricing came in at the top end of its expected range of $18 to $20 a share. Credit Suisse First Boston and Citigroup led the underwriting syndicate. Shares traded up $5.05 to $25.05.

NYSE volume leaders included

Lucent

(LU)

, up 9 cents to $3.58;

Delta Air Lines

(DAL) - Get Report

, up 78 cents to $5.72;

Pfizer

(PFE) - Get Report

, down 33 cents to $28.71;

Texas Instruments

(TXN) - Get Report

, up 60 cents to $24.34; and

Nortel Networks

(NT)

, up 4 cents to $3.33.

Nasdaq

volume leaders included

JDS Uniphase

(JDSU)

, down 37 cents to $3.14;

Intel

(INTC) - Get Report

, up 27 cents to $22.27;

Microsoft

(MSFT) - Get Report

, down 14 cents to $28.01;

Cisco

(CSCO) - Get Report

, up 40 cents to $18.95; and

Sun Microsystems

(SUNW) - Get Report

, up 4 cents to $4.47.