Stocks in Motion: Shaw Group

The engineering and construction company's earnings triple on hurricane relief work.
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Shares of

Laidlaw

(LI) - Get Report

were among the

NYSE's

winners Friday, jumping 12% after the transportation company posted better-than-expected first-quarter results and lifted its 2006 earnings and sales targets.

For the first quarter ended Nov. 30, Laidlaw reported earnings from continuing operations of $58 million, or 58 cents a share, on sales of $847 million. Analysts polled by Thomson First Call expected earnings of 41 cents a share and sales of about $814 million. In the year-earlier first quarter, the company's earnings from continuing operations totaled $25 million, or 24 cents a share, while sales were $814 million.

Laidlaw now sees fiscal 2006 earnings of $1.30 to $1.50 a share, with sales growth of 1% to 3%. Previously, the company predicted earnings of $1.20 and $1.35 a share and sales ranging from a decline of 1% to an increase of 1%. Analysts expect 2006 earnings of $1.24 a share on sales of $3.02 billion. Laidlaw also announced a $200 million share repurchase plan. Shares were trading up $2.65 to $25.15.

Shaw Group

(SGR)

rose 7% after the engineering and construction services company posted first-quarter results that topped Wall Street forecasts. For the quarter ended Nov. 30, the company earned $32.7 million, or 41 cents a share, nearly tripling its year-earlier profit of $11 million, or 17 cents a share. Sales jumped to $1.14 billion from $808.5 million. Analysts expected earnings of 36 cents a share and sales of $1.05 billion. The company attributed the revenue growth to relief work related to hurricanes Katrina and Rita.

Shaw also reported a backlog of $6.9 billion as of Nov. 30, which is up from $6.7 billion at the end of August. About $3.1 billion, or 46%, of the backlog is expected to be converted during the next 12 months, the company said. Shares were trading up $2.01 to $32.15.

Shares of

Best Buy

(BBY) - Get Report

rose 7% after the consumer electronics retailer posted a higher-than-expected 5.8% December same-store sales gain and said that fourth-quarter earnings would approach the top end of its previous guidance. Total sales during the December period rose 12% to $5.7 billion from $5.1 billion.

"Our particularly strong December revenue results, coupled with actions to reduce the growth in our expense rate, give us confidence that our fourth-quarter comparable store sales gain and our earnings will approach the top of our range," the company said. Previously, Best Buy predicted fourth-quarter earnings of $1.06 to $1.16 a share and fiscal 2006 earnings of $2.05 to $2.15 a share. Analysts are expecting fourth-quarter earnings of $1.12 a share and full-year earnings of $2.10 a share. Shares were trading up $2.92 to $46.42.

Taser International

(TASR)

rose 4% after a court dismissed a wrongful death lawsuit against the stun gun company. The U.S. District Court for the Northern District of Texas dismissed the case "for failure to state a claim upon which relief can be granted," Taser said in a statement. The dismissal marks the 10th wrongful death or injury lawsuit that has been dismissed or judgment entered in favor of Taser during the past 18 months, the company said. Shares were recently trading up 36 cents to $7.60.

Shares of

CalAmp

(CAMP) - Get Report

slumped 10% after the company posted solid third-quarter results but cautioned that fourth-quarter results would be sequentially lower. The provider of wireless equipment reported earnings of $5.4 million, or 23 cents a share, on sales of $64.5 million. The lone analyst forecast called for earnings of 19 cents a share and sales of $65 million. During last year's third quarter, the company earned $1.8 million, or 8 cents a share, on sales of $57.1 million.

For the fourth quarter ending in February, CalAmp sees earnings of 13 cents to 18 cents a share and sales of $50 million to $58 million. The company said results would fall from the third quarter because of seasonality and a planned product transition of one of its DBS customers. A single analyst is expecting earnings of 17 cents a share on sales of $60 million. Shares were trading down $1.06 to $10.05.

NYSE volume leaders included

EMC

(EMC)

, down 30 cents to $13.68;

Lucent Technologies

(LU)

, down 4 cents to $2.73;

Verizon Communications

(VZ) - Get Report

, up 21 cents to $31.43;

Nortel Networks

(NT)

, up 5 cents to $3.35;

Ford

(F) - Get Report

, up 2 cents to $8.37;

Motorola

(MOT)

, up 36 cents to $23.88;

Pfizer

(PFE) - Get Report

, up 18 cents to $24.76; and

Wal-Mart

(WMT) - Get Report

, down 48 cents to $45.21.

Nasdaq

volume leaders included

Cisco Systems

(CSCO) - Get Report

, up 38 cents to $18.73;

Sun Microsystems

(SUNW) - Get Report

, up 10 cents to $4.79;

Microsoft

(MSFT) - Get Report

, down 42 cents to $26.57;

Oracle

(ORCL) - Get Report

, up 2 cents to $12.81;

Intel

(INTC) - Get Report

, up 9 cents to $26.36;

Yahoo!

(YHOO)

, up $1.71 to $43.24;

Sirius Satellite Radio

(SIRI) - Get Report

, up 5 cents to $6.44;

Sonus Networks

(SONS)

, up 41 cents to $4.80; and

JDSU

(JDSU)

, up 4 cents to $2.62.