Stocks in Motion: Timken

Shares rise on a solid first-quarter earnings report.
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Shares of

Timberland

(TBL)

were among the

NYSE's

winners Tuesday, rising 9% after the company posted first-quarter earnings and sales that were well above Wall Street expectations.

The shoe company posted earnings of $42.2 million, or $1.22 a share, on sales of $354.2 million. Analysts polled by Thomson First Call were expecting earnings of 98 cents a share on sales of $341.8 million. A year ago the company earned $31.1 million, or 87 cents a share, on sales of $321.8 million. The company's latest results were helped by strong global footwear sales. Looking ahead, Timberland forecast flat to modest second-quarter sales gains on earnings that are expected to fall below last year's results of 22 cents a share. Analysts are expecting earnings of 22 cents a share during the second quarter on sales of $237.8 million. Timberland said that global business development costs, including investments against spring sales initiatives, would put pressure on second-quarter earnings. Shares were trading up $5.98 to $75.98.

Lone Star Technologies

(LSS)

rose 8% after the maker of oil-field equipment posted first-quarter earnings and sales that easily topped expectations. The company earned $38.9 million, or $1.30 a share, on sales of $297.8 million. Analysts were expecting earnings of $1.13 a share on sales of $279.6 million. A year ago the company earned $8 million, or 28 cents a share, on sales of $179.8 million. First-quarter results were fueled by higher prices for its tubular products and strong demand for its oilfield products. Shares were trading up $3.07 to $40.30.

Shares of

State Street

(STT) - Get Report

rose 8% after the investment services company posted first-quarter earnings that were above expectations. The company earned $226 million, or 67 cents a share, on sales of $1.31 billion. Analysts were expecting earnings of 62 cents a share on sales of $1.28 billion. A year ago, the company posted pro forma earnings of 67 cents a share on sales of $1.27 billion. Servicing fees rose 8% compared with a year ago while investment management fees climbed 20% vs. a year ago. Looking ahead, State Street reaffirmed its full-year earnings expectations, saying that it would post earnings at the low end of its previous guidance of $2.72 to $2.84 a share. Sales, meanwhile, will be at the low end of its $5.4 billion to $5.6 billion forecast. Analysts are expecting earnings of $2.71 a share on sales of $5.3 billion. Shares were trading up $3.31 to $44.50.

Timken

(TKR) - Get Report

rose 2% after the company posted first-quarter results that beat expectations and said that second-quarter earnings could top expectations as well. Excluding items, the steelmaker posted earnings of $58.9 million, or 64 cents a share, on sales of $1.3 billion. Analysts were expecting earnings of 60 cents a share on sales of $1.28 billion. A year ago the company posted earnings of $28 million, or 31 cents a share, on sales of $1.1 billion. Strong industrial and steel earnings easily offset relative weakness in the company's automotive group during the latest quarter, the company said. Looking ahead, Timken forecast second-quarter earnings of 55 cents to 60 cents a share. Analysts are expecting earnings of 55 cents a share on sales of $1.26 billion. Shares were trading up 41 cents to $26.76.

Shares of

Johnson Controls

(JCI) - Get Report

rose 3% after the auto parts maker posted in-line second-quarter earnings on better-than-expected sales. The company posted earnings from continuing operations of $165 million, or 85 cents a share, on sales of $7.1 billion. Analysts were expecting earnings of 85 cents a share on sales of $7.07 billion. Looking ahead, Johnson reiterated its 2005 earnings outlook, which calls for double-digit growth, and raised its sales growth target to 10% to 12%, up from 8% to 10%. Shares were trading up $1.30 to $55.41.

NYSE volume leaders included

Lucent Technologies

(LU)

, up 9 cents to $2.45;

EMC

(EMC)

, up $1.03 to $12.50;

Texas Instruments

(TXN) - Get Report

, up $1.18 to $24.10;

Pfizer

(PFE) - Get Report

, down 17 cents to $27.43;

General Motors

(GM) - Get Report

, down 79 cents to $25.40;

General Electric

(GE) - Get Report

, down 4 cents to $35.96; and

Exxon Mobil

(XOM) - Get Report

, up $1.03 to $58.28.

Nasdaq

volume leaders included

Intel

(INTC) - Get Report

, up 13 cents to $22.34;

Microsoft

(MSFT) - Get Report

, down 14 cents to $24.51;

Cisco

(CSCO) - Get Report

, up 21 cents to $17.23;

Apple Computer

(AAPL) - Get Report

, up 58 cents to $36.20;

Oracle

(ORCL) - Get Report

, down 8 cents to $11.72;

Applied Materials

(AMAT) - Get Report

, down 8 cents to $14.78; and

Sun Microsystems

(SUNW) - Get Report

, unchanged at $3.57.