Updated from 12:28 p.m. EDT
were among the
winners Wednesday, rising 11.9% after the company said
had acquired an unspecified amount of shares and expressed an interest in merging.
General Maritime, a provider of seaborne crude oil transportation services, said that no formal offer or proposal has been made by Frontline. General Maritime also said that it "is not actively looking to sell the company or enter into a business combination, but has always been and remains committed to exploring all opportunities that create value for our shareholders." Shares traded up $5.24 to $49.21.
fell 5.5% after the company said a 10-million-share secondary offering of its stock was priced at $29.50 each. The seller is
. The stock deal is expected to close on Dec. 13. Shares of Pilgrim's traded down $1.66 to $28.65.
rose 6.6% after the company posted fourth-quarter earnings and sales that topped expectations. The maker of outdoor maintenance products earned $6.9 million, or 28 cents a share, on sales of $336.9 million. Analysts polled by Thomson First Call were expecting earnings of 21 cents a share on sales of $324.4 million. During last year's fourth quarter the company earned $5.6 million, or 21 cents a share, on sales of $310.3 million. Looking ahead, Toro forecast first-quarter earnings of 38 cents to 43 cents a share, in line with expectations. Shares traded up $4.78 to $77.48.
rose 4.7% after the company posted second-quarter earnings and sales that beat expectations. The recruitment services company earned $8.7 million, or 21 cents a share, on fee revenue of $108.5 million. Analysts were expecting earnings of 18 cents a share on sales revenue of $104.4 million. During last year's second quarter the company earned $2.2 million, or 6 cents a share, on fee revenue of $76.7 million. Looking ahead, Korn/Ferry forecast third-quarter earnings of 16 cents to 21 cents a share on fee revenue of $100 million to $108 million. Analysts are looking for earnings of 18 cents a share on revenue of $106.7 million. Shares traded up 90 cents to $20.15.
rose modestly after the company posted in-line third-quarter earnings and raised its full-year outlook. The watchmaker earned $11.3 million, or 44 cents a share, on sales of $127 million. Analysts were expecting earnings of 44 cents a share on sales of $128.5 million. Looking ahead, Movado now expects full-year earnings of 98 cents to $1.02 a share, up from its previous estimate of 96 cents to $1 a share. Analysts are expecting earnings of 99 cents a share. Shares traded up 5 cents to $17.25.
NYSE volume leaders included
( LU), down 6 cents to $3.73;
( NT), up 3 cents to $3.76;
, up 30 cents to $27.50;
, up 80 cents to $28.69; and
, down 53 cents to $4.70.
volume leaders included
Sirius Satellite Radio
, down $2.11 to $6.90;
, up 29 cents to $27.36;
, down 47 cents to $23.01;
, up 7 cents to $19.80; and
, up 15 cents to $13.21.