were among the
winners Thursday, jumping 18% after the watch maker posted first-quarter results that easily topped forecasts.
The company reported earnings of $2.9 million, or 11 cents a share, on sales of $97.7 million. Analysts polled by Thomson First Call expected earnings of 2 cents a share on sales of $95.4 million. During the year-earlier period, the company earned $997,000, or 4 cents a share, on sales of $87.8 million. "In addition to the robust sales performance in the first quarter, our global teams demonstrated strong operating disciplines which translated into expanded gross margins and operating profit growth," the company said.
Movado raised its full-year earnings forecast to $1.53 to $1.58 a share from an earlier view of $1.35 to $1.39 a share. Analysts project earnings of $1.38 a share. The company now sees sales growth at the top end of its previous range of 9% to 11%. Shares were trading up $3.35 to $22.04.
rose 1% after the tax-preparation company posted in-line fourth-quarter earnings and better-than-expected sales. For the quarter ended April 30, the company earned $58 million, or $1.62 a share, on sales of $165 million. Analysts expected earnings of $1.62 a share and sales of $163 million. A year earlier, Jackson Hewitt earned $54.6 million, or $1.44 a share, on sales of $143.1 million. Shares were trading up 36 cents to $33.06.
fell 5% after the construction-products company agreed to sell its fittings group and announced plans to sell $450 million of convertible notes due 2036. Trinity is selling its fittings group to the management team of the unit and investment firm Levine Leichtman Capital Partners. "While the fittings business is a current contributor to Trinity's profitability, we do not view it as a core part of our strategy," Trinity said. Financial terms of the deal, which is expected to close within 30 days, weren't disclosed.
As for the company's $450 million convertible subordinated notes offering, Trinity plans to use proceeds for general purposes, including the expansion of its railcar leasing business. The company may also use some of the proceeds to pay down debt. Shares recently were down $3.17 to $59.17.
rose 1% after the natural gas producer agreed to buy privately held Peak Energy Resources for about $105 million in stock. Peak Energy is a producer in the Barnett Shale, a reserve in Texas. "Our strategy for investment in the Barnett Shale reflects our commitment to low operational risk and healthy economic returns," XTO said. "Peak Energy offers XTO the opportunity to invest in the best noncore areas of the play where we anticipate its greatest potential." The acquisition is expected to close on June 30. XTO shares were trading at $41.67, up 45 cents.
fell 2% after the discount retailer posted first-quarter earnings that were a penny short of expectations and gave a weaker-than-anticipated second-quarter guidance. The company earned $47.7 million, or 15 cents a share, in the first quarter, down from $64.9 million, or 20 cents a share, a year earlier. Sales rose to $2.15 billion from $1.98 billion, while same-store sales increased 1.6%. Analysts expected earnings of 16 cents a share on sales of $2.14 billion.
Looking ahead, Dollar General forecast second-quarter earnings of 18 cents to 22 cents a share. Analysts project earnings of 23 cents a share. "The company believes that certain economic factors, such as high gasoline prices and higher interest rates and consumer debt levels continue to impact its customers' spending, particularly on discretionary purchases, which typically have higher gross profit," the retailer said. For the full year, Dollar General sees earnings of $1.09 to $1.16 a share, in line with the $1.15 a share that analysts project. Shares were trading down 34 cents to $15.96.
NYSE volume leaders included
, up 58 cents to $26.64;
, up 33 cents to $23.99;
, up 11 cents to $7.12;
, up 9 cents to $34.35;
, unchanged at $2.55;
, down 45 cents to $60.46; and
, up 16 cents to $17.37.
volume leaders included
, down 16 cents to $4.47;
Sirius Satellite Radio
, down 14 cents to $4.36;
, up 10 cents to $4.40;
, down 7 cents to $17.95;
, up 4 cents to $22.69;
, up 36 cents to $20.04; and
, up 1 cent to $3.04.