advanced after the propane company said first-quarter earnings grew to $55 million, or 87 cents per limited partner unit, from $37.2 million, or 67 cents per unit, last year, excluding a one-time gain of $7.1 million.
Revenue for the quarter was $630.2 million, up from $556.2 million a year ago, the company said, principally reflecting higher propane product prices. AmeriGas Partners gained 28 cents, or 0.9%, to $30.49.
slipped after the coal company agreed to acquire Buckeye Industrial Mining for $37.5 million. The company also said it planned to offer about 5 million shares. Part of the proceeds will be used to fund the Buckeye acquisition and plant-construction costs.
KFx gave the underwriters an option to purchase up to an additional 750,000 shares to cover overallotments. KFx fell $1.12, or 5.6%, to $18.97.
( EDO) gained after the company said it received a $30 million contract from
for sonar equipment on the new Spanish S-80A submarine. The initial award covers outboard sonar arrays on four conventionally powered submarines, the company said. Shares of EDO advanced 48 cents, or 1.7%, to $28.11.
were higher after the engineering company was awarded the rebid to its largest Federal Aviation Administration contract, the Global Positioning System Technical Assistance Contract 2.
The contract is worth about $60 million over two base years and one option year. Tetra Tech rose 72 cents, or 4.3%, to $17.38.