Skip to main content

Shares of

Brunswick

(BC) - Get Brunswick Corporation Report

were among the

NYSE's

losers Thursday, tumbling 17% after the maker of boats and other recreational products posted fourth-quarter earnings that beat expectations, but warned that future profits would be below forecasts.

The company earned $88.3 million, or 90 cents a share, on sales of $1.49 billion, for the fourth quarter. Excluding several tax benefits, the company earned 73 cents a share. Analysts polled by Thomson First Call expected earnings of 72 cents a share and sales of $1.49 billion. During the year-earlier quarter, the company earned $58.8 million, or 59 cents a share, on sales of $1.33 billion.

Looking ahead, Brunswick sees first-quarter earnings of 56 cents to 60 cents a share, below the 73 cents a share that analysts are projecting. For all of 2006, the company sees earnings of $3.25 to $3.45 a share, well below the $3.88 a share that analysts expected.

"Marine retail was down significantly in the fourth quarter of 2005 versus the prior year, and, although it is too early in the boat show season to draw meaningful conclusions about retail demand for all of 2006, we see nothing which indicates retail demand across the marine industry will be anything but flat with 2005," the company said. "In fact, there could be downward pressures on marine retail demand driven by economic weakness in certain markets such as the Midwest." Brunswick shares were trading down $6.92 to $34.52.

Eagle Materials

(EXP) - Get Eagle Materials Inc. Report

soared 25% after the maker of construction materials posted blowout third-quarter earnings. The company's earnings rose to $39 million, or $2.20 a share, from $25.9 million, or $1.40 a share, a year earlier. Analysts projected earnings of $1.93 a share. Sales for the quarter ended Dec. 31 jumped to $211.5 million from $149.8 million.

Looking ahead, Eagle Materials sees fourth-quarter earnings of $2 to $2.20 a share, above the $1.73 a share that analysts are expecting. For fiscal 2007, the company sees earnings of $11 to $12 a share. Analysts expect earnings of $9.30 a share. Eagle also announced a 3-for-1 stock split, payable Feb. 24, to shareholders of record on Feb. 10. Shares were trading up $32.02 to $160.99.

Shares of

Airgas

(ARG)

Scroll to Continue

TheStreet Recommends

climbed 12% after the distributor of specialty gases and safety products posted better-than-expected third-quarter earnings and forecast fourth-quarter earnings above analyst projections. For the quarter ended Dec. 31, the company reported earnings from continuing operations of $32.7 million, or 41 cents a share, on sales of $702.4 million. Analysts expected earnings of 38 cents a share and sales of $711.7 million. During the year-earlier quarter, the company earned $22.9 million, or 30 cents a share, on sales of $601.1 million.

For the fourth quarter, Airgas sees earnings of 41 cents to 43 cents a share, above the 40 cents a share that analysts projected. Shares were up $3.77 to $36.49.

Cabot Microelectronics

(CCMP) - Get CMC Materials, Inc. Report

jumped 14% after the supplier of chemicals used by the semiconductor industry posted first-quarter earnings that were better than expected. The company earned $9.6 million, or 39 cents a share, on sales of $81.5 million, in the December period. Results included stock-based compensation costs of 7 cents a share. Analysts expected first-quarter earnings of 34 cents a share and sales of $75.6 million. During the year-earlier quarter, the company earned $9.8 million, or 40 cents a share, on sales of $67.1 million. Shares recently were up $4.15 to $34.38.

Shares of

Estee Lauder

(EL) - Get Estee Lauder Companies Inc. Class A Report

rose 3% after the cosmetics maker reported better-than-expected second-quarter earnings. The company earned $81.7 million, or 38 cents a share, on sales of $1.78 billion. Earnings from continuing operations, meanwhile, were $150.4 million, or 70 cents a share. Wall Street anticipated earnings of 56 cents a share and sales of $1.8 billion. During the year-earlier quarter, the company posted earnings from continuing operations of $139.7 million, or 61 cents a share, on sales of $1.74 billion.

For the full fiscal year, Estee Lauder sees earnings of $1.61 to $1.68 a share, including charges totaling 26 cents a share. Analysts are projecting earnings of $1.85 a share. Shares were trading up 93 cents to $35.20.

NYSE volume leaders included

Lucent Technologies

( LU), up 11 cents to $2.63;

Nokia

(NOK) - Get Nokia Oyj Report

, down 35 cents to $18.14;

General Electric

(GE) - Get General Electric Company Report

, up 15 cents to $32.91;

General Motors

(GM) - Get General Motors Company Report

, down $1.48 to $22.37;

Bristol-Myers Squibb

(BMY) - Get Bristol-Myers Squibb Company Report

, up 91 cents to $22.88;

Disney

(DIS) - Get Walt Disney Company Report

, down 39 cents to $25.05;

First Data

(FDC) - Get First Data Corporation Class A Report

, up $2.85 to $45.85; and

Pfizer

(PFE) - Get Pfizer Inc. Report

, up 5 cents to $24.88.

Nasdaq

volume leaders included

Juniper Networks

(JNPR) - Get Juniper Networks, Inc. Report

, down $4.20 to $17.32;

Intel

(INTC) - Get Intel Corporation Report

, up 27 cents to $21.48;

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

, down 12 cents to $18.45;

Conexant Systems

(CNXT) - Get VanEck Vectors ChinaAMC SME-ChiNext ETF Report

, up 21 cents to $3.48;

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

, up 2 cents to $4.46;

Oracle

(ORCL) - Get Oracle Corporation Report

, down 2 cents to $12.49;

Apple Computer

(AAPL) - Get Apple Inc. Report

, down $1.44 to $72.76;

Microsoft

(MSFT) - Get Microsoft Corporation Report

, up 23 cents to $26.63;

Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report

, down 2 cents to $5.90; and

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

, up 38 cents to $19.35.