Archer Daniels Midland
were among the
winners Tuesday, climbing 11% after the grain processor posted better-than-expected second-quarter results.
For the quarter ended Dec. 31, the company earned $367.7 million, or 56 cents a share, on sales of $9.3 billion. Results included a $36 million tax credit, a $19 million impairment charge, and severance costs of $15 million.
Analysts surveyed by Thomson First Call expected earnings of 42 cents a share on sales of $9.18 billion. During the year-earlier period, the company earned $313.5 million, or 48 cents a share, on sales of $9.06 billion. Year-ago earnings included a $45 million investment gain. Archer Daniels shares were trading up $3.15 to $31.89.
fell 9% after the company posted in-line fourth-quarter earnings but issued a first-quarter profit forecast that was below Wall Street's projection. The maker of Tupperware products earned $31.2 million, or 51 cents a share, on sales of $361.8 million. Excluding one-time items, the company earned 54 cents a share, matching analysts' mean estimate. During the year-earlier quarter, the company earned $35.8 million, or 61 cents a share, on sales of $357.7 million.
Looking ahead, Tupperware sees first-quarter adjusted earnings -- which strips out one-time items but includes a 3-cent-a-share reduction in earnings due to foreign exchange fluctuations -- of 35 cents to 37 cents a share. Analysts expect earnings of 46 cents a share. The company expects sales of $425 million to $435 million. For all of 2006, the company now sees adjusted earnings of $1.72 to $1.82 a share, up from an earlier forecast of $1.65 to $1.75 a share. The company continues to project sales of $1.75 billion to $1.8 billion. Shares were down $2 to $21.
jumped 13% after
The Wall Street Journal
reported that the chemical company is up for sale. According to the report, Huntsman is in "serious discussions" to be sold for more than $4.3 billion. Buyout firm Apollo Management is considered a leading candidate, the
said. Shares of Huntsman recently traded at $21.99, up $2.59.
Illinois Tool Works
fell 4% after the manufacturer posted lower-than-expected fourth-quarter sales and warned that first-quarter earnings would fall short of analysts' forecast. The company earned $400.6 million, or $1.42 a share, on sales of $3.29 billion during the fourth quarter. The company said a reduction in its tax rate contributed 4 cents a share to its bottom line. Analysts expected earnings of $1.39 a share on sales of $3.33 billion. During the year-earlier quarter, the company earned $358.1 million, or $1.21 a share, on sales of $3.05 billion.
For the first quarter, Illinois Tool Works sees earnings of $1.12 to $1.18 a share and sales growth of 2.7% to 4.7%. Analysts project earnings of $1.22 a share and sales of $3.26 billion, or sales growth of about 6%. Shares recently were down $3.30 to $85.23.
( ASD) fell 5% after the company posted in-line fourth-quarter earnings but issued a soft first-quarter earnings guidance. The plumbing and air-conditioning equipment maker earned $64.4 million, or 30 cents a share, for the first quarter. Excluding items, the company earned $98.2 million, or 46 cents a share, matching analysts' forecast. American Standard posted sales of $2.55 billion, compared with Wall Street's prediction of $2.5 billion. A year earlier, the company reported a loss of $86.9 million, or 41 cents a share, on sales of $2.35 billion. Excluding items, the company earned $100.9 million, or 46 cents a share, a year earlier.
American Standard sees first-quarter adjusted earnings of 39 cents to 43 cents a share on sales growth of 6% to 8%. Analysts project earnings of 48 cents a share on sales of $2.45 billion, or sales growth of about 5%. Shares were recently trading down $1.71 to $35.79.
( SPC) tumbled 10% after the consumer products company posted in-line fiscal first-quarter earnings but issued a disappointing forecast for the second and third quarters. The company, formerly known as Rayovac, earned $2.3 million, or 5 cents a share, on sales of $620 million. Excluding items, the company reported earnings of $11 million, or 22 cents a share, for the quarter ended Jan. 1. Analysts expected earnings of 22 cents a share, before items, on sales of $684.8 million. For the year-ago quarter, the company posted adjusted earnings of $27.9 million, or 78 cents a share, on sales of $490.8 million.
Looking ahead, Spectrum Brands sees second-quarter earnings of 35 cents to 40 cents a share and third-quarter earnings of 85 cents to 90 cents a share. The projections exclude certain items. Analysts forecast second-quarter earnings of 48 cents a share and third-quarter earnings per share of 98 cents. Shares were trading down $2.21 to $19.26.
NYSE volume leaders included
( LU), down 1 cent to $2.66;
, down 22 cents to $17.33;
, down 7 cents to $25.87;
, down $3.03 to $15.73;
, down 6 cents to $32.87; and
, down 25 cents to $62.86.
volume leaders included
, up 9 cents to $4.46;
, down 36 cents to $18.53;
( NAPS), up 82 cents to $3.94;
, down 1 cent to $27.99;
, down 25 cents to $21.40;
, down 17 cents to $12.44;
, down 7 cents to $3.05; and
, up 18 cents to $75.18.