Archer Daniels Midland
were among the
winners Thursday, rising 9% after the grain processor's fiscal second-quarter results easily topped estimates.
For the period ended Dec. 31, the company earned $441.3 million, or 67 cents a share, on revenue of $10.98 billion. Analysts polled by Thomson Financial expected earnings of 60 cents a share on revenue of $9.52 billion. During the year-earlier quarter, Archer Daniels earned $367.7 million, or 56 cents a share, on revenue of $9.3 billion. Shares were trading up $2.86 to $34.86.
rose 10% after the supplier of packaging products posted better-than-expected fourth-quarter earnings. The company earned $20.8 million, or 55 cents a share, on revenue of $644 million. The results included pretax charges of $6.3 million, or 11 cents a share. Analysts predicted earnings of 47 cents a share on revenue of $648.1 million. A year earlier, the company earned $14 million, or 37 cents a share, on revenue of $586.8 million.
Looking ahead, Silgan sees first-quarter adjusted earnings of 40 cents to 50 cents a share and full-year adjusted earnings of $3.10 to $3.20 a share. Analysts project first-quarter earnings of 50 cents a share and full-year earnings of $3.02 a share. Shares were trading up $4.81 to $51.64.
vaulted 20% after the oil-services company's fourth-quarter results surpassed expectations. The company earned $15 million, or 61 cents a share, on revenue of $87 million. Analysts expected earnings of 56 cents a share on revenue of $80.2 million. A year earlier, Carbo Ceramics earned $10.4 million, or 43 cents a share, on revenue of $63.6 million. Shares were surging $7.32 to $44.20.
( ASD) rose 7% after the company said that it plans to separate its three businesses. The company said that it plans to retain its air conditioning systems business while spinning off its global vehicle control systems business. The company also plans to sell its bath and kitchen business.
American Standard also posted fourth-quarter earnings of $114.3 million, or 56 cents a share, on revenue of $2.7 billion. Excluding certain items, the company earned 51 cents a share. Analysts expected earnings of 51 cents a share, before items, and revenue of $2.74 billion. During the year-earlier period, the company earned $64.4 million, or 30 cents a share, on revenue of $2.55 billion. Shares were trading up $3.35 to $52.74.
fell 7% after the athletic-apparel maker's fourth-quarter earnings missed expectations. The company earned $11.9 million, or 24 cents a share, on revenue of $135.3 million. Analysts projected earnings of 25 cents a share, with revenue of $125 million. During the year-earlier period, the company earned $7 million, or 8 cents a share, on revenue of $87.3 million.
For 2007, Under Armour forecast earnings from continuing operations of $74.5 million to $77.5 million, with revenue of $560 million to $580 million. Analysts project earnings of 97 cents a share and revenue of $566.7 million. Shares were trading down $3.62 to $47.18.
NYSE volume leaders included
Equity Office Properties
( EOP), down 65 cents to $54.90;
( MOT), down 2 cents to $19.83;
, down 9 cents to $35.96;
, down 45 cents to $13.54;
, up 24 cents to $26.48;
, up 7 cents to $8.20;
, up 2 cents to $17.85; and
Advanced Micro Devices
, up 10 cents to $15.65.
volume leaders included
, up 31 cents to $24.53;
, down 12 cents to $6.52;
, down 14 cents to $26.48;
, up 97 cents to $9.33;
, down 5 cents to $20.91; and
, down 40 cents to $30.46.