were among the
winners Thursday, jumping 12% after the diversified manufacturer posted solid third-quarter results and boosted its guidance.
The company posted net income of $18.9 million, or 35 cents a share, up from $15.4 million, or 31 cents a share, a year earlier. Sales rose 19% to $322 million from $271.5 million last year, with strength in each of the company's three segments. Analysts polled by Thomson First Call had expected earnings of 31 cents a share and sales of $304.4 million.
For all of 2006, Barnes forecast earnings per share of $1.33 to $1.35, up from its prior view of $1.28 to $1.33. Analysts expect earnings of $1.31 a share, according to First Call. Shares of Barnes were adding $2.15 to $20.40.
( MHP) shares rose 5% after the publisher reported a better-than-expected third-quarter profit and raised its full-year earnings target. The company posted income of $382.3 million, or $1.06 a share, up from $381.3 million, or $1 a share, a year earlier. The earnings per share for the latest period included 3 cents in restructuring charges and 3 cents from stock options costs. Analysts had an average estimate for earnings of $1 a share.
For the full year, McGraw-Hill raised its earnings forecast to $2.53 to $2.55 a share, excluding charges. The company previously projected earnings of $2.44 to $2.49 a share. Analysts, on average, predict earnings per share of $2.41 for 2006. McGraw-Hill shares recently changed hands at $62.27, up $3.24.
rose 4% after the coal company posted better-than-expected third-quarter earnings. The company earned $142 million, or 53 cents a share, up from $113.3 million, or 42 cents a share, a year earlier. Peabody's revenue climbed to $1.27 billion from $1.22 billion last year. Analysts expected earnings of 44 cents a share and revenue of $1.4 billion.
For the full year, Peabody continues to expect earnings of $2 to $2.43 a share. Analysts, on average, forecast earnings of $2.21 a share. Shares were trading up $1.75 to $42.70.
Accredited Home Lenders
( LEND) tumbled 12% after the mortgage lender warned that full-year earnings would be below its previous guidance of $4.50 to $5 a share. Analysts polled by Thomson First Call project earnings of $4.78 a share. The company said "increasing turbulence" has hurt its ability to meet projections. In particular, Accredited said its results are being hit by lower-than-expected origination volumes, higher delinquency rates, and whole loan premiums and securitization returns that are being pressured. Shares were down $4.04 to $30.86.
Investors Financial Services
( IFIN) slid 10% after the company, which provides services to asset managers, posted third-quarter results that fell short of Wall Street's forecast. The company earned $36.4 million, or 54 cents a share, on net operating revenue of $193.9 million. Analysts expected earnings of 56 cents a share and revenue of $197.2 million. During the year-earlier period, the company earned $35.2 million, or 53 cents a share, on revenue of $169.3 million.
Looking ahead, Investors Financial sees 2006 earnings of $2.25 to $2.30 a share on net operating revenue growth of 14%. The guidance includes a tax benefit of 8 cents a share. Analysts project earnings of $2.27 a share and revenue of $799 million, or revenue growth of 15%. Shares were trading down $4.15 to $38.51.
Briggs & Stratton
sank 10% after the maker of power tools posted first-quarter results that were well below expectations. The company reported a loss of $18 million, or 36 cents a share, for the September quarter, reversing a year-earlier profit of $4.7 million, or 9 cents a share. Analysts expected a loss of 23 cents a share. Revenue tumbled to $338.2 million from $511.7 million last year, and missed Wall Street's projection of $442 million.
Briggs & Stratton sees second-quarter results ranging from break even to a loss of $5 million. Analysts had forecast a second-quarter profit of 43 cents a share. Shares were trading down $2.87 to $25.99.
The NYSE's volume leaders were
Advanced Micro Devices
, down $2.45 to $21.78;
, down $1.81 to $17.16;
, down 62 cents to $19.25;
, up 24 cents to $28.34;
, down $1.31 to $21.49;
( MOT), down 22 cents to $23.42;
, up 77 cents to $15.91; and
, up 96 cents to $33.90.
top volume movers included
, up $5 to $79.53;
, down 12 cents to $20.99;
, down $6.68 to $28.38;
, up $1.89;
, up 4 cents to $5.24;
, down 36 cents to $23.82;
, down 7 cents to $28.44;
, up 49 cents to $23.48;
Level 3 Communications
, down 8 cents to $5.69;
, down $1.22 to $23.48; and
, down 16 cents to $17.66.