were among the
winners Tuesday, jumping 13% after financier Carl Icahn agreed to buy $200 million of the auto parts supplier's shares.
Lear will sell roughly 8.7 million shares at $23 apiece to affiliates of Icahn and certain of his funds. As part of the transaction, Icahn will have the right to put a representative on the company's board. Lear said the proceeds of the offering will be used for strategic investments and to provide increased financial and operating flexibility. Shares were trading up $3.30 to $27.89.
shares rose 4% after the staffing company's third-quarter earnings handily beat Wall Street's estimates. The company earned $100.6 million, or $1.16 a share, in the quarter, compared with $76.3 million, or 87 cents a share, a year ago. Analysts polled by Thomson First Call expected earnings of $1.03 a share in the most recent quarter. Revenue rose 12% from a year ago to $4.64 billion, surpassing Wall Street's target of $4.61 billion.
Manpower sees fourth-quarter earnings of $1.14 to $1.18 a share, including a favorable currency impact of 4 cents a share. Analysts anticipated earnings per share of $1.06. Shares were up $2.29 to $67.01.
fell 5% after the furniture maker posted weaker-than-anticipated third-quarter results and warned that fourth-quarter earnings also will be below expectations. The company earned $3 million, or 26 cents a share, on revenue of $75.9 million. Analysts polled by Thomson First Call expected earnings of 28 cents a share and revenue of $77.5 million. During the year-earlier quarter, the company earned $5.8 million, or 44 cents a share, on revenue of $85.6 million.
For the fourth quarter, Stanley Furniture sees fourth-quarter earnings of 13 cents to 16 cents a share and revenue of $69 million to $71.5 million. Analysts project earnings of 25 cents a share on revenue of $75.8 million. Shares were trading down $1.01 to $20.73.
( ASD) slid 2% after the plumbing and air-conditioning equipment maker posted in-line third-quarter earnings but cut its full-year profit forecast. For the third quarter, the company earned $150.9 million, or 74 cents a share, down from $159.1 million, or 74 cents a share, a year earlier. Excluding items, the company earned $167.2 million, or 82 cents a share, matching the mean analyst estimate. Revenue rose to $2.96 billion from $2.62 billion, compared with analysts' projection of $2.84 billion.
Looking ahead, American Standard now sees full-year earnings of $2.53 to $2.58 a share, down from an earlier view of $2.70 to $2.80 a share. On an adjusted basis, the company lowered its forecast to $2.65 to $2.70 a share from an earlier projection of $2.70 to $2.80 a share. Analysts, on average, anticipate adjusted earnings of $2.73 a share. Shares were down 91 cents to $43.09.
fell 5% after the packaging company posted third-quarter earnings that missed expectations by a penny a share. The company earned $85 million, or 51 cents a share, on revenue of $2.02 billion. Analysts expected earnings of 52 cents a share and revenue of $2.02 billion. During the year-earlier period, Crown earned $78 million, or 47 cents a share, on revenue of $1.89 billion. Shares were trading down 99 cents to $18.68.
fell 2% even after the industrial giant posted better-than-expected third-quarter results and boosted its full-year earnings forecast. For the third quarter, United Tech earned $996 million, or 99 cents a share, up from $821 million, or 81 cents a share, a year earlier. Revenue jumped to $12.16 billion from $10.91 billion. Analysts, on average, expected earnings of 96 cents a share and revenue of $11.92 billion.
United Tech predicts full-year earnings of $3.65 to $3.69 a share, up from an earlier forecast of $3.55 to $3.65 a share. Analysts see earnings of $3.66 a share. Shares recently changed hands at $65.17, down $1.62.
NYSE volume leaders included
( LU), down 1 cent to $2.35;
, down 85 cents to $11.98;
( MOT), down 75 cents to $24.74;
, down 12 cents to $7.96;
, down 8 cents to $27.58;
, down 76 cents to $14.52;
, up 8 cents to $8.25;
( ALA), down 17 cents to $12.08;
, down 15 cents to $35.41; and
Advanced Micro Devices
, down $1.20 to $24.18.
volume leaders included
Level 3 Communications
, up 21 cents to $5.53;
, down 47 cents to $21.14;
, down 39 cents to $23.79;
, down 5 cents to $5.17;
, down 23 cents to $24.36;
, down 15 cents to $28.30;
( BWNG), up $1.93 to $15.21; and
, up 47 cents to $22.10.