As earnings reports continued to flood in, consumer-products makers were among Wall Street's big movers Tuesday.
shares climbed 3% after the company posted adjusted earnings that topped analysts' average estimate by a penny. The maker of Ajax cleaner and Irish Spring soap reported an adjusted profit of $466.4 million, or 86 cents a share, compared with analysts' 85-cent projection. Sales rose 12% to $3.53 billion, beating Wall Street forecast of $3.48 billion. Shares of Colgate were up $1.99 to $76.25.
also beat estimates by a penny, posting earnings of $139.1 million, or 32 cents a share. The cosmetics company's third-quarter revenue rose 14% to $2.35 billion, exceeding Wall Street's target of $2.27 billion. Shares were adding $1.64, or 4.2%, to $40.71.
was on the losing side, with shares sliding 7% after the battery and razor maker missed analysts' third-quarter targets. The company reported earnings of $60.3 million, or $1.03 a share, compared with Wall Street's estimate of $1.05. Revenue rose 5.4% to $875 million, short of analysts' average estimate of $903 million. Shares were down $7.74 to $102.92.
Procter & Gamble
fell 4% after the company said fiscal second-quarter profits may miss Wall Street targets. For the September quarter, the maker of Tide detergent and Pantene shampoo reported earnings of $3.08 billion, or 92 cents a share, including a 2-cent-a-share tax gain. Analysts expected earnings of 90 cents a share. Sales rose 8% to $20.2 billion, in line with Wall Street's $20.23 billion forecast.
For the second quarter ending in December, P&G forecast earnings of 95 cents to 97 cents a share, allowing for downside to Wall Street's 95-cent forecast. Shares were down $2.77 to $69.06.
Elsewhere, shares of
rose 8% after the athletic-clothing maker beat earnings targets and boosted its full-year outlook. For the third quarter, Under Armour earned $20 million, or 40 cents a share, on $186.9 million in sales. Analysts anticipated earnings of 30 cents a share and sales of $171 million.
For the year, Under Armour forecast income from operations of $81.5 million to $83 million, up from its prior view of $79 million to $81 million. The company raised its 2007 projection by $10 million to a range of $590 million to $600 million. Shares were up $4.42 to $63.15.
jumped 9% after the company topped third-quarter profit estimates and lifted its guidance. The agricultural-equipment maker posted adjusted earnings of $74.2 million, or 77 cents a share, smashing the average analyst estimate of 30 cents. Sales rose 37% to $1.61 billion, beating Wall Street's target of $1.37 billion.
For the full year, Agco boosted its earnings forecast to $2.10 to $2.20 a share from a prior range of $1.55 to $1.60. Analysts project 2007 earnings of $1.76 a share, according to Thomson. Shares of Agco were up $4.73 to $58.54.