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Wednesday's Winners & Losers: Foster Wheeler

Shares jump after the engineering firm beats estimates and declares a stock split.
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Foster Wheeler


was among the market's winners Wednesday, with shares jumping 10% after the company topped third-quarter forecasts and announced a stock split.

The engineering and construction services concern reported an adjusted third-quarter profit of $120.5 million, or $1.66 a share. Analysts polled by Thomson Financial had forecast earnings of $1.38 a share. Revenue surged 43% to $1.3 billion, exceeding Wall Street's projection of $1.27 billion.

Foster Wheeler also said it plans a 2-for-1 stock split, subject to approval at a shareholder meeting in January. The stock was gaining $12.11 to $147.42.

Shares of

Clean Harbors


surged 11% after the waste-management concern beat third-quarter estimates. The company reported third-quarter earnings of $12.9 million, or 63 cents a share, on revenue of $245.5 million. Analysts anticipated earnings of 57 cents a share and revenue of $238.5 million.

For the year, Clean Harbors now sees revenue growth of 12% to 13%, up from its prior guidance. Shares jumped $5.30 to $55.

Polo Ralph Lauren

(RL) - Get Free Report

shares rose 3% after the clothing company's second-quarter EPS topped Wall Street's forecast by a nickel. For the quarter ended Sept. 29, Ralph Lauren earned $115 million, or $1.09 a share, on revenue of $1.30 billion. Analysts expected earnings of $1.03 a share and revenue of $1.27 billion.

The company narrowed its fiscal 2008 profit forecast to a range of $3.50 to $3.60 a share from a prior view of $3.64 to $3.74. The new guidance is below analysts' average estimate of $3.71. Nonetheless, shares of Ralph Lauren were rising $2.13 to $68.46.

Among losers,

Dollar Thrifty


dropped 15% after the rental car company missed third-quarter targets and cut its outlook. The company's adjusted earnings were $24.1 million, or $1.01 a share, on revenue of $522 million. Analysts expected a profit of $1.14 a share.

For the year, Dollar Thrifty lowered its earnings forecast to $1.75 to $1.85 a share from a prior view of $2 to $2.40. Wall Street had forecast a $2.15-a-share 2007 profit. Shares of Dollar Thrifty were down $4.96 to $27.71.

Pacer International


slid 12% after the freight transportation and logistics company said its president is leaving. Tom Shurstad will be pursuing other interests, the company said. Don Orris, retired CEO and current director, will assume the role of president of Pacer's intermodal segment. Shares were slipping $1.75 to $13.03.