Shares of WCI Communities ( WCI) were among the NYSE's winners Tuesday, jumping 10% after financier Carl Icahn disclosed that he boosted his stake in the homebuilder. According to a Securities and Exchange Commission filing, Icahn and his affiliates now own about 14.6% of WCI's stock. The filing said that the buyers acquired the shares because they believe them to be undervalued. Icahn also plans to contact the company to discuss the business and how to unlock value on the shares, the filing indicated. Shares of WCI recently were trading up $2.10 to $23.12. TD Ameritrade ( AMTD) climbed 5% after the online brokerage firm posted better-than-expected first-quarter results. The company earned $145.6 million, or 24 cents a share, for the December quarter. Excluding items, earnings were $173 million, or 28 cents a share. Analysts polled by Thomson First Call expected earnings of 22 cents a share, before items. Ameritrade's revenue totaled $535.2 million, topping Wall Street's estimate of $517.4 million. During the year-earlier quarter, the company earned $86 million, or 21 cents a share, on revenue of $277.3 million. For 2007, TD Ameritrade projects earnings of $1.10 a share. Analysts predict earnings of $1.12 a share. Shares were adding $1 to $18.35. Shares of Tidewater ( TDW) rose 1% after the provider of offshore supply vessels predicted that third-quarter earnings will top Wall Street's expectation. For the quarter ended Dec. 31, the company estimates earnings of $1.61 to $1.68 a share, including a one-time gain of 7 cents a share. Analysts, on average, project earnings of $1.45 a share. Shares were trading up 59 cents to $46.12.
Monro Muffler Brake ( MNRO) rose 5% after the auto-repair company posted in-line third-quarter results. For the quarter ended Dec. 23, the company earned $4.9 million, or 32 cents a share, up from $4.1 million, or 27 cents a share, a year earlier. Revenue rose to $103.8 million from $90.2 million. Analysts predicted earnings of 32 cents a share and revenue of $103.4 million. Looking ahead, Monro forecast fourth-quarter earnings of 37 cents to 40 cents a share. Analysts project earnings of 40 cents a share. The stock was up $1.61 to $36.93. Shares of SkyWest ( SKYW) rose 2% even after the airline said that fourth-quarter earnings likely will miss expectations. The company predicted earnings of $28.5 million to $32.3 million, or 44 cents to 50 cents a share. Analysts project earnings of 63 cents a share. The company said its results were hurt by the bad weather in Denver during December. Still, shares were up 52 cents to $28.26. IndyMac ( NDE) fell 7% after the bank holding company lowered its fourth-quarter earnings estimate. The company expects to post earnings of 97 cents a share, below its previous guidance of $1.30 to $1.40 a share. "This shortfall reflects the challenging times being faced by the mortgage and housing industries and the difficult nature of forecasting earnings in our business," the company said. Shares were trading at $40.55, down $3.
NYSE volume leaders included Ford ( F), up 2 cents to $7.91; Advanced Micro Devices ( AMD), down 5 cents to $18.21; General Electric ( GE), up 6 cents to $37.95; EMC ( EMC), down 14 cents to $14.12; Motorola ( MOT), up 6 cents to $18.07; Nokia ( NOK), up 32 cents to $19.81; and Pfizer ( PFE), down 1 cent to $26.63. The Nasdaq's heaviest traded stocks included Symantec ( SYMC), down $1.95 to $18.53; Intel ( INTC), down 8 cents to $22.05; Sirius Satellite Radio ( SIRI), up 7 cents to $4.17; Cisco Systems ( CSCO), down 75 cents to $28.17; Microsoft ( MSFT), down 5 cents to $31.16; Apple ( AAPL), up $2.01 to $96.63; and Sun Microsystems ( SUNW), up 1 cent to $6.07.