Shares of Estee Lauder ( EL) were among the NYSE's winners Wednesday, jumping 14% after the cosmetics maker posted second-quarter results that easily surpassed expectations. For the period ended Dec. 31, the company earned $208.4 million, or 99 cents a share, on revenue of $1.99 billion. Analysts polled by Thomson Financial expected earnings of 76 cents a share on revenue of $1.91 billion. During the year-earlier period, the company earned $81.7 million, or 38 cents a share, on revenue of $1.78 billion. Looking ahead, Estee Lauder now sees fiscal 2007 earnings of $2.10 to $2.20 a share. Previously, the company forecast earnings of $2 to $2.10 a share. Analysts project earnings of $2.09 a share. The company expects revenue growth of 6% to 7%, which implies a top line of $6.85 billion to $6.91 billion. Wall Street expects revenue of $6.87 billion. Shares were trading up $5.67 to $47. Boeing ( BA) rose 4% after the airplane maker posted better-than-expected fourth-quarter results and lifted its 2007 earnings guidance. The company earned $989 million, or $1.29 a share, on revenue of $17.5 billion. Excluding items, the company earned $1.16 a share. Analysts expected earnings of 98 cents a share, before items, on revenue of $16.5 billion. A year earlier, Boeing earned $460 million, or 58 cents a share, on revenue of $13.9 billion. For 2007, the company now sees earnings of $4.55 to $4.75 a share, with revenue of $64.5 billion to $65 billion. Previously, Boeing forecast a 2007 profit of $4.45 to $4.65 a share. Analysts, on average, project earnings of $4.75 a share and revenue of $66 billion. Shares were trading up $3.59 to $89.59.
Shares of Ingersoll-Rand ( IR) rose 3% after the maker of industrial equipment posted fourth-quarter results that came in ahead of expectations. The company earned $222 million, or 72 cents a share, on revenue of $2.89 billion. Excluding items, earnings were 74 cents a share. Analysts expected earnings of 73 cents a share, before items, on revenue of $2.82 billion. During the year-earlier period, the company earned $291.6 million, or 88 cents a share, on revenue of $2.71 billion. Ingersoll-Rand sees adjusted first-quarter earnings of 68 cents to 73 cents a share. Analysts project earnings of 76 cents a share. For the full year, the company anticipates earnings of $3.50 to $3.60 a share, in line with the $3.55 a share that analysts project. Shares were trading up $1.29 to $43.05. Harsco ( HSC) rose 3% after the industrial-services company's fourth-quarter results blew past Wall Street estimates. The company earned $52.5 million, or $1.24 a share, on revenue of $912.3 million. Analysts expected a profit of $1.09 a share and revenue of $829.4 million. During the year-earlier quarter, the company earned $51.9 million, or $1.23 a share, on revenue of $732.5 million. Those results included a tax benefit of $6.3 million, or 15 cents a share. Harsco continues to forecast 2007 earnings from continuing operations of $5.05 to $5.15 a share. The guidance excludes the company's gas technologies business, which will be reported under discontinued operations. Analysts project 2007 earnings of $5.17 a share. Shares were adding $2.87 to $85.14.
NutriSystem ( NTRI) dropped 14% after the weight-loss company projected first-quarter results well below Wall Street's forecast. NutriSystem expects to earn 82 cents to 86 cents a share in the quarter, with revenue of $200 million to $210 million. Wall Street projected earnings of 95 cents a share and revenue of $213 million. For the fourth quarter, NutriSystem estimates earnings of 50 cents to 53 cents a share, with revenue of $131 million to $133 million. Analysts forecast a profit of 47 cents a share and revenue of $128 million. Share were down $7.19 to $44.86. Shares of Tupperware Brands ( TUP) slid 3% after the plastic-container maker posted better-than-expected fourth-quarter results but gave a 2007 earnings forecast below Wall Street's expectation. The company earned $39.9 million, or 65 cents a share, in the fourth quarter. Excluding items, the company earned $45.6 million, or 74 cents a share, topping Wall Street's estimate of 70 cents. Revenue totaled $486.5 million, compared with analysts' estimate of $471 million. A year earlier, Tupperware posted adjusted earnings of $33.1 million, or 54 cents a share, on revenue of $361.8 million. For 2007, Tupperware sees adjusted earnings of $1.74 to $1.79 a share, below the $1.85 a share that analysts project. The company anticipates revenue of $1.8 billion to $1.84 billion. Analysts project revenue of $1.84 billion. For the first quarter, the company sees adjusted earnings of 27 cents to 32 cents a share, below Wall Street's estimate of 44 cents. Shares were down 70 cents to $22.70. NYSE volume leaders included Ford ( F), down 9 cents to $8.11; Motorola ( MOT), up 16 cents to $19.74; General Electric ( GE), up 7 cents to $36.10; Bristol-Myers Squibb ( BMY), up 98 cents to $29.01; Time Warner ( TWX), down 24 cents to $21.80; Advanced Micro Devices ( AMD), down 19 cents to $15.60; and Pfizer ( PFE), down 2 cents to $26.08. Nasdaq volume leaders included Sun Microsystems ( SUNW), up 6 cents to $6.49; SanDisk ( SNDK), down $3.30 to $39.53; Microsoft ( MSFT), up 12 cents to $30.60; Cisco Systems ( CSCO), up 9 cents to $26.34; Oracle ( ORCL), down 11 cents to $17.05; Comverse Technology ( CMVT), down 82 cents to $19.12; Intel ( INTC), down 7 cents to $20.86; and Apple ( AAPL), down 54 cents to $85.01.