Calamos Drops 4%, Fidelity National Up 13%

123jump.com Staff
28 Oct, 2008
New York City

Crane Company plunged 26% after it missed earnings by a penny. Fidelity National Information Services gained 13% after quarterly revenue rose 25%. Winn-Dixie Stores rose 11% after it reported first quarter sales rise of 11%. The asset manager Calamos Asset dropped 4% after it reported a loss.

[R]10:30AM New York – Travelzoo and Crane Company plunge after earnings release.[/R]

Calamos Asset Management, Inc ((CLMS)) fell 3.6% or 21 cents to $5.62 after the money manager said third quarter revenues fell 14% to $101.8 million from $118.5 million a year ago. Net loss in the quarter was $0.8 million or 5 cents per diluted share compared to net income of $7.1 million or 32 cents per share, a year ago.

Choice Hotels International, Inc ((CHH)) surged 19.5% or $4.04 to $24.90 after the operator of Comfort Inn and other budget lodging chains said third quarter revenues rose 9% to $191.2 million from $175.1 million a year ago. Net income in the quarter fell 6.5% to $35.9 million or 57 cents per diluted share compared to net income of $38.4 million or 59 cents per share, a year ago.

Crane Co ((CR)) declined 25.9% or $4.11 to $11.75 after the maker of highly-engineered industrial components said third quarter revenues fell 3% to $642.7 million from $664.1 million a year ago. Net income in the quarter was $36.1 million or 60 cents per diluted share compared to net loss of $196.9 million or $3.29 per share, a year ago.

Eagle Materials Inc ((EXP)) slid 3.6% or $0.52 to $14.11 after the producer of cement, concrete and aggregates said second quarter revenues fell 15% to $178.9 million from $210.5 million a year ago. Net income in the quarter fell 55% to $15.6 million or 36 cents per diluted share compared to net income of $34.5 million or 73 cents per share, a year ago.

Fidelity National Information Services, Inc ((FIS)) gained 12.7% or $1.57 to $14.04 after the technology services provider to financial firms said third quarter revenues rose 25% to $893.8 million from $712.8 million a year ago. Net income in the quarter fell 82% to $43.6 million or 23 cents per diluted share compared to net income of $245.3 million or $1.25 per share, a year ago.

SL Green Realty Corp ((SLG)) rose 1.4% or $0.37 to $27.25 after the real estate investment trust said third quarter revenues rose 9.5% to $268.67 million from $245.25 million a year ago. Net income in the quarter fell 66% to $33.57 million or 58 cents per diluted share compared to net income of $98.57 million or $1.64 per share, a year ago.

Travelzoo Inc ((TZOO)) plunged 22.7% or $1.47 to $5.01 after the global Internet media company said third quarter revenues fell 6% to $18.81 million from $19.94 million a year ago. Net loss in the quarter was $1.79 million or 13 cents per diluted share compared to net income of $2.15 million or 14 cents per share, a year ago.

Veeco Instruments Inc ((VECO)) slid 2.1% or 16 cents to $7.62 after the process equipment maker said third quarter sales rose 18% to $115.71 million from $97.72 million a year ago. Net loss in the quarter was $1.67 million or 5 cents per diluted share compared to net loss of $5.68 million or 18 cents per share, a year ago.

Winn-Dixie Stores, Inc ((WINN)) climbed 11% or $1.19 to $11.46 after the food retailer said first quarter sales rose 3.4% to $1.67 billion from $1.62 billion a year ago. Net loss in the quarter was $2.3 million or 4 cents per diluted share compared to net loss of $0.8 million or 1 cent per share, a year ago.