Boyd Gaming, Fluor, Genco Rise

123jump.com Staff
26 Feb, 2009
New York City

Integrys Energy Group, Inc led the decliners in the S&P 500 index with a loss of 26.1%. Aegean Marine Petroleum Network, Inc posts strong fourth quarter earnings. Donaldson Company, Inc second quarter profit down slightly. General Motors Corporation reports $9.6 billion loss for fourth quarter.

[R]12:30PM New York – Integrys Energy Group, Inc led the decliners in the S&P 500 index with a loss of 26.1%. Aegean Marine Petroleum Network, Inc posts strong fourth quarter earnings. Donaldson Company, Inc second quarter profit down slightly. General Motors Corporation reports $9.6 billion loss for fourth quarter.[/R]

Of the stocks in S&P 500 index, 349 increased, 145 declined and 6 were unchanged.

Integrys Energy Group, Inc led the decliners in the S&P 500 index with a loss of 26.1% followed by losses in General Motors Corporation of 11.1%, in Safeway Inc of 7.8%, in Humana Inc of 7.6%, in salesforce.com, inc of 7.0%.

Zions Bancorporation led gainers in the S&P 500 index with a rise of 23.7% followed by gains in Fifth Third Bancorp of 17.5%, in American International Group, Inc of 17.3% and SunTrust Banks, Inc of 15.5%.

Other Movers

Aegean Marine Petroleum Network, Inc ((ANW)) decreased 3.4% or 61 cents to $16.87 after the marine fuel logistics company said fourth quarter revenues rose 10.7% to $554.3 million from $500.6 million a year ago. Net income in the quarter rose 108% to $13.1 million or 31 cents per diluted share compared to net income of $6.3 million or 15 cents per share a year ago.

Allianz SE ((AZ)) rose 10.4% or 66 cents to $6.97 after the German insurer reported fourth quarter revenues fell 10% to €23 billion from €25.6 billion a year ago. Net loss in the quarter was €3.11 billion or €6.96 per diluted share compared to net income of €665 million or €1.38 per share a year ago.

American International Group ((AIG)) gained 17.3% or 0.110 cents to $0.570 after insurer and U.S. authorities are in advanced discussion to split the insurer into at least three government-controlled divisions in an attempt to keep it afloat, the Financial Times reported on its website citing people close to the situation.

ASM International N.V ((ASMI)) declined 6.8% or 54 cents to $7.40 after the Dutch semiconductor equipment maker said fourth quarter sales fell 21% to €150.9 million from €236.9 million a year ago. Net loss in the quarter was €6.2 million or 12 euros per diluted share compared to net income of €19.1 million or 33 euros per share a year ago.

Boyd Gaming Corporation ((BYD)) jumped 6.2% or 25 cents to $4.23 after the multi jurisdictional gaming company reported fourth quarter revenues fell 11.7% to $422.6 million from $478.6 million a year ago. Net loss in the quarter was $220.8 million or $2.51 per diluted share compared to net income of $31.2 million or 35 cents per share a year ago.

CDI Corp ((CDI)) plunged 4.8% or 48 cents to $9.65 after the professional staffing and outsourcing company reported fourth quarter revenues fell 15% to $253.6 million from $299 million a year ago. Net loss in the quarter was $3.2 million or 17 cents per diluted share compared to net income of $7.8 million or 38 cents per share a year ago.

Dean Foods Company ((DF)) climbed 2.2% or 46 cents to $20.97 after the largest U.S. dairy company raised its first quarter profit forecast citing improvement in the commodity environment, and said it plans to reduce costs by $300 million over the next three to five years, sending shares up 5%.

Texas-based company also raised its 2009 adjusted earnings outlook to at least $1.55 a share. Earlier in February it had forecast a profit of at least $1.50 per share.

Donaldson Company, Inc ((DCI)) fell 8.0% or $2.26 to $26.00 after the filtration systems provider said second quarter revenues fell 10% to $460.6 million from $511.8 million a year ago. Net income in the quarter fell 0.6% to $33.8 million or 43 cents per diluted share compared to net income of $34 million or 42 cents per share a year ago.

El Paso Corporation ((EP)) climbed 8.7% or 63 cents to $7.81 after the natural gas and related energy products reported fourth quarter revenues rose 6% to $1.34 billion from $1.26 billion a year ago. Net loss in the quarter was $1.69 billion or $2.43 per diluted share compared to net income of $151 million or 21 cents per share a year ago.

Famous Dave''s of America, Inc ((DAVE)) added 7.4% or 22 cents to $3.17 after the restaurant operator said fourth quarter revenues rose 4.4% to $32.8 million from $31.4 million a year ago. Net loss in the quarter was $1.96 million or 22 cents per diluted share compared to net income of $0.80 million or 8 cents per share a year ago.

Flowserve Corporation ((FLS)) rose 6.2% or $2.88 to $49.00 after the pump and valve maker said fourth quarter sales rose 5.4% to $1.17 billion from $1.11 billion a year ago. Net income in the quarter rose 19.3% to $114.4 million or $2.03 per diluted share compared to net income of $95.9 million or $1.67 per share a year ago.

Fluor Corporation ((FLR)) climbed 9.2% or $3.06 to $36.01 after the engineering and construction contractor said fourth quarter sales rose 29% to $6.07 billion from $4.71 billion a year ago. Net income in the quarter fell 27% to $190.1 million or $1.04 per diluted share compared to net income of $259.5 million or $1.41 per share a year ago.

Genco Shipping & Trading Limited ((GNK)) gained 7.9% or 93 cents to $12.59 after the drybulk carrier reported fourth quarter revenues rose 54.6% to $101.6 million from $65.7 million a year ago. Net loss in the quarter was $111.3 million or $3.56 per diluted share compared to net income of $56.9 million or $1.98 per share a year ago.

General Motors Corporation ((GM)) lost 5.1% or 13 cents to $2.42 after the biggest U.S. automaker reported fourth quarter revenues fell 39% to $30.8 billion from $46.8 billion a year ago. Net loss in the quarter was $9.6 billion or $15.71 per diluted share compared to net loss of $1.5 billion or $2.70 per share a year ago.

Greif, Inc ((GEF)) rose 14.5% or $4.17 to $32.43 after the global producer of industrial packaging product reaffirmed its earnings guidance before special items of $3.25 to $3.75 per share for fiscal 2009. According to Reuters Estimates, analysts were expecting the company to report earnings per share of $3.35.

Iron Mountain Incorporated ((IRM)) slid 8.1% or $1.70 to $18.89 after the engaged in information protection and storage services reported fourth quarter revenues rose 3.5% to $752.6 million from $727 million a year ago. Net income in the quarter fell 95% to $1.4 million or 1 cent per diluted share compared to net income of $28 million or 14 cents per share a year ago.

Martha Stewart Living Omnimedia, Inc ((MSO)) plunged 5.2% or 13 cents to $2.37 after the merchandising and Media Company said fourth quarter revenues fell 39% to $72.9 million from $118.5 million a year ago. Net loss in the quarter was $8 million or 15 cents per diluted share compared to net income of $33.3 million or 63 cents per share a year ago.

MetroPCS Communications, Inc ((PCS)) added 10.5% or $1.34 to $14.00 after the low cost mobile carrier reported fourth quarter revenues rose 22.4% to $723.6 million from $591.1 million a year ago. Net income in the quarter was $15 million or 4 cents per diluted share compared to net loss of $47 million or 14 cents per share a year ago.

NII Holdings, Inc ((NIHD)) fell 19.7% or $3.25 to $13.25 after the digital wireless communication services estimates 2009 operating revenue of $4.1 billion to $4.3 billion trailing analysts'' consensus view of $4.42 billion.

OM Group, Inc ((OMG)) dropped 4.7% or 82 cents to $16.46 after the diversified global developer, producer and marketer of value-added specialty chemicals reported fourth quarter sales fell 4% to $296.6 million from $309.4 million a year ago. Net loss in the quarter was $32.72 million or $1.08 per diluted share compared to net income of $47.99 million or $1.58 per share a year ago.