Largest $ Movers of Note – StreetInsider.com – 04/18/2007

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

UPWARD MOVERS:
Lufkin Industries (Nasdaq: LUFK) +$5.90; Reports Q1 EPS of $1.17, versus the consensus of $1.04. Revenues came in at $148.1 million versus the consensus of $146.1 million. Sees Q2 EPS of $1.00-$1.20, versus the consensus of $1.20. Sees FY EPS of $4.60-$5.40 versus the consensus of $5.07.

The Genlyte Group (Nasdaq: GLYT) +$5.71; Reports Q1 EPS of $1.20, 11 cents better than estimates. Revenues were $394.4 million vs. $388.59 million consensus.

Overseas Shipholding Group (NYSE: OSG) +$5.11; Stock moving higher with no specific news releases.

Linear Technology (Nasdaq: LLTC) +$3.87; Reports Q3 GAAP EPS of $0.32 (Non-GAAP EPS was $0.37) vs. consensus of $0.32. Revenues were $255 million vs. $253.98 million consensus. The Company also announced its plans to enter into an accelerated stock repurchase transaction, subject to market and other conditions, pursuant to which it will repurchase approximately $3 billion of its shares of common stock.

Teekay Shipping (NYSE: TK) +$3.77; Announced that Teekay and A/S Dampskibsselskabet TORM (Nasdaq: TRMD) have entered into a definitive agreement to acquire OMI Corporation (OMI) (NYSE: OMM), a major international owner and operator of Suezmax and product tankers.

DOWNWARD MOVERS:
National Oilwell Varco (NYSE: NOV) -$3.76; Citigroup downgrades NOV from Buy to Hold.

Yahoo! (Nasdaq: YHOO) -$3.62; Reports Q1 EPS of $0.10 ($0.17 Non-GAAP) vs. consensus of $0.11. Revenues were $1.183 billion vs. $1.21 billion consensus. Sees Q2 revenues between $1.2-1.3 billion vs. $1.28 billion consensus. Sees FY revenues between $4.95-5.45 billion vs. consensus of $5.33 billion

Hancock Holding Company (Nasdaq: HBHC) -$3.30; Reports Q1 EPS of $0.58. 8 cents worse than estimates.

Intevac (Nasdaq: IVAC) -2.57; Goldman Sachs downgrades IVAC from Neutral to Sell.

IBM (NYSE: IBM) -$2.52; Reports Q1 EPS of $1.21, in-line with estimates.(1.21) Revenues were $22 billion vs. $21.86 billion consensus. Also, a number of downgrades.

UPWARD MOVERS:
Lufkin Industries (Nasdaq: LUFK) +$5.90; Reports Q1 EPS of $1.17, versus the consensus of $1.04. Revenues came in at $148.1 million versus the consensus of $146.1 million. Sees Q2 EPS of $1.00-$1.20, versus the consensus of $1.20. Sees FY EPS of $4.60-$5.40 versus the consensus of $5.07.

The Genlyte Group (Nasdaq: GLYT) +$5.71; Reports Q1 EPS of $1.20, 11 cents better than estimates. Revenues were $394.4 million vs. $388.59 million consensus.

Overseas Shipholding Group (NYSE: OSG) +$5.11; Stock moving higher with no specific news releases.

Linear Technology (Nasdaq: LLTC) +$3.87; Reports Q3 GAAP EPS of $0.32 (Non-GAAP EPS was $0.37) vs. consensus of $0.32. Revenues were $255 million vs. $253.98 million consensus. The Company also announced its plans to enter into an accelerated stock repurchase transaction, subject to market and other conditions, pursuant to which it will repurchase approximately $3 billion of its shares of common stock.

Teekay Shipping (NYSE: TK) +$3.77; Announced that Teekay and A/S Dampskibsselskabet TORM (Nasdaq: TRMD) have entered into a definitive agreement to acquire OMI Corporation (OMI) (NYSE: OMM), a major international owner and operator of Suezmax and product tankers.

DOWNWARD MOVERS:
National Oilwell Varco (NYSE: NOV) -$3.76; Citigroup downgrades NOV from Buy to Hold.

Yahoo! (Nasdaq: YHOO) -$3.62; Reports Q1 EPS of $0.10 ($0.17 Non-GAAP) vs. consensus of $0.11. Revenues were $1.183 billion vs. $1.21 billion consensus. Sees Q2 revenues between $1.2-1.3 billion vs. $1.28 billion consensus. Sees FY revenues between $4.95-5.45 billion vs. consensus of $5.33 billion

Hancock Holding Company (Nasdaq: HBHC) -$3.30; Reports Q1 EPS of $0.58. 8 cents worse than estimates.

Intevac (Nasdaq: IVAC) -2.57; Goldman Sachs downgrades IVAC from Neutral to Sell.

IBM (NYSE: IBM) -$2.52; Reports Q1 EPS of $1.21, in-line with estimates.(1.21) Revenues were $22 billion vs. $21.86 billion consensus. Also, a number of downgrades.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618