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.