Dallas, Tx 4/22/2010 9:53:04 PM
News / Business

Early Hour Notable Stock Movers (NUE, RS, JNS, LUV)

Early Hour Notable Movers

Nucor Corporation (Public, NYSE:NUE) fell 2.40% to $44.04 after it said Thursday it swung to a first-quarter profit of $31 million, or 10 cents a share, from a loss of $189.6 million, or 60 cents a share, in the year-ago period. Sales rose 38% to $3.65 billion. Wall Street analysts expected earnings of 11 cents a share and revenue of $3.7 billion, according to a survey by FactSet Research.

 

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Reliance Steel & Aluminum (Public, NYSE:RS) slid 7% to $49.86 after it said Thursday its first-quarter net income more than doubled to $44.7 million, or 60 cents a share, from $20.1 million, or 27 cents a share, in the year-ago period. Sales fell 7% to $1.45 billion. Reliance Steel was expected to earn 64 cents a share on revenue of $1.49 billion, according to a survey by FactSet Research.

 

Janus Capital Group Inc. (Public, NYSE:JNS) lost 6.72% to $14.15 after itreported Thursday a first-quarter profit of $31.3 million, or 17 cents a share, compared to a loss of $818.1 million, or $5.22 a share. The year-ago period included impairment charges of $856.7 million, or $5.21 a share. Revenues jumped to $246.9 million from $170.3 million in the first quarter of 2009. Analysts surveyed by FactSet Research expected, on average, a profit of 18 cents a share on revenue of $254.7 million.

 

Southwest Airlines Co. (Public, NYSE:LUV) fell 2.43% to $13.25 after the Dallas carrier, swung to first-quarter net income from a year-earlier loss on 12% higher revenue. Southwest earned $11 million, or 1 cent a share, compared with a loss of $91 million, or 12 cents, in the year-earlier quarter. On an adjusted basis, the first-quarter bottom line was profit of 3 cents a share compared with a year-earlier loss of 3 cents. Revenue reached $2.63 billion from $2.36 billion. A survey of analysts had been looking for profit of 3 cents a share in the quarter.

 

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