US Stock Movers after Earnings (MIR, XEC, CF, NCT)

Mirant Corporation (NYSE:MIR) falls 0.74% to $10.70. The company reported first quarter net income of $407 million or $2.79 per share, compared to $380 million or $2.62 per share for the same period last year. The company posted adjusted net income of $61 million, or $0.42 per share, compared to $115 million, or $0.79 per share in the same quarter a year earlier.

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Cimarex Energy Co. (NYSE:XEC) is down 6.37% to $60.90 on 1.02 million shares. The company reported first-quarter 2010 net income of $204.4 million, or $2.39 per diluted share. A year ago, Cimarex had a first-quarter loss of $494.1 million, or $6.05 per share. First-quarter 2010 results include a $33 million ($0.39 per share) after-tax net gain on derivative instruments.

CF Industries Holdings, Inc. (NYSE:CF) advances 1.07% to $74.95 on high volume. The company posted a first-quarter loss and steep drop in revenue on Friday, less than a month after buying rival Terra Industries. The company reported a net loss of $4.4 million, or 9 cents per share, compared with net income of $62.7 million, or $1.28 per share, in the year-earlier period.

Newcastle Investment Corp. (NYSE:NCT) increases 12.71% to $3.37. The company reported that for the quarter ended March 31, 2010, income applicable to common stockholders was $180.2 million, or $3.36 per diluted share, compared to a loss applicable to common stockholders of $242.2 million, or $4.59 per diluted share, for the quarter ended March 31, 2009.

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