Dallas,Tx 6/18/2010 12:21:16 AM
News / Business

Stock Market News :Notable Stock Earnings (SFD, TOL, WGO, ATU)

Stock Market News

 

Smithfield Foods, Inc. (NYSE:SFD) slid 6% to $16.50 with over 2.64 million shares.

The company said it lost $4.6 million, or 3 cents a share, in the fiscal fourth quarter, compared to the $81.2 million, or 57 cents a share, loss in a year period.

 

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 Sales jumped marginally to $2.91 billion from $2.85 billion. Smithfield announced that it has made an offer to purchase its joint venture partner’s 51% ownership interest in Butterball, LLC and its partner’s related turkey production assets for approximately $200 million.

 

Toll Brothers, Inc. (NYSE:TOL) shares are deep selling pressure after The largest U.S. luxury homebuilder said deposits have been running 20%, behind the year-earlier period in the past three weeks as the Gulf oil spill and European debt crisis hurt buyer confidence.

Toll Brothers, Inc. designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities. The Company is also involved, directly and through joint ventures, in projects where it is building, or converting rental apartment buildings into, high-, mid- and low-rise luxury homes.

 

Winnebago Industries, Inc. (NYSE:WGO) soared 11% to $12.31 after the company reported solid third-quarter profit as the recreational-vehicle maker posted a sharp jump in deliveries.

The company reported it turned profitable in the third quarter and earned $6 million, or 21 cents a share, compared with a year-earlier loss of $8.6 million, or 29 cents a share.

Revenues grew 165.1% to $134.8 million from $50.8 million.

Analysts were expecting the company to report earnings of 4 cents a share on revenue of $137.90 million.

 

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Actuant Corporation (NYSE:ATU) slid 3.65% to $19.77 with over 855K shares after the company said it swung to fiscal-third-quarter profit of $21.83 million, or 30 cents per share, compared with a loss of $17.63 million, or 27 cents per share, in a year-ago quarter.

Revenue climbed to $334.56 million from $285.15 million.

Analysts were expecting the company to report earnings of 27 cents per share on revenue of $314.34 million.

 

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