EdgeWater 10/27/2010 10:32:06 PM
News / Business

First-Hour Stocks Alert (TMO, WHR, IP)

First-Hour Stocks Alert

Thermo Fisher Scientific Inc. (NYSE:TMO) added 2.50% to $51.58. The company posted a 21% increase in third-quarter net profit to $268.5 million, or 66 cents a share, from $221.2 million, or 53 cents a share, earned in the year-earlier period.

Analysts, on average, expected the company to earn 83 cents a share, according to FactSet Research.

Over the past 52-week, the stock traded within the range of $41.74-$57.40. At current market price, the market capitalization of the company stands at $21.02 billion.

Whirlpool Corporation (NYSE:WHR) declined 4.91% to $80.37. The company reported third-quarter net income fell 9.2% on 0.5% higher sales. Earnings fell to $79 million or $1.02 a share, from $87 million, or $1.15, in the year-earlier quarter.

A survey of analysts by FactSet Research produced consensus estimates of $1.71 of profit on $4.5 billion of revenue. For all of 2010, Whirlpool estimated that it would earn $7.80 to $8.30 a share, or an adjusted $9.56 to $10.06. FactSet's survey is looking for $8.82 a share.

The stock went down more than 1% year-to-date.

International Paper Company (NYSE:IP) went up 4.15% to $24.86. The company reported earning $397 million, or 91 cents a share, up from $371 million, or 87 cents, in the year-ago third quarter.

Analysts polled by FactSet Research had been looking for earnings of 79 cents a share, on average, with sales pegged at $6.55 billion.

The 52-week range of the stock is $19.33-$29.25.

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