EdgeWater 11/11/2010 11:07:50 PM
News / Business

Industrial Good Stocks Alert! (MHK, BGC, MTZ)

Industrial Good Stocks Alert!

Mohawk Industries, Inc. (NYSE:MHK) closed at $54.20. The company reported last week that its third-quarter net income increased to $51.09 million or $0.74 per share from $34.35 million or $0.50 per share last year.

Net sales decreased to $1.31 billion from $1.38 billion last year. Adjusted net sales decreased to $1.33 billion from $1.38 billion a year ago. Adjusted net earnings increased to $51.13 million or $0.74 per share from $44.20 million or $0.64 per share last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.77 per share on revenue of $1.40 billion for the quarter. Analysts’ estimates typically exclude special items.        

Over the past 52-week, the stock had traded within the range of $39.84-$66.93.

General Cable Corporation (NYSE:BGC) slid 0.03% to $30.53. For the July-September, the company, last week, reported earnings of $18.1 million, or 34 cents a share, compared with earnings of $43.6 million, or 83 cents a share a year ago.

Excluding special items, it earned 54 cents a share.

Analysts on average had expected earnings of 50 cents a share, on revenue of $1.17 billion, according to Thomson Reuters.

MasTec, Inc. (NYSE:MTZ) jumped 2.47% and closed at $14.92. For July-September, the company, last week posted net income of $30.0 million, or 35 cents a share, compared with $21.6 million, or 27 cents a share, a year ago.

Revenue at the company rose 59 percent to $632 million, helped by its acquisition of Precision Pipeline.

Analysts had expected earnings of 28 cents a share, before special items, on revenue of $567.8 million.           

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html