EdgeWater 11/11/2010 11:16:07 PM
News / Business

Top Movers From Service Sector (DTV, CBS, YRCW)

Top Movers From Service Sector

DIRECTV (NASDAQ:DTV) jumped 0.61% and closed at $42.76. Last week, DirecTV said net income rose to $479 million or 55 cents per share in the third quarter, from $366 million, or 37 cents per share, a year earlier. Its profit matched analyst expectations.

Revenue rose 10 percent to $6.03 billion, topping the $5.98 billion analysts polled by Thomson Reuters had expected.

The stock went up more than 28% year-to-date.

CBS Corporation (NYSE:CBS) rose 2.81% and closed at $16.82 after the company said it earned 35 cents a share on an adjusted basis on revenue of $3.3 billion in its third quarter, ahead of analysts’ estimates 46 cents per share on revenue of $12.01 billion.

The stock went up more than 19% year-to-date.

YRC Worldwide Inc. (NASDAQ:YRCW) fell 2.39% and closed at $3.68. Last week, the company reported third quarter net loss of $62 million or $1.33 per share, narrower than $159 million or $66.66 per share last year.

Analysts polled by Thomson Reuters expected the company to report loss of $1.31 per share for the quarter. Analysts’ estimates typically exclude special items.

Operating revenues declined to $1.14 billion from $1.20 billion last year. Analysts estimated revenues of $1.14 billion for the quarter.

Over the past 52-week, the stock had traded within the range of $2.53-$32.50. 

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