EdgeWater 11/18/2010 11:54:04 PM
News / Business

Industrial Good Stocks In Focus (MWA, BGC, MTZ)

Industrial Good Stocks In Focus

Mueller Water Products, Inc. (NYSE:MWA) declined 0.29% to $3.38. This month, the company posted a fourth quarter net loss of $7.0 million or $0.05 per share, compared to a loss of $11.0 million or $0.09 per share in the same period a year-ago.

Adjusted net income for the period was $0.2 million or breakeven per share, compared to a net loss of $4.1 million or $0.03 per share in the year-ago period.

On average, 12 analysts polled by Thomson Reuters expected the company to report breakeven earnings per share. Analysts' estimates typically exclude special items.

Net sales for the quarter were $346.7 million, compared to $374.8 million in the same period last year. Ten Wall Street analysts expected revenues of $363.16 million for the period.

General Cable Corporation (NYSE:BGC) went up 1.85% to $30.90. For the July-September, the company, this month, 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 0.91% and closed at $14.35. For July-September, the company, this month 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.           

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