EdgeWater 12/17/2010 1:51:49 AM
News / Business

Notable Earnings Of The Day (Nucor, ATU, General Mills)

Notable Earnings Of The Day

Nucor Corporation (NYSE:NUE) added 0.58% to $43.61. The company said that it expects a fourth-quarter loss of 10 cents a share to 15 cents a share. Wall Street analysts expected the steel maker to earn 9 cents a share, according to a survey by FactSet Research.  

The stock has average daily volume of 4.29 million shares. At current market price, the market capitalization of the company stands at $13.77 billion.

Actuant Corporation (NYSE:ATU) dropped 5.20% to $26.23. The company said that that it earned $25.9 million, or 35 cents a share in its fiscal first quarter ended November 30, compared to $11.9 million, or 19 cents a share a year ago. Net sales during the quarter were $318.4 million, versus $272.6 million a year ago.

Analysts polled by FactSet Research had, on average, expected the company to earn 35 cents a share.

The stock opened at $27.67 and is trading within the range of $26.07-$27.73. The stock soared more than 41% year-to-date.

General Mills, Inc. (NYSE:GIS) gained 1.07% to $36.77. The company said Thursday its second-quarter net income rose 9% to $613.9 million, or 92 cents a share, from $565.5 million, or 83 cents a share, in the year-ago period. Adjusted net income fell to 76 cents a share, from 77 cents a share. The food giant's revenue rose 0.8% to $4.1 billion.

Wall Street analysts expected General Mills to earn 78 cents a share, on revenue of $4.1 billion, according to a survey by FactSet Research.

The stock has average daily volume of 4.57 million shares.

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