10:30 AM New York – Specialty chemical maker Albemarle Corporation and road construction equipment maker Astec Industries fall after the earnings release.

Albemarle Corporation, Specialty chemicals maker reported second quarter revenues increased 9.17% to $621 million from $564 million a year ago. Net income in the quarter rose 12.64% to $61.7 million or 67 cents per diluted share compared to net income of $53.9 million or 55 cents per share, a year ago.

Albemarle stock fell $2.56 to $36.20 in the morning trading. Albemarle Corporation (ALB: chart) in the last one year traded as high as $48.84 in October 2007 and as low as $31.99 in January 2008. Based on the Friday’s closing price the company has a market cap of $3.55 billion.

AMETEK, Inc, a manufacturer of electronic instruments and electromechanical devices with operations Americas, Europe and Asia reported second quarter sales climbed 25% to $648.8 million from $519.5 million a year ago. Net income in the quarter rose 13% to $65.8 million or 61 cents per diluted share compared to net income of $58 million or 54 cents per share, a year ago.

AMETEK stock rose 79 cents to $51.05 in the morning trading. AMETEK, Inc (AME: chart) in the last one year traded as high as $53.12 in June 2008 and as low as $36.38 in August 2007. Based on the yesterday’s closing price the company has a market cap of $5.37 billion.

Astec Industries, Inc, a road construction equipment maker reported second quarter revenues rose 23% to $277.7 million from $226.4 million a year ago. Net income in the quarter rose 14% to $21.1 million or 93 cents per diluted share compared to net income of $18.5 million or 83 cents per share, a year ago.

Astec Industries fell $2.52 to $32.35 in the morning trading. Astec Industries, Inc (ASTE: chart) in the last one year traded as high as $60.40 in October 2007 and as low as $25.51 in January 2008. Based on the yesterday’s closing price the company has a market cap of $780.97 million.

Bank of America Corporation, the nation’s second largest bank by assets reported second quarter revenues rose 3% to $20.32 billion from $18.37 billion a year ago. Net income in the quarter falls 41% to $3.41 billion or 72 cents per diluted share compared to net income of $5.76 billion or $1.28 per share, a year ago.

Bank of America rose $2.77 to $30.25 in the morning trading. Bank of America Corporation (BAC: chart) in the last one year traded as high as $52.96 in October 2007 and as low as $18.44 in July 2008. Based on the yesterday’s closing price the company has a market cap of $122.41 billion.

RPM International Inc, markets and sells specialty chemical product lines reported fourth quarter sales increased 7% to $1.08 billion from $1.01 billion a year ago. Net loss in the quarter was $87.6 million or 73 cents per diluted share compared to net income of $83.9 million or 65 cents per share, a year ago.

Sales in fiscal 2008 increased 9.1% to a record $3.6 billion from $3.3 billion a year ago. Sales growth was 6.9% organic, including 3.1% in net foreign exchange gains, and 2.2% from acquisitions less divestitures. Net income for the year was $47.7 million, including asbestos charges, compared to net income of $208.3 million in fiscal 2007, which included income of $15.0 million from the settlement of asbestos-related claims against an insurance carrier during the second quarter of the prior fiscal year.

Earnings per diluted share, including asbestos charges, were $0.39 in fiscal 2008, compared to $1.64 in earnings per fully diluted share in fiscal 2007.

Net income, excluding asbestos items in both years, were $232.8 million in fiscal 2008, a 17.2% improvement over the $198.6 million reported in fiscal 2007. Earnings per diluted share grew 15.3%, to $1.81 from $1.57 in the prior year.

RPM International fell 25 cents to $20.91 in the morning trading. RPM International Inc (RPM: chart) in the last one year traded as high as $25.74 in June 2008 and as low as $17.25 in November 2007. Based on the yesterday’s closing price the company has a market cap of $2.58 billion.

Hasbro, Inc, providing children’s and family leisure time and entertainment products and services reported second quarter revenues increased 13% to $784.3 million from $691.4 million a year ago. Net income in the quarter rose 87.2% to $37.5 million or 25 cents per diluted share compared to net income of $4.8 million or 3 cents per share, a year ago.

Hasbro dropped $1.55 to $36.44 in the morning trading. Hasbro, Inc (HAS: chart) in the last one year traded as high as $39.98 in June 2008 and as low as $21.57 in January 2008. Based on Friday’s closing price the company has a market cap of $5.27 billion.

IMS Health Incorporated, provides market research to the pharmaceutical and health care industries reported second quarter sales rose 12% to $600.7 million from $537.5 million a year ago. Net income in the quarter rose 6% to $77.7 million or 42 cents per diluted share compared to net income of $73.4 million or 36 cents per share, a year ago.

IMS in the morning trading rose 2 cents to $21.85. IMS Health Incorporated (RX: chart) in the last one year traded as high as $31.85 in October 2007 and as low as $20.01 in March 2008. Based on Friday’s closing price the company has a market cap of $3.96 billion.

UnionBanCal Corporation, a commercial bank holding company reported second quarter revenues rose 12.6% to $713 million from $632.7 million a year ago. Net income in the quarter falls 17.5% to $141.3 million or $1.02 per diluted share compared to net income of $165.4 million or $1.19 per share, a year ago.