3:30PM New York – Watson Wyatt rose and Copa Holdings and OM Group plunged after earnings release.

Atlas Air Worldwide Holdings, Inc, a provider of leased freighter aircraft reported first quarter revenues rose 4.74% to $373 million from $355.3 million a year ago. Net loss in the quarter was $5.3 million or 25 cents per diluted share compared to net income of $6.1 million or 29 cents per share, a year ago.

Atlas Air Worldwide Holdings, Inc stock (AAWW: chart) rose 97 cents to $60.83.

Autobytel, Inc, an automotive media and marketing services company reported first quarter revenues declined 5.76% to $20.7 million from $21.9 million a year ago. Net loss in the quarter was $2.0 million or 5 cents per diluted share compared to net income of $7.7 million or 17 cents per share, a year ago.

Autobytel, Inc stock (ABTL: chart) fell 3 cents to $1.95.

Copa Holdings, S.A, a provider of international airline passenger and cargo services reported first quarter revenues rose 21.9% to $295.9 million from $242.7 million a year ago. Net income decreased 18.7% to $39.5 million or 91 cents per diluted share compared to net income of $48.6 million or 1.12 cents per share, a year ago.

Copa Holdings, S.A stock (CPA: chart) fell $1.75 to $36.41.



Cisco Systems, Inc, IP based networking said third quarter net sales rose 10% to $9.8 billion from $8.9 billion. Net income in the quarter decreased 5.4% to $1.8 billion or 29 cents per diluted share compared to net income of $1.9 billion or 30 cents per share, a year ago.

Cisco Systems, Inc stock (CSCO: chart) fell 16 cents to $25.63.

El Paso Corporation operator of natural gas transmission and energy explorer reported first quarter revenues rose 21.66% to $33.7 million from $26.4 million a year ago. Net income in the quarter increased 83% to $200 million or 29 cents per diluted share compared to net income of $620 million or 89 cents per share, a year ago.

El Paso Corporation stock (EP: chart) rose 72 cents to $19.00.

Fortress Investment Group LLC, a global alternative asset manager reported first quarter revenues rose 48% to $145 million from $43.2 million a year ago. Net loss in the quarter was $69 million or 74 cents per diluted share compared net loss of $ 62.1 million or 87 cents per share, a year ago.

Fortress Investment Group LLC stock (FIG: chart) fell 89 cents to $13.67.

Gartner, Inc, a provider of IT industry research reported first quarter revenues rose 10% to $290.1 million from $264 million a year ago. Net income in the quarter increased 62% to $21.5 million or 21 cents per diluted share compared to net income of $8.1 million or 8 cents per share, a year ago.

Gartner, Inc stock (IT: chart) rose 60 cents to $24.30.

OM Group, Inc, chemical and industrial processor reported first quarter net sales rose 55% to $480.8 million from $216.2 million a year ago. Net income in the quarter decreased 93% to $55.2 million or 1.81 cents per diluted share compared to net income of $114.8 million or 3.85 cents per share, a year ago.

OM Group, Inc stock (OMG: chart) plunged $6.94 to $52.43.

PRIMEDIA Inc, a magazine publisher reported first quarter revenues rose 0.8% to $77.5 million from $76.9 million a year ago. Net income in the quarter was $13.6 million or 31 cents per diluted share compared to net income of $104.7 million or 2.38 cents per share, a year ago.