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Market Update : 
Starbucks, Blue Nile, Intl Game Tech Rise
Author: Mayank Mehta
123jump.com
Last Update: 12:13 PM ET November 06 2009


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Fortress Investment Group LLC (FIG) fell 5.9% or 27 cents to $4.30 after the asset manager reported third quarter revenues fell 22.4% to $143.7 million from $185.1 million a year ago. Net loss in the quarter was $58.6 million or 43 cents per diluted share compared to net loss of $57.4 million or 66 cents per share a year ago.

FreightCar America, Inc (RAIL) fell 5.4% or $1.40 to $24.20 after the manufacturer of aluminum-bodied railcars reported third quarter sales fell 77% to $55.1 million from $238.0 million a year ago. Net income in the quarter fell 89% to $1.1 million or 9 cents per diluted share compared to net income of $10 million or 85 cents per share a year ago.

General Steel Holdings, Inc (GSI) surged 22.4% or 88 cents to $4.80 after the producer of steel products reported third quarter sales rose 17.8% to $484.8 million from $411.5 million a year ago. Net income in the quarter fell 49.3% to $10.4 million or 22 cents per diluted share compared to net income of $20.5 million or 57 cents per share a year ago.

Home Properties, Inc (HME) climbed 3.7% or $1.46 to $40.37 after the real estate investment trust said third quarter revenues rose 2% to $126.3 million from $123.8 million a year ago. Net income in the quarter fell 22% to $5.3 million or 16 cents per diluted share compared to net income of $6.8 million or 21 cents per share a year ago.

InnerWorkings, Inc (INWK) added 0.2% or 1 cent to $5.01 after the provider of managed print and promotional procurement solutions said third quarter revenues fell 19.5% to $98.2 million from $122.0 million a year ago. Net income in the quarter fell 70% to $1.7 million or 4 cents per diluted share compared to net income of $5.7 million or 12 cents per share a year ago.

JDS Uniphase Corporation (JDSU) increased 5.0% or 29 cents to $6.07 after the telecoms equipment maker said first quarter revenues fell 21% to $297.8 million from $377.2 million a year ago. Net loss in the quarter was $31.9 million or 15 cents per diluted share compared to net loss of $21.3 million or 10 cents per share a year ago.

Magna International Inc (MGA) dropped 1.2% or 55 cents to $43.65 after the automotive supplier said third quarter sales fell 15.6% to $4.67 billion from $5.53 billion a year ago. Net income in the quarter was $51 million or 45 cents per diluted share compared to net loss of $215 million or $1.93 per share a year ago.

NIC Inc (EGOV) added 3.1% or 26 cents to $8.65 after the provider of eGovernment services said third quarter revenues rose 50% to $37.3 million from $24.9 million a year ago. Net income in the quarter rose 32% to $4.1 million or 6 cents per diluted share compared to net income of $3.1 million or 5 cents per share a year ago.

The PMI Group, Inc (PMI) surged 12.1% or 27 cents to $2.50 after the mortgage insurer reported third quarter revenues rose 0.6% to $226.9 million from $225.5 million a year ago. Net loss in the quarter was $93.2 million or $1.13 per diluted share compared to net loss of $229.4 million or $2.81 per share a year ago.

SandRidge Energy, Inc (SD) the producer of natural gas and crude oil in Texas and the Gulf of Mexico fell 8.0% or 85 cents to $9.77.

Scripps Networks Interactive, Inc (SNI) rose 1.6% or 62 cents to $39.23 after the media company reported third quarter sales rose 0.1% to $364.5 million from $364.2 million a year ago. Net income in the quarter rose 14% to $65.3 million or 39 cents per diluted share compared to net income of $57.3 million or 35 cents per share a year ago.

Skyworks Solutions, Inc (SWKS) increased 7.1% or 78 cents to $11.76 after the wireless semiconductor maker said fourth quarter revenue increased 19% to $228.1 million from $191.2 million a year ago.

Smith & Nephew plc (SNN) slipped 0.5% or 26 cents to $44.65 after the medical device maker reported third quarter revenues fell 1.6% to $915 million from $930 million a year ago. Net income in the quarter rose 73% to $128 million or 14.4 cents per diluted share compared to net income of $74 million or 8.3 cents per share a year ago.

Starbucks Corporation (SBUX) rose 3.8% or 76 cents to $20.46 after the coffee chain reported fourth quarter revenues fell 4% to $2.42 billion from $2.52 billion a year ago. Net income in the quarter was $150 million or 20 cents per diluted share compared to net income of $5.4 million or 1 cent per share a year ago.

Sotheby''s (BID) rose 0.8% or 16 cents to $18.36 after the auction house said third quarter net loss was $57.8 million or 89 cents diluted per share compared to $47.0 million or 73 cents per share a year ago.

Tenaris S.A (TS) rose 0.4% or 18 cents to $39.56 after the producer of seamless steel pipes for the energy industry said third quarter sales fell 42.3% to $1.77 billion from $3.07 billion a year ago. Net income in the quarter fell 60% to $229.9 million or 19 cents per diluted share compared to net income of $570.6 million or 48 cents per share a year ago.

ViaSat, Inc (VSAT) climbed 3.1% or 91 cents to $29.97 after the producer of satellite and other wireless communications and networking systems said second quarter revenues rose 1% to $160.7 million from $159.3 million a year ago. Net income in the quarter fell 1% to $9.2 million or 28 cents per diluted share compared to net income of $9.3 million or 29 cents per share a year ago.

Zymogenetics, Inc (ZGEN) increased 4.4% or 22 cents to $5.13 after the biotechnology company said third quarter sales rose 131% to $27.5 million from $11.9 million a year ago. Net loss in the quarter was $11.4 million or 17 cents per diluted share compared to net loss of $28.8 million or 42 cents per share a year ago.


$38.24
1.35%
$49.25
0.88%
$43.75
2.39%
$15.34
-1.10%
$30.21
1.04%
$36.02
-0.30%
$10.87
2.74%
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