[R]
3:40PM New York – CB Richard Ellis increased after it reported less than expected decline in profit. World Fuel Services dropped after it reported 17% rise in earnings.[/R]
American International Group, Inc (
AIG: chart) rose 14.4% or 28 cents to $2.15 after the Wall Street Journal said federal officials were considering a possible change in the terms of an $85 billion loan to the company.
Bebe stores, Inc (
BEBE: chart) fell 5.2% or 39 cents to $7.00 after the women's apparel retailer said first quarter sales rose 1% to $163.3 million from $161.1 million a year ago. Net income in the quarter fell 27% to $11.2 million or 12 cents per diluted share compared to net income of $15.4 million or 16 cents per share, a year ago.
CB Richard Ellis Group, Inc (
CBG: chart) added 22.0% or $1.45 to $7.14 after its third quarter profit fell 65% on the lower revenue in its global real estate investment unit.
Dolby Laboratories, Inc (
DLB: chart) dropped 4.1% or $1.22 to $28.22 after the audio technology company said fourth quarter revenues rose 26% to $163.1 million from $129.0 million a year ago. Net income in the quarter rose 10% to $48.6 million or 42 cents per diluted share compared to net income of $44.2 million or 39 cents per share, a year ago.
Fluor Corporation (
FLR: chart) climbed 9.4% or $3.22 to $37.23 after it engineering and construction contractor said third quarter revenues rose 38% to $5.67 billion from $4.11 billion a year ago. Net income in the quarter rose 95% to $183.1 million or $1.01 per diluted share compared to net income of $93.7 million or 51 cents per share, a year ago.
Genworth Financial Inc dropped 43% or $2.15 to $2.55 after it reported weak earnings report. The company reported third quarter loss of $258 million or 60 cents a share compared to $339 million or 76 cents a share and suspended its quarterly dividend. The company also withdrew its financial outlook for the year.
General Motors (
GM: chart) dropped 10% or 52 cents to $4.29 after it reported third quarter revenue decline of 6% to $37.9 billion and adjusted net loss of $4.2 billion compared to $1.6 billion a year ago period. Adjusted operating cash flow in the period was a loss of $6.9 billion compared to $2.5 billion in the year ago period.
In addition, the company took a non-cash charge of $1.5 billion related to currency and commodities hedging.
General Motors North America lost 1% market share to 23.4% and net sales declined 16% to $22.5 billion. In the quarter the division reported a loss of $2.3 billion compared to $298 million a year ago.
General Motors Acceptance Corp or GMAC reported a loss of $2.5 billion down $900 million from the year ago in which GM owns 49% stake.
Ford Motor Company (
F: chart) lost 5.2% or 11 cents to $1.98 after the producer of cars and trucks reported third quarter revenues fell 22% to $32.1 billion from $41.1 billion a year ago. Net loss in the quarter was $129 million or 6 cents per diluted share compared to net loss of $380 million or 19 cents per share, a year ago.
Fuel Systems Solutions, Inc (
FSYS: chart) surged 36.3% or $9.70 to $36.41 after it raised annual revenue view by 10% to $385 million. For the quarter ended Sept. 30, net income was $11.9 million, or 75 cents a share, compared to a loss of $359,000, or 2 cents a share, for the prior-year period.
Las Vegas Sands (
LVS: chart) dropped for the second day on heavy volume of 19 million shares. The stock declined to 98 cents to $6.87 on the worries that company may not be able to raise capital to meet loan covenants and may be forced to file bankruptcy.
Local.com Corporation (
LOCM: chart) declined 5.9% or 14 cents to $2.23 after the provider of paid-search advertising services to local and national businesses on the Internet said third quarter revenues rose 82% to $10.2 million from $5.6 million a year ago. Net loss in the quarter was $1.7 million or 12 cents per diluted share compared to net loss of $9.3 million or 71 cents per share a year ago.
North American Energy Partners Inc (
NOA: chart) fell 6.7% or 27 cents to $3.71 after the resource services provider to oil, gas and other natural resource companies said second quarter revenues rose 25.35% to $280.3 million from $223.6 million a year ago. Net loss in the quarter was $1.2 million or 3 cents per diluted share compared to net income of $3.2 million or 9 cents per share, a year ago.
ResMed Inc (
RMD: chart) decreased 9.2% or $3.30 to $32.42 after the respiratory equipment maker said first quarter revenues rose 17% to $217.9 million from $185.7 million a year ago. Net income in the quarter rose 16% to $28 million or 36 cents per diluted share compared to net income of $24.1 million or 31 cents per share, a year ago.
TechTarget Inc (
TTGT: chart) lost 6.2% or 32 cents to $4.83 after the online media content company said third quarter revenues rose 8% to $25.2 million from $23.3 million a year ago. Net loss in the quarter was $314,000 or 1 cent per diluted share compared to net income of $1.8 million or 4 cents per share, a year ago.
The Knot, Inc (
KNOT: chart) added 5.2% or 28 cents to $5.67 after the media company targeting couples planning their weddings said third quarter revenues rose 8% to $27.0 million from $25.0 million a year ago. Net income in the quarter fell 24% to $2.2 million or 7 cents per diluted share compared to net income of $2.9 million or 9 cents per share, a year ago.
TETRA Technologies, Inc (
TTI: chart) decreased 15.8% or $1.04 to $5.52 after the oil and gas services company reported third quarter revenues rose 4.28% to $249 million from $238.8 million a year ago. Net income in the quarter was $11.66 or 15 cents per diluted share compared to net income of $3.86 or 5 cents per share a year ago.