LFUS, NEM, RAD, TER, XL, LNC, AET, AIZ Popular Stocks
U.S. stocks climbed Thursday, as the Dow Jones Industrial Average rose 1.93% to 9951, the S&P 500 gained 2.16% to 1065 and the Nasdaq Composite increased 1.85% to 2097.
Littelfuse Inc. (NASDAQ:LFUS, $27.69, +$3.29, 13.48%) topped expectations for its third quarter and the maker of circuit protection products projected its fourth quarter above the Street’s consensus.
Newmont Mining Corp.’s (NYSE:NEM, $43.06, +$1.56, 3.76%) third-quarter profit more than doubled, blowing past analysts’ estimates, amid cost cuts and record revenue due to higher metals prices.
Rite Aid Corp. (NYSE:RAD, $1.34, +$0.08, 6.36%) said same-store sales fell 0.5% in October, again easing from a steeper year-on-year slide a month earlier but still posting another month of softer performance.
Teradyne Inc. (NYSE:TER, $9.23, +$0.57, 6.58%) reversed a prior-year third-quarter loss on smaller restructuring charges as automatic-testing-equipment demand continues to rebound.
XL Capital Ltd. (NYSE:XL, $17.50, +$1.27, 7.83%) returned to the black in the third quarter, after big losses a year ago from dealings with Syncora Holdings Ltd. (SYCRF, $0.34, -$0.02, -4.29%), as the property-and-casualty insurer reported core profit well above analysts’ expectations.
Lincoln National’s (NYSE:LNC, $25.45, +$3.20, 14.38%) third-quarter profit–its first in a year–rose 3.3% on a gain from an asset sale. The life insurer and variable-annuity provider’s earnings topped Wall Street’s expectations.
Aetna Inc.’s (NYSE:AET, $27.02, +$1.70, 6.71%) third-quarter earnings rose 18% on improved valuations in its investment portfolio, while rising numbers of Cobra users and costs related to the H1N1 flu hurt margins at its commercial plans. The health insurer also lost members sequentially. Earnings topped analysts’ expectations.
Assurant Inc. (NYSE:AIZ, $31.10, +$1.86, 6.34%) swung to a third-quarter profit as its business improved from a year earlier, when it posted large investment and catastrophe losses. The insurer’s results topped Wall Street’s expectations.
Related Posts
