RDEN, INSP, KMT, ORLY, TEN, SYMC, ACXM Popular Stocks
U.S. stocks climbed Thursday, as the Dow Jones Industrial Average rose 190 points to 9952, the S&P 500 gained 22 points to 1064 and the Nasdaq Composite increased 38 points to 2096.
Elizabeth Arden Inc. (NASDAQ:RDEN, $11.59, +$0.03, 0.26%) swung to a surprise fiscal first-quarter profit as the beauty-products company posted fewer charges and higher margins.
InfoSpace Inc. (NASDAQ:INSP, $8.73, +$0.43, 5.18%) swung to a third-quarter profit on higher sales and prior-year investment losses. The results topped Wall Street’s expectations, and the company predicted fourth-quarter revenue above analysts’ estimate.
Kennametal Inc. (NYSE:KMT, $24.71, +$1.96, 8.62%) swung to a third consecutive quarterly loss in its fiscal first quarter on sales weakness as restructuring savings helped the industrial tool maker beat analysts’ loss expectations. The maker of metal-cutting tools and mining and highway-construction equipment also raised its earnings target for the year.
O’Reilly Automotive Inc.’s (NASDAQ:ORLY, $37.72, +$4.04, 12.00%) third-quarter earnings-per share beat even the most bullish analyst estimate. It also delivered an in-line view for the fourth quarter and raised its 2009 view. Credit Suisse said third-quarter beat was stronger than competition as “there don’t appear to be any holes.”
Tenneco Inc. (NYSE:TEN, $14.52, +$1.01, 7.48%) posted a narrower third-quarter loss as cost cutting raised the auto-parts maker’s margins and the prior year had hefty tax-related charges.
Symantec’s (NASDAQ:SYMC, $17.71, +$1.98, 12.59%) fiscal second-quarter profit rose 19% on rising margins and strong sales in its consumer segment as results beat its expectations. The security-software company also said it would buy back up to $1 billion in shares.
Axciom Corp. (NASDAQ:ACXM, $11.28, +$1.63, 16.89%) beat expectations for its fiscal second quarter as the marketing services company said results improved sequentially and noted several clients are expecting to increase marketing spending during the next few quarters.
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