Company/EPS Estimate
- (PCS)/.12
- (ARM)/.00
- (FDC)/.33
- (HLT)/.33
- (LDG)/.44
- (M)/.07
Excel Maritime Carriers Ltd. (EXM) fell $8.09, or 15 percent, to $44.50 in extended trading. The commodities shipper said third-quarter earnings were 96 cents a share, including 4 cents of unrealized losses. The average estimate from analysts was $1.01.
Leggett & Platt Inc. (LEG): The maker of mattress springs and lumbar supports for automobile seats said it plans to divest units and close plants with $1.2 billion in annual sales as a way to return more cash to shareholders. The stock rose 81 cents, or 4.5 percent, to $19 in regular trading.
Prudential Financial Inc. (PRU): The second-largest U.S. life insurer authorized repurchasing as much as $3.5 billion of stock in 2008 and boosted its dividend for this year by 21 percent. The stock rose $2.43 to $97.07 in regular trading.
Wendy's International Inc. (WEN) rose 80 cents, or 2.5 percent, to $32.45 in extended trading. The third-largest U.S. hamburger chain received a bid from Nelson Peltz's Triarc Cos. to acquire the company. The proposed purchase price is less than the range of $37 to $41 that Peltz indicated he might pay for each share in July, Peltz's Trian Fund Management LP said in a regulatory filing.
Watch MO, NKE, STT, BLK, NOC for long breakouts.Watch HAR, TDW, COO, STU for short breakdown.
-MM
