Company/EPS Estimate
- (GME)/1.12
- (FDS)/.60
- (LEH)/.72
- (GS)/2.58
- (DRI)/.82
Financial shares rose as investors speculated the Federal Reserve will make the deepest interest-rate cut in more than two decades to ease financial-market turmoil. UBS AG (UBS) gained 10 percent to $27.19. HSBC Holdings Plc American depositary receipts (HBC) advanced 3.7 percent to $78.95. Credit Suisse Group (CS) rose 3.4 percent to $47.77. Citigroup Inc. (C) climbed 2.6 percent to $19.10.
Excel Maritime Carriers Ltd. (EXM): The commodities shipper said fourth-quarter profit more than tripled to $1.71 a share on higher rates for shipments of iron ore and coal. The average of estimates by six analysts compiled by Bloomberg was $1.48 a share. The stock rose 6.9 percent to $26.47 in extended trading yesterday.
Oceaneering International Inc. (OII): The Houston-based offshore oilfield-service company said it acquired GTO Subsea AS, based in Kristiansund, Norway, for $45 million to add dredging capabilities. The stock fell 5 percent to $58.26 in regular trading yesterday.
