Navistar International Soars On Earnings (NAV, CMCSA, UTIW, CTIC, SHLD)
Navistar International Corp(NYSE:NAV) shares climbed 7.79% to $22 after the company reported a third-quarter 2012 net income of $84 million, or $1.22 per share, from last year’s $1.4 billion, or $18.24 per share. Analysts expected loss per share of $1.36 for the quarter. Quarterly sales and revenues, net totaled $3.32 billion, versus $3.54 billon in the 2011 third quarter, down 6% from the previous year. Analysts estimated revenues of $2.96 billion for the quarter.
Comcast Corporation(NASDAQ:CMCSA) shares increased 0.12% to $33.75. On Michael J. Angelakis, Vice Chairman and Chief Financial Officer of Comcast Corporation will participate in the 21st Annual Goldman Sachs Communacopia Conference in New York City on Wednesday, September 19, 2012.
UTi Worldwide Inc.(NASDAQ:UTIW) stock gained 0.12% to $13.47 after the company reported a second-quarter net income of $18.9 million, or $0.18 per share, from $22.9 million, or $0.22 per share, in the same period last year. Adjusted net income totaled $20.3 million, or $0.20 per share. Analysts expected earnings per share of $0.23 for the quarter. Revenues declined 10.9% to $1.155 billion, from the prior year’s $1.30 billion. Analysts estimated revenues of $1.28 billion for the quarter.
Cell Therapeutics Inc(NASDAQ:CTIC) stock jumped 1.11% to $1.82. The company appointed former Managing Director and Head of West Coast Biotechnology for Oppenheimer & Co. and its U.S. predecessor, CIBC World Markets, Matthew J. Plunkett, Ph.D., as CTI’s Executive Vice President, Corporate Development. Dr. Plunkett will lead CTI’s partnering strategy including development collaborations, licensing agreements, and strategic alliances.
Sears Holdings Corporation(NASDAQ:SHLD) shares climbed 5.93% to $55.20 after the shares of SHLD was upgraded by equities research analysts at EVA Dimensions to a “hold” rating in a research note issued to investors yesterday.
Additionally, the company recently exited the S&P500 index, as the company’s public float has been less than the 50% threshold mandated by S&P. The stock has been a member of the S&P for over 50 years.