Hanesbrands Inc. (NYSE:HBI): Backs FY12 revenue growth 2%-4%, consensus $4.77B. Sees FY12 gross margin in high 20’s. The shares closed at $30.02, up $3.08, or 11.43%. They have traded in a 52-week range of $21.74 to $33.36.
Amarin Corporation plc (NASDAQ:AMRN): Amarin initiated with an Overweight at JPMorgan and a price target of $22. The shares closed at $10.40, up $0.86, or 9.01%. They have traded in a 52-week range of $5.99 to $19.87.
E TRADE Financial Corporation (NASDAQ:ETFC): Reported Q1 revenue $489M versus consensus $468.38M. Reported daily Average Revenue Trades of 157,000 and provision for loan losses of $72M. The shares closed at $10.48, up $0.6, or 6.07%. They have traded in a 52-week range of $7.42 to $16.83.
Valmont Industries, Inc. (NYSE:VMI): Company said “Presently the drivers for our Utility Support Structures Segment are particularly strong. We expect utility demand to increase and margins to improve modestly as the year progresses. In the Engineered Infrastructure Products Segment, the environment for lighting and traffic products is not as favorable. Prospects for passage of a new U.S. highway bill appear to have been deferred until after the U.S. election in November, and the markets in Europe continue to be challenging. However, we are pleased with the improved quality of profitability in this segment, and expect continued improvement in the quality of segment profitability as the year progresses. The macroeconomic environment for the Irrigation Segment continues to be strong. The results for the second half of the year will largely depend on the outlook for the farm economy at that time. We expect the quality of the operating performance in the Coatings Segment to remain strong for the remainder of the year. In light of the strong Q1 results, and the factors outlined above, we are increasing our earnings outlook for the year and now expect earnings to exceed $8.00 per diluted share.” The shares closed at $125.40, up $7.06, or 5.97%. They have traded in a 52-week range of $73.00 to $122.00.
A. O. Smith Corporation (NYSE:AOS): Company said “Based on what we have seen so far this year, we have increased our estimate EPS for FY12 to $2.75-$2.90. This range does not include the potential impact from any future acquisitions or the first quarter gain related to the RBC shares. Our previously announced disciplined acquisition strategy continues to progress. We have the human capital, well-established processes, and the financial resources to manage additional acquisitions that will create value for our shareholders. We continue to seek water heating, boiler and water treatment companies in fast-growing geographies, as well as companies with new technologies or adjacencies to our core business.” The shares closed at $47.18, up $2.69, or 6.05%. They have traded in a 52-week range of $29.81 to $47.08.
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