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Market Update

Aecom, Astronics, D.R. Horton GE Rise; Rockwell, Sunedison Plunge


Author: Mukesh Buch
ticker.com
Last Update: 11:28 AM ET November 10 2015

11:30 AM New York GE won a contract worth $2.6 billion from the Indian railways. Aecom net tumbled 98%. Astronics profit soared 45%. D.R. Horton net surged 44% on 28% increase in revenues. Rockwell net plunged 19% after revenues declined 10%. Sunedison net loss widened.

Tollbooth Index slid 13.95 to 10,984.80.

Earnings Review

Aecom (ACM) increased 2.4% or 72 cents to $31.04 after the architectural and engineering services provider said total revenues in the fourth-quarter ending in September advanced 84% from a year ago to $4.72 billion.

Net income in the quarter tumbled 98% to $1 million or 1 cent per diluted share compared to $64 million or 64 cents per share from the same quarter last year.

Astronics Corporation (ATRO) surged 9.3% or $3.78 to $44.47 after the aerospace, defense, consumer electronics products maker stated revenues in the third-quarter ending in September jumped 11.5% from a year ago to $200.1 million.

Net income in the quarter soared 44.6% to $24.7 million or 42 cents per diluted share compared to $17.1 million or 31 cents per share from the same quarter last year.

The company estimated sales for the year between $690 million and $705 million, and revenue in aerospace segment in the range of $553 million to $564 million and in test systems segment in the range of $118 million to $134 million.

D.R. Horton, Inc (DHI) increased 1.9% or 54 cents to $29.31 after the homebuilder said total revenues in the fourth-quarter ending in September soared 28% from a year ago to $3.1 billion.

Net income in the quarter surged 43.7% to $238.9 million or 64 cents per diluted share compared to $166.3 million or 45 cents per share from the same quarter last year.

General Electric Company (GE) gained 1.5% or 44 cents to $30.19 after the diversified conglomerate won an award of $2.6 billion from the Indian railway ministry for the supply and maintenance of 1,000 locomotives for the next eleven-years.

Rockwell Automation (ROK) declined 4.9% or $5.28 to $102.51 after the industrial automation products maker reported total revenues in the fourth-quarter ending in September declined 9.8% from a year ago to $1.61 billion.

Net income in the quarter tumbled 19.1% to $201.3 million or $1.50 per diluted share compared to $248.7 million or $1.79 per share from the same quarter last year.

The company forecasted sales for the fiscal 2016 of about $6 billion and earnings per share in the range of $5.90 to $6.40.

As of September 30, the company had acquired 5.4 million at a cost of $606.2 million.

Sunedison Inc (SUNE) plunged 15.8% or $1.17 to $6.23 after the photovoltaic energy solution developer said net sales in the third-quarter ending in September rose 1.5% from a year ago to $476 million.

Net loss in the quarter widened to $284 million or 91 cents per diluted share compared to $283 million or $1.06 per share from the same quarter last year.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc