1:05 PM New York – Alcoa net swung to profit on flat revenues. AeroVironment net swung to profit. Capstone Turbine won first order from Oman. MSC Industrial jumped 4% on 13% increase in revenue. ServiceNow agreed to acquire Neebula Systems for $100 million.
Tollbooth Index rose 0.3% or 29.37 to 9,464.62 and broader indexes S&P 500 index and tech heavy Nasdaq Composite traded sideways with a downward bias.
) jumped 3.8% or 57 cents to $15.42 after the aluminum producer reported revenue in the second-quarter ending in June nearly flat at $5.84 billon.
Net in the quarter swung to profit $138 million or 12 cents a diluted share compared to a net loss of $119 million or 11 cents from a year ago.
) surged 16.1% or $4.99 to $35.95 after the aerospace and defense products maker said revenue in the fourth-quarter ending in April soared 36% to $73.5 million from a year ago period.
Net in the quarter swung to profit $8.1 million or 35 cents a diluted share compared to a net loss of $0.8 million or 4 cents from a year earlier.
Capstone Turbine Corporation
) rose 1 cent to $1.50 after the micro-turbine maker won first order to supply two Capstone C65 high pressure natural gas micro-turbines to Oman.
MSC Industrial Direct Co., Inc
) declined 4.3% or $4.03 to $89.35 after the industrial machinery distributor reported net sales in the third-quarter ending in May soared 13% to $720.5 million from a year ago.
Net income in the quarter jumped 4% to $64.7 million or $1.03 a diluted share compared to $62.4 million or 98 cents from a same quarter last year.
) slid 21 cents to $55.67 after the cloud-based services provider agreed to acquire Neebula Systems for about $100 million in cash.
The transaction is expected to close before end of this month.
, the jumped 2.5% or 93 cents to $38.46 after the Bermuda-based offshore drilling contractor decided to cancel a planned $1 billion 2019 maturity convertible bond offering.
Salix Pharmaceuticals, Ltd
) declined 3.8% or $5.25 to $132.02 after the pharmaceutical company agreed to merge its Ireland-based unit Cosmo Pharmaceuticals SpA in an inversion deal.