12:20 PM New York – Airgas lowered its earnings per share forecast. FMSA net and revenues surged. Humana divested its subsidiary Concentra to MJ Acquisition for $1.05 billion and reiterated earnings outlook. Kansas City Southern plunged on lower revenues guidance. Veritiv net loss widened.
Tollbooth Index gained 0.3% or 33.63 to 10,612.97.
) slipped 1.1% or $1.16 to $106.12 after the industrial, medical and specialty gases supplier lowered its earnings per share forecast for the fourth-quarter in the range of $1.13 to $1.16 from earlier guidance of $1.25 to $1.30.
FMSA Holdings Inc
) jumped 2.9% or 16 cents to $5.58 after the oilfield service provider said revenues in the fourth-quarter ending in December soared 28.9% to $353.4 million from a year ago period.
Net income in the quarter surged 127.4% to $40.7 million or 23 cents per diluted share compared to $17.9 million or 6 cents from the same quarter last year.
) fell 28 cents to $182.51 after the health insurance company agreed to divest its wholly-owned subsidiary Concentra, the occupational health services provider to MJ Acquisition Corporation for $1.05 billion in cash.
The transaction is expected to close in the second-quarter.
Humana reiterated earnings-per-share for the year between $8.50 and $9.
Kansas City Southern
plunged 8.1% or $9.33 to $106.36 after the transportation company reduced revenue guidance for the year to lower single-digit percentage range from fiscal 2014 from previous estimate of mid single-digit growth.
For the first-quarter, the company said lower natural gas prices and negative impact of coal business may leads revenues in energy to drop 10% and 20% decline in coal business.
) fell 18 cents to $47.68 after the print, packaging services provider reported net sales in the fourth-quarter ending in December climbed 106.9% to $2.38 million from a year ago period.
Net loss in the quarter widened to $14 million or 88 cents per diluted share compared to $1.8 million or 23 cents from the same quarter last year.