12:05 PM New York – Cray won $174 million contract from National Nuclear Security Administration. Fastenal profit and sales climbed. PriceSmart net surged 15%. Whirlpool plans to buy 67% voting stock of Italy-based Indesit for $1.03 billion. Wells Fargo net jumped 4%.
Tollbooth Index increased 0.7% or 6.62 to 9,419.86.
The Sensex Index dropped 348.40 or 1.4% to close at 25,024.35 The CNX Nifty slumped 108.15 to 7,459.60. For the week ended, Sensex declined 3.6%.
) plunged 5.3% or $1.68 to $29.81 after the super computers maker won the largest contracts to provide the National Nuclear Security Administration with a next generation Cray X supercomputer and a Cray Sonexion storage system valued $174 million.
) declined 4.6% or $2.20 to $45.96 after the industrial and construction material supplier said net sales in the second-quarter ending in June soared 12% to $949.9 million from a year ago.
Net earnings in the quarter climbed 7.9% to $130.5 million or 44 cents a diluted share compared to $121 million or 41 cents from a year ago quarter.
) plunged 6.6% or $5.71 to $80.50 after the discount store stated total revenue in the third-quarter ending in May jumped 7.6% to $615 million from a year ago.
Net income in the quarter surged 15% to $21.3 million or 70 cents a diluted share compared to $18.5 million or 61 cents from a year earlier.
Reynolds American Inc
) slipped 52 cents to $61.72 after the cigarette maker and Lorillard Inc is in talks to sell some of their brands to U.K.-based Imperial Tobacco Group Plc.
U.K.-based British American Tobacco owns 42% of Reynolds and to require approving the merger.
TRW Automotive Holdings Corp
) jumped 2.2% or $2.16 to $101.05 after the auto-parts maker received a non-binding buyout offer and the company is assessing the deal as well as considering the other options.
) gained 1.5% or $2.14 to $141.35 after the home appliances maker said it will buy 66.8% voting stock of Italy-based Indesit Co SpA, the white goods maker for about €758 million or $1.03 billion to expand its business in Europe.
The transaction is expected to close by the end of this year.
Wells Fargo & Co
) dropped 51 cents to $51.30 after the financial service provider reported revenue in the second-quarter ending in June fell 1.4% to $21.1 billion a year ago period.
Net income in the quarter jumped 4% to $5.73 million or $1.01 a diluted share compared to $5.52 million or 98 cents from a year earlier.