[R]11:45PM New York – Walgreen Company and North American Energy rose after the release of earnings.[/R]

Walgreen Company, drugstore retailer reported third quarter sales increased 10% to $15.0 billion from $13.7 billion a year ago. Net income in the quarter increased 2.0% to $572 million or 58 cents per diluted share compared to net income of $561 million or 56 cents per share, a year ago.

Total same store sales open for more than a year were up 3.4% in the quarter, while front-end comparable drugstore sales rose 4.6% in the quarter.

Walgreen Company (WAG: chart) in the last one year traded as high as $48.09 in September 2007 and as low as $32.50 in January 2008. Based on the Friday’s closing price the company has a market cap of $34.74 billion.

North American Energy Partners Inc, a provider of heavy construction, mining, piling and pipeline services in western Canada reported fourth quarter revenues increased 58% to $323.6 million from $205.4 million a year ago. Net income in the quarter increased 94.27% to $22.7 million or 63 cents per diluted share compared to net income of $1.3 million or 4 cents per share, a year ago.

Fiscal 2008 consolidated revenue increased to $989.7 million, a 57% gain over fiscal 2007. While revenue gains were realized across the group, the Pipeline and Heavy Construction and Mining segments accounted for approximately 85% of the $360 million increase. Fiscal 2008 gross profit increased to $163.3 million, a 77% increase over last year''s $92.4 million. As a percentage of revenue, gross profit improved to 16.5% from 14.7%.

The Company posted net income of $39.8 million or $1.11 per share, in fiscal 2008, up significantly from net income of $21.1 million or $0.87 per share during the same period last year. Unrealized non-cash losses on foreign exchange and derivative financial instruments reduced net income by $5.5 million, net of tax, in the current year versus a benefit of $6.1 million, net of tax, in the prior year.

Excluding these items, basic earnings per share would have been $1.27 per share compared to $0.62 per share in the prior year. In addition, the comparison of earnings per share to the prior-year period is impacted by weighted average number of common shares of 35.8 million compared to 24.4 million in the prior year.

The piling segment revenue rose 36% to $40.7 million in the fourth quarter, ending the year with revenue of $162.4 million, a 49% increase over fiscal 2007. Full-year revenue also improved, climbing 327% from 2007 to $200.7 million and supporting segment profits of $25.5 million, compared to a loss of $10.5 million in 2007.

North American Energy Partners Inc (NOA: chart) in the last one year traded as high as $21.43 in July 2007 and as low as $9.68 in February 2008. Based on the Friday’s closing price the company has a market cap of $744.20 million.