Market Roundup

Shares of Boeing Co BA rose about 0.3% after the company lifted its projections for the global commercial aircraft market over the next 20 years. Boeing now projects demand for 33,500 aircraft worth an aggregate $4 trillion, up from its earlier long-term market forecast for 30,900 new commercial aircraft worth $3.6 trillion. Boeing now expects passenger traffic to grow at a 5.1% annual rate over the long term, and the world commercial aircraft fleet to double by 2030. Boeing projects single-aisle jets to make up 70% of the world fleet by 2030, versus 62% last year. Shares of Winnebago Industries Inc WGO fell about 17% after the company reported an 80% decline in its fiscal third-quarter profit. Winnebago reported its quarterly profit at $1.2 million, or $0.04 per share, down from $6 million, or $0.21 per share, in the year-earlier period. The year-earlier period included a $0.08 gain on tax benefits. Winnebago's revenue rose 0.6% to $135.6 million. Analysts were expecting earnings of $0.13 per share on sales of $151 million. Shares of MediaMind Technologies Inc MDMD jumped about 38% after DG FastChannel Inc DGIT announced its plans to acquire MDMD for about $418 million in an all-cash deal. Under the deal, DG FastChannel will pay $22 per share in cash, representing a 38% premium to MediaMind's closing price on Wednesday. The deal is likely to close in the third quarter of 2011. The deal will add to DGIT's adjusted earnings per share in 2012. DG FastChannel reported that MediaMind Chief Executive Gal Trifon will serve as DGIT chief digital officer after the closing of the deal. Shares of Actuant Corp ATU gained about 4.7% after the company reported upbeat fiscal third-quarter profit and raised its full-year projections. Actuant reported a quarterly profit at $36.4 million, or $0.49 per share, up from $21.8 million, or $0.30 per share, in the year-earlier period. Its earnings from continuing operations surged to $0.51 per share from $0.39 per share. Its sales rose 27% to $392.8 million. Analysts were expecting earnings of $0.46 per share on revenue of $379.09 million. Actuant lifted its full-year earnings forecast to $1.60 to $1.65 per share on sales of $1.43 billion to $1.44 billion. In March, the company had projected earnings of $1.50 to $1.60 per share on sales of $1.4 billion to $1.425 billion. Looking to 2012, Actuant projects full-year earnings, excluding future acquisitions, of $1.80 to $2 per share on sales of $1.6 billion to $1.65 billion. Analysts expected earnings of $1.87 per share on revenue of $1.55 billion. Read more from Benzinga's Markets.
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