Afternoon Movers: Wolverine Given the Boot, Black & Decker Higher

Shares of boot maker Wolverine World Wide (WWW) are being given the boot, falling $1.76, or 6.5%, to $25.39 after the company this morning missed Q4 revenue and profit estimates and forecast this year’s profit below estimates. Q4 sales fell almost 10% to $312.5 million, missing the average $318.5 million estimate, while profit per share of 45 cents was merely in line. This year, the company sees profit per share of $1.88 to $1.96, below the $1.98 average estimate, and sales of $1.14 billion to $1.17 billion versus the average $1.15 billion estimate.

Tool maker Black & Decker (BDK) is higher by $2.52, or 3.7%, at $71.27 after the company this morning reported a blow-out Q4, with profit per share of $1.24 coming in a full 47 cents higher than expected, excluding the costs of the company’s acquisition of Stanley Works. Revenue fell 5.6% to $1.3 billion, $100 million better than expected. For this quarter, B&D forecast revenue growth in the single digits in revenue, which is better than the consensus forecast for a 1% decline.

Electrical controls maker Powell Industries (POWL) is up $1, or 3.4%, at $30.35 after the company blew away fiscal Q1 EPS estimates this morning with 83 cents, versus 59 cents per share expected, even though it missed revenue by a wide margin, at $139.5 million versus $155.5 million expected. The company forecast year sales and profit in line with expectations, with revenue forecast at $550 million to $600 million versus the average $584 million estimate and PES of $1.65 to $2 versus the $1.82 average estimate.

Construction materials maker Headwaters (HW) is off 23 cents, or 4%, at $5.28 afterthe firm this morning substantially missed fiscal Q1 sales and profit estimates, turning in revenue of $139.6 million and profit per share of 23 cents, versus the expected $153.5 million and 31 cents. Nevertheless, management declared the quarter the most favorable year-over-year change in two years.

$20 billion (market cap) scientific equipment giant Thermo Fisher Scientific (TMO) is up 78 cents, or 1.6%, at $48.36 this afternoon after the company this morning reported Q4 revenue rose 7.3% to $2.84 billion, beating the average estimate by $100 million, yielding profit per share of 91 cents, three cents better than expected. For this year, the company forecast profit in line and revenue ahead of expectations, at $3.30 to $3.45 per share in profit, against expectations for $3.38, and $10.6 billion to $10.8 billion in revenue versus the average $10.6 billion consensus.