AXE, YRCW, PACR are Top Services Sector Stocks
Top Earning Stocks
Dallas, TX 10/27/2009 07:20 PM GMT (TransWorldNews)
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Anixter International Inc. (NYSE:AXE) notched up 6.24% to $42.91 on an unusual huge volume of 791K shares after today it posted a better-than-expected quarterly profit due to lower expenses, but warned that fourth-quarter revenue would drop sequentially. "As we head towards year end, we are cognizant that there will be fewer shipping days in the fourth quarter due to the Thanksgiving, Christmas and New Year's holidays," Chief Executive Robert Eck said in a statement. The company also expects that certain of its OEM supply customers will use this period to extend normal holiday factory shutdowns. Third-quarter net income fell to $22.1 million, or 61 cents per share, from $59.7 million, or $1.53 per share, a year earlier. Revenue fell 20 percent to $1.27 billion. Analysts expected earnings of 56 cents a share, excluding exceptional items, on revenue of $1.23 billion, according to Thomson Reuters I/B/E/S
YRC Worldwide Inc. (NASDAQ:YRCW) surged 4.03% to $3.87 on massive volume of 4.43 million shares. The stock has a 52-week range of $4.57-$12.58. YRC Worldwide Inc. (YRC Worldwide) is a holding company, through its wholly owned operating subsidiaries offers the customers a range of transportation services. The Company's operating subsidiaries includes YRC National Transportation (National Transportation), YRC Regional Transportation (Regional Transportation), YRC Logistics, and YRC Truckload (Truckload).
Pacer International, Inc. (NASDAQ:PACR) spurted 9.97% is trading at $3.31 with a huge volume of 578K shares. The stock has a 52-week range of $1.57-$12.39. Pacer International, Inc. (Pacer International) is a asset-light North American logistics provider. The Company provides transportation and logistics services to numerous Fortune 500 and multi-national companies, including Big Lots, C.H. Robinson, General Electric, Sony, Union Pacific, Toyota and ConAgra, which together represented approximately 18.7% of its revenues for the fiscal year ended December 26, 2008 (fiscal 2008).
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