Today's Big Gainers: CYT, URI, ETH, MS, CPX
Wednesday, July 21, 4:39 PM ET

Launch related slideshow
What You Wish You Shorted 3 Months Ago:
10 Worst Three Month Performers »

The company now expects to achieve 2010 revenues of $3.2 to $3.4 billion versus their prior projection of $2.7 to $3.0 billion, and as adjusted 2010 diluted earnings per share in a range between $3.20 to $3.50, up from their prior as adjusted forecast of $1.90 to $2.40 per diluted share.

The company declared a quarterly cash dividend of $0.0125 per share.

Shares of Cytec are up 17.5%.

United Rentals (NYSE:URI) posted total revenue of $557 million and rental revenue of $450 million for the second quarter, compared with $615 million and $454 million, respectively, for the same period last year. Operating income was $59 million, compared with $5 million for the same period last year.

On a GAAP EPS basis, the company reported second quarter 2010 net income of $12 million, or $0.18 per diluted share, compared with a net loss of $17 million, or a loss of $0.28 per diluted share, for the same period in 2009.

Adjusted EPS ex-items was $0.25 per diluted share, compared with a loss of $0.24 per diluted share the prior year.

United Rentals is higher by 13.25%.

Ethan Allen Interiors (NYSE:ETH) declared a regular quarterly cash dividend of $0.05 per share. The company also reported net sales for the quarter ended June 30 of approximately $163 million, an increase of 18% from the same quarter last year. They expect their diluted EPS for the fourth fiscal quarter to be in the range of $0.30 to $0.32 compared to a loss per share of $0.23 in the previous year quarter, excluding restructuring, impairment, and related transition costs in both periods.

Shares of Ethan Allen are up 9.5%.

Morgan Stanley (NYSE:MS) reported income of $1.4 billion, or $0.80 per diluted share for the quarter ended June 30 compared with a loss of $138 million, or $1.36 per diluted share, for the same period a year ago.

Net revenues were $8.0 billion for the current quarter compared with $5.2 billion a year ago.

Morgan Stanley is higher by 7.75%.

Complete Production Services (CPX) reported second quarter revenue of $360.2 million, an increase of 16% over the first quarter of 2010, Adjusted EBITDA of $85.3 million, an increase of 53% over the first quarter of 2010, operating income of $39.9 million and net income of $15.7 million, or $0.20 per diluted share.

Shares of Complete Production are up 8%.