D.R. Horton, Inc. (NYSE:DHI) shares climbed 10.28% to $23.50 in the early hour after the company reported that first-quarter net income rose to $66.3 million, or 20 cents per diluted share, from $27.7 million, or 9 cents a share, during the same period in the prior year. Analysts had expected per-share earnings of 14 cents for the home builder. Net sales orders for the first quarter rose 39% to 5,259 homes from 3,794 homes during the same period in the prior year.
Cal Dive International, Inc. (NYSE:DVR) shares jumped 7.87% to $1.92 on no official news. The 52 week trading range for the company is $1.00 – $4.00. The shares of the company fell 36% in the last one year. The company is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry.
Valero Energy Corporation (NYSE:VLO) stock jumped 9.35% to $42.44 after the company reported a fourth quarter profit of $1.01 billion, or $1.82 a share, up from $45 million, or eight cents a share, a year earlier. The latest period included asset write-downs of six cents a share. Revenue increased 0.1% to $34.7 billion. Analysts most recently projected earnings of $1.18 on revenue of $31.01 billion.
FreeSeas Inc. (NASDAQ:FREE) shares gained 7.30% to $0.290. The company, last month, announced that, at the annual meeting of the Company, the Company’s shareholders elected Xenophon Galinas to the Board of Directors for three years, approved a reverse split of the Company’s issued and outstanding common stock at a ratio of up to one (1) for every twelve (12) shares outstanding and ratified the appointment of Sherb & Co., LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2012.
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