Crane, Northern Trust, Paccar, Wolverine: U.S. Equity Movers

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.

Crane Co. (CR) rose 3.6 percent, the most since Sept. 1, to $48.79. The maker of products from airplane brakes to vending machines said on a conference call today its fluid handling margins will beat its previous forecast. It also said it expects regional and business jet activity to rebound.

EMS Technologies Inc. (ELMG) soared 16 percent, the most since February 2000, to $24.03. The provider of wireless communication equipment hired Bank of America Corp. as a financial adviser to evaluate existing inquiries from potential acquirers and seek other proposals.

Northern Trust Corp. (NTRS) tumbled 5.3 percent to $48.64, the lowest level since Oct. 25. The third-largest independent U.S. custody bank said first-quarter profit fell 3.9 percent as low interest rates reduced lending and money-market revenue.

Paccar Inc. (PCAR) jumped 3.7 percent, the most since March 21, to $52.19. The maker of Kenworth, Peterbilt and DAF trucks reported first-quarter earnings of 53 cents a share, beating the average analyst estimate by 4 cents.

Steel Dynamics Inc. (STLD) climbed 5.7 percent, the most since June 2, to $18.46. The Fort Wayne, Indiana-based producer of the metal posted a first-quarter profit of 46 cents a share, exceeding the average analyst estimate by 5 cents.

AK Steel Holding Corp. (AKS) rose 4.5 percent to $16.08. U.S. Steel Corp. (X US) increased 4.5 percent to $52.74.

Teck Resources Ltd. (TCK) rose 6.6 percent, the most since April 4, to $54.03. The world’s second-largest exporter of coal used in steelmaking posted first-quarter coal sales that beat the company’s forecast.

Tellabs Inc. (TLAB) advanced 5.2 percent, the most since July 7, to $5.27. The voice- and data-systems company said MTS, Russia’s largest mobile operator, has selected a Tellabs system to support 3G mobile data services across Russia.

Wolverine World Wide Inc. (WWW) gained 4.3 percent to a record $39.21. The shoemaker raised its 2011 earnings and sales estimates after first-quarter results exceeded the average analyst estimate.

To contact the reporters on this story: Whitney Kisling in New York at wkisling@bloomberg.net; Jeff Kearns in New York at jkearns3@bloomberg.net.

To contact the editor responsible for this story: Michael Regan at mregan12@bloomberg.net

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