Movers: Boeing, GM, Target, US Steel, Choice Hotels

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com/research/stocks/snapshot/snapshot.asp?symbol=CHH'>CHH) posts better-than-expected $0.57, vs. $0.59, third quarter EPS as higher operating expenses offset 9.2% revenue rise. Street was looking for $0.56. Domestic unit growth increased 6.0%. Sees fourth quarter EPS of $0.40, 2008 adjusted EPS of $1.76.

Estee Lauder Companies (EL) posts $0.26, vs. $0.20, first quarter EPS on 11% revenue rise. Believes slowdown in global economy will impact its overall sales growth for rest of the year, strengthening of the U.S. dollar against several major currencies will also have a negative impact. As a result, revises its fiscal year 2009 sales growth in constant currencies to 3%-5%, EPS to $2.20-$2.50.

Ceradyne (CRDN) posts $0.73, vs. $1.16, third quarter EPS on 12% revenue decline. Sees $4.00-$4.15 2008 EPS on $695-$700 million sales, $3.25-$3.25 for 2009 on $640-$650 million sales.

Fresh Del Monte Produce (FDP) posts better-than-expected $0.46, vs. $0.51, third quarter EPS as higher fruit production, procurement, logistic costs offset 10% sales rise. Street was looking for $0.26.

Under Armour (UA) posts $0.51, vs. $0.40, third quarter EPS on 24% revenue rise. Based on the current economic environment, cuts $765-$775 million 2008 revenue forecast to $750-$765 million and $104.5-$105.5 million income from operations estimate to $97.5-$104.5 million.

Whirlpool (WHR) posts $2.15, vs. $2.20, third quarter EPS from continuing operations despite 1% revenue rise. Due to current economic conditions, now expects EPS from continuing operations of $5.75-$6.00 vs. previous estimate of $7.00-$7.50, expects to generate free cash flow of $0-$50 million vs. $500-$550 million. Suspends its share repurchase program. Has also announced substantial cost and production capacity reductions, will reduce its global workforce by approximately 5,000 positions by the end of 2009.

CF Industries Holdings (CF) posts $0.82, vs. $1.52, third quarter EPS as $251 million (or $2.88 per share) unrealized losses from mark-to-market adjustments offset 75% sales rise. Says positive fundamentals in global agricultural markets and substantial forward orders point to strong fourth quarter. Sets $500 million stock buyback.

Patriot Coal (PCX) posts $1.01 third quarter EPS on 67% revenue rise. Notes EPS is not presented for periods prior to spin-off, as Peabody Energy and its affiliates were sole owners prior to Oct. 31, 2007.

Rent-A-Center (RCII) posts $0.44, vs. $0.37, third quarter GAAP EPS despite slight drop in total revenues. Adds, however, that it is cutting its fourth quarter forecast, because the current severity of the financial crisis and its effect on the economy has resulted in a softening in its business. For fourth quarter, sees $0.44-$0.49 EPS on $698-$713 million total revenues. For 2009, sees $2.10-$2.30 EPS on $2.830-$2.890 billion total revenues.

Crane (CR) posts $0.60, vs. $0.87, (adjusted) third quarter EPS on 3% sales decline. Notes unexpected sharp slowdown in orders beginning in August in several of its short-cycle businesses, further weakening in Engineered Materials end markets, and the continued high level of engineering spending in Aerospace. Cuts 2008 guidance from $3.45-$3.60 to $2.75-$2.90.

First Advantage (FADV) posts $0.21, vs. $0.32, third quarter EPS from continuing operations on 9.7% revenue decline.