This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks in Motion: Pemco

Updated from 11:15 a.m. EDT

Shares of Pemco Aviation (PAGI) were among the Nasdaq's losers Monday after the company posted disappointing second-quarter earnings results.

The aircraft-maintenance company posted a second-quarter loss of 28 cents a share on sales of $43.5 million. A year ago, it earned 49 cents a share on sales of $47.3 million. The company's earnings before interest, taxes, depreciation and amortization, or EBITDA, came in much lower than expected. Instead of $5 million to $6 million in EBITDA, as the company had expected, it reported a loss of $300,000. The U.S. Air Force's new requirements associated with the maintenance of its KC-135 tanker fleet resulted in higher-than-expected costs and production delays for the company. Shares of Pemco Aviation traded down $3.77, or 12.6%, to $26.13.

21st Century (TCHC) fell after the insurance company projected its losses from Hurricane Charley and revised earnings guidance. The company's total exposure is estimated to be between 1,000 and 1,500 claims, which would result in a $5 million to $6 million charge, or about $1.25 a share during the third quarter. As a result of the charge, 21st Century now expects to post a profit of $2.50 a share for 2004. Excluding the charge, analysts had expected it to post a profit of $3.75 a share. Looking ahead, the company reaffirmed earnings estimates of $4.50 to $5 a share for 2005. Shares of 21st Century traded down $1.45, or 7.3%, to $18.30.

Shares of Arch Coal (ACI) rose after a federal judge rejected the Federal Trade Commission's request for a preliminary injunction that would have blocked Arch's acquisition of Triton Coal. Arch said the FTC has the right to seek an emergency stay of the decision. Arch agreed to not complete the transaction for two days. Shares of Arch Coal traded up $2.33, or 7.7%, to $32.73.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs