Updated from 11:29 a.m. EDT
Shares of Quiksilver(ZQK Quote) were among the NYSE's winners Friday after the company posted third-quarter results that were better than expected. The apparel maker posted a third-quarter profit of 32 cents a share on sales of $337.9 million. Analysts polled by Thomson First Call were expecting earnings of 30 cents a share on sales of $302.9 million. Looking ahead, Quiksilver reiterated its fourth-quarter expectations of 36 cents to 37 cents a share in earnings on sales of $315 million to $320 million. Analysts are looking for earnings of 37 cents a share on sales of $319.4 million. Shares of Quiksilver traded up $3.27, or 14.5%, to $25.90. Visteon(VC Quote) fell after it warned that it would not meet second-half or full-year earnings expectations. The auto-parts supplier said that its financial performance will be "significantly below previously forecasted results" due to the effect of lower production volume at Ford(F Quote), increased fuel and steel prices, a write-down of deferred tax assets and a delay in benefits that it expected to achieve from labor strategies. As a result, Visteon withdrew its financial guidance for third-quarter and full-year earnings, sales and cash flow. Visteon traded down $1, or 11.1%, to $8. Shares of Alcoa(AA Quote) fell after the company warned that third-quarter earnings would fall short of expectations. The aluminum producer said that a strike at its Becancour plant, a fire at one of its Pennsylvania plants and plant closings at two other facilities would cut its third-quarter earnings to 30 cents to 35 cents a share. Analysts were expecting earnings of 52 cents a share. Alcoa also said that softness in automotive, packaging and European end markets would affect third-quarter results as well. Shares of Alcoa traded down $2.54, or 7.6%, to $30.75. Brinker International(EAT Quote) fell after it cut its first-quarter and full-year earnings estimates. Excluding a one-time gain, the restaurant operator now expects first-quarter earnings of 38 cents to 40 cents a share, down from its previous estimate of 45 cents to 47 cents a share, and below the 43 cents that analysts were expecting. For the full year, it now expects earnings of $2.14 to $2.26 a share, down from its previous forecast of $2.18 to $2.30 a share. Analysts are looking for full-year earnings of $2.19 a share. The company blamed Hurricanes Charley and Frances for the revised outlook. Shares of Brinker International traded down $1.22, or 3.9%, to $30.11.- Loading Comments...
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