Shares of Four Seasons Hotels(FS Quote) dropped 6% after the hotel company posted third-quarter results that disappointed investors. The company reported a loss of $11.4 million, or 31 cents a share, on sales of $52.2 million. Excluding items, the company earned $8.1 million, or 22 cents a share. Analysts expected earnings of 36 cents a share, before items, and sales of $54.9 million. Last year, Four Seasons posted a third-quarter loss of $8.5 million, or 24 cents a share, on sales of $63.3 million. Excluding items, the company would have earned $9 million, or 24 cents a share, a year ago. Shares were down $3.47 to $53.20.
NYSE volume leaders included Nortel Networks(NT Quote), down 12 cents to $3.09; General Motors(GM Quote), down $1.70 to $22.93; Lucent Technologies(LU Quote), down 3 cents to $2.75; Exxon Mobil(XOM Quote), down $1.15 to $56.35; Pfizer(PFE Quote), down 23 cents to $21.93; JP Morgan Chase(JPM Quote), up 18 cents to $37.90; Citigroup(C Quote), up 19 cents to $47.01; and Motorola(MOT Quote), down 3 cents to $23.56. Nasdaq volume leaders included Cisco Systems (CSCO Quote), down 55 cents to $17.20; Intel(INTC Quote), up 32 cents $25.12; JDSU(JDSU Quote), down 12 cents to $2.22; Microsoft(MSFT Quote), down 14 cents to $26.82; Sun Microsystems(SUNW Quote), down 5 cents to $3.73; Nvidia(NVDA Quote), up 91 cents to $35.69; Viropharma(VPHM Quote), down $3.59 to $18.37; Apple Computer(AAPL Quote), down 40 cents to $59.72; Sirius Satellite Radio(SIRI Quote), up 5 cents to $6.93; and Oracle(ORCL Quote), down 8 cents to $12.43.- Loading Comments...
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