Today's Winners and Losers

Today's Winners and Losers: Autobytel

 

Shares of DXP Enterprises(DXPE) were among the Nasdaq's winners Thursday, jumping 20% after the distributor of maintenance, repair and operating products for industrial firms posted fourth-quarter results that pleased Wall Street.

The company earned $2.1 million, or 36 cents a share, on sales of $54.7 million. A single analyst polled by Thomson First Call expected earnings of 23 cents a share and sales of $46.3 million. During the year-earlier period, the company earned $645,000, or 12 cents a share, on sales of $37.7 million. "We feel that our sales and operational strategies position DXP well for the future and give us the ability to leverage these successes in future acquisitions," the company said. Shares were trading up $3.64 to $22.22.

Dana(DCN) shares tumbled 23% after the auto-parts maker missed a $21 million debt payment. The company failed to make a March 1 payment on its 7% senior notes due March 1, 2029, and its 6.5% senior notes due March 1, 2009. The company said that it has a 30-day grace period with respect to the interest payments. "Failure to make the interest payments by March 31, 2006, would constitute an event of default under the indenture for the notes that would permit the indenture trustee, or holders of 25% or more of the notes, to accelerate the maturity of the notes," the company said in a statement after the market closed on Wednesday. Shares recently were trading down 43 cents to $1.42.

Men's Wearhouse(MW) jumped 14% after the men's clothier posted better-than-expected fourth-quarter results. The company earned $32.7 million, or 60 cents a share, on sales of $497 million. Excluding items, the company earned $36.3 million, or 67 cents a share. Analysts expected earnings of 53 cents a share on sales of about $495.2 million. During the year-earlier period, the company earned $25 million, or 45 cents a share, on sales of $458.7 million.

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