Wednesday's Winners & Losers: International Coal

Shares of International Coal(ICO Quote) were among the NYSE's losers Wednesday, plunging 18% after the coal producer slashed its 2006 bottom-line projection.

The company now sees a full-year loss of 7 cents to 10 cents a share on revenue of $900 million. Previously, the company predicted a profit of 15 cents to 21 cents a share. Analysts polled by Thomson First Call project earnings of 19 cents a share on revenue of $1.01 billion. International Coal attributed the revision to the idling of its Sycamore 2 mine and continued cost pressures at mines in the central and northern Appalachian regions.

"This year has been an extraordinarily trying one for our management group with our focus diverted among several problems during the first half," International Coal said. Shares were trading down $1 to $4.53.

Energy Conversion Devices(ENER Quote) jumped 12% after the battery maker posted fiscal fourth-quarter results that beat forecasts. The company reported a loss of $769,000, or 2 cents a share, narrowed from $6.9 million, or 23 cents a share, a year earlier. Analysts expected a wider loss of 15 cents a share for the recent quarter. Revenue rose to $27.9 million from $20.9 million, compared with Wall Street's forecast of $27.8 million. Energy Conversion shares rose $4.17 to $37.16.

Shares of Pall Corp.(PLL Quote) shot up 14% after the maker of filtration products reported fourth-quarter results that topped Wall Street's expectations. For the period ended July 31, Pall earned $62.8 million, or 50 cents a share, up from $43.4 million, or 34 cents a share, a year earlier. Analysts, on average, anticipated earnings of 46 cents a share. Sales increased to $597.3 million from $524.5 million a year earlier, surpassing analysts' mean estimate of $555.6 million. For fiscal 2007, Pall forecast earnings of $1.47 to $1.60 a share. Analysts target a profit of $1.48 a share. Shares recently changed hands at $30.76, up $3.76.

Equity One (EQY Quote) shares slid 3% after the shopping-center developer cut its funds-from-operations forecast. The company now sees third-quarter FFO of 34 cents to 36 cents a share, down from its prior projection of 40 cents to 43 cents. For the full year, Equity One lowered its FFO guidance to $1.54 to $1.58 a share from a previous forecast of $1.65 to $1.72. Analysts predict third-quarter FFO of 41 cents a share and full-year FFO of $1.68 a share. Equity One shares were off 79 cents to $24.45.