This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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!

Thursday's Winners & Losers: Tempur-Pedic

Shares of Tempur-Pedic International (TPX) were among the NYSE's losers Thursday, falling 6% after the company said that funds managed by TA Associates distributed some 5 million shares of the mattress maker's stock.

The share distribution represents about 32% of TA's interest in Tempur-Pedic. The shares were first acquired by TA in November 2002. Shares of Tempur-Pedic were trading down $1.03 to $17.09.

Shares of Stanley Furniture (STLY) tumbled 8% after the furniture maker slashed its third-quarter earnings and sales guidance. The company now sees earnings of 27 cents to 29 cents a share, down from an earlier view of 38 cents to 41 cents a share. The company predicts an 8% to 10% drop in sales from a year earlier, when sales totaled $85.6 million. Analysts polled by Thomson First Call project third-quarter earnings of 39 cents a share and sales of $82.3 million. Stanley plans to issue third-quarter results on Oct. 16.

For the year, Stanley predicts a profit of $1.24 to $1.32 a share, with a 4% to 7% sales drop. Wall Street anticipates earnings of $1.56 a share, with a top line of $324.9 million. Shares were trading down $1.78 to $20.97.

Measurement Specialties (MEAS) fell 5% after the company cut its second-quarter earnings forecast for the September quarter. The maker of measurement instruments now anticipates earnings of 19 cents to 22 cents a share for the second quarter, down from earlier guidance of 24 cents to 26 cents a share. Analysts, on average, project earnings of 24 cents a share. The company expects revenue to meet or beat its previous estimate of $48 million.

Measurement Specialties attributed the weaker earnings outlook to lower-than-expected gross margins. "Based on our preliminary July and August results, and in light of our investor presentation this afternoon and previously released material, we felt if prudent to adjust guidance, at this time," the company said. Shares were down 92 cents to $19.01.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • 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