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

Tuesday's Late Winners & Losers

Smithfield Foods (SFD) sunk 5.7% after the meat processor warned its fourth-quarter profits could fall short of Wall Street's expectations. In a statement after the bell, the company estimated earnings of 30 cents to 35 cents a share for the fiscal fourth quarter, which ended last month. Analysts polled by Thomson Financial had an average estimate for earnings of 44 cents a share. The company blamed the expected shortfall on rising costs in hog production and its cattle feed business, hurt by the rising price of corn. Shares were trading down $1.87 to $30.88.

VeriFone Holdings (PAY) sank 3.8% after reporting a much smaller first-quarter profit. The company, which provides electronic transaction automation systems, reported net income of $4.9 million, or 6 cents a share, compared to $15 million, or 23 cents a share in the year-ago period. VeriFone said the decrease was due mainly to acquisition and increased stock-based compensation-related costs.

The company also increased its second-quarter guidance, but still fell short of analysts' estimates. It now expects net income of $14 million, or 17 cents a share, up from earlier guidance of $13.2 million, or 13 cents a share. Analysts polled by Thomson Financial expect 38 cents a share. Shares were down $1.40 to $35.65.

Borders Group (BGP) eased 4% after reporting a wider first-quarter loss after the bell. The bookseller lost $35.9 million, or 61 cents a share, up from $20.2 million, or 31 cents, in the year-ago period. Analysts polled by Thomson Financial expected a loss of 38 cents a share. Shares were down 93 cents to $22.39 in recent trading.

2 of 2

Select the service that is right for you!

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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • 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