Thursday's Winners & Losers: Books-A-Million
Updated from 10:58 a.m. EDT
Books-A-Million (BAMM) was among the Nasdaq's winners Thursday, as shares jumped 8.8% after the book retailer announced a special dividend of $3 a share.
The one-time dividend will be paid on July 5 to shareholders of record on June 20. The special dividend will cost the company about $50.4 million. Books-A-Million has some 16.8 million shares outstanding. Shares closed up $1.47 to $18.19.
Monster Worldwide (MNST) slipped 2.5% after the company announced another high-profile departure. The online job search company said that chief financial officer Lanny Baker will leave the company to pursue other interests. He will be replaced by Timothy Yates. In April, former chief executive William Pastore was replaced by Sal Ianuzzi. Before that, William Pastore had taken over for Andrew McKelvey, who left the company in October. Shares closed down $1.15 to $44.71.
Shares of UTI Worldwide (UTIW) rose 1.9% after the logistics company posted in-line first-quarter earnings on better-than-expected revenue. The company earned $18.1 million, or 18 cents a share, on revenue of $944.7 million. Analysts polled by Thomson Financial expected earnings of 18 cents a share on revenue of $915.3 million. During the year-earlier quarter, the company earned $19.3 million, or 20 cents a share, on revenue of $773.7 million. Looking ahead, UTI Worldwide continues to full-year earnings of $1.14 to $1.22 a share. Analysts project earnings of $1.15 a share. Shares closed up 51 cents to $27.03. DynCorp International (DCP) surged 22.9% after the defense contractor posted fourth-quarter results that topped Wall Street's forecast. The company earned $18.9 million, or 33 cents a share, on revenue of $552.3 million. Analysts had expected earnings of 28 cents a share on revenue of $540 million. During the year-earlier quarter, the company earned $5.8 million, or 18 cents a share, on revenue of $548.8 million. Looking ahead, DynCorp sees fiscal 2008 earnings of $1 to $1.10 a share on revenue of $2.3 billion to $2.4 billion. Analysts project earnings of $1.02 a share on revenue of $2.37 billion. Shares closed up $3.85 to $20.70. Shares of Volt Information Services (VOL) tumbled 15.7% after the staffing-services company posted second-quarter results that fell below expectations. The company earned $6.4 million, or 28 cents a share, on revenue of $568.2 million. Analysts expected earnings of 41 cents a share on revenue of $612 million. During the year-earlier period, the company earned $9.1 million, or 39 cents a share, on revenue of $593.8 million. Shares were down $3.99 to $21.41.Select the service that is right for you!
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