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 Winners & Losers: American Commercial

Updated from 11:29 a.m. EDT

American Commercial Lines (ACLI) was among the Nasdaq's losers Tuesday, falling 9.1% after the barge operator cut its 2007 earnings guidance.

The company now sees earnings of $1.45 to $1.65 a share, down from earlier guidance of $1.75 to $1.95 a share. Analysts polled by Thomson Financial project earnings of $1.84 a share. "The lowered guidance is driven primarily by the further weakness in the spot grain markets over first-quarter levels and lower than planned productivity levels in the manufacturing segment during the second quarter," the company said.

The company also announced a $200 million stock buyback program. "We believe the purchase of ACL stock is an attractive investment and, at a $200 million level, maintains a well-capitalized balance sheet that will continue to allow us to fund the future growth of the company," American Commercial Lines said. Shares closed down $2.63 to $26.27.

Ecolab (ECL) rose 1.6% after Credit Suisse lifted its rating on the stock to outperform from neutral. The broker said that shares offer a compelling risk-reward equation for investors, especially after the company's recent pullback. Credit Suisse also lifted its target price to $50 from $49. Shares were up 66 cents $42.75.

Shares of Retail Ventures (RVI) slid 11% after the retailer posted first-quarter results that did not please investors. The company posted an adjusted loss of $9.8 million, or 21 cents a share, on revenue of $754.1 million. The single-analyst forecast called for a loss of 14 cents a share on revenue of $790.7 million. During the year-earlier quarter, the company posted an adjusted loss of $139,000, or less than a penny a share, on revenue of $721.5 million. Shares were down $2.03 to $16.51.

Dean Foods (DF) fell 4.3% after the dairy producer cut its second-quarter and full-year earnings guidance. The company now sees second-quarter earnings of 30 cents to 31 cents a share. For the full year, the company sees earnings of $1.52 to $1.58 a share. Analysts project second-quarter earnings of 37 cents a share and full-year earnings of $1.69 a share. Dean Foods said that it was hurt by rapidly increasing dairy costs and an oversupply of organic milk. Shares closed down $1.39 to $31.07.

Shares of Horizon Offshore (HOFF) jumped 10% after the provider of construction services for the offshore oil and gas industry agreed to be acquired by Cal Dive International (DVR) for about $650 million, or $19.25 a share. The price represents a 14% premium to Horizon's closing price of $16.95 on Monday. The deal includes a "go shop" provision, which allows Horizon to seek out a superior bid until July 27. After that, Horizon would have to pay a breakup fee of about $9.4 million if it walks away from the Cal Dive offer. Shares of Horizon closed up $1.69 to $18.64 while shares of Cal Dive closed down 48 cents, or 3%, to $15.52.

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 17,784.25 +6.10 0.03%
S&P 500 2,066.83 +5.60 0.27%
NASDAQ 4,761.2180 +12.8220 0.27%

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