Tuesday's Winners & Losers: FreightCar America

Updated from 11:45 a.m. EDT

FreightCar America(RAIL Quote) was among the Nasdaq's losers Tuesday, as shares fell 3% after the maker of railroad freight cars warned that second-quarter earnings would be below expectations.

The company sees earnings of 85 cents to 95 cents a share. Analysts polled by Thomson Financial project earnings of $1.20 a share. "The North American market for most railcar types has softened considerably since last year and industry orders and backlogs have declined," the company said. Shares closed down $1.46 to $47.93.

Steelcase(SCS Quote) fell 6.2% after the maker of office furniture posted solid first-quarter results, but warned that second-quarter earnings would be below forecasts. The company earned $33.6 million, or 23 cents a share, on revenue of $808.5 million. Analysts expected earnings of 20 cents a share on revenue of $782.5 million. During the year-earlier quarter, the company earned $18.2 million, or 12 cents a share, on revenue of $727.3 million.

Looking ahead, Steelcase sees second-quarter earnings of 21 cents to 26 cents a share, including nonoperating gains of 2 cents a share. The company sees revenue that will be flat with last year's second quarter of $789.7 million. Analysts project earnings of 27 cents a share on revenue of $840.7 million. Shares were down $1.23 to $18.58.

Shares of Huntsman(HUN Quote) jumped 28.1% after the chemical company agreed to be acquired by Dutch chemical giant Basell for about $5.6 billion, or $25.25 a share in cash. Including debt, the deal is worth $9.6 billion. The price represents a 34% premium to Monday's closing price of $18.90. The deal is expected to close during the fourth quarter. Shares of Huntsman closed up $5.31 to $24.21.