Tuesday's Winners & Losers
Updated from 1:55 p.m. EDT
Winn-Dixie Stores (WINN) sank after the Jacksonville, Fla., supermarket owner said it will probably post a loss for the 2008 fiscal year. The stock tumbled 21.7% to closed at $22.17.
The outlook came as the company reported sales for the fiscal 2007 fourth quarter of $1.7 billion, an increase of 1.5% from a year ago. Winn-Dixie had net income for the quarter of $20.6 million, or 38 cents a share, compared with a loss of $17.2 million and 12 cents a share in the fourth quarter last year.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV