Physicians Formula Shares Tank on Loss
Physicians Formula (FACE) swung to a loss in the first quarter, nearly halving shares in morning trading -- and there could be more bad news on the horizon as one of its biggest retailer plans to discontinue products.
Shares massively tanked by 47% to $1.88 in morning trading, as the company recorded a loss of $1.7 million or 13 cents a share, from a profit of $5 million, or 36 cents, in the year-ago period.
Sales fell 53% to $20.2 million from $42.7 million last year, hurt by tighter inventory controls and consumers paring down spending.
In April, one of the company's largest retailers -- which accounted for 16% of gross sales for the year ended Dec. 31, 2008 -- said it would discontinue selling products in 2010. The discontinuation will begin negatively impacting sales in the second quarter of 2009, as the retailer has already begun reducing its inventory levels of products.
Rivals Estee Lauder (EL), Revlon (REV) and Bare Escentuals (BARE) all beat expectations, while Avon Products actually missed targets.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
