Wednesday's Winners & Losers: H.B. Fuller

Shares of H.B. Fuller(FUL Quote) were among the NYSE's losers Wednesday, slumping 12% after the company posted disappointing second-quarter results.

The company, a maker of adhesives, sealants and other specialty chemical products, posted earnings of $19.5 million, or 65 cents a share, for the period ended June 3. Excluding a one-time item associated with an acquisition, the company would have earned 68 cents a share. Analysts polled by Thomson First Call expected earnings of 69 cents a share. H.B. Fuller's revenue totaled $388.5 million, below analysts' target of $422.2 million. During the year-earlier period, the company earned $16.2 million, or 56 cents a share, on revenue of $387.9 million. The year-ago earnings included several one-time items that added 4 cents a share to the bottom line.

Looking ahead, H.B. Fuller continues to forecast 2006 earnings of $2.49 to $2.59 a share, including settlement-related charges of 6 cents a share. Without the charge, the company expects earnings of $2.55 to $2.65 a share. Analysts project earnings of $2.66 a share. Shares were trading down $5.68 to $42.20. ...