Hayes Lemmerz (HAYZ Quote) jumped 31% after it forecast full-year sales of $2.2 billion to $2.3 billion and improved adjusted earnings before interest, taxes, depreciation and amortization compared with 2005. The maker of vehicle wheels also expects capital spending of $75 million to $85 million and said it would expand capacity at its aluminum wheel plants in the Czech Republic, Thailand and Turkey in the fourth quarter.
Sales for the fiscal third quarter ended Oct. 31 were $589.5 million, down 2.4% from a year earlier. The loss from operations for the quarter was $27.6 million, compared with earnings from operations of $16.8 million last year. Overall, Hayes lost $59.6 million in the third quarter, more than four times the loss last year. Hayes was up 77 cents to $3.26.
Fusion Telecommunications International (FSN Quote), an Internet telephony provider, was higher after it said it has launched Mobilink. Mobilink is a new service that allows subscribers to access the company's retail Efonica VoIP services from their mobile phones, without Internet access or special software. Fusion was gaining 25% to $1.39. ...
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