Updated from 1:55 p.m. EST with new stock prices
Small-cap stocks, along with the broader market, broke out the shovels and dug a hole Thursday. The Russell 2000 lost 1.5% to 705.73, and the S&P SmallCap 600 fell 1.3% at 374.52.
R.H. Donnelly (RHD Quote), which publishes Yellow Pages phone books in print and online, helped break ground, losing 47.5% to $9.34 on poor fourth-quarter results and a lowered 2008 outlook. For the fourth quarter, the Cary, N.C., company lost $12.1 million, or 17 cents a share, compared with a loss of $50.8 million, or 72 cents a share, a year ago. Analysts surveyed by Thomson Financial were looking for a profit of 9 cents a share. For full-year 2008, R.H. Donnelly forecast revenue between $2.6 billion and $2.7 billion. The Street is looking for revenue on the high end of that estimate.
Beijing's Origin Agritech (SEED Quote) also went spelunking, down 30.8% to $6.64. The developer of crop seeds swung to a fourth-quarter loss of $21.8 million, vs. a profit of $7.3 million a year ago. Sales were $65.2 million, down from $66 million year over year. For 2008, the company noted its high inventory and excessive seed supply, forecasting a full-year profit between $500,000 and $2 million. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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