were among the
losers Friday, sliding 3% after the maker of car transmissions announced job cuts and lowered its 2006 earnings guidance.
The company said it will cut some 850 jobs, or 13% of its North American workforce, because of recent customer volume decreases and restructurings. Most of the job cuts will be completed by October, BorgWarner said. "We continue to adjust our North American operations to the realities of the region's drastic volume declines and customer restructurings, despite the fact that our growth in other parts of the world remains strong," the company said.
BorgWarner now sees 2006 earnings of $3.95 to $4.10 a share, down from an earlier view of $4.35 to $4.60 a share. Analysts polled by Thomson First Call project earnings of $4.42 a share. Shares recently were trading down $1.49 to $53. Fellow auto parts company
was down 55 cents, or 6%, to $8.50, while
, which warned Thursday, fell another 34 cents, or 1.8%, to $18.27.
rose 5% after the athletic-shoe maker posted better-than-expected first-quarter results. For the period ended Aug. 31, the company earned $377.2 million, or $1.47 a share, on sales of $4.19 billion. The results included stock-options expenses, which weren't included a year ago. Analysts expected earnings of $1.42 a share and sales of $4.16 billion. During the year-earlier period, Nike earned $432.3 million, or $1.61 a share, on sales of $3.86 billion. Shares were adding $3.94 to $86.40.
rose after the energy concerns lifted their 2006 earnings projections. Oneok now sees full-year earnings of $2.50 to $2.60 a share, up from an earlier forecast of $2.36 to $2.44 a share. Analysts, on average, expect earnings of $2.57 a share.
Oneok Partners, meanwhile, now sees earnings of $4.77 to $4.90 per unit, up from an earlier view of $4.43 to $4.69 per unit. Oneok owns 45.7% of Oneok Partners, a natural gas limited partnership. Shares of Oneok were up 21 cents to $37.11; Oneok Partners' units advanced $1.56, or 3%, to $55.16.
rose 1% after the oil services company boosted its stock-repurchase plan by $2 billion. In February, the company authorized a $1 billion stock-buyback plan. As of Friday, Halliburton had bought some $983 million in stock under the program. Shares were trading at $28.41, up 31 cents.
fell modestly after the athletic-wear retailer posted mixed second-quarter results. For the period ended Aug. 26, the company earned $9.9 million, or 21 cents a share, down from $18.9 million, or 38 cents a share, a year earlier. Revenue declined to $338.6 million from $341.6 million, while same-store sales fell 6.6%. The earnings beat analysts' expectation of 20 cents a share, revenue missed targets of $339.9 million.
"Our sales performance during the back-to-school selling season was below expectations and more promotional than the previous year, and we expect business to remain challenging during the second half of the fiscal year," Finish Line said. Shares were trading down 6 cents to $12.24.
NYSE volume leaders included
, down $1.59 to $14.77;
Advanced Micro Devices
, down 77 cents to $26.21;
, up 10 cents to $7.86;
, up 50 cents to $31.97;
( SBL), up 1 cent to $14.65;
, down 14 cents to $34.73; and
( MOT), down 42 cents to $24.71.
volume leaders included
, down 12 cents to $5.09;
, down 9 cents to $19.10;
, down 35 cents to $17.73;
, down 29 cents to $22.72;
, down 28 cents to $26.62
; Applied Materials
, down 13 cents to $16.81;
, up 3 cents to $2.18;
Level 3 Communications
, up 4 cents to $5.19; and
, down $1.49 to $73.16.