( HMX) were among the
losers Friday, plunging 17% after the apparel maker posted weaker-than-expected third-quarter earnings and projected fourth-quarter results below Wall Street's targets.
For the quarter ended Aug. 31, the company earned $490,000, or a penny a share, on revenue of $137.7 million. Analysts polled by Thomson First Call expected earnings of 15 cents a share on revenue of $160 million. During the year-earlier quarter, Harmarx earned $6.6 million, or 18 cents a share, on revenue of $152.1 million. The company said results were hurt by department store consolidations.
Hartmarx sees fourth-quarter earnings of 8 cents to 10 cents a share, well below analysts' average estimate of 20 cents. The company anticipates revenue of about $156.5 million, compared with Wall Street's expectation of $163.5 million. Hartmarx shares were trading down $1.20 to $6.50.
fell 9% after the steel products company lowered its third-quarter earnings projection and laid out plans to cut 700 jobs. The company now predicts third-quarter earnings of 50 cents to 55 cents a share, down from an earlier view of 70 cents to 75 cents a share. Analysts project earnings of 75 cents a share. Timken said it is cutting the 700 jobs to offset weaker demand from the auto industry.
For the full year, Timken cut its profit projection to $2.60 to $2.75 a share from an earlier prediction of $3 to $3.15 a share. Analysts forecast earnings of $3.11 a share. Shares were trading at $29.80, down $3.01.
jumped 10% after the electronic-transaction processor topped Wall Street's earnings targets and raised its guidance for the year. For the first quarter ended Aug. 31, the company posted net income of $41.5 million, or 51 cents a share, up from $30.7 million, or 38 cents a share, a year earlier. Excluding stock option costs and prior-year restructuring charges, earnings were 54 cents a share, above analysts' forecast of 43 cents. Revenue rose to $260.3 million from $224.5 million a year earlier. Wall Street expected a top line of $257.9 million.
Global Payments now sees fiscal 2007 earnings of $1.79 to $1.85 a share, excluding options costs. Previously, the company forecast earnings of $1.69 to $1.77 a share on this basis. The company also raised the bottom end of its revenue projection, and now sees full-year revenue of $1.06 billion to $1.08 billion. Shares jumped up $4.17 to $43.11.
soared 16% after the maker of industrial products posted big gains in second-quarter earnings and revenue. For the period ended Aug. 31, the company earned $5.3 million, or 90 cents a share, up from $1.4 million, or 24 cents a share, a year earlier. Revenue jumped to $62.9 million from $47.8 million. "New orders were strong and balanced across our power generation, transmission and distribution, and industrial products," the company said.
AZZ raised its full-year earnings forecast to $2.65 to $2.75 a share from an earlier range of $1.85 to $1.95 a share. The company now sees revenue of $240 million to $250 million, up from its earlier forecast of $205 million to $215 million. Shares were trading up $5.19 to $37.14.
rose modestly after the maker of aviation electronics equipment boosted its fiscal 2007 earnings guidance to reflect an accelerated share buyback. The company now sees earnings of $3.10 to $3.20 a share, up from an earlier view of $3.05 to $3.15 a share.
Rockwell Collins repurchased some 4.7 million shares of stock on Thursday from Bank of America at an initial cost of $257 million. The repurchase represents about 2.7% of the company's outstanding shares. The shares recently were trading up 24 cents to $54.87.
fell slightly after the trucking company gave a third-quarter profit warning. Swift estimates earnings of 38 cents to 42 cents a share, which the company said was below its original expectation. Analyst forecast earnings of 46 cents a share.
"The company's operational results for the quarter have been negatively impacted by continued softness in the truckload freight environment as the typical seasonal increase in volume associated with peak season has been slow to develop this quarter," Swift said. Shares were trading down 5 cents to $23.15.
( BARE) jumped nearly 30% on their first day of trading. The makeup company's initial public offering of 16 million shares priced at $22 a share, well above the projected range of $15 to $17. The shares recently were trading at $28.50.
Another newly public company,
, rose 7%. The Internet photo company's offering priced at $15 a share, at the high end of the projected $13 to $14 range. Shares advanced $1.06 to $16.06.
NYSE volume leaders included
, down 7 cents to $8.09;
( NT), down 2 cents to $2.31;
, up 1 cent to $32.38;
, down 53 cents to $33.36;
, down 18 cents to $35.30;
, up 8 cents to $28.38;
, up 87 cents to $36.84; and
, down 63 cents to $66.83.
volume leaders included
, down 1 cent to $20.76;
Research in Motion
( RIMM), up $17.10 to $103.16;
, up 1 cent to $4.99;
, down 5 cents to $2.20;
Level 3 Communications
, up 10 cents to $5.27;
, down 23 cents to $23.25;
, down 8 cents to $27.32; and
, down 12 cents to $17.87.