The small-cap sector was about on par with the worst-performing major index Monday, the
, amid sliding names like
Central Garden & Pet
Shares gave up 9.4% to $9.70 after the California-based company rescinded last week's profit guidance of between 7 cents and 9 cents a share for the fiscal fourth quarter. CEO Glenn Novotny cited continuing problems regarding weather and grain pricing, among others, which have hurt its garden and pet businesses.
The company has additionally postponed its public offering for 10 million shares -- also announced last week -- along with the planned concurrent private placement of 500,000 shares to chairman and founder William Brown.
plummeted some 33.6%, meanwhile, on disappointing fiscal 2007 results. The Van Nuys Calif., purveyor of semiconductor-testing and burn-in services made $3.3 million this year, or $1.02 a share, vs. $2.90 a share in 2006. Fourth-quarter income dipped a penny from last year to 21 cents a share. Shares were off $5.06 to $10.
Napco Security Systems
was also among Monday's small-cap losers after the Amityville, N.Y., company's fiscal fourth-quarter income more than halved from last year to $989,000, or a nickel a share. That widely misses analysts' 9-cent per-share consensus, as per Thomson Financial. Shares shed 62 cents, or 10%, to $5.53.
On the other hand,
flew higher after striking a deal to supply its RollingStream product to Bharti Airtel, an Indian telecommunications service provider. RollingStream allows for television and on-demand programming to be delivered over Internet-protocol networks. Terms were undisclosed. Shares bounced 15.6% to $3.11.
Also in the green was China-based telecom-equipment maker
Qiao Xing Universal Telephone
( XING), which spiked 9.5% on positive earnings from subsidiary
Qiao Xing Mobile Communication
Income for the quarter ended June 30 more than doubled from last year to some $26 million (198 million yuan), or 54 cents a share, excluding a one-off item. Qiao Xing Universal stock finished at $8.58; Qiao Xing Mobile was up 44 cents, or 5.6%, at $8.20.