Updated from 11:20 a.m. EDT
Schnitzer Steel Industries
was among the
winners Monday, climbing 17.3% after the metals recycling company posted better-than-expected third-quarter results.
The company earned $43.8 million, or $1.47 a share, on revenue of $709.4 million. Analysts polled by Thomson Financial expected earnings of $1.07 a share on revenue of $632 million. During the year-earlier quarter, the company earned $30.2 million, or 98 cents a share, on revenue of $505.6 million. Shares closed up $9.04 to $61.36.
fell 11.7% after the retailer warned of a wider-than-expected second-quarter loss. The company sees a loss of 94 cents to 98 cents a share, including $2 million in pretax expenses related to an investigation of the company's stock-option practices. Analysts project a loss of 59 cents a share. The company's guidance is based on its June same-store sales, which showed a decline of 4%.
"In the month of June, sales came in below our expectations at both brands,'' Children's Place said. "As a result, we took significantly more markdowns which are negatively impacting our gross margin. We believe our assortments at both brands were not as focused and compelling as last year, which has been compounded by continuing mall traffic declines." Meanwhile, the company says that it remains "cautiously optimistic" about its second half. Shares closed down $6.12 to $46.42.
fell 12.2% after the independent oil and gas company announced the immediate resignation of its chief executive. Rosetta did not offer a reason for Bill Berilgen's departure. In the meantime, Charles Chambers will serve as acting CEO while Rosetta searches for a permanent CEO. Shares closed down $2.66 to $19.25.
slipped 4.4% after Morgan Stanley cut the stock to underweight from equalweight. The firm also slapped a $27 price tag on shares of the restaurant company. Shares closed down $1.31 to $28.70.
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rose 6% after the discount retailer posted solid same-store sales during the first quarter. The company posted a gain of 5.2%.
"Overall, both the same-store-sales average transaction size and the number of transactions increased. This was our strongest comp sales quarter since June of 2003," the company said. Total sales, meanwhile, came in at $293 million, up 11.1% from a year ago. Analysts expected sales of $289 million. Shares closed up 80 cents to $14.22.