The Russell 2000 and the S&P 600 lost ground Monday. The Russell 2000 is trading at 702.10, down 1.16%, and the S&P 600 Small Cap at 366.01, down 1.08%.
gained 9.81% to $7.61 after the company reported second-quarter results. PTC recorded revenues of $57.2 million compared with $49.9 million a year ago. This is a 15% increase over the previous year. EPS also came in above expectations at 5 cents compared with last year's loss of 7 cents. PTC's core business is a provider of technology solutions, including hardware, software and professional\traditional services to businesses in the global hospitality and specialty retail industries based in New Hartford, N.Y.
Banco Lantinoamerico de Exportaciones
gained 5.17% to $16.87 after the company announced results for its second-quarter operations. Net income increased 37% to $26.3 million and operating revenue increased 28% to $36.4 million compared with the first quarter of 2008. BLX is a Panama City, Panama-based company that offers various financial products and services for commercial banks, state owned entities and private corporations in Latin America and the Caribbean.
Mine Safety Appliances
lost 19.12% to $32.64 as the company missed Wall Streets second-quarter earnings expectations. Net income increased to $20 million, 55 cents a share, from $17.3 million and revenue rose to $293.2 million, or an 18% gain. Analysts expected earnings of 60 cents per share on revenue of 276.1 million. MSA is a Pittsburgh, Pa.- based company that is engaged in the development, manufacture and supply of products that protect people's health and safety.
declined 5% to $6.10 on Monday after the company reported a second-quarter loss resulting from a decline in advertising revenue. AHC reported a loss of $3.2 million, or 16 cents a share, compared with $12.3 million a year earlier. Thomson Reuters estimates were 35 cents a share on $178 million in revenue. The company now plans to reduce its workforce by 14% and costs by $50 million. AHC is a Dallas, Texas-based company that engages in the newspaper publishing business.
CH Energy Group
were down 4.5% to $36.16 as the company posted a 68% drop in second-quarter profits. In addition, CHG cuts its full year earnings outlook as higher energy costs and the weakening economy have impacted revenue. CHG is the holding company of Central Hudson Gas & Electric and Central Hudson Enterprises (CHEC) based in Poughkeepsie, N.Y.
This article was written by a staff member of TheStreet.com.