Skip to main content

Shares of

Coca-Cola Enterprises


were among the


losers Thursday, falling 9% after the Coke bottler warned that third-quarter earnings would fall below Wall Street forecasts.

The company said that European volume has been weaker than expected, as weak category demand and unseasonable weather affected consumer demand. As a result, the company expects earnings to be below the 51 cents a share that analysts polled by Thomson First Call had been expecting. For the full year, Coca-Cola Enterprises expects to post earnings in the low- to mid-$1.30 range. Analysts are expecting earnings of $1.37 a share. Shares were recently trading down $1.93 to $20.17.

CBRL Group


fell 2% after the operator of Cracker Barrel restaurants reported mixed fourth-quarter results and forecast first-quarter earnings below expectations. The company earned $37.6 million, or 74 cents a share, on sales of $659.7 million. Analysts were expecting earnings of 74 cents a share on sales of $664.8 million. A year ago, the company earned $29.6 million, or 56 cents a share, on sales of $607.5 million.

Looking ahead, CBRL Group forecast first-quarter earnings of 53 cents to 57 cents a share, which includes 3 cents to 4 cents a share in stock options expense. CBRL expects year-over-year sales growth of 4% to 6%. Analysts had been expecting earnings of 65 cents a share on sales of $657.4 million, or sales growth of about 7%. Shares were trading down 64 cents to $36.15.

Shares of

Fleetwood Enterprises

( FLE) rose 8% after the company posted first-quarter results that were better than expected. The recreational vehicle manufacturer reported a loss from continuing operations of $17.4 million, or 31 cents a share, on sales of $616.5 million. The company's results included a noncash charge of $10.5 million, which was related to a deferred tax asset. Analysts were expecting a loss of 32 cents a share on sales of $614.5 million. A year ago, the company earned $12.5 million, or 21 cents a share, on sales of $659.4 million.

Looking ahead, Fleetwood said that it expects a modest improvement in sequential operating results and significantly improved results from discontinued operations. "However, the outlook remains difficult to predict due to the potential effects of hurricane relief efforts and market uncertainties, particularly as they may affect the RV Group," the company said. Shares were trading up 79 cents to $11.30.

Technical Olympic USA

Scroll to Continue

TheStreet Recommends

( TOA) fell 5% after the homebuilder priced 4 million shares at $28 apiece. The company plans to sell about 2.9 million shares while Technical Olympic S.A., the company's majority shareholder, plans to sell the rest. The price represents a discount of 5% to Wednesday's closing price of $29.58. Technical Olympic USA plans to use the proceeds to repay outstanding debt under its revolving credit facility. Shares were trading down $1.55 to $28.03.

Shares of

The Pantry


rose 7% after the company said that Hurricane Katrina has had a minimal impact on its business. "While the hurricane and its aftermath have been heartbreaking in human terms, its direct financial impact on The Pantry in terms of uninsured property losses or store closing in the affected areas has been minimal," the company said. Indeed, the company said its merchandise business has continued to perform well. As a result, The Pantry remains comfortable with 2005 earnings guidance of $2.10 to $2.15 a share. Analysts are expecting earnings of $2.15 a share. Shares were trading up $2.34 to $36.26.

NYSE volume leaders included

Lucent Technologies

( LU), down 3 cents to $3.15;



, up 21 cents to $3.15;


( MOT), up 22 cents to $22.58;



, down 12 cents to $26.18; and



, up 82 cents to $20.85.


volume leaders included

Sirius Satellite Radio


, up 19 cents to $7.18;

Cisco Systems


, up 11 cents to $18.51;



, up 22 cents to $25.88;



, down 1 cent to $26.84;



, down $1.50 to $38.96; and

Apple Computer


, up $1.06 to $49.74.