Updated from 1:06 p.m. EDT
were among the
losers Friday after the company announced the resignation of its chief executive and trimmed its profit forecast for the year.
William Shea announced his resignation less than two years after accepting the role of CEO. General counsel William Kirsch will replace Shea. The insurer also said that its director and nonexecutive chairman R. Glenn Hilliard has been elected executive chairman.
Conseco also trimmed its full-year profit outlook. It now expects income of $200 million to $210 million, vs. its previous guidance of $210 million to $220 million, which it issued less than two weeks ago. Shares of Conseco traded down $1.41, or 8.2%, to $15.74.
rose after it agreed to be acquired by
for about $82.6 million, or $27 a share, in cash or stock. Shares of PHSB Financial traded up $4.21, or 18.9%, to $26.52.
Red Robin Gourmet Burgers
rose after the company posted second-quarter financial results that were better than expected and said third-quarter earnings would be above expectations. The restaurant operator posted a second-quarter profit of 36 cents a share on sales of $93.8 million.
Analysts polled by Thomson First Call had expected earnings of 34 cents a share on sales of $93.2 million. Looking ahead, the company forecast third-quarter earnings of 32 cents to 33 cents a share on sales of $94 million to $96 million. Analysts were expecting earnings of 31 cents a share on sales of $95.4 million. Shares of Red Robin traded up $2.78, or 9%, to $33.71.
NCI Building Systems
rose after it raised its third-quarter earnings guidance. Excluding debt-refinancing costs, the metal products manufacturer now expects to post a third-quarter profit of 68 cents a share. Previously, it forecast earnings of 42 cents to 46 cents a share. Strong performance in its components and coatings businesses led to the improved outlook. Shares of NCI Building Systems traded up $3.98, or 14.5%, to $31.35.
fell after the company posted weaker-than-expected second-quarter financial results. Excluding several one-time items, the transportation company posted a second-quarter operating loss of 12 cents a share on sales of $157.4 million. Analysts had expected it to earn 25 cents a share on sales of $162.5 million. Shares of Quality Distribution traded down $4.99, or 46.8%, to $5.67.
NYSE volume leaders included
( LU), up 4 cents to $2.74;
, down 45 cents to $16.50;
, down 22 cents to $9.55;
, down 11 cents to $9.37; and
( DNA), down $2.88 to $44.23.
volume leaders included
, up 6 cents to $21.30;
, up 7 cents to $17.86;
, up 35 cents to $10.25;
, up 14 cents to $27.02; and
, up $1.39 to $34.51.