Updated from 12:09 p.m. EST
Helen of Troy
were among the
losers Tuesday, falling 13.3% after the company warned that fourth-quarter results would fall below its previous guidance and below analysts' expectations.
The company, which makes household consumer products, now expects to earn 35 cents to 45 cents a share, below previous guidance of 58 cents to 63 cents a share, on sales of $120 million, which is below previous guidance of $136 million to $146 million. Analysts polled by Thomson First Call had been expecting earnings of 63 cents a share on sales of $141.7 million. Helen of Troy said that weak holiday sales at some of the retailers it does business with affected fourth-quarter quarter sales. Shares traded down $4.17 to $27.15.
rose 15% after the metalworking company swung to a fourth-quarter profit. The company earned $2.3 million, or 41 cents a share, on sales of $20 million. A year ago, it posted a loss of $100,000, or 2 cents a share, on sales of $8.8 million. The company's most recent earnings were positively affected by a $500,000 reduction in income tax expense that related to the recognition of research and development and foreign tax credits. Shares traded up $2.10 to $16.07.
Engineered Support Systems
fell 10.2% after the company posted in-line first-quarter earnings and stronger-than-expected sales but warned that 2005 results would fall below expectations. The defense contractor earned $20.6 million, or 73 cents a share, on sales of $233.5 million. Analysts were expecting earnings of 73 cents a share on sales of $217.5 million. Looking ahead, the company forecast 2005 earnings of $3.13 to $3.18 a share on sales of $990 million to $1 billion. Analysts had been expecting earnings of $3.23 a share on sales of $1.03 billion. Shares traded down $6.14 to $54.34.
fell 10.7% after the company posted in-line fourth-quarter earnings but warned that first-quarter earnings would fall below expectations. The watchmaker earned $37.6 million, or 50 cents a share, on sales of $318.4 million. Analysts were expecting earnings of 50 cents a share on sales of $312.1 million. Looking ahead, Fossil forecast first-quarter earnings of 24 cents a share, which excludes a 2-cent benefit from a reduction in the company's tax rate. Analysts had been expecting earnings of 28 cents a share. Shares traded down $3.07 to $25.61.
filed for bankruptcy protection on Tuesday, less than two weeks after the company posted a big second-quarter loss. The bankruptcy covers Winn-Dixie and 23 of its subsidiaries. The company has secured an $800 million debtor-in-possession financing package, which will allow the company to continue operating its 920 Winn-Dixie stores. Winn-Dixie said it would use the bankruptcy process to institute significant cost reductions and improve merchandising and customer service.
The company's most recent quarterly report filed with the
Securities and Exchange Commission
showed that Winn-Dixie had total assets of $2.2 billion and total liabilities of $1.9 billion. Shares of Winn-Dixie had lost almost half of their value in premarket trading on Tuesday before being halted. On Friday, the stock closed down 8 cents to $1.47.
volume leaders included
, down 21 cents to $26.59;
( LU), down 5 cents to $3.19;
, down $1.40 to $31.21;
( NT), down 11 cents to $2.90; and
, down $1.16 to $58.25.
Nasdaq volume leaders included
, down 25 cents to $25.23;
Sirius Satellite Radio
, down 31 cents to $5.56;
, down 26 cents to $23.76;
, up 1 cent to $17.31;
, down 28 cents to $12.66;
, up 6 cents to $17.46; and
, down 9 cents to $4.07.