( WPSC) were among
losers Tuesday, tumbling 22% after the steel company reported a third-quarter loss and said it may not be able to satisfy certain debt requirements in the future.
Wheeling-Pittsburgh swung to a third-quarter loss $21.1 million, or $1.47 a share, compared with a year-earlier profit of $35.5 million, or $3.42 a share. The company's revenue fell to $374.9 million from $401.8 million a year earlier. The company said results were hurt by falling steel prices and higher raw material costs.
Wheeling-Pittsburgh also said it recently amended its term loan agreement, providing additional liquidity and financial covenant relief for the third and fourth quarters. But the company cautioned that it may not be able to satisfy certain financial covenants under the loan agreement in the future. Wheeling-Pittsburgh said it is pursuing remedies for the issue. The company's shares recently fell $2.77 to $9.80.
( SOLD) rose 5% after the real estate marketing services company posted third-quarter results that topped forecasts. The company earned $4.3 million, or 16 cents a share, on sales of $23.3 million. Analysts polled by Thomson First Call expected earnings of 13 cents a share and sales of $22.9 million. A year earlier, HouseValues earned $1.6 million, or 7 cents a share, on sales of $12.8 million.
HouseValues sees 2005 earnings of 49 cents to 51 cents a share, bracketing analysts' mean estimate of 50 cents. The company projects sales of $87 million to $88 million, compared with Wall Street's forecast of $86.2 million. Shares were trading up 66 cents to $15.04.
Premium Standard Farms
( PORK) dropped 12% after the provider of pork products posted second-quarter results that disappointed Wall Street. The company earned $12.2 million, or 39 cents a share, on sales of $213.2 million. Analysts expected earnings of 48 cents a share and sales of $232.3 million. The company's year-earlier earnings were $11.9 million, or 38 cents a share, on sales of $218.8 million. Premium Standard said sales in the recent period were hurt by lower live hog and pork prices. Shares were trading down $2.11 to $15.48.
rose 2% after the natural resources company posted fourth-quarter earnings and sales that topped forecasts. The company earned $44.9 million, or 95 cents a share, on sales of $315.1 million. Analysts expected earnings of 81 cents a share and sales of $307.4 million. Year-ago earnings were $19.5 million, or 51 cents a share, on sales of $198.6 million.
Headwaters sees fiscal 2006 earnings of $2.60 to $2.75 a share, in line with analysts' forecast of $2.66 a share. Shares were trading up 80 cents to $33.84.
fell 3% after the company posted lower-than-anticipated third-quarter earnings and forecast fourth-quarter sales below Wall Street's expectation. The company earned $12.1 million, or 11 cents a share, on total sales of $265.6 million. Pro forma sales, which exclude the company's acquisition of Obie Media, were $253.3 million. Analysts were looking for earnings of 15 cents a share and total sales of $262.3 million. The company earned $8.2 million, or 8 cents a share, on sales of $231.6 million, a year earlier.
Lamar sees fourth-quarter sales of $242 million, which excludes the Obie markets. With Obie, the company expects sales of $251 million. Analysts expect sales of $253.4 million.
Lamar also announced a $250 million stock buyback plan. The company said the buyback would not exceed 18 months. Shares were trading down $1.17 to $44.39.
Despite posting solid third-quarter results, shares of
were recently trading down about 12%. The metalworking company, which has seen its shares climb by more than 300% this year, earned $3.2 million, or 52 cents a share, on sales of $20.2 million. The results, which don't reflect the company's recent 2-for-1 stock split, included a tax benefit of $254,000, or 4 cents a share. "The third quarter was another very strong period for DMC as a whole and for our explosive metalworking group in particular," the company said. Year-ago earnings were $800,000, or 16 cents a share, on sales of $12.1 million. Last year's results included a loss of $300,000, or 5 cents a share, related to discontinued operations.
Dynamic Materials cautioned that following a recent corporate turnaround effort it may see more moderate earnings growth in future quarters. "With a full year of results from this new phase of our business now recorded, we expect that the sharp quarter-over-quarter increases we have been reporting will begin to moderate," said President and CEO Yvon Cariou in a statement. "In addition, given the very large contracts we are periodically awarded, we will likely experience fluctuations in our quarterly revenue and earnings performance." The company's shares recently dropped $3.37 to $23.68.
volume leaders included
( LU), down 5 cents to $2.75;
, down 8 cents to $16.96;
, down $5.01 to $34.40;
, up 10 cents to $22.18;
, up 3 cents to $46.46;
, down 1 cent to $17.60;
, down 72 cents to $40.78; and
, up 29 cents to $57.10.
Nasdaq volume leaders included
, down 12 cents to $3.77;
, down 15 cents to $26.86;
, up 22 cents to $17.34;
, down 19 cents $24.31;
, down 5 cents to $17.80;
, down $17.21 to $62.03;
, down 5 cents to $2.32;
Sirius Satellite Radio
, down 6 cents to $6.85; and
, down 84 cents to $59.39.