Stocks in Motion: NetBank

Shares fall as it warns about pricing pressure in its mortgage arm.
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Updated from 11:38 a.m. EDT

Shares of

World Airways

(WLDA)

were among the

Nasdaq's

winners Friday after the company signed a contract with Lufthansa Cargo Charter, a subsidiary of Lufthansa Cargo.

World Airways will provide international cargo service between Germany and China. The service will begin in October and run through December 2005. The contract is valued at about $23 million. World Airways has provided service to Lufthansa for years, but this marks the first long-term contract between the two companies. Shares of World Airways traded up 32 cents, or 8.1%, to $4.25.

NetBank

(NTBK)

fell after it warned that third-quarter earnings would miss estimates, citing pricing pressure in its mortgage unit. Analysts polled by Thomson First Call were expecting earnings of 18 cents a share. Shares of NetBank traded down 86 cents, or 7.7%, to $10.28.

Shares of

Ford Motor

(F) - Get Report

rose after the company raised its third-quarter and full-year earnings estimates. The automaker now expects to post a profit of 10 cents to 15 cents a share, up from its previous guidance of break-even to a profit of 5 cents a share. Analysts had been expecting earnings of 10 cents a share. The company cited improved lending results. Shares of Ford traded up 27 cents, or 1.9%, to $14.22.

Hillenbrand Industries

(HB)

fell after it cut its full-year earnings forecast. The funeral services company now expects 2004 earnings of $2.95 to $3 a share from continuing operations, which includes charges of 13 cents a share. Previously, the company forecast earnings of $3.19 to $3.24 a share, which included a charge of 6 cents a share. Hillenbrand said that higher raw material costs and lower volume at its Batesville Casket company contributed to the earnings revision. Shares traded down $4.30, or 7.6%, to $52.14.

Shares of

Sealed Air

(SEE) - Get Report

fell after the company cut its full-year 2004 earnings outlook. The food packaging supplies company now expects earnings of $2.60 to $2.70 a share, down from its previous guidance of $2.80 to $2.90 a share. Analysts were expecting earnings of $2.82 a share. The company said that its financial performance is being affected by lower sales to the U.S. beef market and higher raw material costs. Shares of Sealed Air traded down $4.82, or 9.6%, to $45.49.

NYSE

volume leaders included

Nortel Networks

(NT)

, down 9 cents to $3.41;

General Electric

(GE) - Get Report

, up 69 cents to $34.22;

Lucent

(LU)

, down 1 cent to $3.27;

Pfizer

(PFE) - Get Report

, down 6 cents to $31.72; and

Texas Instruments

(TXN) - Get Report

, up 49 cents to $22.08.

Nasdaq volume leaders included

Intel

(INTC) - Get Report

, up 48 cents to $20.59;

Microsoft

(MSFT) - Get Report

, up 25 cents to $27.51;

Cisco

(CSCO) - Get Report

, down 43 cents to $19.16;

Oracle

(ORCL) - Get Report

, up 28 cents to $11.51; and

Qualcomm

(QCOM) - Get Report

, down $1.57 to $38.83.