Updated from 11:02 a.m. EDT
were among the
losers Wednesday, falling 30.9% after the company warned that second-quarter and full-year results would fall below Wall Street forecasts.
The consulting firm expects second-quarter earnings of 23 cents or 24 cents a share on sales of $134 million to $137 million. Analysts polled by Thomson First Call had been expecting earnings of 28 cents a share on sales of $147 million. For the full year, the company expects earnings of 94 cents to $1 a share on sales of $540 million to $560 million. Analysts had been expecting earnings of $1.09 a share on sales of $587 million.
"Demand in our core services and industry sectors remains strong. We are mindful, however, that some of the past year's market intensity has eased up," the company said. Shares traded down $7.38 to $16.50.
rose 3.4% after the recruiting services company posted fourth-quarter results that were better than expected. The company earned $11.7 million, or 27 cents a share, on sales of $131 million. Analysts were expecting earnings of 25 cents a share on sales of $126.8 million. A year ago, the company earned $8.7 million, or 21 cents a share, on sales of $103.7 million. Looking ahead, Korn/Ferry forecast first-quarter earnings of 24 cents to 28 cents a share on sales of $120 million to $127 million. Analysts are expecting earnings of 26 cents a share on sales of $132.1 million. Shares traded up 58 cents to $17.50.
rose 1.9% after the power company lifted its 2005 earnings guidance. The company now expects earnings from continuing operations of $1.05 to $1.15 a share, up from previous guidance of 95 cents to $1.05 a share. Teco said that positive first-quarter results, lower interest expense related to the redemption of all of the $380 million of Teco Energy 10.5% notes at the end of June, and improved performance expected at Teco Coal led to the upward revision. Analysts are expecting full-year earnings of $1.04 a share. Shares traded up 34 cents to $18.06.
rose 21.3% after the company said it won a contract to transport, treat and dispose of contaminated soils from a site in Jersey City, N.J. The contract, awarded by
, could generate sales of $175 million to $240 million over a four- to five-year period. American Ecology said a significant portion of the sales generated from the deal would include value-added transportation services. As a result, the company said that while sales dollars will increase, gross margin relative to sales would decrease. Disposal of the material is expected to begin during the second or third quarter of 2005. Shares traded up $2.69 to $15.32.
( SFLK) fell 14.3% after the company said it would sell $15 million worth of stock in a private placement. The software company said it would sell 8.8 million shares at $1.70 apiece. The price represents a significant discount to Tuesday's closing price of $2.10. Saflink said it would use proceeds from the sale to fund working capital needs. Shares traded down 30 cents to $1.80.
NYSE volume leaders included
, down 72 cents to $56.73;
( LU), up 1 cent to $2.80;
( MOT), down 4 cents to $18.09;
, down 31 cents to $27.65; and
, up 62 cents to $27.90.
volume leaders included
, unchanged at $19.41;
, down 11 cents to $25.40;
, up 24 cents to $27.10;
, up 1 cent to $3.62;
, up 8 cents to $12.67; and
Hudson City Bancorp
, up 12 cents to $11.08.