Updated from 11:19 a.m. EST
were among the
winners Friday, rising 9.5% after the company said it hired a new chief executive.
The food retailer said that Peter L. Lynch would replace Frank Lazaran, effective immediately. "The board concluded that making this change was a necessary step toward achieving our objectives," the company said. Lynch most recently served as president and COO of
, one of the largest grocery store chains in the U.S. Shares traded up 38 cents to $4.39.
fell 3.7% after the casino-supply company posted fourth-quarter earnings and sales that beat expectations, but warned that first-quarter results would fall below estimates. The company earned $6.5 million, or 27 cents a share, up from $5 million, or 19 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of 26 cents a share. Sales rose to $25.9 million, up from $17.6 million a year ago. Analysts were looking for $22.7 million. Looking ahead, Shuffle Master forecast first-quarter earnings of 21 cents to 23 cents a share, below analysts' expectations of 25 cents a share. Shares traded down $1.63 to $42.64.
( DPH) fell 3.9% after the company lowered financial guidance for several reporting periods and announced a restructuring plan. The auto-parts company now expects fourth-quarter sales of $6.9 billion to $7 billion, about $200 million below previous guidance. It also forecast a pro forma loss of $70 million to $90 million.
Analysts had been expecting sales of $7.06 billion and earnings of 7 cents a share. During 2005, Delphi forecast a pro forma loss of $200 million on sales of $28.5 billion to $29 billion. Analysts had been expecting earnings of 59 cents a share on sales of $29.03 billion. Low production volumes and commodity price pressures led to the revised financial guidance. As part of the company's restructuring plan, Delphi said that it would cut 8,500 jobs during 2005. Shares traded down 34 cents to $8.30.
Quantum Fuel Systems
fell 5.4% after the company posted second-quarter results that fell below expectations. The maker of packaged fuel systems posted a loss of 10 cents a share on sales of about $5 million vs. a loss of 9 cents a share on sales of $6.7 million a year ago. Analysts were expecting a loss of 6 cents a share on sales of $8.6 million. The company said the sales decline was due to lower product sales in its fuel cell systems segment. Shares traded down 31 cents to $5.42.
Roanoke Electric Steel
rose 8.6% after the steelmaker posted a big jump in fourth-quarter earnings and sales. The company earned $15.9 million, or $1.44 a share, on sales of $143.7 million. A year earlier, Roanoke earned $700,735, or 6 cents a share, on sales of $91.6 million. Increased shipments and margins for mill products led to the solid results. Shares traded up $1.54 to $19.48.
NYSE volume leaders included
( LU), down 4 cents to $3.80;
( FON), down 14 cents to $24.14;
( MOT), down $1.39 to $16.33;
, up 67 cents to $36.69; and
, down 28 cents to $27.09.
volume leaders included
Sirius Satellite Radio
, up 42 cents to $7.59;
, down 20 cents to $22.56;
, down 15 cents to $27.08;
( NXTL), down 5 cents to $29.76; and
, down 3 cents to $2.85.