rose after the company said it will supply about $23 million of welded steel pipe for the Tarrant Regional Water District's Eagle Mountain Connection Project. The district serves customers in north-central Texas.
The company said it received a verbal agreement from Garney Construction of Kansas City, Mo., to supply about 48,300 feet of 84-inch diameter steel pipe. Deliveries are scheduled to begin in the fourth quarter. Shares of Northwest gained $2.77, or 11.2%, to $27.55.
got some good news when the satellite-equipment maker learned that it will receive a $5.3 million order for modems and power amplifiers from a major military integrator.
The company said it could receive an additional $60 million to $80 million in the next three to five years through the same program. In addition, Radyne was added to the Russell 3000 index. Shares of Radyne gained 36 cents, or 3.2%, to $11.54.
plummeted after the auto dealer missed Wall Street's fourth-quarter earnings expectations. The company earned $4.6 million, or 38 cents a share, compared with $4.3 million, or 36 cents share, a year ago. Revenue increased 13% to $62.5 million. Analysts were looking for a profit of 45 cents a share on revenue of $62.5 million.
Same-store sales advanced 8.3% in the fourth quarter, compared with 12.6% a year ago. Looking ahead, the company said it expects revenue to grow from 10% to 14% in fiscal 2007, reflecting the planned addition of 12 new stores and revenue growth at existing stores. America's Car-Mart projected earnings of $1.56 to $1.63 a share, a 12% to 17% increase, for the year ending April 30, 2007. The stock dropped $2.17, or 10.9%, to $17.83.
slid after the apparel retailer said its June comp sales decreased 4.9%, and the company cut its forecast.
At this point, Deb Shops expects fiscal 2007 sales to be in the range of $325 million to $330 million, compared with its prior guidance of $343 million to $348 million. Earnings for the year should be $1.40 to $1.50 a share, down from a previous target of $1.85 to $1.90.
For the remainder of the fiscal year, the company expects to open seven to nine new stores. "We are focused on reviewing our merchandising strategy and are committed to making the adjustments necessary to improve our sales trends," the company said. Shares fell $3.03, or 12%, to $21.80.
Aladdin Knowledge Systems
was dropping following the company's forecast that second-quarter revenue will be $20.8 million to $21 million, below its prior view of $21.7 million to $23.7 million. Earnings before items will be at the lower end of the previously stated range of 26 cents to 29 cents, excluding the effect of stock-based compensation expenses of 3 cents to 4 cents.
Shares of Aladdin fell $3.58, or 17.6%, to $16.77.