were among the
losers Friday, plunging 23% after the watchmaker slashed its fourth-quarter projections and warned that first-quarter earnings would be well below expectations.
The company now sees earnings of 28 cents to 31 cents a share for the fourth quarter, with sales of $324 million. Previously, the company predicted it would earn 48 cents a share on sales of $343 million. Analysts polled by Thomson First Call projected earnings of 49 cents a share and sales of $344.2 million. The company blamed the earnings shortfall on lower-than-expected watch sales and profit margins.
For the first quarter, Fossil sees earnings of 12 cents a share. Analysts project earnings of 25 cents a share. Shares were trading down $5.44 to $17.75.
fell 9% after the chemicals company posted lower-than-expected fourth-quarter results. The company earned $18.7 million, or 55 cents a share, on sales of $518.9 million. Analysts expected earnings of 59 cents a share on sales of $619.6 million. During the year-ago quarter, the company earned $24.1 million, or 71 cents a share, on sales of $590.9 million. The company's latest results were hurt by operational disruptions caused by Hurricane Rita, reducing earnings by about 22 cents a share, and by higher energy and raw materials expenses. Shares were trading down $2.81 to $29.45.
slumped 12% after the online retailer posted weaker-than-expected fourth-quarter sales. The company earned $199 million, or 47 cents a share. Results included a one-time tax benefit of $38 million. Excluding items, the company earned 26 cents a share, above analysts' projection of 21 cents. The company's sales of $2.98 billion, however, missed Wall Street's target of $3.08 billion. During the year-ago period, the company earned $347 million, or 82 cents a share, on sales of $2.54 billion.
Looking ahead, Amazon sees first-quarter sales of $2.14 billion to $2.29 billion, in line with analysts' expectations of $2.26 billion. Shares were trading down $5.28 to $37.46.
rose 8% after the travel and recreation services company said it swung to a fourth-quarter profit and lifted its full-year 2006 earnings forecast. The company earned $3.7 million, or 17 cents a share, on sales of $158.6 million. Results included favorable tax settlements of $2.7 million, or 12 cents a share. During the year-earlier period, the company recorded a loss of $4.5 million, or 21 cents a share.
Viad now sees 2006 earnings of $1.49 to $1.60 a share, up from its previous guidance of $1.45 to $1.56 a share. Sales are projected to rise by mid-single digits from the $826.3 million in sales that Viad logged in 2005. For the first quarter of 2006, Viad sees earnings of 35 cents to 43 cents a share, including 2 cents a share related to stock-based compensation costs. Sales are projected to fall by high-single digits to low-teens from first-quarter sales of $249.5 million a year ago. Shares were up $2.30 to $31.50.
American Power Conversion
( APCC) tumbled 12% after the maker of power protection systems posted weaker-than-expected fourth-quarter earnings. The company earned $17.5 million, or 9 cents a share, on sales of $578.6 million. Excluding a tax expense related to the repatriation of foreign earnings, the company would have earned $37.3 million, or 19 cents a share. Analysts expected earnings of 26 cents a share and sales of $564.4 million. During the year-earlier period, the company earned $52.8 million, or 27 cents a share, on sales of $510.8 million. Shares were trading down $2.77 to $20.55.
traded actively after the company posted better-than-anticipated third-quarter results and offered a weaker-than-expected fourth-quarter outlook. The video game software company earned $47.6 million, or 72 cents a share, on sales of $357.8 million. Analysts expected earnings of 65 cents a share and sales of $319.4 million. During the year-earlier period, the company earned $62.9 million, or $1.05 a share, on sales of $400.3 million.
Looking ahead, THQ sees fourth-quarter earnings of 2 cents a share on sales of about $135 million. Analysts project earnings of 11 cents a share on sales of $148.9 million. For all of fiscal 2006, the company sees earnings of about 67 cents a share, even with Wall Street's forecast. The company expects fiscal-year sales of $790 million, compared with analysts' projection of $767.7 million. For fiscal 2007, the company sees earnings of 90 cents to $1 a share, excluding stock-based compensation costs, and sales of $900 million to $950 million. Analysts project earnings of $1.02 a share and sales of $982.4 million. Shares were recently trading up 31 cents to $26.51.
volume leaders included
( LU), up 4 cents to $2.70;
, up 22 cents to $18.46;
( MOT), down 41 cents to $21.41;
, down 15 cents to $25.01;
, up 26 cents to $25.06;
, down 34 cents to $25.44; and
( GTW), down 41 cents to $2.37.
Nasdaq volume leaders included
Sirius Satellite Radio
, down 17 cents to $5.37;
, down 7 cents to $21.03;
, down 11 cents to $27.57;
, down 13 cents to $2.93;
, down 19 cents to $18.18;
, down 16 cents to $12.23; and
, down 11 cents to $4.42.