were among the
losers Friday, tumbling 10% after the finance company delayed the release of its fourth-quarter results because of tax issues.
"During the course of reviewing its year-end financial results and in discussion with the company's independent auditors the company has decided to obtain legal opinions to further support certain tax positions of the company," the company said. "The company has consulted with its outside tax counsel and believes it will receive these legal opinions sometime in the next 2 to 4 weeks." NovaStar said it does not anticipate a delay in filing its annual report with the
Securities and Exchange Commission
. Shares were trading down $3.10 to $28.21.
fell 6% after the coal producer's fourth-quarter results and 2006 guidance came in below expectations. The company reported a loss of $1 million, or 2 cents a share, on coal sales of $619.8 million. Excluding special items, the company earned $17.9 million, or 25 cents a share. Analysts polled by Thomson First Call expected earnings of 29 cents a share and sales of $662 million. During the year-earlier period, the company had earnings, before items, of $23 million, or 34 cents a share, on coal sales of $553.1 million.
Looking ahead, Arch Coal sees 2006 earnings of $3.50 to $4.25 a share, below analysts' estimates of $4.42 a share. Shares were down $4.80 to $74.
rose 4% after the waste services company posted better-than-expected results. The company earned $51.9 million, or 15 cents a share, on sales of $1.47 billion. Analysts expected earnings of 8 cents a share on sales of $1.4 billion. During the year-ago period, the company earned $12 million, or 4 cents a share, on sales of $1.39 billion.
Looking ahead, Allied Waste sees 2006 sales growth of 4% to 5%, which would imply sales of $5.96 billion to $6.02 billion. Analysts project sales of $5.88 billion. Shares recently changed hands at $10.28, up 38 cents.
fell 3% after the film studio posted third-quarter earnings that were well below forecasts and lowered its 2006 earnings and free cash flow projections. The company posted third-quarter earnings of $3.1 million, or 3 cents a share, on sales of $231 million. Analysts expected earnings of 16 cents a share on sales of $227 million. During the year-earlier period, the company earned $3.4 million, or 3 cents a share, on sales of $190.4 million.
For 2006, Lionsgate now sees earnings of $4 million, below its previous guidance of $15 million. Free cash flow is now seen coming in at $85 million, down from an earlier view of more than $100 million. The company continues to expect sales of more than $850 million. Analysts project earnings of 16 cents a share and sales of $870.5 million. Lionsgate blamed the lowered forecast on several issues, including continued softness of family home entertainment sales. Shares were trading down 28 cents to $8.54.
fell 9% after the chemical maker posted weaker-than-expected fourth-quarter earnings. The company reported a loss from continuing operations of $91.3 million, or 38 cents a share, on sales of $876.1 million. On a pro forma basis, which excludes one-time items, the company earned $8.6 million, or 4 cents a share. Analysts expected earnings of 9 cents a share and sales of $931.9 million. During the year-earlier period, the company posted pro forma earnings of $3.9 million, or 2 cents a share, on sales of $985.1 million.
Chemtura expects pro forma earnings in the first quarter will double from the fourth quarter. Analysts project earnings of 22 cents a share. The company's shares were down $1.07 to $10.57.
NYSE volume leaders included
, down 79 cents to $25.55;
, down 1 cent to $2.74;
, down $1.78 to $51.20;
, down 2 cents to $32.90;
, down 44 cents to $29.97; and
, down 47 cents to $59.42.
volume leaders included
, up 25 cents to $19.80;
, up 5 cents to $12.74;
, down 5 cents to $20.95;
Sirius Satellite Radio
, unchanged at $5.80;
, up 9 cents to $26.75;
, down 36 cents to $2.78;
, up $1.19 to $10.29; and
, down 3 cents to $4.34.