Today's Winners and Losers: NCR
Shares of
LSI Industries
(LYTS) - Get LSI Industries Inc. Report
were among the
Nasdaq's
losers Tuesday, slumping 21% after the graphics company warned that second-quarter earnings and sales would be below Wall Street forecasts.
The company expects to report earnings of 18 cents to 19 cents a share for the quarter ended Dec. 31, with sales of $73 million. Analysts polled by Thomson First Call project earnings of 28 cents a share and sales of about $81 million. In the year-earlier second quarter, the company earned 24 cents a share on sales of $74.3 million.
For fiscal 2006, LSI sees earnings of 64 cents to 70 cents a share, well below analysts' mean estimate of 94 cents. The company predicts fiscal-year sales of $265 million to $275 million, compared with Wall Street's target of $305.8 million.
"Our highly profitable graphics business, which achieved record profits in fiscal year 2005, is experiencing lower sales volume as a result of certain new customers with major re-imaging needs delaying their programs from what had been previously expected," the company said, calling the problem a "temporary timing issue." During fiscal 2005, LSI earned 73 cents a share on sales of $282.4 million. Shares were recently trading down $3.33 to $12.81.
Sherwin-Williams
(SHW) - Get Sherwin-Williams Company Report
rose 3% after the paint maker lifted its fourth-quarter earnings projection. The company now sees earnings of 53 cents to 55 cents a share, up from an earlier view of 41 cents to 49 cents a share. Sales, meanwhile, are estimated to have jumped 14.1%, above the company's expectations of mid-single-digit growth. Sherwin-Williams said results were boosted by a better-than-expected operating performance. Analysts expected earnings of 48 cents a share during the fourth quarter. Shares were trading up $1.49 to $47.50.
Shares of
Lamson & Sessions
(LMS)
fell modestly even after the maker of enclosures, fittings and conduits for the electrical and telecom markets lifted its fourth-quarter earnings guidance for the second time in less than two months. The company now sees earnings of $13.7 million to $14.2 million, or 88 cents to 91 cents a share, up from a November forecast of $10.5 million to $11.3 million, or 70 cents to 75 cents a share. Lamson & Sessions boosted its sales projection to $143 million from its earlier forecast of $125 million to $130 million. Shares were trading down 59 cents to $27.40.
TheStreet Recommends
NCR
(NCR) - Get NCR Corporation Report
rose 2% after the maker of automated teller machines raised its fourth-quarter earnings estimate. The company projects earnings of 67 cents a share, well above the 52 cents to 57 cents a share that it previously forecast. Analysts expected earnings of 58 cents a share. NCR expects to report fourth-quarter sales of $1.71 billion, in line with analysts' forecasts.
For 2006, the company forecast earnings of $1.85 to $1.90 a share. Excluding stock-based compensation expense, the company sees earnings of $1.95 to $2 a share. Analysts expect earnings of $1.90 a share. Shares were trading up 85 cents to $37.85.
Shares of
Quanex
(NX) - Get Quanex Building Products Corporation Report
jumped 11% after the maker of auto parts and building products increased its first-quarter earnings projection. The company now sees earnings of $1 to $1.05 a share for the quarter ending this month, up from an earlier view of 70 cents to 80 cents a share. Analysts projected earnings of 84 cents a share. The company attributed the higher guidance to stronger-than-expected seasonal results in its building products segment and lower-than-expected scrap costs in its vehicular products business. Quanex plans to post first-quarter results on Feb. 23. Shares were trading up $5.99 to $59.79.
NYSE
volume leaders included
Lucent Technologies
(LU)
, down 9 cents to $2.56;
Tyco
(TYC)
, down $1.10 to $26.02;
Guidant
(GDT)
, up $5.37 to $76.21;
Advanced Micro Devices
(AMD) - Get Advanced Micro Devices, Inc. Report
, down $1.51 to $32.62;
Pfizer
(PFE) - Get Pfizer Inc. Report
, down 25 cents to $24.42;
Exxon Mobil
(XOM) - Get Exxon Mobil Corporation Report
, up 48 cents to $61.45;
Wal-Mart
(WMT) - Get Walmart Inc. Report
, down 36 cents to $45.04; and
Time Warner
(TWX)
, up 4 cents to $17.31.
Nasdaq volume leaders included
Intel
(INTC) - Get Intel Corporation Report
, down 23 cents to $25.56;
Microsoft
(MSFT) - Get Microsoft Corporation Report
, down 13 cents to $27.06;
Cisco Systems
(CSCO) - Get Cisco Systems, Inc. Report
, down 22 cents to $18.70;
Sirius Satellite Radio
(SIRI) - Get Sirius XM Holdings, Inc. Report
, down 6 cents to $6.22;
Sun Microsystems
(SUNW) - Get Sunworks, Inc. Report
, down 6 cents to $4.65;
Applied Materials
(AMAT) - Get Applied Materials, Inc. Report
, down 63 cents to $19.52;
JDSU
(JDSU)
, down 5 cents to $2.91;
Rambus
(RMBS) - Get Rambus Inc. Report
, down 24 cents to $34.01;
Yahoo!
(YHOO)
, down 31 cents to $40.21;
Apple Computer
(AAPL) - Get Apple Inc. Report
, up 8 cents to $85.67; and
Oracle
(ORCL) - Get Oracle Corporation Report
, down 3 cents to $12.48.
