were among the
losers Wednesday, slumping 12% after the company posted disappointing second-quarter results.
The company, a maker of adhesives, sealants and other specialty chemical products, posted earnings of $19.5 million, or 65 cents a share, for the period ended June 3. Excluding a one-time item associated with an acquisition, the company would have earned 68 cents a share. Analysts polled by Thomson First Call expected earnings of 69 cents a share. H.B. Fuller's revenue totaled $388.5 million, below analysts' target of $422.2 million. During the year-earlier period, the company earned $16.2 million, or 56 cents a share, on revenue of $387.9 million. The year-ago earnings included several one-time items that added 4 cents a share to the bottom line.
Looking ahead, H.B. Fuller continues to forecast 2006 earnings of $2.49 to $2.59 a share, including settlement-related charges of 6 cents a share. Without the charge, the company expects earnings of $2.55 to $2.65 a share. Analysts project earnings of $2.66 a share. Shares were trading down $5.68 to $42.20.
fell 5% after the company cut its 2006 revenue outlook, citing the production delays for the new Airbus A380 jet. Hexcel, a maker of lightweight materials used in the commercial aerospace and defense industries, said revenue growth for the year could now be in the low-single-digit range. Previously, the company forecast revenue growth of 10%. Analysts project 2006 revenue of $1.28 billion, or growth of about 10%.
Hexcel said the Airbus delay will likely reduce commercial-aerospace revenue growth for the second half of 2006 and first half of 2007. "The amount and timing of the impact will depend upon the instructions from Airbus to its suppliers to this program regarding continued part production during the period of delay," Hexcel said. Shares were trading down 67 cents to $14.72.
slid 7% after the restaurant operator said it expects flat to slightly negative same-store sales for the second quarter. The company also sees second-quarter revenue growth of 12%, which is below analysts' projections. Analysts project revenue of $332.5 million, or revenue growth of 15%. The company's guidance, it said, reflects the macro trends affecting the restaurant industry. Shares were trading down $2 to $25.74.
rose 3% after the spice maker posted better-than-expected second-quarter earnings. For the period ended May 31, the company earned $61.6 million, or 46 cents a share, on revenue of $639.9 million. Excluding items, the company would have earned $42.9 million, or 32 cents a share. Analysts expected earnings of 30 cents a share on revenue of $640.8 million. A year earlier, the company recorded adjusted earnings of $42.3 million, or 31 cents a share, on revenue of $628.6 million. Shares were up 88 cents to $33.55.
fell 7% after the company warned that second-quarter earnings would fall short of expectations. The minerals maker projects second-quarter earnings slightly below first-quarter results. During the first quarter, the company earned $12.8 million, or 64 cents a share. Analysts expect second-quarter earnings of 70 cents a share. "The two largest impacts on profitability were Synsil products and the delayed equipment installation in the Refractories segment," the company said. Shares were down $3.85 to $49.92.
( JCG) soared 25% on its first day of trading as a public company. The apparel retailer priced 18.8 million shares at $20 a share, raising about $352 million in net proceeds. The pricing came in above the proposed range of $15 to $17 a share. J. Crew plans to use proceeds from the offering, along with $73.5 million in proceeds from a private stock sale, to redeem its preferred stock. Meanwhile, if underwriters exercise their option to buy an additional 2.82 million shares to cover overallotments, J. Crew plans to use those proceeds to pay down debt on its term loan. Shares were recently up $4.90 to $24.90.
NYSE volume leaders included
, up 38 cents to $29.43;
( NT), up 7 cents to $2.15;
, up $1 to $60.65;
( MOT), down 57 cents to $19.11;
, down 13 cents to $11.05;
, down 93 cents to $28.72; and
, down 5 cents to $32.83.
volume leaders included
, up 28 cents to $18.33;
, up 19 cents to $23.05;
Sirius Satellite Radio
, up 5 cents to $4.62;
, up 6 cents to $4.03;
, down $1.79 to $42.35;
, down $1.42 to $56.01;
, down 5 cents to $2.40; and
, down 17 cents to $19.13.