eased 1% to $37.25 a day after it ran up following a labor deal that ended a two-day strike by union members.
GM jumped 9.4% Wednesday on word that more than 70,000 members of the United Auto Workers would return to their jobs.
said revenue for the second quarter jumped nearly 54% from a year ago to $6.60 billion, aided by the acquisition of Brooks Eckerd. The drugstore chain's loss widened, however, to $69.6 million, or 10 cents a share, from last year's loss of $300,000 and 2 cents a share.
Looking ahead, Rite Aid lowered its total sales forecast for fiscal 2008 to between $24.5 billion and $25.1 billion from its previous outlook of $25.3 billion to $26 billion. Same-store sales are expected to improve 1.3% to 3.3%, down from the old projection of 3.8% to 5.8% growth. The company also said its loss for the year will likely be 15 cents to 27 cents a share. Earlier, Rite Aid predicted a loss of 11 cents to 23 cents. Shares declined 4.6% to $4.82.
( CHTT) rose after the consumer products maker said quarterly revenue jumped 51% and it raised its projections for the full year. Revenue in the third quarter was $109 million, up from $72 million a year ago.
Earnings climbed to $16.3 million, or 84 cents a share, from $15.2 million and 81 cents a share last year. Adjusted earnings rose to $17.5 million from $8.9 million a year earlier.
For the fiscal year, Chattem now expects an adjusted profit of $3.15 to $3.25 a share, up from its earlier outlook of $3 to $3.19. Earnings for the next fiscal year should be $3.90 to $4.10, before items, Chattem predicted. The stock was up 6.1% at $71.57.
, an operator of convenience stores, slumped after saying it expects gasoline gross margin and earnings per share for the fiscal year ending Sept. 27 to be below its previous targets.
Gas margins in the fourth quarter will probably be between 10 cents and 10.5 cents a gallon, bringing its fiscal year margin to approximately 10.9 cents. Previously, it expected 11.5 cents. As a result, earnings for the fourth quarter and the fiscal year will probably also fall short of Pantry's prior view. Shares of Pantry were losing 5.5% to $27.10.
boosted its quarterly dividend by 20% and set plans to buy back an additional 20 million shares. Lockheed's new dividend will be 42 cents a share, and it's payable Dec. 28 to holders of record on Dec. 3.
Shares of Lockheed were down 0.4% at $105.35.
was higher after saying it signed an agreement to sell its Bailey Banks & Biddle brand to
( FNLY) for $200 million. Zale was gaining 3.2% to $24.34.