Updated from 12:14 p.m. EDT
was among the
losers Thursday, falling 9.6% after the homebuilder fired its chief accounting officer.
The company said it fired Michael Rand after he attempted to destroy documents related to an internal investigation of the company's mortgage origination business. The firing was disclosed in a
Securities and Exchange Commission
filing. Shares closed down $2.73 to $25.81.
fell 5.2% after the freight-transportation services company cut its 2007 earnings guidance. The company now sees earnings of $3.25 to $3.45 a share, down from its earlier forecast of $3.60 to $3.90 a share. "The less-than-truckload freight market has become increasingly competitive, which has reduced yields at Con-Way Freight as pricing pressure has intensified across the board," the company said. "We are doing what is necessary to defend our core business and to protect our market share in what continues to be a soft freight environment." Guidance includes a litigation charge of 10 cents a share. Analysts polled by Thomson Financial project earnings of $3.77 a share. Shares closed down $2.79 to $50.46.
climbed 14.2% after the stuffed-animals retailer said it is evaluating strategic alternatives. The company said that it still believes it will be able to grow earnings and revenue and generate excess cash flow, but it also believes that it has an obligation to enhance future shareholder value. During the evaluation process, the company said that it would not issue new earnings guidance or update previously issued guidance. Shares closed up $3.19 to $25.70.
traded actively after the drugstore operator posted better-than-expected first-quarter earnings. The company earned $19.5 million, or 4 cents a share, on revenue of $4.46 billion. Analysts expected a loss of a penny a share on revenue of $4.67 billion. During the year-earlier period, the company reported a profit of $3.2 million, or a penny a share, on revenue of $4.34 billion.
Looking ahead, Rite Aid continues to see a full-year loss of $47 million to $129 million, or 11 cents to 23 cents a share, which includes hefty acquisition costs of $145 million. Rite Aid sees revenue of $25.3 billion to $26 billion. Analysts project a loss of 14 cents a share on revenue of $25.5 billion. Shares closed up 5 cents to $6.20.
Shares of gold miner
( MDG) jumped 12.9% after its larger competitor
said that it is interested in buying Meridian for more than $30 a share. Meridian said that it had not yet received a formal offer. In the meantime, Meridian said that its board of directors will review Yamana's announcement as well as any formal offer that it does receive. "Until the company completes its review, it will not comment further or speculate as to any future course of action it might take," Meridian said. Shares closed up $3.15 to $27.55.