Tuesday's Winners & Losers: Gemstar-TV Guide - TheStreet

Updated from 10:53 a.m. EDT

Gemstar-TV Guide International

( GMST) was among the


winners Tuesday, climbing 12% after the media and entertainment company said that it is exploring strategic alternatives, including the possible sale of the company.

"The company has made significant improvements throughout its businesses and the board is very pleased with the growth and strategic direction under CEO Richard Battista," the company said. "We are now poised to investigate the range of available strategic alternatives for continuing to build shareholder value." UBS Investment Bank is acting as financial advisor for the company while Wachtell, Lipton, Rosen & Katz handles the legal duties. Shares closed up 64 cents to $5.98.

Sears Holdings


slid 10% after the retailer warned that second-quarter earnings would be below Wall Street's forecast if current sales trends continue. Assuming that sales trends during the first nine weeks of the quarter continue, the company sees earnings of $160 million to $200 million, or $1.06 to $1.32 a share. The forecast includes a one-time gain of 8 cents a share. Analysts polled by Thomson Financial project earnings of $2.12 a share.

"We are disappointed with our recent performance," the company said. "Although we believe our business has suffered from many of the same factors that have led other retailers to announce disappointing results and lowered expectations, our recent performance underscores our ongoing need to become more relevant to consumers while improving our discipline around expense management." Shares closed down $17.20 to $154.21.

Shares of


(GBX) - Get Report

jumped 15.8% after the supplier of transportation equipment and services to the railroad industry posted third-quarter results that beat expectations. The company posted adjusted earnings of $16.1 million, or $1 a share, on revenue of $386.6 million. Analysts expected earnings of 39 cents a share on revenue of $299.5 million. During the year-earlier period, the company earned $10.7 million, or 67 cents a share, on revenue of $266.1 million. Shares closed up $4.52 to $33.15.

Pepsi Bottling Group

( PBG) rose 3.8% after the company posted better-than-expected second-quarter results. The company earned $162 million, or 70 cents a share, on revenue of $3.36 billion. Analysts expected earnings of 63 cents a share on revenue of $3.28 billion. During the year-earlier quarter, the company earned $148 million, or 61 cents a share, on revenue of $3.14 billion.

Looking ahead, the company now sees full-year adjusted earnings of $2.02 to $2.07 a share, up from an earlier view of $1.90 to $1.98 a share. Analysts project earnings of $1.98 a share. Shares closed up $1.31 to $35.74.

Shares of

Live Nation

(LYV) - Get Report

fell 7.5% after the live music and venue management company said that it would sell $200 million in convertible senior notes due 2027. The company also plans to grant initial buyers a 13-day option to buy up to an additional $20 million in notes to cover over-allotments. Live Nation will use proceeds from the offering to repay debt and for general corporate purposes. Shares closed down $1.72 to $21.29.