( PLTE) was among the
losers Tuesday, as the company disappointed investors with its third-quarter outlook.
The steelmaker's shares dropped 13% after it said it expects earnings of 5 cents to 10 cents a share for the quarter,
far below analysts' expectation of 43 cents a share. The company blamed the shortfall on an outage at its Plate Mill, which cut into output and shipments. Shares were trading down $2.75 to $18.40.
shares fell 3.5% after Chairman and CEO Richard Lenny said he would retire.
The Wall Street Journal
reported Lenny was frustrated with the Hershey Trust, which controls the voting rights for the candy company, though Lenny made no such claims in a company-issued statement. Hershey Trust, which owns 78% of voting rights, recently blocked a sale of the company to rival
. Hershey shares were losing $1.66 to $45.75.
Shares of the paint maker
were falling 4.6% after lowering its fourth-quarter outlook. Citing frailness in the U.S. housing market, the company said it now expects adjusted fourth-quarter earnings to range from 47 cents to 50 cents a share, down from a previous forecast of 51 cents a share. Analysts polled by Thomson Financial expected earnings of 60 cents a share. The stock was sinking $1.24 to $25.87.
were dropping 5%, after a bid with Energy Solutions to clean up uranium-enrichment plants was rejected by the U.S. Energy Department. It was the largest drop in over seven years, according to
. Shares were falling down 51 cents to $9.64.
On the positive side, shares of auto dealership chain
were surging 10.9% a day after the company declared a quarterly dividend of 14 cents per share, to be paid on Oct. 29. The news propelled the stock up $1.97 to $20.08.
Home wares retailer
Pier One Imports
soared 17.1% on volume two times higher than its three-month average, after slumping for more than a week after it fell short of Wall Street's second-quarter earnings forecast. A
Securities and Exchange Commission
filing also showed President and CEO Alex Smith bought 40,000 shares for between $4.85 and $4.92 on Friday. Shares gained 82 cents to $5.63.