Updated from 11:03 a.m.
were among the
losers Tuesday, sliding 5.5% after the animal feed products company posted disappointing third-quarter earnings.
For the quarter ended Feb. 28, the company earned $42.2 million, or 10 cents a share, on revenue of $1.28 billion. Excluding a one-time gain, the company earned 5 cents a share. Analysts polled by Thomson First Call expected earnings of 16 cents a share on revenue of $1.28 billion. During the year-earlier period, the company posted a loss of $71.6 million, or 19 cents a share, on revenue of $1.07 billion. Mosaic said that costs were "unacceptably high" during the quarter, especially in its phosphates business. Shares closed down $1.59 to $27.51.
jumped 17.5% after the company said that it is exploring strategic alternatives, including a possible sale of the company. UBS Investment Bank and Credit Suisse have been hired as financial advisers.
The company also announced the retirement of its chief executive officer. Wayland Hicks's retirement will be effective June 4. He'll be replaced on an interim basis by Michael Kneeland. Shares closed up $4.81 to $32.36.
rose 10.3% after the company posted better-than-expected fourth-quarter results. For the quarter ended Jan. 31, the company earned $10.2 million, or 80 cents a share, on revenue of $118.9 million. Analysts expected earnings of 75 cents a share on revenue of $116.7 million. During the year-earlier quarter, the company earned $8.3 million, or 63 cents a share, on revenue of $108.4 million. Shares were trading up $6.12 to $65.39.
rose 1.7% after the maker of electrical products posted fourth-quarter results that were better than expected. For the period ended Feb. 28, the company earned $7 million, or $1.16 a share, on revenue of $79.6 million. Analysts expected earnings of 84 cents a share on revenue of $76.4 million. During the year-earlier quarter, the company earned $2.6 million, or 45 cents a share, on revenue of $50.3 million.
Looking ahead, AZZ continues to see fiscal 2008 earnings of $2.70 to $2.80 a share. The company projects revenue of $275 million to $285 million. Shares closed up 81 cents to $48.76.
slipped 1.7% after the maker of paints and coatings warned that second-quarter earnings would be below Wall Street's forecast. For the quarter ending April 27, the company sees earnings of 36 cents to 40 cents a share. Analysts projected earnings of 49 cents a share. For the full year, the company now sees earnings falling to the low end of its previous guidance of $1.80 to $1.90 a share. Analysts projected earnings of $1.84 a share. Valspar said that its results are being hurt by continued soft demand in its architectural paints and wood coatings businesses. Shares closed down 49 cents to $27.61.
NYSE volume leaders included
, down $1.46 to $22;
Advanced Micro Devices
, down 8 cents to $13.27;
, up 11 cents to $8.19;
( KFT), down 7 cents to $31.24;
, up 2 cents to $32.40;
, down 19 cents to $14.19; and
, up 10 cents to $34.88.
volume leaders included
( NUVO), which was up 45 cents earlier in the day but closed down 28 cents to $5.40;
, up 76 cents to $19.41;
, up 58 cents to $20.68;
, which was up 76 cents earlier in the day but closed down $1.43 to $22.15;
, up 28 cents to $18.85;
, down 17 cents to $28.40;
( ADLR), down $5.12 to $3.60;
( CEGE), down 78 cents to $6.08; and
, down 21 cents to $25.99.