were among the
losers Tuesday, dropping 6% after the warehouse-club operator posted a decline in second-quarter earnings and lowered its full-year profit outlook.
BJ's earned $26.4 million, or 39 cents a share, in the second quarter, with revenue of $2.14 billion. A year earlier, BJ's earned $30.5 million, or 44 cents a share, on revenue of $2.02 billion. Analysts polled by Thomson First Call were looking for a profit of 38 cents a share in the latest quarter, with revenue of $2.15 billion.
For the full year, the company cut its earnings forecast to $1.69 to $1.77 a share from its earlier guidance of $1.85 to $1.92. Analysts were expecting earnings of $1.79 a share. The stock fell $1.70 to $25.70.
shares jumped 11% after the maker of photovoltaic cells posted second-quarter results that topped analysts' forecasts. The China-based company earned $26.5 million, or 17 cents a share, on revenue of $128.2 million. Excluding certain items, earnings were 19 cents a share. Analysts, on average, projected earnings of 15 cents a share and revenue of $114 million. In the year-earlier quarter, earnings were $1.4 million, or 1 cent a share, on revenue of $41.9 million.
For the third quarter, Suntech projected revenue of $162 million to $169 million, well above Wall Street's prediction of $135 million. Shares climbed $3.14 to $31.15.
Shares of Swiss banking giant
advanced 6% after the company reported a 47% rise in second-quarter earnings. The company reported earnings of 3.15 billion Swiss francs, up from 2.15 billion a year earlier (one U.S. dollar Tuesday converted to 1.24 Swiss francs). UBS said it benefited from high levels of invested assets and record underwriting fees. Shares were higher by $3.03 to $54.98.
shares fell 2% after a report that the clothing maker is expected to end its auction process without finding a buyer. The
Wall Street Journal
, citing a person familiar with the matter, reported Tuesday that Jones received a bid from private equity firm Bain Capital, among others, but the offer was insufficient to the company's board. Shares declined 45 cents, or 2.5%, to $29.10.
Shares of several property insurers moved higher after a Mississippi judge ruled that insurance exclusions for Hurricane Katrina-related flooding were valid. According to the
, a federal judge said a policy from Nationwide Mutual Insurance legitimately excluded damage from flooding, though it insured against losses from wind and rain. The move is viewed as a favorable ruling for the industry, which has been criticized for not covering flood claims from Katrina victims who didn't purchase insurance specifically for water damage. Shares of
were higher by 92 cents, or 1.6%, to $57.34;
advanced $1.16, or 1.4%, to $82.64; and
St. Paul Travelers
( STA) rose $1.04, or 2.4%, to $44.13.
The NYSE's volume leaders Tuesday were
( LU), up 8 cents to $2.18;
, down 17 cents to $16.29;
, up 32 cents to $10.99;
, up 8 cents to $7.91;
( NT), up 3 cents to $1.95;
, down 53 cents to $68.72;
( CD), up 14 cents to $1.87;
, up 36 cents to $26.44; and
, up $1.20 to $34.46.
heavy traders were
, up 91 cents to $37.68;
Sirius Satellite Radio
, down 1 cent to $3.72;
, up 25 cents to $18.12;
, up 37 cents to $15.66;
, up 15 cents to $24.59;
, up 10 cents to $4.60;
, up 11 cents to $2.28; and
, up $2.34 to $66.28.