Taylor Capital Group
were among the small-cap winners Wednesday, climbing 14% after the bank posted a third-quarter earnings beat.
The Rosemont, Ill.-based company reported earnings of $18.9 million, or $1.70 a share, up from $7.4 million, or 71 cents a share, a year ago. The increase in net income resulted primarily from the recognition in the third quarter of an $11.4 million, or $1.02 a share, income tax benefit. Wall Street was looking for earnings of 62 cents a share. Net interest income totaled $28.1 million, up from $27.5 million. Shares were trading up $4.30, at $34.51 in recent trading.
climbed 6.7% after Oppenheimer upgraded the New York-based perfume company to buy from neutral. Shares were up $1.24, at $19.74 in recent trading.
Usana Health Sciences
was trading nearly 8% lower after the nutritional and personal-care products company missed Wall Street's third-quarter earnings expectations by a penny a share. The Salt Lake City, Utah-based company earned $10.2 million, or 55 cents a share, compared with $10 million, or 51 cents a share, a year ago. Revenue increased 15.8% to $95.2 million. Wall Street was looking for earnings of 56 cents a share on revenue of $95.3 million.
Looking ahead to the fourth quarter, Usana forecast earnings of 56 cents to 58 cents a share, on revenue of $98 million to $100 million. Excluding expenses, the company is looking for earnings of 61 cents to 63 cents per share. Analysts are calling for earnings of 59 cents a share on revenue of $100.8 million. Shares were trading down $3.84, to $44.98.
Sun-Times Media Group
sank 11% after the newspaper chain warned third-quarter results will be substantially lower than the year-ago period due to weakness in the Chicago newspaper advertising market.
The Chicago-based company said newspaper print advertising declined about 7.5% during the second quarter for the greater Chicago market vs. the comparable period in 2005. Sun-Times Media Group said it expects the third quarter will reflect even greater declines in the Chicago market. The company said its board and management are considering a range of options to address the shortfall in performance and cash flow, including a review of the company's dividend policy. Sun-Times Media Group expects to report results during the week of Nov. 6. Shares were trading down 76 cents to $6.11 recently.