Wednesday's Winners & Losers: Domino's - TheStreet

Shares of

Domino's Pizza

(DPZ) - Get Report

were among the

NYSE's

winners Wednesday, rising 9% after the pizza delivery company announced a plan to recapitalize. As part of the plan, the company will repurchase about 13.9 million shares of stock at prices ranging from $27.50 to $30 a share in a Dutch auction.

The company will also buy all of its remaining 8.25% senior subordinated notes due 2011, amounting to roughly $274 million. Domino's also plans to repay all debt under its senior credit facility. After it repays that debt, it will terminate the facility. Ultimately, Domino's will tap an asset-backed securitized facility to run its business.

"Based on the strong cash flow characteristics of our business, the appropriate corporate finance decision for our company is one that includes significant leverage," the company said. "The most efficient and flexible debt we can negotiate is asset-backed securitization, which provides the lowest cost of financing available to us." Shares were trading up $2.56 to $31.26.

Valassis Communications

(VCI)

climbed 11% after the advertising concern posted better-than-expected fourth-quarter earnings.

The company earned $6.9 million, or 14 cents a share, on revenue of $286.4 million. Excluding items, the company earned $20.6 million, or 43 cents a share. Analysts polled by Thomson First Call expected earnings of 40 cents a share on revenue of $289.1 million. During the year-earlier quarter, the company earned $20.3 million, or 42 cents a share, on revenue of $309.2 million. Excluding items, the company earned $24.8 million, or 52 cents a share, during the year-earlier quarter. Shares of Valassis were trading up $1.73 to $17.57.

Shares of

Lazard

(LAZ) - Get Report

rose 6% after the investment firm posted fourth-quarter results that were better than expected. The company earned $85.8 million, or 78 cents a share, on revenue of $472.9 million. Analysts expected earnings of 63 cents a share on revenue of $419.6 million.

During the year-earlier period, the company earned $57.3 million, or 57 cents a share, on revenue of $367.1 million. "Lazard had an exceptional first full year as a publicly traded firm and these results demonstrate the continued effectiveness of our simple business model," the company said. Shares were trading up $3.17 to $55.40.

Nu Skin Enterprises

(NUS) - Get Report

fell 8% after the maker of personal care and nutritional products posted better-than-expected fourth-quarter results but warned that first-quarter results would be below expectations. The company earned $15.9 million, or 23 cents a share, on revenue of $289.2 million. Analysts expected earnings of 21 cents a share on revenue of $280.9 million. During the year-earlier period, the company earned $15.8 million, or 22 cents a share, on revenue of $290.7 million.

Looking ahead, Nu Skin sees first-quarter earnings of 14 cents to 16 cents a share on revenue of $260 million to $265 million. Analysts project earnings of 19 cents a share on revenue of $271.1 million. For the full year, the company sees earnings of 88 cents to 94 cents a share on revenue of $1.13 billion to $1.15 billion. Analysts project earnings of 95 cents a share on revenue of $1.15 billion. Shares were trading down $1.46 to $17.42.

Shares of

Dean Foods

(DF) - Get Report

fell 3% after the dairy producer posted in-line fourth-quarter results and issued first-quarter and full-year earnings guidance that disappointed investors. The company earned $73 million, or 53 cents a share, on revenue of $2.59 billion. Excluding items, the company earned $83.9 million, or 61 cents a share. Analysts expected earnings of 61 cents a share on revenue of $2.59 billion. During the year-earlier period, the company earned $66.2 million, or 45 cents a share, on revenue of $2.62 billion. Excluding items, the company earned $75.1 million, or 52 cents a share, during the year-earlier quarter.

Looking ahead, Dean Foods sees first-quarter adjusted earnings of 44 cents to 46 cents a share. Analysts project earnings of 46 cents a share. For the full year, the company sees earnings of $2.33 to $2.38 a share. Analysts project earnings of $2.38 a share. Shares were trading down $1.38 to $43.38.

NYSE volume leaders included

Equity Office Properties

( EOP), down 58 cents to $55.47;

Ford

(F) - Get Report

, up 2 cents to $8.56;

Texas Instruments

(TXN) - Get Report

, down 40 cents to $30.82;

Corning

(GLW) - Get Report

, up 17 cents to $22.54;

AT&T

(T) - Get Report

, down 14 cents to $37.37;

Motorola

( MOT), up 9 cents to $19.82;

DirecTV

(DTV)

, up $1.95 to $25.92; and

Tyco

(TYC)

, down 69 cents to $31.90.

Nasdaq

volume leaders included

Cisco Systems

(CSCO) - Get Report

, up $1.12 to $28.40;

Microsoft

(MSFT) - Get Report

, down 2 cents to $29.49;

Level 3 Communications

(LVLT)

, up 12 cents to $6.46;

Broadcom

(BRCM)

, up $2.19 to $34.18;

Intel

(INTC) - Get Report

, up 7 cents to $21.38;

MedImmune

( MEDI), down $3.51 to $30.50; and

Sun Microsystems

(SUNW) - Get Report

, up 2 cents to $6.55.