Updated from 11:38 a.m. ET
shares plummeted 24.4% on Tuesday after the electronics retailer reported a 39% drop in fourth-quarter profit.
Shares traded at $8.18, down $2.64.
"Our financial results for the fourth quarter obviously reflect the recessionary retail trading environment we face," Chairman and CEO Julian Day said in a statement.
shares were down 34 cents, or 5.2% to $6.15. Domino's net income fell by about $5 million in the fourth quarter but the company beat Street analyst estimates for EPS by 2 cents a share.
"I have mixed feelings about our overall results," said Chairman and CEO David Brandon. "I am disappointed with our domestic sales performance and the pressure this created on our short-term profits. However, I am excited about the aggressive steps we have taken to improve our franchise system, expand our menu and lunch day-part, and strengthen our marketing. And, our international business continues to expand and grow."
Developers Diversified Realty
rose $1.35 or 54% to $3.85 on news of an investment by the Otto family, who own ECE Projektmanagement, a German shopping center developer.
Chairman and Chief Executive Scott Wolstein said the deal will give the REIT a significant capital boost to help pay down debt and improve its cash position.
shares were up 43 cents, or 33.6% to $1.71 after the company reported fourth-quarter earnings. Parker reported a loss due to a goodwill impairment charge but beat Wall Street EPS estimates.
The oil drilling contractor reported a quarterly loss of $39.5 million, or 35 cents per share, compared with earnings of $34.6 million, or 31 cents per share during the same period last year. Excluding the goodwill impairment charge and other nonrecurring items, Parker Drilling reported an adjusted net income of $29.9 million, or 27 cents per share.
Analysts polled by Thomson Reuters estimated a profit of 15 cents per share, on average. Analyst estimates typically exclude one time items.
Revenue rose 17% to $212.4 million from $180.8 million. Analysts projected revenue of $225.7 million.
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