Shares of Tempur-Pedic International ( TPX - Get Report) were among the NYSE's losers Tuesday, falling 24% after the mattress maker warned that third-quarter earnings and sales would be below Wall Street forecasts. The company expects pro forma earnings of 22 cents or 23 cents a share on sales of $203 million to $207 million. Analysts polled by Thomson First Call had been expecting earnings of 29 cents a share on sales of $227.1 million. For all of 2005, the company now expects pro forma earnings of $1.05 to $1.07 a share on sales of $845 million to $855 million. Previously, the company said that it would earn $1.10 to $1.13 a share on sales of $880 million to $890 million. Analysts had been expecting earnings of $1.12 a share on sales of $884.8 million. Tempur-Pedic blamed its outlook on several factors, including weak consumer sentiment and Hurricane Katrina. The company also said that attractive incentives offered by the U.S. automotive industry hurt its results. "We believe these promotions diverted consumer spending away from other 'big ticket' items such as mattresses," the company said. Shares were recently trading down $3.93 to $12.45. FactSet Research Systems ( FDS - Get Report) rose 16% after the provider of financial data posted fourth-quarter results that topped expectations. The company earned $18.6 million, or 37 cents a share, on sales of $82.8 million. Analysts were expecting earnings of 36 cents a share on sales of $81.1 million. A year ago the company earned $14.7 million, or 30 cents a share, on sales of $67.7 million. Looking ahead, FactSet forecast first-quarter sales of $88 million to $90 million. Analysts had been expecting sales of $83 million. Shares were recently trading up $5.06 to $37.06. Shares of Swift Transportation ( SWFT) fell 6% after the company warned that third-quarter earnings would fall below expectations. The trucking company expects adjusted earnings, which exclude items, of 30 cents to 33 cents a share. Analysts had been expecting earnings of 41 cents a share. A year ago the company earned 32 cents a share. Swift blamed third-quarter weakness on continued softness in freight demand in July and August and higher fuel costs. Shares were trading down $1.09 to $17.33.
Panera Bread ( PNRA) rose 5% after the company posted solid comparable-store sales data. For the four weeks ended Sept. 6, the bakery operator posted a rise of 7.7% at company-owned stores, while franchised stores logged a 7.9% increase. System-wide sales rose 7.8%. For the eight weeks ended Sept. 6, the company posted an increase of 7.9% at company-owned stores, while franchised stores reported an 8.5% increase. System-wide sales, meanwhile, rose 8.3%. Shares were trading up $2.57 to $53.37. Shares of Brunswick ( BC) fell 8% after the boat maker cut its full-year outlook and warned that third-quarter earnings would be below forecasts. The company now expects 2005 earnings of $3.20 to $3.25 a share, down from previous guidance of $3.30 to $3.40 a share. Analysts had been expecting earnings of $3.39 a share. During the third quarter, the company expects earnings of 70 cents to 74 cents a share. Analysts had been expecting earnings of 82 cents a share. During last year's third quarter, the company earned 65 cents a share. Brunswick said it lowered guidance because it is concerned with high fuel prices, a drop in consumer confidence and the impact that Hurricane Katrina could have on its results. Shares were trading down $3.56 to $38.94. NYSE volume leaders included Time Warner ( TWX), up 13 cents to $18.67; Delphi ( DPH), down 35 cents to $3.02; Circuit City ( CC), up 88 cents to $16.39; Estee Lauder ( EL - Get Report), down $4.08 to $36.40; Nortel Networks ( NT), down 1 cent to $3.20; and Lucent Technologies ( LU), up 1 cent to $3.04. Nasdaq volume leaders included StemCells ( STEM), up 94 cents to $5.87; Siebel Systems ( SEBL), up 5 cents to $10.32; Cisco Systems ( CSCO), up 18 cents to $18.35; Sirius Satellite Radio ( SIRI), up 15 cents to $6.85; Microsoft ( MSFT), up 18 cents to $26.18; Oracle ( ORCL), up 19 cents to $13.48; and Intel ( INTC), up 29 cents to $24.97.