Shares of Spectrum Brands ( SPC) were among the NYSE's losers Monday, tumbling 25% after the consumer-products company warned that fiscal 2006 earnings would be substantially below its previous forecast and said it plans to sell certain assets. The company now expects that earnings for the year ending in September will be substantially below the 90 cents to $1 a share that it predicted in early May. Analysts polled by Thomson First Call project earnings of 95 cents a share. The company blamed the shortfall on weak third-quarter results. "Spectrum Brands' disappointing third-quarter performance was attributable in large part to lower-than-expected sales volumes, particularly in the company's European consumer battery business." Spectrum said its North American sales were hurt by weaker-than-expected results from shaving and grooming products during Father's Day. Spectrum Brands hired Goldman Sachs to help in its planned asset sales. The company, which didn't say which assets it might sell, said the plan is aimed at sharpening the company's focus on strategic growth businesses, maximizing shareholder value, and reducing debt. Shares were recently trading down $2.70 to $8. Mattel ( MAT) shares jumped 9% after the toymaker said it swung to a second-quarter profit, topping analysts' expectation. The company posted earnings of $37.4 million, or 10 cents a share, including tax benefits of $6.2 million, or 2 cents a share. Analysts expected earnings of 4 cents a share. Mattel's revenue totaled $957.7 million, beating Wall Street's target of $925 million. A year earlier, the company reported a loss of $94 million, or 23 cents a share, on revenue of $886.8 million. The year-ago results included a one-time tax expense of $112.9 million, or 28 cents a share, related to the repatriation of foreign earnings. Shares were trading up $1.49 to $17.37. W.W. Grainger ( GWW) slid 8% after the facilities-maintenance company posted in-line second-quarter earnings, but cut its full-year sales outlook. The company earned $93.7 million, or $1.02 a share, on revenue of $1.48 billion. Analysts expected earnings of $1.02 a share and revenue of $1.49 billion. During the year-earlier quarter, the company earned $81.6 million, or 89 cents a share, on revenue of $1.37 billion. Looking ahead, Grainger continues to forecast full-year earnings of $4 to $4.15 a share, but the company now projects sales growth of 7% to 9%. Grainger's earlier forecast called for sales growth of 8% to 11%. Analysts project earnings of $4.07 a share on revenue of $5.96 billion, or sales growth of about 8%. Grainger also boosted its share-repurchase plan. The company will now buy between $200 million and $300 million in stock during the year, up from an earlier forecast of $150 million to $200 million. Shares were trading down $6.10 to $66.90.