Thursday, November 30, 2006
An analyst upgraded Pulte Homes Inc. (PHM) as the median sales price of a new home rose. Shares of the home builder surged $2.66 to close at $33.74.
Bebe's Sales Disappoint
While November same store sales rose 5.8% for Bebe Stores Inc. (BEBE), the figure fell short of the 7.9% growth analysts were anticipating. The stock price plunged $2.18 to close at $19.91.
Sales Plunge For Christopher & Banks
Christopher & Banks Corp. (CBK) reported a steep 8% drop in November same store sales sending the stock price of the women's clothing retailer plunging $1.54 to close at $18.79.
Abercrombie & Fitch's Sales Fall
November same store sales unexpectedly fell 3% for Abercrombie & Fitch Co. (ANF) sending the stock price tumbling $2.15 to close at $67.44.
Earnings Rise For DSW
Increased sales lifted third quarter earnings to 36 cents per share from 25 cents per share last year for DSW Inc. (DSW) prompting the shoe retailer to boost its full year outlook. The stock price leaped $4.59 to close at $38.30.
Synopsis Swings To Profit
Synopsis Inc. (SNPS) swung to a fourth quarter profit of 7 cents per share compared with losses of 9 cents per share a year earlier and forecast first quarter results above expectations. The stock price surged $2.31 to close at $25.55.
Wednesday, November 29, 2006
Exlservice Receives Sell Rating
Two analysts initiated coverage of Exlservice Holdings Inc. (EXLS) with a Sell rating sending the stock price plunging $2.03 to close at $22.47.
Sigma's Third Quarter Sales Triple
Sigma Designs Inc. (SIGM) reported that third quarter sales nearly tripled. The stock price surged $3.60 to close at $26.45.
TOP Tankers To Restate Financials
TOP Tankers Inc. (TOPT) will restate first and second quarter financial reports after the resignation of their auditor Ernst & Young. The stock price tumbled 82 cents to close at $5.04.
Dollar General To Close 400 Stores
Dollar General Corp. (DG) will close 400 stores next year sending the stock price down $1.01 to close at $15.70.
Healthcare Tech To Buy NexGen
Healthcare Technologies Ltd. (HCTL) signed a letter of intent to purchase NexGen Biofuels sending the stock price surging $1.37 to close at $2.64.
Dynavax Reports Positive Test Results
Trial results for Dynavax Technologies Corp.'s (DVAX) experimental hepatitis B vaccine showed 100% protection compared with a competitor's 73% effectiveness rate. The stock price leaped $2.39 to close at $9.79.
Tuesday, November 28, 2006
Rumors Of Louisiana-Pacific Acquisition
Rumors that Louisiana-Pacific may be acquired boosted shares of the building materials supplier $1.13 to close at $20.77.
Anika Receives Approval Letter
The Food and Drug Administration issued an approval letter to Anika Therapeutics Inc. (ANIK) for its tissue product sending the stock price soaring $2.34 to close at $13.90.
Shares of Consulier Engineering Inc. (CSLR) more than tripled by surging $7.10 to close at $10.44 on no apparent news.
SWAT's Successful Demo
Security With Advanced Technology Inc. (SWAT) shares rallied $1.35 to close at $7.85 on news of a successful public demonstration of its nonlethal device that disables attackers.
Conolog Pulls Back
Conolog Corp. (CNLG) shares lost ground after Monday's rally on no apparent news. The stock price plunged $1.71 to close at $3.25.
Targeted Genetics Retreats
Targeted Genetics Corp. (TGEN) shares pulled back after Monday's rally on no apparent news. The stock dropped $1.11 to close at $4.76.
Monday, November 27, 2006
Continental Falls As Oil Rises
Rising oil prices weighed down shares of Continental Airlines Inc. (CAL). The stock price tumbled $3.31 to close at $42.07.
Targeted Genetics Soars
Targeted Genetics Corp. (TGEN) stock surged $2.03 to close at $5.87 even though there were no company announcements.
Although Conolog Corp. (CNLG) issued no news, shares of the telecommunications equipment maker surged $3.65 to close at $4.96.
EBay Lower Over Sales
Concerns about disappointing online sales growth weighed down shares of eBay Inc. (EBAY). The stock price lost $1.25 to close at $32.14.
Amazon Slips Over Sales Growth
Shares of Amazon.com Inc. (AMZN) slipped $1.56 to close at $40.85 as online sales growth on Black Friday disappointed.
Price Target For Las Vegas Sands Lifted
An analyst lifted his price target for Las Vegas Sands Corp. (LVS) sending the stock price up 79 cents to close at $93.12.
Friday, November 24, 2006
Advanced Semiconductor May Be Bought
The Carlyle Group expressed interest in purchasing Advanced Semiconductor Engineering Inc. (ASX) for approximately $5.5 billion. The stock price rose 80 cents to close at $6.06.
Sony Camera Defective
Plagued by defective products, Sony Corp. (SNE) announced that its popular Cyber-shot compact digital cameras may create distorted images and offered to repair affected cameras free of charge. The stock price eased 38 cents to close at $39.63.
Mothers Work Retreats
Shares of maternity apparel retailer Mothers Work Inc. (MWRK) continued to lose ground by plunging $3.75 to close at $47.10 as its founders disclosed sales of more than half of their holdings.
Agnico Files For Offering
Agnico-Eagle Mines Ltd. (AEM) registered for a $500 million mixed shelf offering. The stock price rose $1.33 to close at $41.36.
Earnings Rise For Systemax
Computer retailer and distributor Systemax Inc. (SYX) reported earnings of 19 cents per share compared with 4 cents per share in the year ago period sending the stock price soaring $2.08 to close at $14.20.
Cameco Enters Deal With Tenex
Cameco Corp. (CCJ) entered a deal with Tenex to jointly explore, develop and produce uranium deposits. Shares of the world's largest uranium producer rose $1.69 to close at $36.40.
Wednesday, November 22, 2006
Cray Secures Contract Extensions
Cray Inc. (CRAY) picked up contract extensions for up to $250 million in new supercomputer sales lifting the stock price $1.70 to close at $11.62.
Earnings Rise For Payless
Third quarter earnings for Payless Shoesource Inc. (PSS) rose to 43 cents per share from 32 cents per share in the year ago period as sales increased. The stock price soared $3.98 to close at $32.29.
Mothers Work Downgraded
An analyst cited Mothers Work Inc.'s (MWRK) slowing same store sales for downgrading the maternity clothing retailer sending the stock price plunging $6.41 to close at $50.85.
Dell Inc. (DELL) posted earnings that beat estimates in a delayed third quarter filing. The computer maker recently ceded the #1 position to rival Hewlett-Packard. The stock price soared $2.31 to close at $27.13.
Coldwater Creek Lowers Guidance
Coldwater Creek Inc. (CWTR) lowered its fourth quarter and full-year outlook for its women's apparel business sending the stock price tumbling $2.55 to close at $28.40.
J. Crew Reveses Losses
J. Crew Group Inc. (JCG) reversed year ago losses to report earnings of 40 cents per share compared with a loss of a penny per share a year earlier. The stock price surged $5.17 to close at $40.52.
Tuesday, November 21, 2006
Profits Rise For Focus Media
Focus Media Holding Ltd. (FMCN) reported higher profits as the flat panel adverting company in China posted revenues that tripled versus year-ago levels. The stock price leaped $7.76 to close at $67.62.
Jo-Ann Reverses Losses
Jo-Ann Stores Inc. (JAS) reversed losses to report a small profit of $100,000 for the third quarter. Shares of the nation's largest fabric retailer surged $2.86 to close at $20.44.
CDC Announces Restructuring Plan
CDC Corp. (CHINA) announced a $110 million restructuring plan to create a CDC Games unit. The stock price climbed $1.32 to close at $8.77.
Earnings Slip For Dycom
Dycom Industries Inc. (DY) posted a smaller profit as higher interest expenses hurt its construction and engineering business. The stock price plunged $2.94 to close at $20.80.
Earnings Rise For Phillips-Van Heusen
Phillips-Van Heusen Corp. (PVH) reported higher third quarter earnings of 89 cents per share compared with 73 cents per share a year earlier that surpassed expectations by 5 cents. The stock price soared $3.69 to close at $50.81.
While earnings slipped to 59 cents per share from 67 cents per share in the year ago period for Medtronic Inc. (MDT), revenue beat expectations sending the stock price surging $4.60 to close at $53.55.
Monday, November 20, 2006
EOP Receives Buy Out Offer
Equity Office Properties Trust (EOP), the nation's largest publicly traded office-building owner and manager, was the target of a $19 billion buy-out offer by private-equity firm Blackstone Group. The stock price soared $3.42 to close at $48.14.
Freeport To Buy Phelps Dodge
Freeport-McMoRan Copper & Gold Inc. (FCX) bought copper miner Phelps Dodge Corp. (PD) in a $25.9 billion cash and stock deal. Shares of Freeport lost $1.77 to close at $55.63 while Phelps Dodge stock shot up $25.45 to close at $120.47.
Cyberonics CEO And CFO Resign
Cyberonics Inc. (CYBX) announced the resignation of both the chief executive and chief financial officer as a result of an investigation into stock option irregularities. The stock price surged $2.59 to close at $24.17.
Oregon Steel Agrees To Be Acquired
Evraz Group will pay approximately $2.3 billion to purchase Oregon Steel Mills Inc. (OS). The stock price surged $4.81 to close at $63.77.
CoTherix To Be Acquired
CoTherix Inc. (CTRX) will be acquired by Actelion Ltd. for approximately $420 million in cash lifting the stock price $2.22 to close at $13.42.
FDA Approval For Cardica
The Food and Drug Administration approved Cardica Inc.'s (CRDC) new C-Port system for automating blood vessel attachments in bypass surgeries. The stock price leaped $1.75 to close at $7.00.
Friday, November 17, 2006
Wendy's To Repurchase Stock
Wendy's International Inc. (WEN) will repurchase 22.4 million shares for approximately $800 million. The stock price tumbled $2.23 to close at $33.53.
Positive Test Results For Advanced Magnetics
Advanced Magnetics Inc. (AMAG) reported positive late stage trial results for its chronic kidney disease treatment sending its stock price soaring $13.10 to close at $57.00.
Intuit Widens Losses
Intuit Inc. (INTU) blamed higher expenses for widening first quarter losses to 17 cents per share from 13 cents per share a year earlier. The stock price plunged $2.35 to close at $32.46.
Ann Taylor Warns Of Flat Sales
Third quarter earnings for AnnTaylor Stores Corp. (ANN) rose to 54 cents per share from 42 cents per share a year earlier beating expectations 2 cents but the women's apparel retailer warned of flat fourth quarter sales. The stock price tumbled $3.11 to close at $36.57.
Cost Plus Widens Losses
Cost Plus Inc. (CPWM) blamed higher expenses for widening third quarter losses to 53 cents per share from 12 cents per share in the year ago period. The stock price tumbled $1.37 to close at $12.03.
J&J To Buy Conor
Conor Medsystems Inc. (CONR) received a $1.4 billion all cash acquisition offer from Johnson & Johnson (JNJ). Shares of Conor leaped $5.16 to close at $32.68 while Johnson & Johnson stock edged up 71 cents to $67.24.
Thursday, November 16, 2006
BEA Systems Inc. (BEAS) reported revenues that missed forecasts prompting downgrades. The stock price tumbled $2.58 to close at $13.11.
Williams-Sonoma Inc. (WSM) blamed the slowdown in the housing market for a drop in third quarter earnings to 25 cents per share from 31 cents per share in the year ago period. The disappointing results prompted the company to slash its fourth quarter as well as its full year outlook sending the stock price plunging $3.48 to close at $31.70.
Reader's Digest To Go Private
Reader's Digest Association Inc. (RDA) will be taken private by a group led by private equity firm Ripplewood Holdings for approximately $1.6 billion lifting the stock price up $1.19 to close at $16.70.
Pantry Warns Of Lower Margins
Pantry Inc. (PTRY) posted higher profits of $1.16 per share compared with $1.12 per share a year earlier in its convenience store business, but warned that lower oil prices may hurt margins. The stock price plunged $6.23 to close at $47.03.
Chip Demand Expected To Grow 9%
Shares of Rambus Inc. (RMBS) surged $5.07 to close at $21.72 after the Semiconductor Industry Association forecast an average 9% growth in chip demand over the next several years.
Irvine Sensors Lands $16M In Contracts
Irvine Sensors Corp. (IRSN) has landed more than $16 million in new contracts since the fiscal year began six weeks ago. The stock price more than doubled by soaring $1.32 to close at $2.39.
Wednesday, November 15, 2006
Tripos disappointed with a third quarter loss of 43 cents per share compared with earnings of 2 cents per share in the year ago period. The stock price plummeted 95 cents to close at 62 cents.
Vanda Reports Positive Test Results
Vanda Pharmaceuticals Inc. (VNDA) reported positive test results for its insomnia treatment VEC-162 sending the stock price soaring $5.14 to close at $14.90.
Pfizer To Acquire Embrex
Pfizer Inc. (PFE) will pay $155 million in cash to acquire Embrex Inc. (EMBX). Shares of Embrex soared $4.72 to close at $16.64 while Pfizer stock gained 28 cents to close at $26.53.
U. S. Airways Bids For Delta
U. S. Airways Group Inc. (LCC) offered $8 billion of purchase bankrupt Delta Airlines Inc. (DALRQ). Shares of U. S. Airways surged $8.57 to close at $59.46 while Delta stock edged up 5 cents to close at $1.52.
Earnings Rise For Daktronics
Daktronics Inc. (DAKT) reported higher second quarter earnings of 22 cents per share compared with 13 cents per share a year earlier and forecast third quarter results above expectations. The stock price leaped $6.93 to close at $33.60.
HandHeld Buys Dorks.com
HandHeld Entertainment Inc. (ZVUE) acquired Dorks.com for $1.5 million. The stock price jumped $4.59 to close at $6.10.
Tuesday, November 14, 2006
Golf Galaxy To Be Acquired By Dick's Sporting Goods
Golf Galaxy Inc. (GGXY) will be purchased by Dick's Sporting Goods Inc. (DKS) for approximately $225 million. Golf Galaxy stock soared $2.79 to close at $18.44 while shares of Dick's Sporting Goods leaped $5.28 to close at $54.20.
Motorola To Buy Netopia
Motorola Inc. (MOT) will purchase Netopia Inc. (NTPA) for approximately $208 million in cash. Shares of Neopia surged $1.24 to close at $6.83 while Motorola stock edged up 51 cents to close at $21.68.
Challenging Years For Norfolk Southern
Norfolk Southern Corp. (NSC) expects a challenging business environment in both 2006 and 2007. Shares of the rail transportation company plunged $2.78 to close at $49.90.
D. R. Horton Beats Forecasts
Although fourth quarter earnings for D. R. Horton Inc. (DHI) tumbled to 88 cents per share from $1.77 per share in the year ago period, the results beat expectations lifting the stock price $2.12 to close at $24.50.
NBTY's Earnings Rise
Higher sales boosted fourth quarter earnings more than three times to 54 cents per share from 17 cents per share last year for NBTY Inc. (NTY) lifting the stock price $3.64 to close at $33.19.
Dilliard's Swings To Profit
Improved margins helped Dilliard's Inc. (DDS) swing to a third quarter profit of 17 cents per share compared with a loss of 3 cents per share. Shares of the department store operator surged $6.38 to close at $35.59.
Monday, November 13, 2006
Analogic Chief To Retire
Analogic Corp. (ALOG) chief executive John W. Wood Jr. will retire at the end of the year. The stock price plunged $5.50 to close at $52.72.
Earnings Rise For China Automotive
Third quarter earnings rose to 7 cents per share from 5 cents per share in the year ago period for China Automotive Systems Inc. (CAAS). The stock price surged $3.15 to close at $10.90.
Sam's Club To Accept MasterCard
MasterCard Inc. (MA) will now be accepted at Wal-Mart Stores Inc.'s (WMT) Sam's Club stores. Shares of MasterCard leaped $7.35 to close at $96.55 while Wal-Mart stock eased 15 cents to $46.32.
Novartis' Review Delayed
The Food and Drug Administration pushed back Novartis AG's (NVS) review of an oral anti-diabetes medicine sending the stock price down $1.06 to close at $58.30.
ISIS Reports Positive Trial Data
ISIS Pharmaceuticals Inc. (ISIS) reported positive data on its drug that fights bad cholestrol sending its stock price soaring $2.05 to close at $12.43.
Solexa To Be Sold
Solexa Inc. (SLXA) narrowed its third quarter losses and announced that it will be purchased by Illumina in a deal worth approximately $600 million. The stock price surged $2.86 to close at $12.56.
Friday, November 10, 2006
Sotheby's Widens Losses
Sotheby's (BID) blamed higher salaries and expenses for a third quarter loss that widened to 50 cents per share from 34 cents per share last year. The greater than expected loss sent shares of the auction house tumbling $2.11 to close at $31.75.
Cramer's Comments Lift NYSE
Comments by Jim Cramer that shares of NYSE Group Inc. (NYX) could reach $250 lifted the stock $6.92 to close at $94.48.
Scottish Re Swings To Loss
Scottish Re Group Ltd. (SCT) swung to a third quarter loss of 54 cents per share from earnings of 66 cents per share in the year ago period. The stock price tumbled $1.62 to close at $6.40.
InfoSonics Corp. (IFON) disappointed with third quarter earnings that tumbled to 4 cents per share from 10 cents per share a year earlier. Shares of the cell phone distributor plunged $1.60 to close at $4.20.
Pacific Sunwear Forecasts Upbeat Fourth Quarter
Third quarter earnings for Pacific Sunwear plunged to 13 cents per share from 54 cents per share in the year ago period but the casual apparel retailer forecast upbeat fourth quarter results lifting the stock price $1.29 to close at $18.56.
Genentech To Buy Tanox
Genentech Inc. (DNA) will buy Tanox Inc. (TNOX) for approximately $919 million in cash. Shares of Tanox leaped $6.11 to close at $19.75 while Genentech stock inched up 24 cents to close at $81.59.
Thursday, November 09, 2006
Possible Probe Of Qualcomm
A possible investigation of Qualcomm Inc.'s (QCOM) business practices in Japan by the Japan Fair Trade Commission sent shares of the company tumbling $1.45 to close at $34.83.
Hansen Natural Corp. (HANS) reported sales that missed estimates for Smoothies and Energade and delayed its filings due to an ongoing options probe. The stock price plummeted $4.14 to close at $24.88.
Cisco Systems Inc. (CSCO) posted strong quarterly results and raised its outlook followed by analyst upgrades. The stock price climbed $1.61 to close at $26.71.
Northrop To Acquire Essex
Northrop Grumman Corp. (NOC) offered $580 million to acquire cybersecurity company Essex Corp. (KEYW). Shares of Essex leaped $3.57 to close at $23.55 while Northrop stock eased 39 cents to close at $64.59.
Goodyear Beats Expectations
Although Goodyear Tire & Rubber Co. (GT) swung to a third quarter loss of 27 cents per share from earnings of 70 cents a year earlier, the results came in above expectations. The stock price surged $2.37 to close at $17.54.
Gmarket's Earnings Rise
Third quarter earnings for Gmarket Inc. (GMKT) surged to beat expectations sending the stock price soaring $3.50 to close at $21.00.
Wednesday, November 08, 2006
Earnings Slip For Hospira
Third quarter earnings slipped to 35 cents per share from 37 cents per share a year earlier for Hospira as sales dropped. The stock price plunged $4.50 to close at $33.30.
Website Pros Swings To Profit
While Website Pros Inc. (WSPI) swung to a third quarter profit of 7 cents per share compared with a loss of 6 cents per share in the year ago period, sales headcount and additional new subscribers fell short of expectations. The stock price plummeted $2.73 to close at $8.37.
True Religion Disappoints
Analysts downgraded True Religion Apparel Inc. (TRLG) after the company reported disappointing earnings that fell 7 cents short of expectations and forecast 2006 results below expectations. The stock price plunged $5.80 to close at $15.46.
Career Education Beats Revenue Expectations
Career Education Corp. (CECO) blamed falling enrollment for third quarter earnings that tumbled to 22 cents per share from 53 cents per share last year. However, the stock price surged $2.50 to close at $24.36 as revenue came in above expectations.
Trimeris Swings To Profit
Trimeris Inc. (TRMS) swung to a third quarter profit of 16 cents per share from a loss of 15 cents per share a year earlier as revenue more than doubled. Shares of the biopharmaceutical leaped $1.80 to close at $9.73.
Greenfield's Earnings Rise
Greenfield Online Inc. (SRVY) lifted its full year forecast after third quarter earnings rose to 7 cents per share from 6 cents per share in the year ago period, beating expectations by 5 cents. The stock price soared $2.68 to close at $12.86.
Tuesday, November 07, 2006
Lower Earnings For Dean Foods
Dean Foods Co. (DF) reported lower third quarter earnings of 51 cents per share compared with 64 cents per share a year earlier and forecast fiscal 2006 results below expectations sending the stock price tumbling $2.79 to close at $39.36.
Earnings Slip For Anthracite
Third quarter earnings for Anthracite Capital Inc. (AHR) slipped to 22 cents per share from 28 cents per share in the year ago period prompting a downgrade. The stock price plunged $2.50 to $11.50.
Biogen Ups Stake In Targeted Genetics
Biogen Idec Inc. (BIIB) nearly doubled its stake in Targeted Genetics Corp. (TGEN) by converting much of its debt into shares of Targeted. Targeted stock leaped 75 cents to close at $2.90 while Biogen stock edged up 39 cents to close at $48.80.
Emerson's Earnings Rise
Emerson Electric Co. (EMR) reported higher earnings of $1.29 per share compared with $1.01 per share last year beating expectations by 4 cents and announced a 2-for-1 stock split. The stock price jumped $4.87 to close at $87.43.
Fuel Tech's Earnings Nearly Double
Fuel Tech Inc. (FTEK) reported third quarter earnings that nearly doubled to 9 cents per share from 5 cents per share in the year ago period prompting the company to lift its full year revenue guidance. The stock price leaped $4.34 to close at $23.68.
WorldGate Enters Deal With Telecom New Zealand
Telecom New Zealand Ltd. inked a deal to purchase video phones from WorldGate Communications Inc. (WGAT) sending the share price soaring 37 cents to close at $1.59.
Monday, November 06, 2006
Phazar Secures Government Contract
Phazar Crop. (ANTP) subsidiary Antenna Products won a government contract sending its shares soaring $2.58 to close at $7.25.
Nvidia To Buy PortalPlayer
Nvidia Corp. (NVDA) announced a $357 million deal to buy portal device chip maker PortalPlayer Inc. (PLAY). Shares of Nvidia rose 99 cents to close at $33.59 while PortalPlayer stock eased a penny to close at $13.35.
Abbott To Buy Kos
Abbott Laboratories (ABT) agreed to acquire the cholesterol drugmaker Kos Pharmaceuticals Inc. (KOSP) for $3.7 billion. Shares of Kos leaped $26.97 to close at $77.06 while Abbott stock eased 17 cents to close at $47.47.
Four Seasons Receives $3.7 Billion Bid
Four Seasons Hotels Inc. (FS) was the target of $3.7 billion bid from the controlling shareholder of Four Seasons and investors including Bill Gates' Cascade Investment LLC. The stock price leaped $18.63 to close at $82.50.
Navteq To Buy Traffic.com
Traffic.com Inc. (TRFC) will be bought by Navteq Corp. (NVT) in a cash and stock deal worth approximately $179 million. Shares of Traffic.com jumped $1.25 to close at $7.40 while Navteq stock lost 91 cents to close at $31.28.
Swift Receives Buyout Offer
A former executive of Swift Transportation Co. Inc. (SWFT) offered to purchase the company sending the stock price soaring $5.79 to close at $29.84.
Friday, November 03, 2006
CA Lowers Outlook
Software maker CA Inc. (CA) reported higher earnings of 9 cents per share compared with 8 cents per share last year but lowered its full year outlook as the number of new orders fell. The stock price tumbled $2.37 to close at $22.91.
Electronic Arts Surprises
Electronic Arts surprised analysts, who had been expecting the world's largest video game publisher to report a loss, with a second quarter profit of 7 cents per share and lifted its full year forecast. The stock price leaped $6.24 to close at $59.24.
Syntax-Brillion Reverses Losses
Syntax-Brillian Corp. (BRLC) reversed losses of 2 cents per share last year to report a profit of 7 cents per share for the first quarter lifting the stock price $1.58 to close at $7.84.
Oracle Buys Stellent
Oracle Corp. (ORCL) will purchase Stellent Inc. (STEL) for approximately $440 million. Shares of Stellent surged $2.78 to close at $13.40 while Oracle stock eased 49 cents to $17.78.
Earnings Slip For Red Robin
Third quarter earnings for Red Robin Gourmet Burgers Inc. (RRGB) slipped to 36 cents per share from 39 cents per share a year earlier prompting the restaurant chain to lower its full year forecast. The stock price plunged $12.00 to close at $34.00.
Whole Foods Warns Of Slowing Sales Growth
While fourth quarter earnings surged to 28 cents per share from 6 cents per share in the year ago period, Whole Foods warned that sales growth will slow in fiscal 2007 sending the stock price plummeting $13.86 to close at $46.26.
Thursday, November 02, 2006
SRA's Forecast Disappoints
While SRA International Inc. (SRX) reported higher first quarter earnings, the company forecast second quarter results below expectations. The stock price plummeted $4.49 to close at $27.11.
Entegris Inc. (ENTG) disappointed with third quarter results that fell short of expectations sending the stock price tumbling $1.16 to close at $9.63.
MannKind's Losses Nearly Double
MannKind Corp. (MNKD) blamed increased expenses for third quarter losses that nearly doubled. The stock price plunged $2.17 to close at $17.18.
ValueClick's Earnings Rise
ValueClick Inc.'s (VCLK) third quarter earnings rose to beat expectations lifting the stock price $2.69 to close at $21.55.
Earnings Rise For Plexus
Plexus Corp. (PLXS) reported higher fourth quarter earnings prompting analyst upgrades. The stock price leaped $4.28 to close at $26.04.
Sales Drop For Christopher & Banks
Jewelry retailer Christopher & Banks Corp. (CBK) reported lower same-store sales versus year-ago levels and triggered inventory concerns sending the stock price tumbling $3.69 to close at $21.96.
Wednesday, November 01, 2006
Possible Merger Between CVS And Caremark
CVS Corp. (CVS) was reportedly in talks with Caremark Rx Inc. (CMX) to discuss a merger. Shares of CVS tumbled $2.32 to close at $29.03 while Caremark stock lost $1.06 to $48.17.
Profit Dropped For Trex
Trex Co. Inc. (TWP) reported lower profits as the housing market slowed. The stock price plunged $5.52 to close at $20.90.
Garmin's Revenue Falls Short
Garmin Ltd. (GRMN) reported higher profits, but missed revenue targets. The stock price plummeted $8.43 to close at $44.98.
Ceradyne Reports Higher Earnings
Ceradyne Inc. (CRDN) reported higher earnings from sales of its ceramic parts for armor and missiles. The stock price surged $5.80 to close at $47.05.
Mastercard's Earnings Impress
Mastercard Incorporated (MA) posted sharply higher earnings that beat estimates sending the stock price soaring $10.97 to close at $85.07.