New York and Company, Inc (
NWY) plunged 21% to $1.14 after the specialty retailer of fashion-oriented women’s apparel reported third quarter revenues fell 10% to $249.0 million from $276.4 million a year ago. Net loss in the quarter was $7.9 million or 13 cents per diluted share compared to net loss of $16.0 million or 26 cents per share a year ago.
Comparable same store sales fell 14%.
New York and Company, Inc (
NWY) in the last one year traded as high as $12.12 in September 2008 and as low as $1.43 in November 2008. Based on the yesterday''s closing price of $1.46 the company has market cap of $87.46 million.
ProLogis (
PLD) plunged 15.9% or 55 cents to $2.91 after the world''s largest owner and developer of distribution facilities as investors worried that continued economic weakness and tight credit markets may force the company to raise more capital and dilute current share holders.
Patterson Companies, Inc (
PDCO) declined 11.4% or $2.25 to $17.42 after the distributor to veterinarian and rehabilitation supply markets, posted a decline in its second quarter profit, hurt by incremental interest expense. The company cuts its full year 2009 forecast, citing soft sales of consumable supplies and weak economic conditions.
PetSmart, Inc (
PETM) rose 12.8% or $1.71 to $15.03 after the pet food and supplies reported better than expected sales and earnings. The third quarter revenues rose 11.6% to $1.25 billion from $1.12 billion a year ago. Net income in the quarter rose 22% to $35.8 million or 28 cents per diluted share compared to net income of $29.5 million or 23 cents per share a year ago. Comparable same store sales increased 5.4%.
The Royal Bank of Scotland Group plc (
RBS) gained 12.3% or $1.51 to $13.72 after the U.K. bank shares soared 13% Thursday on expectations stockholders will vote in favor of a proposed 20 billion pound ($30 billion) investment from the government, which would shore up the beleaguered bank''s balance sheet.
Shareholders are due to vote later Thursday on the plan to issue 15 billion pounds of new shares underwritten by the government, and sell 5 billion pounds of preference shares directly to the government.
School Specialty, Inc (
SCHS) dropped 8.6% to $16.54 after the education company providing supplemental learning products to the preK-12 market reported second quarter revenues fell 0.7% to $390.3 million from $392.9 million a year ago. Net income in the quarter fell 12% to $32.3 million or $1.71 per diluted share compared to net income of $36.6 million or $1.74 per share a year ago.
School Specialty, Inc (
SCHS) in the last one year traded as high as $36.28 in December 2007 and as low as $17.80 in November 2008. Based on the yesterday''s closing price of $17.93 the company has market cap of $336.81 million.
Suntech Power Holdings Co., Ltd dropped 27% to $6.54 after the world''s largest photovoltaic module manufacturer for solar panels reported third quarter revenues rose 53.7% to $594.4 million from $386.7 million a year ago. Net income in the quarter rose 4.9% to $55.9 million or 33 cents per diluted ADS compared to net income of $53.3 million or 32 cents per ADS a year ago.
Suntech Power Holdings Co., Ltd (
STP) in the last one year traded as high as $90.00 in December 2007 and as low as $8.93 in November 2008. Based on the yesterday''s closing price of $8.93 the company has market cap of $1.38 billion.
The Goodyear Tire & Rubber Company (
GT) decreased 15.3% or 74 cents to $4.09 after investors worried that a decline in auto sales and weak economic climate will drag sales and earnings sharply lower.
XL Capital Ltd (
XL) slid 14.6% or 75 cents to $4.36 as insurance stocks remain weak in trading.