Tag - STLY

Zale Corp. (Nasdaq:ZLC), Stanley Furniture Co Inc. (Nasdaq:STLY) and NBTY Inc. (Nasdaq:NTY) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Skillsoft ADR (Nasdaq:SKIL), Argan Inc. (Nasdaq:AGX), Stewardship Financial Corp. (Nasdaq:SSFN), Cadence Financial Corp. (Nasdaq:CADE), Babcock & Brown Air Ltd. (Nasdaq:FLY) and Williams Controls Inc. (Nasdaq:WMCO).

Pharsight Corp. (Nasdaq:PHST), Cardica Inc. (Nasdaq:CRDC) and Innovative Solutions and Support Inc. (Nasdaq:ISSC) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Korn/Ferry International Inc. (Nasdaq:KFY), MFRI Inc. (Nasdaq:MFRI), Stanley Furniture Co Inc. (Nasdaq:STLY), LIN TV Corp. (Nasdaq:TVL), City Holding Corp. (Nasdaq:CHCO) and Allegiant Travel Co. (Nasdaq:ALGT).

Here are the biggest percentage gainers among small caps:

Stanley Furniture Co Inc (Nasdaq:STLY), A Power Energy Generation Systems Ltd (Nasdaq:APWR) and Lakeland Bancorp Inc (Nasdaq:LBAI) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Canadian Solar Inc (Nasdaq:CSIQ), SemGroup Energy Partners LP (Nasdaq:SGLP), ViroPharma Inc (Nasdaq:VPHM), Cbeyond Inc (Nasdaq:CBEY), Center Financial Corp (Nasdaq:CLFC) and Hoku Scientific Inc (Nasdaq:HOKU).

Here are the most actively traded companies among small caps:

Crescent Banking Co (Nasdaq:CSNT), Sonic Automotive Inc (Nasdaq:SAH) and Riverview Bancorp, Inc (Nasdaq:RVSB) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Chimera Investment Corp (Nasdaq:CIM), Stanley Furniture Co Inc (Nasdaq:STLY), Colony Bankcorp Inc (Nasdaq:CBAN), First M&F Corp (Nasdaq:FMFC), BNC Bancorp (Nasdaq:BNCN) and Central Pacific Financial Corp (Nasdaq:CPF).

Here are the new 52-week lows among small caps:

Stanley Furniture Co. (Nasdaq:STLY) is down nearly 7% in pre-market trading today after the company announced Monday after the close it had posted a loss in the second quarter of 2008. The Stanleytown, Va.-based furniture company reported a net loss of $0.68 million, or $0.01 per share, compared with a net loss of $2.4 million, or $0.23 a share, from the same quarter a year ago. The prior year’s results included a charge of $0.43 per share for the termination of Stanley Furniture’s defined benefit pension plan.

The company said it plans to consolidate its North Carolina manufacturing from two facilities to one, eliminate two executive positions and offer voluntary early retirement incentives. The manufacturing consolidation should be completed by Dec. 31, the company said.

Ahead of the opening, shares are at $7.99, down $0.60 from Monday’s close. Shares of the stock have ranged from $8.21 to $22.25 during the past year.

Shares of Stanley Furniture Company, Inc. (Nasdaq:STLY) are treading lower out of the gate after the furniture manufacturer said after Monday’s close that it is lowering its fiscal second-quarter and 2008 guidance substantially below the consensus on Wall Street due to weakening consumer demand.

Shares slumped 10%, or $1.07, to $9.52 at 9:42 a.m. ET. For detailed price information and recent news stories about Stanley Furniture, click STLY.

Here are the current biggest percentage gainers and losers among companies with a market cap between $100 million and $750 million:


• CompuCredit Corp. (CCRT), up 29%.
• Buckeye Technologies Inc. (BKI), up 24% on news it will lay off between 20 and 25 employees at a production facility in Canada. That’s up to 16.6% of the plant’s workforce.
• Stanley Furniture Co. (STLY), up 22%.


• Human Genome Sciences, Inc. (HGSI), down 44% on news of serious side effects from a study of a hepatitis C drug. Shares have been downgraded by analyst.
• First Cash Financial Services, Inc. (FCFS), down 35% on news it has lowered its full-year earnings forecast.
• The PMI Group, Inc. (PMI), down 15%.

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) fell for the second day in a row on news of housing and subprime concerns and record oil prices. The small-cap index let go 6.01 points, or 0.72%, to 823.35. The Dow lost 71.86 points, or 0.51%, to 13,912.94.

On a year-to-date basis, the Russell 2000 has increased 4.56%, while the Dow has added 11.53%.

Predictions by high-level U.S. officials that the slump in the housing sector will get worse and slow down economic growth brought out the bears today, as small and large caps ended in the red for the second consecutive day.

After the close on Monday, Fed chairman Ben Bernanke said that the slump in the housing sector is expected to get worse and be a drag on economic growth going into 2008. Treasury Secretary Henry Paulson made similar comments at Georgetown University’s law school today, adding that the federal government should work to avoid foreclosures and prevent property values from falling further.

As if to confirm the downcast predictions, the National Association of Home Builders announced that its monthly home builder confidence index fell more than expected in October to a record low.

Contributing to the negative mood was news of weaker-than-expected third-quarter earnings for Wells Fargo & Company (NYSE: WFC). CEO John Stumpf blamed disruptions in the credit markets.

Occam Networks, Inc. (Nasdaq: OCNW), Fuwei Films Co., Ltd (Nasdaq: FFHL) and Schmitt Industries, Inc. (Nasdaq: SMIT) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage losers:

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are down, depressed by news of record high oil prices and fears stemming from the troubled U.S. housing sector. At 1:39 p.m. ET, the small-cap index was down 2.41 points, or 0.29%, to 826.95. The Dow had retreated 63.57 points, or 0.45%, to 13,921.23.

There’s no stopping the price of oil, up $0.87 to a record high of $87 due to tight inventories as winter approaches and tensions along the border between Iraq and Turkey. On Monday the cabinet of Turkish prime-minister Tayyip Erdogan asked parliament for approval to launch an attack on Kurdish rebels in northern Iraq.

An increase in the price of oil could put the squeeze on consumers and slow down economic growth.

The bears are also emboldened by renewed fears about the state of the U.S. housing sector and the negative effects of the meltdown in the subprime mortgage market.

U.S. Federal Reserve chairman Ben Bernanke got things started when he told the Economic Club of New York after the close on Monday that the slump in the housing sector is expected to get worse and will act as a drag on economic growth into early 2008.

Wells Fargo & Company (NYSE: WFC) reported before the start of trading that net income for the third quarter was $2.28 billion, or $0.68 per share, a rise of 4% compared with a net income of $2.19 billion, or $0.64 per share, during the second quarter of 2006.

The Russell 2000 (NYSE: IWM) and the other major U.S. indices are sagging this morning on news of record oil prices and poor third-quarter earnings.

At 10:33 a.m. ET, the small-cap index had shed 5.43 points, or 0.65%, to 823.93. The Dow Jones Industrial Average (INDU) was off 87.78 points, or 0.63%, to 13,897.01.

The price of oil has continued climbing to record highs, up more than $0.60 and approaching $87 a barrel. The increase is due to tight inventories as winter approaches and tensions along the border between Iraq and Turkey. On Monday the cabinet of Turkish prime-minister Tayyip Erdogan asked parliament for approval to launch an attack on Kurdish rebels in northern Iraq.

In corporate news, health-care products maker Johnson & Johnson (NYSE: JNJ) reported that its third-quarter profit fell 7.7% despite a 12.7% increase in sales.

Contributing to the bearish mood this morning is news after the close on Monday that U.S. Federal Reserve chairman Ben Bernanke told the Economic Club of New York that the slump in the housing sector is expected to get worse and will act as a drag on economic growth into early 2008.

In economic news, Federal Reserve’s monthly index of industrial production, showed a small rise for September. The index, which measures the change in the production of the nation’s factories, mines and utilities, added 0.1%, as projected. However, the reading for August was revised down to 0% from a previously reported increase of 0.2%.

Stanley Furniture Company, Inc. (Nasdaq: STLY) reported lackluster results for the third quarter, citing unfavorable industry-wide conditions.

Earnings clocked in a shade below analyst expectations. For the three months ended Sept. 30, the furniture retailer recorded earnings of $0.16, compared with the consensus of three analysts polled by Thomson Financial for $0.18 per share. Last year the retailer earned $0.26 per share.

Net sales were $73.2 million, compared with sales of 75.91 million for the third quarter of 2006. Two analysts were on average expecting sales of $71.16 million.

Going forward, the retailer said it does not “foresee any improvement in the demand environment anytime soon” and has lowered expectations for the remainder of 2007.

For the fourth quarter, ending Dec. 31, the small cap said it expects net sales to be in the range of $62 million to $66 million, compared with sales of $70.64 million for the fourth quarter last year. Two analysts polled by Thomson Financial are on average expecting sales of $ 69.06 million.

Fourth quarter earnings per share are expected to be a loss of $0.31 to $0.35 per share, including approximately $0.26 per share of restructuring and impairment charge, compared with earnings of $0.14 per share in the fourth quarter of 2006. The consensus of three analysts polled by Thomson Financial is for earnings of $0.18 per share.

Shares of Stanley Furniture (STLY) were halted in pre-market trading.

Shares of furniture manufacturer Stanley Furniture Co. (Nasdaq: STLY) continue to plummet to a 52-week low Tuesday, after it reported weak second-quarter earnings and cut guidance late Monday evening.

Shares of Stanley Furniture that had been trading in the range of $19.11 to $25.57 for the last 52 weeks, fell 13.99%, or $3.04, to $18.69.

The Stanleytown, Va.-based company reported a second-quarter loss of $2.4 million, or $0.23 cents per share for the three months ended June 30. Three analysts polled by Thomson Financial expected a profit of $0.22 per share.

The company attributed its second quarter loss to the soft housing market.

MEDTOX Scientific, Inc. (Nasdaq: MTOX), Qiao Xing Universal Telephone Inc. (Nasdaq: XING) and Nautilus, Inc. (NYSE: NLS) are the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $500 million:

Here are today's biggest percentage losers:

MSC Software Corp. (Nasdaq: MSCS) was off by $0.67, or nearly 5%, to $12.85 on heavy volume in after-hours trading Tuesday after the company announced preliminary revenue results that came in below analysts’ expectations. The Santa Ana, Calif.-based software and services provider said it expects to report revenue in the range of $56 million to $58 million for the first quarter ended March 31. Four analysts polled by Thomson First Call were expecting revenue of $64.2 million. The company will report the full results May 9.