Unusual 11 Mid-Day Movers: LM Ericsson (ERIC) and Xerox (XRX) Lower On Weak Outlooks

March 20, 2009 1:48 PM EDT

StreetInsider.com Unusual 11 Mid-Day Movers:

Select Comfort (Nasdaq: SCSS) 37% HIGHER; reports Q4 LOSS of $0.26, better than the analyst estimate of ($0.03). Revenues for the quarter were $131.1 million, versus the consensus of $139.2 million.

Harry Winston Diamond Corp (NYSE: HWD) 38% HIGHER; Kinross Gold (NYSE: KGC) signed an agreement with Harry Winston Diamond Corporation (NYSE: HWD) further to which Kinross will make a net investment of $150 million in exchange for an indirect interest in the Diavik Diamond Mine in Canada's Northwest Territories and a 19.9% shareholding in Harry Winston.

Xerox Corporation (NYSE: XRX) 17% LOWER; lowered its first-quarter earnings expectations to a range of $0.03-$0.05 per share from a range of $0.16-$0.20 per share (cons is $0.18), citing the increasingly more challenging global economic environment.


DryShips (Nasdaq: DRYS) 16% LOWER; Wachovia downgrade in the industry, citing day rates. MORE


Euroseas, Ltd. (Nasdaq: ESEA) 14% LOWER; Wachovia downgrades, citing day rates. MORE

AutoNation Inc. (NYSE: AN) 13% LOWER; UBS downgrades to Sell


Textron (NYSE: TXT) 12% LOWER; Continued concerns about credit.


Cabot Corp. (NYSE: CBT) 12% LOWER; JP Morgan downgrades

Eagle Bulk Shipping, Inc. (Nasdaq: EGLE) 11% LOWER; Wachovia downgrades, citing day rates. MORE

Starwood Hotels (NYSE: HOT) 10% LOWER; Friedman Billings downgrades to Underperform

LM Ericsson Telephone Co. (Nasdaq: ERIC) 10% LOWER; said its net sales and net income before taxes in the first quarter of 2009 continue to be negatively affected by weak consumer demand as well as de-stocking in the retail and distribution channels. MORE

Phazer (Nasdaq: ANTP) 8% HIGHER; reports a Q3 loss of $0.10 compared to $0.14 profit for the same period last year. Revenues of $1.5 million for the third quarter decreased 53% compared to $3.2 million for the same period last year.


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Stocks Mentioned

AN 17.96

+0.00 +0.00%
Volume: 1,656,011
Track AN

ANTP 3.44

+0.00 +0.00%
Volume: 4,900
Track ANTP

CBT 28.79

+0.00 +0.00%
Volume: 617,945
Track CBT

DRYS 5.36

+0.00 +0.00%
Volume: 500
Track DRYS

EGLE 4.92

+0.00 +0.00%
Volume: 1,761,048
Track EGLE

ERIC 10.01

+0.00 +0.00%
Volume: 10,000
Track ERIC

ESEA 3.84

+0.00 +0.00%
Volume: 75,935
Track ESEA

HOT 37.25

+0.00 +0.00%
Volume: 3,529,956
Track HOT

HWD 9.75

+0.00 +0.00%
Volume: 149,978
Track HWD

KGC 17.50

+0.00 +0.00%
Volume: 8,802,621
Track KGC

SCSS 7.36

+0.00 +0.00%
Volume: 379,732
Track SCSS

TXT 18.90

+0.00 +0.00%
Volume: 3,824,963
Track TXT

XRX 8.38

+0.00 +0.00%
Volume: 27,285,278
Track XRX


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