Today's Big Losers: Domino's Pizza, Telvent
Oct 13, 2009 (MarketNewsVideo.com via COMTEX) -- By MarketNewsVideo.com
Domino's Pizza (DPZ) reported its results for the quarter, with adjusted earnings of 17 cents per share. That beat analyst expectations for 15 cents per share, and was in increase over the same quarter last year when Domino's earned 13 cents per share. But domestic same store sales were flat, and revenue fell about six and a half percent year over year. Domino's shares fell nearly 8% in early trading Tuesday.
And Telvent (TLVT) shares dropped more than 11% after the company lowered its 2009 revenue and earnings guidance, and announced an offering by a selling stockholder. Revenues for the year are now expected to be between 812 and 826 million Euro, down from prior guidance of between 826 and 850 million. Earnings per share guidance on a non-GAAP basis was lowered to a range of 1.52 to 1.55 Euro, down from the prior range of 1.54 to 1.58 Euro.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200910BigLosers101309&mv=1.
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