Allied Waste shares fall as company again lowers outlook
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AUSTIN - The stock of Allied Waste Industries Inc. fell Tuesday after the waste hauler cut its 2004 profit outlook for the second time in as many months.
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Allied Waste Industries Inc. cut its 2004 earnings forecast for the second time in three months Tuesday saying sales growth was coming from lower-margin businesses instead of the more profitable landfill operation.
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The company's dismal earnings have dimmed investor enthusiasm.
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Go-Ahead Group shares fall as much as 17% on the back of worries about the firm's future income.
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Stocks fell for a second day on anticipation that this weekÂs jobs report would show worsening unemployment.
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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.
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The retailer lowers its outlook after same-store sales fall.
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Shares of auto parts retailer Pep Boys-Manny, Moe &amp; Jack (PBY.N: Quote, Profile, Research) fell 10 percent on Thursday, a day after it said earnings dropped 48 percent last quarter on more struggles in its service operations, missing
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Leading shares ended lower, falling further back from recent 6-year highs, as a poorly received pricing update from Tate &amp; Lyle offset M&amp;A fuelled gains in Smith &amp; Nephew.
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Allied Capital (ALD:NYSE - news - research) tumbled Monday after the company said it received an information request from a Justice Department office conducting a criminal inquiry.
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Cott Corp., a maker of store-brand soft drinks, lowered its 2004 profit outlook Monday because of increasing raw material costs, and predicted 2005 results that fall short of Wall Street estimates.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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Allied Capital failed to preserve documents to support how it valued investments between 2001 and 2003, securities regulators said as part of a settlement yesterday.
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Discount retailer has no fire left as comps, and profits fall again.
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Stocks fell for a second straight session Friday amid continued pessimism about the health of the economy.
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Allied Waste Industries Inc. on Tuesday reported a mixed profit picture amid sluggish revenues. On the same day, its former chairman and chief executive officer severed ties to the company.