DKS, NMM, EXM are Biggest NYSE Stocks Losers
Stocks Losers
Dallas, TX 11/19/2009 04:29 PM GMT (TransWorldNews)
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Dick's Sporting Goods, Inc. (NYSE:DKS) plunges 9.95% to $22.35 after the company reported third quarter 2009 results. The Company reported consolidated net income for the third quarter ended October 31, 2009 of $18.9 million, or $0.16 per diluted share. The third quarter earnings per diluted share exceeded estimated earnings expectations provided on August 20, 2009 of $0.04 - 0.07 per diluted share. For the third quarter ended November 1, 2008, the Company reported consolidated non-GAAP net income of $8.0 million, or $0.07 per diluted share. Non-GAAP earnings exclude merger and integration costs. On a GAAP basis, the Company reported consolidated net income for the third quarter ended November 1, 2008 of $6.2 million, or $0.05 per diluted share.
Navios Maritime Partners L.P. (NYSE:NMM) plunges 9.49% to $14.30 after the company announced that it has priced its follow-on public offering of 4,000,000 common units, which represent limited partnership interests, at $14.90 per unit. Navios Partners has granted the underwriters a 30-day option to purchase up to an additional 600,000 common units to cover over-allotments, if any. Navios Partners expects to use the proceeds from the offering to fund its fleet expansion and/or for general partnership purposes.
Excel Maritime Carriers Ltd (NYSE:EXM) decreases 8.27% to $7.70. The stock hit an intraday high and an intraday low of $8 and $7.62 respectively. In the last six months the stock went down over 24%. Excel Maritime Carriers Ltd. is a provider of worldwide sea borne transportation services for dry bulk cargo, including among others, iron ore, coal and grain, collectively referred to as major bulks, and steel products, fertilizers, cement, bauxite, sugar and scrap metal, collectively referred to as minor bulks.
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