Today's Biggest Small Cap Stock Losers are HEAT, HI, WMG
Small Cap Stock
Dallas, TX 11/24/2009 04:50 PM GMT (TransWorldNews)
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SmartHeat Inc (NASDAQ:HEAT) plunges
6.55% to $12.85. The stock hit an intraday high and an intraday low of $13.70
and $12.80 respectively. In the last six months the stock went up over 128%. SmartHeat
Inc. formerly Pacific Goldrim Resources, Inc., is engaged in the manufacturing
and sale of plate heat exchangers (PHEs) and various packages, thermometer
testing devices and heat usage calculators through its wholly owned operating
subsidiary in China.
Hillenbrand, Inc. (NYSE:HI) plunges 4.11%
to $19.13 after the company announced that for fiscal 2010, it expects revenues
will be from 3% below to 3.1% above fiscal 2009 revenues, ranging from $630
million to $670 million. Earnings per diluted share will range from $1.40 to
$1.67, with net income projected to be between $86 million and $103 million.
Excluding approximately $3 million to $5 million in estimated legal costs
related to ongoing antitrust litigation, the Company expects fiscal 2010
earnings per diluted share to range from $1.45 to $1.70. According to Reuters Estimates,
analysts were expecting the Company to report revenues of $659 million, net
profit of $106 million and EPS of $1.75 for the same period.
Warner Music Group
Corp. (NYSE:WMG) plunges 8.50% to $6.46 after the company reported results
for the fiscal fourth quarter and full year ended September 30, 2009. For the
quarter, revenue grew 0.8% to $861 million from $854 million in the prior-year
quarter, and was up 4.7% on a constant-currency basis. Loss from continuing
operations was $18 million, or ($0.12) per diluted share, for the quarter,
compared with income from continuing operations of $6 million, or $0.04 per
diluted share, in the prior-year quarter. The current-year's quarter included
the Severance Charges, which amounted to $0.09 per diluted share.
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