Dallas,TX 2/11/2010 11:53:33 PM
News / Business

Stocks Down on Volumes (NYSE: BSX, ALU, FE, MAS)

Stock Volumes

 

Boston Scientific Corporation (NYSE:BSX) decreases 7.96% to $7.63 on 34.28 million shares after the company announced that for the first quarter of 2010, it expects net sales of between $2.000 billion and $2.100 billion and adjusted earnings, excluding acquisition-related credits, restructuring and restructuring-related costs, and amortization expense, are estimated to range between $0.13 and $0.17 per share (EPS).

 

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Alcatel-Lucent (ADR) (NYSE:ALU) plunges 11.67% to $2.81 on 16.41 million shares after the company announced that it expects its full year 2010 EBIT to amount between 1% and 5% of its turnover. The Company also expects its full year 2011 EBIT to amount between 5% and 9% of its turnover. According to Reuters Estimates, analysts on average are expecting the Company to report full year 2010 EBIT of EUR 457.97 million and full year 2011 EBIT of EUR 676.31 million.

 

FirstEnergy Corp. (NYSE:FE) is down 6.05% to $38.95 on 3.39 million shares after the company affirmed fiscal 2010 earnings guidance of $3.50-$3.70 per share of common stock on a non-GAAP basis, which was originally announced on December 3, 2009. According to Reuters Estimates, analysts were expecting the Company to report EPS of $3.59 for the same period.

 

Masco Corporation (NYSE:MAS) declines 6.55% to $13.55 on 2.99 million shares after the company announced that it is combining its two cabinet companies, Masco Retail Cabinet Group and Masco Builder Cabinet Group, to form a new organization, Masco Cabinetry.

 

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