Dallas 5/4/2010 10:37:45 PM
News / Business

Notable Industrial Good Stocks Losers (BZH, CX, EMR, CAT)

Industrial Good Stocks

 

Beazer Homes USA, Inc. (NYSE:BZH) lost 13.08% to $5.98 on 3.98 million shares. Earlier this week, the company announced its financial results for the fiscal quarter ended March 31, 2010. For the second quarter of the prior fiscal year, the Company reported a loss from continuing operations of $108.7 million, or $2.81 per share, including non-cash pre-tax charges of $42.9 million for inventory impairments and $8.3 million of unconsolidated joint venture investment impairments.

 

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Cemex SAB de CV (ADR) (NYSE:CX) is the top loser and is down 4.98% to $11.63.

 

Emerson Electric Co. (NYSE:EMR) falls 6.17% to $50.31 on high volume. The company reported a lower-than-expected quarterly profit on Tuesday and said U.S. and European economies may not come back as strongly as in past economic cycles. Net earnings rose 9 percent to $405 million, or 53 cents per share, for the fiscal second quarter ended March 31, compared with $373 million, or 49 cents per share, a year earlier.

 

Caterpillar Inc. (NYSE:CAT) decreases 4.32% to $66.92.

 

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