JDA Software, McClatchy, Manpower: U.S. Small-Cap Equity Movers
The Russell 2000 Index (RTY) slid 3 percent to 530.65 at 4 p.m. in New York. The Standard & Poor's 500 Index (SPX), whose companies have a median market value 22 times larger than the Russell 2000's, lost 3.1 percent. The stock indexes have dropped 31 percent and 35 percent, respectively, in 2008.
ENGlobal Corp. (ENG) fell 37 percent to $4.69 for the biggest decline since May 1999. The Houston-based company that provides feasibility studies and other engineering services for petroleum production said third-quarter profit was as low as 11 cents a share, 52 percent less than the average analyst estimate, because of Hurricanes Ike and Gustav and higher labor costs.
JDA Software Group Inc. (JDAS) gained 12 percent to $13.48, climbing the most since April 2007. The maker of business-management programs for retailers reported third-quarter profit of 40 cents a share, beating the average analyst estimate of 34 cents.
McClatchy Co. (MNI) fell 6.2 percent to $3.19, the lowest level since shares began trading in February 1988. The newspaper publisher that cut its dividend in half and is trimming jobs said that September advertising revenue slid 20 percent, the steepest drop this year.
Manpower Inc. (MAN) lost 10 percent to $27.80, the lowest price since March 2003. The Milwaukee-based staffing company forecast fourth-quarter earnings of 97 cents to $1.01 a share, less than the $1.41 average analyst estimate in a Bloomberg survey.
Millicom International Cellular SA (MIICF) fell 33 percent to $35.60 for the biggest decline since at least December 1993. The mobile-phone operator with customers in Asia and the Americas signed up 2.1 million new subscribers in the third quarter, less than the 2.7 million estimate of analysts at SEB Enskilda.
Netflix Inc. (NFLX) declined 12 percent to $20.85, the\ lowest price since September 2007. The largest U.S. mail-order movie service said growth will slow more than it expected, the second forecast revision this month.
OptionsXpress Holdings Inc. (OXPS US) gained 14 percent to $14.42 for the biggest advance since January 2005. The online derivatives brokerage posted third-quarter profit of 40 cents, beating the average analyst estimate by 9 percent, boosted by more trading and subscriber growth.
UAL Corp. (UAUA US) gained 8.9 percent to $13.80, the highest price since Sept. 16. The parent company of United Airlines reported a third-quarter loss of $1.99 a share, narrower than the average analyst estimate for a loss of $2.48 in a Bloomberg survey.
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