Lone Star Technologies Sinks

Longs Drug Store declines; Global Crossing posts a wider loss; plus more of Monday's stocks in the news

Lone Star Technologies (LSS ) sees 85 cents to 95 cents third quarter earnings per share, citing higher-than-anticipated increases in costs of raw materials, including steel and higher-than-anticipated manufacturing costs. RBC Capital downgraded Lone Star, Maverick Tube (MVK ), and NS Group (NSS ) to underperform from sector perform.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.