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October 20th, 2007
Friday's Small-Cap Winners & Losers
Abstract:
The slouching major indices helped grind down on the small-cap sector Friday, and among the losers was Nanophase Technologies (NANX - Cramer's Take - Stockpickr - Rating).
Shares slid 14.2% after the nanomaterials maker lost $963,000, or a nickel a share, in the third quarter -- essentially as much as it did last year. Analysts were calling for the loss to narrow by 4 cents year over year, according to Thomson Financial. Sales edged up slightly to $2.6 million, but that missed the $4.4 million average estimate. Shares of the Romeoville, Ill., nanomaterials maker were down 94 cents to $5.70.
Source:
thestreet.com
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