Reply #101: Updates, advisories and surprises

[citizen snips]

(3:03 PM ET) SAN FRANCISCO (MarketWatch)-- Cabinet maker Masco Corp. (NYSE:MAS - News)plans to have reduced its headcount by 8,000 workers, or over 16% of its U.S. workforce, by the end of the first quarter, said CEO Richard Manoogian. He was speaking in a Wednesday conference call with investors to discuss the company's fourth-quarter earnings report, where it reported a loss. Manoogian said severance and other costs from the firings will contribute to lower first-quarter earnings. Masco said earnings may decline 50% or more from earnings of 50 cents a share posted in the year-earlier quarter. Shares in Masco were recently down 23 cents a share to $31.58.

Kreisler Manufacturing quarterly profit surges; shares jump

(10:39 AM ET) SAN FRANCISCO (MarketWatch) -- Kreisler Manufacturing Corp. (NasdaqCM:KRSL - News)shares jumped 26% to $14 in Wednesday morning trade after the Elmwood Park, N.J.-based maker of metal components and assemblies reported fiscal second-quarter net earnings of $607,000, or 33 cents a share, up from $289,794, or 16 cents a share last year. Revenue rose to $6.02 million from $4.43 million

Daktronics shares tumble on fourth-quarter results, outlook

(10:16 AM ET) SAN FRANCISCO (MarketWatch) -- Daktronics Inc. (NasdaqGS: DAKT - News)shares tumbled 23% to $29.36 in Wednesday morning trade after the Brookings, S.D.-based company reported fiscal third-quarter net income of $7.03 million, or 17 cents a share, compared with $4.04 million, or 10 cents a share, in the year-ago period. Revenue rose to $106.7 million from $71.1 million. Analysts were expecting a per-share profit of 16 cents on revenue of $112.6 million. The company expects fourth-quarter earnings in the range of 12 cents to 19 cents a share on revenue of $106 to $118 million.

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