Horizon Lines sees earnings soar, cuts outlook
Associated Press
Horizon Lines sees earnings soar, cuts outlook
10.24.08,
3:21 PM ET
CHARLOTTE, N.C. -
Inc. said Friday its profit soared in the third quarter compared with a year earlier, when earnings were weighed down by a charges, but adjusted earnings fell and the company lowered its outlook for full-year earnings.
The shares tumbled $1.05 cents, or 15 percent, to $5.90 in afternoon trading.
Horizon reported net income of $12.5 Read the rest of this entry »