Stock Market Alert: CWTR Down on Forecast

Posted on Sunday 21 January 2007



Stock Market Alert - CWTR plunged on Friday, trading down over 12% to close the regular session at $20.70 after the company announced that they would be slashing their Q4 earnings projections. The company, which originally projected Q4 earnings of between 26-27 cents per share, now forecasts Q4 earnings of between 16-17 cents per share. The company blamed slower than expected customer traffic on the miss. Volume was heavy on the session, with over 25 million shares of the stock changing hands, compared to a normal daily average volume of 2.2 million shares traded.



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