Some Stocks Take Big Falls
A few local companies took major tumbles on the markets today, many because they're not expecting a good 2008 - or at least not as good as analysts would have hoped.
Neustar (NSR) shares were down more than 25 percent, to $21.50, after the Sterling company forecast 2008 profit and sales that missed analysts' forecasts.
Harman International Industries of the District (HAR) was down 15.4 percent, at $38.70, after it also forecast lower profit.
SRA International of Fairfax (SRX) lowered its guidance, and funding for some of its projects in Iraq is seen as uncertain. That helped its stock fall 9 percent, to $24.71.
Shares of the Advisory Board Co. of the District fell 10.6 percent, to $54.70.
And shares of BearingPoint of McLean fell 7.4 percent, to $2.27, after it said its net loss in 2007 widened, though it did say that it could return to profitability this year.
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