Los Angeles Business Journal

The Week’s Big Movers

By Deborah Crowe Friday, May 4, 2012

The Los Angeles Business Journal’s index of largest local public companies closed down for the week, as worries about private-sector hiring trends triggered a late-week decline.

The weighted LABJ Stock Index closed down 3.4 percent to 127.94 for the week ended May 4. Decliners outpaced gainers 108 to 58, with 9 companies unchanged.

Much of the movement was related to quarterly earnings reports. Among the largest decliners was Herbalife Ltd., sliding 35 percent to $46.94. Despite reporting a record first quarter, shares of the Los Angeles nutritional supplement marketing company fell after an investor questioned the company’s disclosure practices during a conference call.

ValueClick Inc. fell 20.9 percent to $16.69. The Westlake Village Internet-advertising company forecast second-quarter revenue that fell below analysts’ estimates.

K-Swiss Inc. dropped 18 percent to $18.04. The Westlake Village shoemaker reported a smaller first-quarter loss, but provided a full-year sales projection below the Wall Street consensus.

Among the biggest gainers was Demand Media Inc., which jumped nearly 20 percent to $8.36. The Santa Monica operators of specialty information web sites benefited from an analyst’s upgrade.

U.S. Auto Parts Network Inc. rose 17 percent to $3.71. Shares rose in advance of the Carson retailer of automotive aftermarket parts’ scheduled first quarter report on Tuesday.

Physicians Formula Holdings Inc. rose 16 percent to $3.79. The Azuza cosmetics company reported first-quarter profit that significantly beat analysts’ expectations, and raised its full-year guidance.