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Friday's Big Losers: PCG, CMO, SWHC
Friday, September 10, 4:17 PM ET

Pacific Gas and Electric Company (NYSE:PCG) said its crews worked overnight to assess damage and restore service where possible, at the scene of Thursday's explosion and fire in San Bruno, California. PG&E said gas flow has been turned off at the damaged gas pipeline, which is being investigated by the National Transportation Safety Board. PG&E said it will cooperate fully and take all necessary steps to resolve any PG&E-related issues the investigation identifies. Shares of PG&E were trading off more than 6 and a half percent Friday; the stock had previously hit a 52 week high on Tuesday, and had been trading near that high on Thursday.

Shares of Capstead Mortgage Corporation (NYSE:CMO) fell more than 5% after the company announced a quarterly dividend of 26 cents, which came in ten cents below the prior quarter's dividend of 36 cents, and is less than half the amount the company paid in the same quarter last year.

Smith & Wesson (NASDAQ:SWHC) posted a quarterly profit of 10 cents per share, down from 21 cents in the same quarter last year. Analysts had been looking for earnings of 11 cents. Shares were off more than 8% to 3.63 per share, which compares to a 52 week high north of the 6 dollar mark set a year ago.

For MarketNewsVideo.com, I'm Kristin Bianco.

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