Morning Market Losers (MIPS, SFN, TOF, MRCY)
MIPS Technologies Inc (NASDAQ: MIPS) shares lost 20.60% to $8.48 at 9:55 am. MIPS reported weaker-than-expected Q3 results.
SFN Group Inc (NYSE: SFN) fell 14.31% to $12.04. SFN reported an 8.1% y/y rise in its Q1 revenue.
Tofutti Brands Inc (AMEX: TOF) dropped 14.07% to $2.32. TOF's net sales for the fiscal year ended January 1, 2011 declined 5%.
Mercury Computer Systems Inc (NASDAQ: MRCY) shares dipped 12.69% to $18.64. MRCY reported its FQ3 revenue at $59.9 million, a rise of $16.3 million from the third quarter of the prior fiscal year.
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