Morning Market Losers
LTX-Credence Corporation (NASDAQ: LTXC) fell 16.94% to $5.49 at 9:50 am. LTXC reported a 12% drop in its fiscal fourth-quarter earnings and issued a downbeat forecast for its first fiscal quarter.
CardioNet Inc (NASDAQ: BEAT) shares lost 16.45% to $3.15. Analysts at Roth Capital lowered price target on CardioNet from $7.50 to $4.
Concurrent Computer Corporation (NASDAQ: CCUR) dropped 15.50% to $5.20. CCUR reported a Q4 net loss of $1.4 million, versus net income of $886,000, in the year-ago period.
OMNOVA Solutions Inc (NYSE: OMN) shares dipped 13.88% to $4.22. OMNOVA now projects adjusted diluted earnings per share for the fiscal year to be between $0.40 and $0.44, versus its earlier forecast of around $0.60.
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