18 Biggest Mid-Day Losers For Tuesday

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  • Neovasc Inc (US) NVCN shares tumbled 35.4 percent to $0.659 as the company announced an update in litigation with CardiAQ. Neovasc will pay $91 million in damages.
  • Instructure Inc INST dropped 24.2 percent to $19.30. Instructure reported a Q3 loss of $0.34 per share on revenue of $30.14 million. The company also issued a weak forecast.
  • Brookdale Senior Living, Inc. BKD shares declined 21.6 percent to $11.32. Brookdale Senior Living reported a Q3 loss of $51.7 million.
  • P H Glatfelter Co GLT shares fell 19.2 percent to $17.95 after the company posted weak Q3 results.
  • Pitney Bowes Inc. PBI shares declined 18.7 percent to $14.51 after the company posted weaker-than-expected Q3 earnings.
  • tronc Inc TRNC shares fell 17.2 percent to $9.97 after Gannett Co Inc GCI dropped its bid to acquire the company.
  • MarineMax Inc HZO declined 17 percent to $16.55 after the company posted downbeat quarterly earnings.
  • Douglas Dynamics Inc PLOW fell 14.8 percent to $27.35 on downbeat Q3 results.
  • Luminex Corporation LMNX dropped 14.5 percent to $17.81 after the company posted weaker-than-expected Q3 earnings.
  • Sterling Construction Company, Inc. STRL declined 14.6 percent to $6.22. Sterling Construction reported Q3 earnings of $0.10 per share on revenue of $205.6 million.
  • Adeptus Health Inc ADPT fell 12.9 percent to $26.24. Adeptus Health disclosed that it is rescheduling its Q3 earnings to after the market close today.
  • L Brands Inc LB shares dropped 8.9 percent to $65.75 after the company lowered its earnings outlook for the third quarter.
  • FreightCar America, Inc. RAIL declined 8.2 percent to $11.99. Freightcar America reported Q3 net income of $51,000 on revenue of $113.5 million.
  • Surgical Care Affiliates Inc SCAI fell 5.4 percent to $40.49. Surgical Care Affiliates reported a Q3 profit of $13.3 million on revenue of $322.8 million.
  • IDEXX Laboratories, Inc. IDXX fell 3.5 percent to $103.37. Idexx Laboratories reported a Q3 profit of $56.5 million on revenue of $448.3 million.
  • Level 3 Communications, Inc. LVLT dropped 3.3 percent to $54.32. BTIG Research and Goldman Sachs downgraded Level 3 Communications from Buy to Neutral. RBC Capital also downgraded the stock from Outperform to Sector Perform
  • Pfizer Inc. PFE declined 2.8 percent to $30.82 after the company delivered lower than expected earnings for the third quarter.
  • Shire PLC (ADR) SHPG shares fell 2.4 percent to $164.66. Shire reported a Q3 loss of $1.29 per share on sales of $3.452 billion and lowered its FY16 earnings outlook.
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