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Morning Market Losers

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Adept Technology (NASDAQ: ADEP) shares tumbled 20.21% to $8.88 after the company reported a FQ4 loss of $0.03 per share on revenue of $14.3 million. However, analysts were projecting earnings of $0.02 per share on revenue of $16.2 million.

Xueda Education Group (NYSE: XUE) shares fell 19.22% to $3.74 after the company reported Q2 results. The company reported earnings of $0.27 per share on revenue of $120.80 million.

Doral Financial (NYSE: DRL) shares dropped 18.55% to $6.81 on a report that the company and Puerto Rico Treasury Department failed to reach an agreement.

iKang Healthcare Group (NASDAQ: KANG) shares slipped 8.52% to $20.72 after the company reported downbeat quarterly earnings.

Trina Solar (NYSE: TSL) shares declined 8.38% to $12.25after the company reported downbeat sales for the second quarter.

Sanderson Farms (NASDAQ: SAFM) shares fell 5.91% to $89.50 after the company reported weaker-than-expected profit for its fiscal third quarter.

Best Buy Co (NYSE: BBY) dropped 3.99% to $30.72 after the company reported downbeat revenue for the second quarter.

Prospect Capital (NASDAQ: PSEC) shares declined 3.17% to $10.63 on Q4 results. Prospect Capital reported Q4 EPS of $0.25.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

 

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