Market Overview

12 Biggest Mid-Day Losers For Thursday

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  • Essendant Inc (NASDAQ: ESND) shares declined 34.2 percent to $21.34. Essendant posted Q2 adjusted earnings of $0.55 per share on revenue of $1.35 billion.
  • Monotype Imaging Holdings Inc. (NASDAQ: TYPE) shares fell 27.8 percent to $18.00 as the company reported the intent to buy Olapic for around $130 million.
  • Sunshine Heart Inc (NASDAQ: SSH) dropped 25.9 percent to $1.00 after the company reported an agreement with single investor for offering of convertible preferred stock with proceeds of $3.46 million.
  • Ocean Power Technologies Inc (NASDAQ: OPTT) shares fell 24.2 percent to $10.56 as the company reported a proposed public offering of common stock and warrants.
  • F.N.B. Corp (NYSE: FNB) dropped 10.2 percent to $11.85. F.N.B reported Q2 earnings of $0.22 per share and announced plans to acquire Yadkin Financial Corp (NYSE: YDKN) for $27.35 per share.
  • Graco Inc. (NYSE: GGG) dropped 9.6 percent to $72.58 after the company posted downbeat Q2 results and lowered its FY16 outlook.
  • Southwest Airlines Co (NYSE: LUV) shares declined 9.1 percent to $38.23 after the company reported weaker-than-expected Q2 earnings and announced plans to buyback $250 million in common stock.
  • Mellanox Technologies, Ltd. (NASDAQ: MLNX) dropped 7.8 percent to $47.25. Mellanox reported Q2 earnings of $0.87 per share on revenue of $214.8 million.
  • Sherwin-Williams Co (NYSE: SHW) declined 7.8 percent to $287.50. Sherwin-Williams reported Q2 GAAP earnings of $3.99 per share on sales of $3.22 billion.
  • Blueknight Energy Partners L.P. (NASDAQ: BKEP) shares dropped 6.4 percent to $6.01. Blueknight Energy Partners reported a 3 million common units public offering. The company expects a Q2 net loss of $19 million to $18.6 million and adjusted EBITDA of $15.78 million to $15.91 million.
  • Select Comfort Corp. (NASDAQ: SCSS) shares dropped 5.2 percent to $22.28. Select Comfort reported upbeat quarterly earnings, but the company missed analysts’ sales estimates. The company also raised its buyback plan by $300 million.
  • Intel Corporation (NASDAQ: INTC) shares fell 4.4 percent to $34.10 after the company reported mixed results for its second quarter on Wednesday. The tech giant posted earnings of $0.59 per share, versus the Street’s consensus of $0.53 per share. However, revenue of $13.5 billion, fell short of estimates of $13.529 billion.
 

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