Market Overview

18 Biggest Mid-Day Losers For Thursday

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  • Infinera Corp. (NASDAQ: INFN) shares tumbled 34 percent to $8.26. Infinera posted better-than-expected Q2 results, but issued a weak demand outlook. The company’s CEO said '...demand is softening in certain areas of our business and we face a difficult near-term revenue outlook.'
  • Novocure Ltd (NASDAQ: NVCR) shares dropped 26 percent to $8.46. Novocure reported a Q2 loss of $0.48 per share on revenue of $17.919 million.
  • Socket Mobile, Inc. (NASDAQ: SCKT) declined 25.2 percent to $2.88. Socket Mobile reported Q2 earnings of $0.09 per share on revenue of $5.2 million.
  • Blucora Inc (NASDAQ: BCOR) fell 21.5 percent to $10.19. Blucora reported Q2 adjusted earnings of $0.55 per share on revenue of $120.1 million. The company projects FY16 earnings of $0.84 to $0.96 per share, on sales of $440.5 million to $451.5 million.
  • GNC Holdings Inc (NYSE: GNC) shares tumbled 20.7 percent to $21.58. GNC reported better-than-expected Q2 results and announced that its CEO Mike Archbold is leaving the company. The company also suspended its earnings guidance for FY16.
  • Triumph Group Inc (NYSE: TGI) fell 20.4 percent to $31.30. Triumph Group reported FQ1 net income of $19.7 million on revenue of $893.3 million.
  • Roadrunner Transportation Systems Inc (NYSE: RRTS) shares tumbled 19.6 percent to $7.23. Roadrunner Transportation reported Q2 earnings of $0.05 per share on revenue of $483.4 million. The company also slashed its FY16 earnings outlook.
  • LivePerson, Inc. (NASDAQ: LPSN) declined 18.4 percent to $6.38 after the company posted a wider-than-expected Q2 loss.
  • Wi-LAN Inc (NASDAQ: WILN) fell 17.4 percent to $2.13. Wi-Lan reported a Q2 loss of $3.2 million on revenue of $16 million.
  • Argos Therapeutics Inc (NASDAQ: ARGS) shares dropped 17 percent to $5.36 after the company reported a proposed public offering of common stock and warrants.
  • Timkensteel Corp (NYSE: TMST) slipped 16.8 percent to $9.89. TimkenSteel reported a Q2 loss of $0.24 per share on revenue of $223.1 million.
  • Rent-A-Center Inc (NASDAQ: RCII) shares declined 16.4 percent to $11.09 after the company posted downbeat quarterly earnings and issued a weak FY16 earnings forecast.
  • World Acceptance Corp. (NASDAQ: WRLD) fell 16.3 percent to $46.03. World Acceptance reported Q1 earnings of $1.89 per share on revenue of $127.1 million.
  • SunCoke Energy Inc (NYSE: SXC) dropped 12.2 percent to $7.03. SunCoke Energy posted a wider-than-expected quarterly loss.
  • Proto Labs Inc (NYSE: PRLB) shares fell 11.7 percent to $54.15. Proto Labs reported Q2 adjusted earnings of $0.45 per share on sales of $75 million.
  • Ford Motor Company (NYSE: F) shares fell 9.7 percent to $12.51 after the company reported weaker-than-expected earnings for the second quarter.
  • Whole Foods Market, Inc. (NASDAQ: WFM) shares dropped 9.7 percent to $30.37. Whole Foods posted in-line earnings for its recent quarter, but the company issued a weak earnings forecast for the fourth quarter.
  • Whiting Petroleum Corp (NYSE: WLL) shares fell 6.7 percent to $6.86 after the company posted a wider-than-expected quarterly loss.

Posted-In: Mid-Day LosersNews Movers & Shakers Intraday Update Markets

 

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