Market Overview

18 Biggest Mid-Day Losers For Tuesday

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  • Cobalt International Energy, Inc. (NYSE: CIE) shares tumbled 26 percent to $1.00. Cobalt International Energy reported a wider loss for the second quarter.
  • Endurance International Group Hldgs Inc (NASDAQ: EIGI) dropped 24.6 percent to $6.79 after the company posted weak results for the second quarter.
  • Medallion Financial Corp (NASDAQ: MFIN) shares fell 24.4 percent to $6.13. Medallion Financial reported Q2 earnings of $0.19 on revenue of $2.5 million.
  • Dataram Corp (NASDAQ: DRAM) shares declined 19 percent to $1.31. Dataram reported a Q4 loss of $0.42 per share on revenue of $5.189 million.
  • Olympic Steel, Inc. (NASDAQ: ZEUS) dropped 18.8 percent to $23.08. Olympic Steel posted Q2 net income of $0.32 per share on revenue of $273.6 million.
  • Inteliquent Inc (NASDAQ: IQNT) declined 15.4 percent to $17.68 as the company reported downbeat Q2 earnings and lowered its FY16 forecast.
  • Petroquest Energy Inc (NYSE: PQ) shares fell 14.5 percent to $2.53. PetroQuest reported a Q2 net loss of $1.38 per share on revenue of $15.82 million.
  • T2 Biosystems Inc (NASDAQ: TTOO) shares dropped 14 percent to $6.05 following weak Q2 results. T2 Biosystems reported a Q2 loss of $0.58 per share on revenue of $990,000.
  • Texas Roadhouse Inc (NASDAQ: TXRH) shares fell 11 percent to $42.48. Texas Roadhouse posted better-than-expected earnings for second quarter, but the company missed on sales estimates.
  • Integrated Device Technology Inc (NASDAQ: IDTI) shares dropped 9.6 percent to $20.07 even though Q1 EPS of $0.36 were in-line with estimates, and revenue of $192.1 million, up 19.4 percent year-over-year, was $1.04 million larger than expected.
  • FreightCar America, Inc. (NASDAQ: RAIL) shares fell 9.6 percent to $13.52. FreightCar America reported a Q2 loss of $0.04 per share on revenue of $126.2 million.
  • Kopin Corporation (NASDAQ: KOPN) shares dropped 8.2 percent to $2.14. Kopin reported a Q2 net loss of $0.05 per share on revenue of $4.4 million.
  • GasLog Partners LP (NYSE: GLOP) shares declined 7.8 percent to $19.36. GasLog Partns reported an offering of 2.75 million common units.
  • Frontier Communications Corp (NASDAQ: FTR) shares dropped 7.5 percent to $4.70 after the company posted a wider-than-expected quarterly loss and narrowed its FY16 outlook.
  • AngioDynamics, Inc. (NASDAQ: ANGO) dropped 6.2 percent to $15.50. AngioDynamics reported a secondary offering of 2.25 million shares of common stock by selling stockholders.
  • Seagate Technology PLC (NASDAQ: STX) fell 5.8 percent to $13.52. Seagate repored better-than-expected quarterly earnings.
  • Allot Communications Ltd (NASDAQ: ALLT) fell 5 percent to $4.64 following Q2 results. On a non-GAAP basis, Allot Communications posted quarterly net profit of $0.01 per share and revenue of $23.0 million.
  • Tenet Healthcare Corp (NYSE: THC) fell 2.8 percent to $28.05 after the company reported weaker-than-expected earnings for the second quarter and issued a downbeat earnings forecast for the current quarter.

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

 

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