Market Overview

12 Biggest Mid-Day Losers For Friday

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  • Ocean Rig UDW Inc. (NASDAQ: ORIG) shares tumbled 54.4 percent to $0.985. Ocean Rig reported Q2 EPS $1.83 versus estimates of $0.72. Sales were $452.6 million versus estimates of $376.45 million. During the call, Chairman and CEO George Economou assured the company will focus on de-leveraging and maintaining liquidity, amidst “extremely negative” market conditions.
  • Concordia International Corp (NASDAQ: CXRX) shares dipped 26.3 percent to $12.06 as the company announced second quarter earnings that missed the estimates. Aside from that, the company slashed its forecast for the full year and suspended dividend.
  • Xtera Communications Inc (NASDAQ: XCOM) declined 21.3 percent to $0.890. Xtera Communications reported a Q3 loss of $1.35 per share on revenue of $5.3 million.
  • Superior Drilling Products, Inc. (NYSE: SDPI) shares fell 14.9 percent to $1.20. Superior Drilling Products reported a Q2 loss of $0.18 per share, on revenue of $1.114 billion.
  • Aethlon Medical, Inc. (NASDAQ: AEMD) shares dropped 12.9 percent to $6.59. Aethlon Medical reported a Q1 loss of $0.28 per share, versus a year-ago loss of $0.18 per share.
  • Ruby Tuesday, Inc. (NYSE: RT) shares declined 12.7 percent to $3.26 as the company posted weaker-than-expected earnings for its fourth quarter and announced plans to close around 95 underperforming restaurants.
  • Crossroads Capital Inc (NASDAQ: XRDC) fell 11.8 percent to $2.06 as the company reported the filing of its quarterly report on Form 10-Q.
  • Voxeljet AG (ADR) (NYSE: VJET) shares dropped 10.8 percent to $4.42. voxeljet reported a Q2 loss of EUR 0.46 per share on sales of kEUR 6,296. The company also lowered its full year 2016 revenue outlook.
  • Applied DNA Sciences Inc (NASDAQ: APDN) shares fell 9.7 percent to $2.77. Applied DNA Sciences reported a Q3 loss of $0.14 per share on revenue of $653,000.
  • Payment Data Systems, Inc. (NASDAQ: PYDS) declined 9.4 percent to $1.54. Payment Data Systems reported a Q2 loss of $0.05 per share on revenue of $2.9 million.
  • Pernix Therapeutics Holdings Inc (NASDAQ: PTX) fell 8 percent to $0.700. Pernix Therapeutics reported a Q2 loss of $0.47 per share on revenue of $36.746 million. Brean Capital downgraded Pernix Therapeutics from Buy to Hold.
  • Amedica Corporation (NASDAQ: AMDA) shares dropped 8 percent to $0.690. Amedica reported a Q2 loss of $0.40 per share on revenue of $4.02 million.
 

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