Market Overview

15 Biggest Mid-Day Losers For Wednesday

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  • DryShips Inc. (NASDAQ: DRYS) shares tumbled 35.3 percent to $0.686. DryShips reported a 1-for-7 stock split. The company is expected to release Q1 results on May 10, 2017.
  • Twilio Inc (NYSE: TWLO) shares dipped 27 percent to $24.78. Twilio posted better-than-expected results for its first quarter, but issued a weak forecast for the year.
  • Veritiv Corp (NYSE: VRTV) shares fell 21 percent to $41.85. Veritiv reported a Q1 loss of $2.2 million, versus a profit in the year-ago period.
  • Inphi Corporation (NYSE: IPHI) shares dropped 17.1 percent to $33.59. Inphi posted in-line Q1 earnings, but issued a weak forecast for the current quarter.
  • Lannett Company, Inc. (NYSE: LCI) shares slipped 16 percent to $22.85 after reporting downbeat Q3 results.
  • Potbelly Corp (NASDAQ: PBPB) shares fell 15.9 percent to $11.65. Potbelly posted in-line quarterly earnings, while sales missed estimates. The company also issued a weak earnings forecast for FY17. William Blair downgraded Potbelly from Outperform to Market Perform.
  • Akamai Technologies, Inc. (NASDAQ: AKAM) shares declined 15.5 percent to $52.85. Akamai posted upbeat quarterly results, but issued a weak sales forecast for the current quarter. Wells Fargo downgraded Akamai Technologies from Outperform to Market Perform, while SunTrust Robinson Humphrey downgraded the stock from Buy to Hold.
  • Bojangles Inc (NASDAQ: BOJA) fell 15.2 percent to $18.65. Bojangles posted upbeat Q1 earnings, but sales missed expectations. The company also issued disappointing forecast for FY17.
  • Nanometrics Incorporated (NASDAQ: NANO) dropped 14.7 percent to $27.21 after the company posted weak quarterly results.
  • Groupon Inc (NASDAQ: GRPN) fell 14 percent to $3.44. Groupon posted upbeat quarterly earnings, but sales missed estimates.
  • Key Tronic Corporation (NASDAQ: KTCC) declined 12.2 percent to $6.81. Key Tronic reported Q3 earnings of $0.09 per share on revenue of $113.6 million. Key Tronic expects Q4 earnings of $0.10 to $0.15 per share, on sales of $112 million to $117 million.
  • Etsy Inc (NASDAQ: ETSY) shares dropped 11.9 percent to $10.04 after the company posted downbeat Q1 earnings and announced plans to cut 8 percent of its workforce.. The company also announced that its CEO Chad Dickerson would step down.
  • Frontier Communications Corp (NASDAQ: FTR) shares slipped 10.6 percent to $1.73 after the company reported a wider-than-expected quarterly loss. UBS downgraded Frontier Communications from Buy to Neutral, while Cowen downgraded the stock from Outperform to Market Perform.
  • Cray Inc. (NASDAQ: CRAY) declined 8 percent to $17.08 after the company posted a wider-than-expected quarterly loss.
  • Oclaro, Inc. (NASDAQ: OCLR) shares dropped 5.5 percent to $7.74. Oclaro posted better-than-expected Q3 results, but issued a weak sales forecast for the current quarter.

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

 

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