Tuesday's Biggest Decliners
Applied Signal Technology Inc. (NASDAQ:APSG - News) shares fell 15% Tuesday after the company late Monday reported fourth-quarter net income fell to 5 cents a share from 26 cents in the year-earlier period.
Shares in drug giant AstraZeneca (NYSE:AZN - News) slid 3.5% on news that a key patent protecting its top-selling antacid drug Nexium had been shot down by European regulators.
Shares in Circuit City Stores Inc. (NYSE:CC - News) fell 17% after the company reported a surprise third-quarter loss, hurt by price cuts on flat-panel televisions and other consumer electronics that eroded margins.
Delta Air Lines (Other OTC:DALRQ.PK - News) shares dropped 6.1% after the company filed a reorganization plan that valued its business at $9.4 billion to $12 billion, richer than the $8.4 billion merger offer from U.S. Airways Group (NYSE:LCC - News), which it formally rejected.
Fuelcell Energy Inc. (NASDAQ:FCEL - News) shares fell 5% after the company said its fourth-quarter net loss available to shareholders widened to $25.1 million, or 47 cents a share, compared with a net loss of $19.5 million, or 40 cents a share, in the same period last year, mainly due to higher product sales and costs. The Danbury, Conn.-based manufacturer of electric power generation plants said revenue rose 14.7% to $9.13 million from $7.96 million. Analysts polled by Thomson First Call had expected a per-share loss of 35 cents, on revenue of $9 million.
Luby's Inc. (NYSE:LUB - News) shares dropped 4.6% after the Houston-based restaurant operator reported fiscal first-quarter net income of $1.92 million, or 7 cents a share, down from $2.22 million, or 12 cents a share, in the year-ago period. Revenue in the quarter ended Nov. 22 rose slightly, to $73.7 million from $72.6 million, while same-store sales increased 1.7%. Analysts polled by Thomson First Call had forecast a per-share profit of 8 cents.
Nasdaq Stock Market Inc. (NASDAQ:NDAQ - News) shares fell 5.5% after the London Stock Exchange on Tuesday again rebuffed its takeover bid.
Ness Technologies Inc. (NASDAQ:NSTC - News) shares fell 5.6% after the Hackensack, N.J.-based IT services provider said it has agreed to acquire Selesta Espana S.A.U. for 6.25 million euros ($8.2 million). Selesta Espana is a privately held IT software distribution and systems integration company based in Spain. Ness said the deal includes an additional 3.75 million euros to be paid over the next two years based on the achievement of certain performance goals.
Oracle (NASDAQ:ORCL - News) shares sank 4.5% after the company reported fiscal second-quarter sales of new software licenses were less than expected, stoking concerns over the pace of future revenue growth.
Physicians Formula Holdings Inc. (NASDAQ:FACE - News) shares fell 5.2% after the company reported third-quarter net income fell to $223,000 from $589,000 in the year-earlier period.
PSS World Medical Inc. (NASDAQ:PSSI - News) shares dropped 5.8% after the company said it has authorized the repurchase of up to 5% of its outstanding common stock, or roughly 3.4 million shares. As of Sept. 29, the company had around 67.7 million outstanding shares. Jacksonville, Fla.-based PSS World Medical is a distributor of medical products to physicians and elder care providers. The company's shares fell 3.9% to $19.82 in Tuesday morning trade.
Tuesday Morning Corp. (NASDAQ:TUES - News) shares fell 11% after the Dallas-based home accessories retailer revised its 2006 forecast. The company now expects earnings of 78 cents to 84 cents a share on revenue of $905 to $915 million. Same-store sales are expected to fall 7.7% to 8.7% in 2006.
-Marketwatch
Shares in drug giant AstraZeneca (NYSE:AZN - News) slid 3.5% on news that a key patent protecting its top-selling antacid drug Nexium had been shot down by European regulators.
Shares in Circuit City Stores Inc. (NYSE:CC - News) fell 17% after the company reported a surprise third-quarter loss, hurt by price cuts on flat-panel televisions and other consumer electronics that eroded margins.
Delta Air Lines (Other OTC:DALRQ.PK - News) shares dropped 6.1% after the company filed a reorganization plan that valued its business at $9.4 billion to $12 billion, richer than the $8.4 billion merger offer from U.S. Airways Group (NYSE:LCC - News), which it formally rejected.
Fuelcell Energy Inc. (NASDAQ:FCEL - News) shares fell 5% after the company said its fourth-quarter net loss available to shareholders widened to $25.1 million, or 47 cents a share, compared with a net loss of $19.5 million, or 40 cents a share, in the same period last year, mainly due to higher product sales and costs. The Danbury, Conn.-based manufacturer of electric power generation plants said revenue rose 14.7% to $9.13 million from $7.96 million. Analysts polled by Thomson First Call had expected a per-share loss of 35 cents, on revenue of $9 million.
Luby's Inc. (NYSE:LUB - News) shares dropped 4.6% after the Houston-based restaurant operator reported fiscal first-quarter net income of $1.92 million, or 7 cents a share, down from $2.22 million, or 12 cents a share, in the year-ago period. Revenue in the quarter ended Nov. 22 rose slightly, to $73.7 million from $72.6 million, while same-store sales increased 1.7%. Analysts polled by Thomson First Call had forecast a per-share profit of 8 cents.
Nasdaq Stock Market Inc. (NASDAQ:NDAQ - News) shares fell 5.5% after the London Stock Exchange on Tuesday again rebuffed its takeover bid.
Ness Technologies Inc. (NASDAQ:NSTC - News) shares fell 5.6% after the Hackensack, N.J.-based IT services provider said it has agreed to acquire Selesta Espana S.A.U. for 6.25 million euros ($8.2 million). Selesta Espana is a privately held IT software distribution and systems integration company based in Spain. Ness said the deal includes an additional 3.75 million euros to be paid over the next two years based on the achievement of certain performance goals.
Oracle (NASDAQ:ORCL - News) shares sank 4.5% after the company reported fiscal second-quarter sales of new software licenses were less than expected, stoking concerns over the pace of future revenue growth.
Physicians Formula Holdings Inc. (NASDAQ:FACE - News) shares fell 5.2% after the company reported third-quarter net income fell to $223,000 from $589,000 in the year-earlier period.
PSS World Medical Inc. (NASDAQ:PSSI - News) shares dropped 5.8% after the company said it has authorized the repurchase of up to 5% of its outstanding common stock, or roughly 3.4 million shares. As of Sept. 29, the company had around 67.7 million outstanding shares. Jacksonville, Fla.-based PSS World Medical is a distributor of medical products to physicians and elder care providers. The company's shares fell 3.9% to $19.82 in Tuesday morning trade.
Tuesday Morning Corp. (NASDAQ:TUES - News) shares fell 11% after the Dallas-based home accessories retailer revised its 2006 forecast. The company now expects earnings of 78 cents to 84 cents a share on revenue of $905 to $915 million. Same-store sales are expected to fall 7.7% to 8.7% in 2006.
-Marketwatch
Labels: APSG, AZN, CC, FACE, FCEL, LCC, LUB, NDAQ, NSTC, ORCL, PSSI, TUES
posted by Stock Administrator @ 7:53 PM
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