Tuesday's Biggest Stock Decliners
Apria Healthcare (NYSE:AHG - News) shares slipped Tuesday after the company was downgraded to reduce from neutral at UBS.
ExpressJet (NYSE:XJT - News) was initiated at Prudential with an underweight rating and a $3 price target.
Frozen Food Express Industries Inc. (NasdaqGM:FFEX - News) shares fell after the Dallas-based perishable goods carrier reported fourth-quarter net earnings of $4.32 million, or 24 cents a share, down from $6.36 million, or 34 cents a share, in the year-ago period. Revenue fell to $113.5 million from $141.9 million.
InfoSonics Corp. (NasdaqGM:IFON - News) shares fell after the San Diego-based distributor of wireless handsets reported fourth-quarter net earnings of $560,958, or 4 cents a share, down from $811,179, or 6 cents a share, in the same quarter a year ago. Revenue rose 74.1% to $60.9 million from $35 million.
InterMune Inc. (NasdaqGM:ITMN - News) shares plummeted Tuesday, as investors bailed out of the biopharmaceutical company's stock after management said a key late-stage study for pulmonary drug Actimmune would be discontinued.
Medical Staffing Network Holdings Inc. (NYSE:MRN - News) reported a fourth-quarter net loss of $24.8 million, or 82 cents a share, compared with a net loss of $292,000, or a penny a share, in the year-ago period. The fourth-quarter 2006 results included a pretax non-cash goodwill impairment charge of $28.6 million. Revenue at the Boca Raton, Fla.-based healthcare staffing company rose to $99.5 million from $97.7 million.
Volt Information Sciences Inc. (NYSE:VOL - News) swung to a fiscal first-quarter profit as the company sought to control general and administrative expenses, including workers' compensation and insurance costs. The New York staffing company said Tuesday that net income for the quarter ended Jan. 28 was $727,000, or 3 cents a share, compared with a loss of $377,000, or 2 cents a share, a year earlier. The year-earlier quarter included a $1.02 million charge for a minority interest. Revenue fell slightly to $548.8 million from $549.5 million.
Published By MarketWatch
ExpressJet (NYSE:XJT - News) was initiated at Prudential with an underweight rating and a $3 price target.
Frozen Food Express Industries Inc. (NasdaqGM:FFEX - News) shares fell after the Dallas-based perishable goods carrier reported fourth-quarter net earnings of $4.32 million, or 24 cents a share, down from $6.36 million, or 34 cents a share, in the year-ago period. Revenue fell to $113.5 million from $141.9 million.
InfoSonics Corp. (NasdaqGM:IFON - News) shares fell after the San Diego-based distributor of wireless handsets reported fourth-quarter net earnings of $560,958, or 4 cents a share, down from $811,179, or 6 cents a share, in the same quarter a year ago. Revenue rose 74.1% to $60.9 million from $35 million.
InterMune Inc. (NasdaqGM:ITMN - News) shares plummeted Tuesday, as investors bailed out of the biopharmaceutical company's stock after management said a key late-stage study for pulmonary drug Actimmune would be discontinued.
Medical Staffing Network Holdings Inc. (NYSE:MRN - News) reported a fourth-quarter net loss of $24.8 million, or 82 cents a share, compared with a net loss of $292,000, or a penny a share, in the year-ago period. The fourth-quarter 2006 results included a pretax non-cash goodwill impairment charge of $28.6 million. Revenue at the Boca Raton, Fla.-based healthcare staffing company rose to $99.5 million from $97.7 million.
Volt Information Sciences Inc. (NYSE:VOL - News) swung to a fiscal first-quarter profit as the company sought to control general and administrative expenses, including workers' compensation and insurance costs. The New York staffing company said Tuesday that net income for the quarter ended Jan. 28 was $727,000, or 3 cents a share, compared with a loss of $377,000, or 2 cents a share, a year earlier. The year-earlier quarter included a $1.02 million charge for a minority interest. Revenue fell slightly to $548.8 million from $549.5 million.
Published By MarketWatch
posted by Stock Administrator @ 5:10 PM
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