- DryShips Inc. 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 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 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 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. LCI shares slipped 16 percent to $22.85 after reporting downbeat Q3 results.
- Potbelly Corp 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. 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 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 NANO dropped 14.7 percent to $27.21 after the company posted weak quarterly results.
- Groupon Inc GRPN fell 14 percent to $3.44. Groupon posted upbeat quarterly earnings, but sales missed estimates.
- Key Tronic Corporation 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 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 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. CRAY declined 8 percent to $17.08 after the company posted a wider-than-expected quarterly loss.
- Oclaro, Inc. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: NewsMovers & ShakersIntraday UpdateMarketsAnalyst RatingsInformation TechnologyMid-Day LosersSemiconductor EquipmentTop Losers
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
