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Market Overview

Benzinga’s Top Pre-Market Losers (PSUN, ZUMZ, SWHC, CYTX)

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Pacific Sunwear of California, Inc. (NASDAQ: PSUN) decreased 13.22% to $4.99 in the pre-market session. Pacific Sunwear of California announced yesterday that for first quarter of 2010, it expects to report a GAAP net loss per share of $(0.50)-$(0.60). The 52-week trading range for PSUN is $1.12 - $7.25. Pacific Sunwear of California has gained over 9% in the last six months.

Zumiez Inc. (NASDAQ: ZUMZ) tumbled 10.12% to $18.20 in the pre-market session. Zumiez announced yesterday that for the first quarter of 2010, it expects net loss of approximately $0.09 to $0.11 per diluted share. ZUMZ closed at $20.25 in the last trading session. ZUMZ made a new 52 week high yesterday at $21.29.

Smith & Wesson Holding Corporation (NASDAQ: SWHC) declined 7.40% to $4.38 in the pre-market session. Smith & Wesson Holding reported yesterday a fiscal third-quarter profit of $2.4 million, or $0.04 per share, as compared to $2.4 million, or $0.05 per share, in the year-ago period. Revenue increased to $89.4 million from $83.7 million in the year ago period. The 52-week trading range for SWHC is $3.83 - $7.52. Smith & Wesson Holding has climbed over 6% in the last year.

Cytori Therapeutics Inc. (USA) (NASDAQ: CYTX) fell 6% to $7.05 in the pre-market session. Cytori Therapeutics reported a fourth-quarter net loss of $9.49 million or $0.24 per share, from $6.53 million or $0.22 per share for the same quarter last year. Total revenues were $2.9 million, as compared to $2.2 million in the year ago period. CYTX closed at $7.50 in the last trading session. In the last six months, CYTX has surged over 106%.

 

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