Wednesday, March 19, 2014

Morning Market Losers

Related RENN UPDATE: Morgan Stanley Reiterates on Renren Following 4Q13 Results Mid-Morning Market Update: Markets Edge Higher; FedEx Profit Misses Estimates Related CETV Benzinga's Top #PreMarket Losers Benzinga's Top #PreMarket Losers

Renren (NYSE: RENN) shares declined 9.42% to $3.42 after the company reported Q4 results. Renren expected Q1 sales of $23.0 million to 25.0 million, versus analysts' estimates of $30.20 million.

Central European Media Enterprises (NASDAQ: CETV) shares dropped 8.35% to $3.95 in pre-market trading after gaining 6.95% on Tuesday.

Orbitz Worldwide (NYSE: OWW) slipped 7.93% to $8.24 after Goldman Sachs downgraded the stock from Neutral to Sell.

Oracle (NYSE: ORCL) shares tumbled 3.44% to $37.51 after the company reported weaker-than-expected fiscal third-quarter earnings. Oracle's quarterly profit surged to $2.57 billion, or $0.56 per share, versus a year-ago profit of $2.5 billion, or $0.52 per share. Its revenue jumped to $9.31 billion versus $8.96 billion. Its adjusted profit came in at $0.68 per share.

Kandi Technolgies Group (NASDAQ: KNDI) shares tumbled 3.21% to $20.48 after the company entered into an agreement for registered direct placement of $11.05 million of common stock and warrants.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  Most Popular A Joint Venture: Two Marijuana Industry Leaders Plan to Produce Pharmaceutical Extractions 3 Reasons To Tap Into Home Equity To Buy Stocks Brin and Page Maintain Close Control of Google with Unconventional Stock Split iPhone 6 Rumors Coming At A Dizzying Pace General Electric Take Steps To Appease Investors Following Exectives Meeting With Activist Nelson Peltz FDIC Sues Big Banks For Rigging Interest Rates Related Articles (CETV + KNDI) Morning Market Losers Benzinga's Top #PreMarket Losers Top Trending Tickers On StockTwits For March 18 Benzinga's Top #PreMarket Losers Benzinga's Top #PreMarket Gainers Market Wrap For March 17: Investors Focused On Economic Data Instead Of Crimea Concerns Around the Web, We're Loving...

No comments:

Post a Comment