Notable First Hour Stock Losers (HOTT, CSUN, SKIL, WG, JTX)
Notable Stock Losers.
(EMAILWIRE.COM, March 11, 2010 ) Dallas, Tx - Dallas, Tx - China Sunergy Co., Ltd. (ADR) (NASDAQ:CSUN) fell 4.50% to $4.09 after China Sunergy reported today a fourth quarter revenues increased 125.9% on a year-over-year basis, and 21.8% sequentially to $97.6 million.
You can subscribe to our Daily Stock Alerts by visiting: http://www.LiquidTycoon.com .
Hot Topic, Inc. (NASDAQ:HOTT) fell over 2% to $6.41 after the company forecast a first-quarter loss that could be wider than market estimates, partly as it expects comparable store sales to continue to fall. Hot Topic posted fourth-quarter net income of $8.0 million, or 18 cents a share, compared with $14.2 million, or 32 cents a share, a year ago. Sales at the company -- which sells Goth-inspired clothing, as well as music and accessories -- fell 10 percent to 214.2 million. Analysts were expecting earnings of 18 cents a share, before special items, on revenue of $214.6 million. For the first quarter, it expects to post a loss of 2 cents to 5 cents a share. Analysts expected a loss of 2 cents. It sees first-quarter sales of $161 million to $167 million, below analysts' average estimate of $167.1 million.
SkillSoft Public Limited Company (NASDAQ:SKIL) fell 4.90% to $10.71 after SkillSoft announced that on March 10, 2010 it received directions from the Irish High Court as to the convening of the Court Meeting in relation to the recommended acquisition of SkillSoft by SSI Investments III Limited, a company formed by funds sponsored by each of Berkshire Partners LLC, Advent International Corporation and Bain Capital Partners, LLC.
Willbros Group, Inc. (NYSE:WG) plunged over 10% to $13.54 after it reported Q4 loss of $0.21, versus the analyst estimate of ($0.15), and a loss of $0.41 for the same period last year. Revenue for the quarter was $173.88 million, which compares to the estimate of $174.35 million.
Jackson Hewitt Tax Service Inc. (NYSE:JTX) fell over 8% to $2.28 after the company posted a third-quarter profit of 46 cents a share, which was 2 cents below the Thomson Reuters average estimate. Revenue of $79.1 million was down 19% from a year ago and was below the $83.4 million consensus target. "For the full 2010 tax season, we believe our total tax returns prepared versus the 2009 tax season will be down in the range of 17% to 19%, with revenue per tax return growth anticipated to be 1% to 2% and net income in the area of breakeven, or modestly positive, ex-items vs. the $0.37 consensus," the company said in its release.
About http://www.LiquidTycoon.com
Liquid Tycoon provides stock news alerts for the investors. Many of our members have gained thousands of dollars using our stock market investment news. We also provide information on penny stocks. We send our members, stock newsletter on hot stocks, stocks in focus, technical stocks, stocks to watch etc. You can also feature your business on our website by contacting us at the email given here.
###
Press release service and press release distribution by EmailWire.Com for public traded companies on NASDAQ, NYSE, AMEX, OTC, TMX, CNSX and Pink Sheets Stock Exchanges - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
You can subscribe to our Daily Stock Alerts by visiting: http://www.LiquidTycoon.com .
Hot Topic, Inc. (NASDAQ:HOTT) fell over 2% to $6.41 after the company forecast a first-quarter loss that could be wider than market estimates, partly as it expects comparable store sales to continue to fall. Hot Topic posted fourth-quarter net income of $8.0 million, or 18 cents a share, compared with $14.2 million, or 32 cents a share, a year ago. Sales at the company -- which sells Goth-inspired clothing, as well as music and accessories -- fell 10 percent to 214.2 million. Analysts were expecting earnings of 18 cents a share, before special items, on revenue of $214.6 million. For the first quarter, it expects to post a loss of 2 cents to 5 cents a share. Analysts expected a loss of 2 cents. It sees first-quarter sales of $161 million to $167 million, below analysts' average estimate of $167.1 million.
SkillSoft Public Limited Company (NASDAQ:SKIL) fell 4.90% to $10.71 after SkillSoft announced that on March 10, 2010 it received directions from the Irish High Court as to the convening of the Court Meeting in relation to the recommended acquisition of SkillSoft by SSI Investments III Limited, a company formed by funds sponsored by each of Berkshire Partners LLC, Advent International Corporation and Bain Capital Partners, LLC.
Willbros Group, Inc. (NYSE:WG) plunged over 10% to $13.54 after it reported Q4 loss of $0.21, versus the analyst estimate of ($0.15), and a loss of $0.41 for the same period last year. Revenue for the quarter was $173.88 million, which compares to the estimate of $174.35 million.
Jackson Hewitt Tax Service Inc. (NYSE:JTX) fell over 8% to $2.28 after the company posted a third-quarter profit of 46 cents a share, which was 2 cents below the Thomson Reuters average estimate. Revenue of $79.1 million was down 19% from a year ago and was below the $83.4 million consensus target. "For the full 2010 tax season, we believe our total tax returns prepared versus the 2009 tax season will be down in the range of 17% to 19%, with revenue per tax return growth anticipated to be 1% to 2% and net income in the area of breakeven, or modestly positive, ex-items vs. the $0.37 consensus," the company said in its release.
About http://www.LiquidTycoon.com
Liquid Tycoon provides stock news alerts for the investors. Many of our members have gained thousands of dollars using our stock market investment news. We also provide information on penny stocks. We send our members, stock newsletter on hot stocks, stocks in focus, technical stocks, stocks to watch etc. You can also feature your business on our website by contacting us at the email given here.
###
Press release service and press release distribution by EmailWire.Com for public traded companies on NASDAQ, NYSE, AMEX, OTC, TMX, CNSX and Pink Sheets Stock Exchanges - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
Contact Information:
Liquid Tycoon
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Liquid Tycoon
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |