Tag - Arp

Geokinetics Inc. (Nasdaq:GOK), Fuel Systems Solutions Inc. (Nasdaq:FSYS) and VNUS Medical Technologies Inc. (Nasdaq:VNUS) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: MGIC Investment Corp. (Nasdaq:MTG), LMI Aerospace Inc. (Nasdaq:LMIA), Rosetta Resources  Inc. (Nasdaq:ROSE), Graham Corp. (Nasdaq:GHM), Central Pacific Financial Corp. (Nasdaq:CPF) and American Reprographics Co. (Nasdaq:ARP).

American Reprographics Co. (NYSE:ARP)  dropped nearly 14% in early trading after lowering its annual revenue and earnings forecast for 2008 due to “an increasingly volatile financial climate.”

Just after the market closed Thursday, the Walnut Creek, Calif.-based document management services provider said it currently expects to see revenue in the range of $700 million to $710 million, down from $720 million to $760 million, and earnings per share in the range of $1.36 to $1.40, down from $1.52 to $1.60.

Analysts polled by Thomson First Call were on average expecting American Reprographics to report revenue of $723 million on earnings of $1.53 per share.

The current upheaval in financial markets will further aggravate lending restrictions and force more construction project delays and cancellations, the company said, which will impact its revenues in the short term.

American Reprographics’s customers are in the architectural, engineering and construction (AEC) industry.

By late morning, American Reprographics is at $16.09, down 42.52 from Thursday’s close. The stock has traded as low as $13.49 and as high as $23 in the past year.

For detailed price information and news stories on American Reprographics, click ARP.

<strong>Perfumania Holdings Inc.</strong> (Nasdaq<a href="/ticker/perf">:PERF</a>),<strong> FirstFed Financial Corp.</strong> (Nasdaq:<a href="/ticker/fed">FED</a>) and <strong>Orthofix International NV</strong> (Nasdaq:<a href="/ticker/ofix">OFIX</a>) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.<br /> <br /> Also included among the results:<strong> Savient Pharmaceuticals Inc.</strong> (Nasdaq:<a href="/ticker/svnt">SVNT</a>), <strong>Echelon Corp</strong>. (Nasdaq:<a href="/ticker/elon">ELON</a>), <strong>Excel Maritime Carriers Ltd. </strong>(Nasdaq:<a href="/ticker/exm">EXM</a>), <strong>Frontier Financial Corp.</strong> (Nasdaq:<a href="/ticker/ftbk">FTBK</a>), <strong>Consolidated Water Co Ltd. </strong>(Nasdaq:<a href="/ticker/cwco">CWCO</a>) and <strong>American Reprographics Co. </strong>(Nasdaq:<a href="/ticker/arp">ARP</a>).<br /> <br /> Here are the biggest percentage losers among small caps:

Small-cap stocks opened lower, succumbing to a series of bad news events overnight, including massive quarterly losses at insurance firm American Insurance Group (NYSE:AIG), disappointing sales at discount giant Wal-Mart Stores Inc. (NYSE:WMT), a bounce in crude oil prices and sobering economic data on the jobs front. At 10:03 a.m. ET, the Russell 2000 (NYSE:IWM) was down 6.09, or 0.84% at 719.80.

The market was already on the defensive ahead of the weekly claims report this morning and when unemployment filings topped the forecast, it generated another leg down in futures ahead of the regular opening. Weekly claims were pegged at 455,000, which marked the largest weekly figure since March 2002. What’s more, the number was well above the forecast of 420,000 and simply adds another layer to ongoing concerns about the labor market. The continuing claims number rose to a fresh cycle high at 3.311 million. The Labor Department said that claims were goosed by a program to extend benefits, but it’s not exactly like the people who need an extension have found a job yet.

“Continuing claims, which are inversely related to job creation, jumped this week to their highest level since December 2003,” Steven Wood, chief economist with Insight Economics, said in an email. “This is an indication that hiring has weakened,” he said.

The pending home sales report, which came out at 10:00 a.m. ET, was up 5.3% and appeared to have limited impact on the market. Even with a gain during June, the number was still down 12% from last year...