Astoria Financial, Quidel and JAKKS Pacific lead small-cap percentage losers
Astoria Financial Corp. (Nasdaq:AF), Quidel Corp. (Nasdaq:QDEL) and JAKKS Pacific Inc. (Nasdaq:JAKK) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Encore Wire Corp. (Nasdaq:WIRE), Omniture Inc. (Nasdaq:OMTR), CONMED Corp. (Nasdaq:CNMD), Benchmark Electronics Inc. (Nasdaq:BHE), Brown Shoe Company Inc. (Nasdaq:BWS) and Wesbanco Inc. (Nasdaq:WSBC).
TechTarget, Sturm Ruger & Co and Benchmark Electronics lead small-cap percentage losers
TechTarget Inc (Nasdaq:TTGT), Sturm Ruger & Co Inc (Nasdaq:RGR) and Benchmark Electronics Inc (Nasdaq:BHE) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: FirstFed Financial Corp (Nasdaq:FED), iStar Financial (Nasdaq:SFI), Gencor Industries Inc (Nasdaq:GENC), MKS Instruments Inc (Nasdaq:MKSI), Chipotle Mexican Grill (Nasdaq:CMG) and Consolidated Graphics Inc (Nasdaq:CGX). Here are the biggest percentage losers among small caps:
Benchmark Electronics tumbles on Q2 earnings, $100M share repurchase program
Contract manufacturing provider Benchmark Electronics Inc. (NYSE:BHE) has shed 23% in today’s trading after the company announced lower second-quarter earnings and a $100 million share repurchase plan. For the quarter ended June 30, net income was $22 million, or $0.33 per share, compared with $26 million, or $0.35 a share, for the same quarter a year ago. Sales were $682 million, versus $756 million for the period a year earlier.
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“Operationally our execution was solid during the second quarter, although revenues were impacted by maturing programs declining at a more rapid pace than our new programs ramped, and by the impact of a soft macro environment. We believe this is a near-term challenge and that we are well positioned for growth, given the number of new programs that we have won,” said CEO Cary T. Fu in a statement. Also ahead of the opening, the Angleton, Texas-based company said it was authorizing the repurchase of up to $100 million of its outstanding common shares. In today’s trading, shares are at $14.60 at 10:53 a.m. ET, down $4.42 from Wednesday’s close. Trading volume has soared well above 1 million shares. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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