Viad, CardioNet and Timberland lead small-cap percentage losers
Viad Corp. (Nasdaq:VVI), CardioNet Inc. (Nasdaq:BEAT) and Timberland Co. (Nasdaq:TBL) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Susser Holdings Corp. (Nasdaq:SUSS), GigaMedia Ltd. (Nasdaq:GIGM), Intermec Inc. (Nasdaq:IN), Ambassadors Group Inc. (Nasdaq:EPAX), Sepracor Inc. (Nasdaq:SEPR) and Diedrich Coffee Inc. (Nasdaq:DDRX).
Skechers USA, SRA International and Healthways lead small-cap percentage losers
Skechers USA Inc. (Nasdaq:SKX), SRA International Inc. (Nasdaq:SRX) and Healthways Inc. (Nasdaq:HWAY) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Liquidity Services Inc. (Nasdaq:LQDT), Apartment Investment and Management Co. (Nasdaq:AIV), American Pacific Corp. (Nasdaq:APFC), Viad Corp. (Nasdaq:VVI), Intermec Inc. (Nasdaq:IN) and Knightsbridge Tankers Ltd. (Nasdaq:VLCCF).
Banco Macro, 4 Kids Entertainment and Blue Nile among 52-week lows
Banco Macro SA (Nasdaq:BMA), 4 Kids Entertainment Inc. (Nasdaq:KDE) and Blue Nile Inc. (Nasdaq:NILE) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Group 1 Automotive, Inc. (Nasdaq:GPI), Quixote Corp. (Nasdaq:QUIX), Hiveld Steel Depository Receipt (Nasdaq:HSVLY), CSS Industries Inc. (Nasdaq:CSS), Federal Mogul Corp. (Nasdaq:FDML) and Intermec Inc. (Nasdaq:IN). Here are the new 52-week lows among small caps:
Intermec falls 20% on job cuts, lowered Q2 projections
Intermec Inc. (NYSE:IN) is down more than 20% today after the technology security provider announced plans to eliminate 260 jobs. Intermec also lowered its revenue projections for the quarter ended June 29 to $216 million to $218 million, versus previous estimates of $227 million to $232 million.
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The Everett, Wash.-based company said the job cuts are the result of its strategy to improve margins through streamlining the company. “Our global supply chain strategy is intended to drive productivity, efficiency and gross margin expansion,” said Patrick Byrne, president and CEO, in a statement. “This plan should help us optimize our manufacturing, assembly and service operations while providing meaningful reductions to our cost structure.” 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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