Top Losers On News (PWER, NUVA, DRC)

Power-One, Inc. (NASDAQ:PWER) fell 6.38% to $10.42 on unusual volumes after the company said it earned 40 cents a share on an adjusted basis in its third-quarter on revenue of $314 million, ahead of analysts' estimates of a profit of 23 cents a share on revenue of $264.26 million. The company sees $340-$360 of revenue in its fourth quarter, compared to analysts estimates of $300 million. The stock went up more than 129% year-to-date. NuVasive, Inc. (NASDAQ:NUVA) slumped 28.53% to $26.17. For the third quarter, the company reported net income of $8.5 million, or 21 cents a share, compared with $5.06 million, or 13 cents a share a year ago. Revenue rose 27 percent to $120.3 million. Analysts on average expect earnings of $1.53 a share on revenue of $487.5 million, according to Thomson Reuters. The company cut its full-year earnings outlook to $1.42-$1.45 from $1.50-$1.60 and revenue view to $470-$475 million from $485-$495 million. The stock went down more than 18% year-to-date. At closing market price, the market capitalization of the company stands at $1.03 billion. Dresser-Rand Group Inc. (NYSE:DRC) lost 7.29% to $34.22. The company reported third-quarter net income of $37.5 million or $0.46 per share, compared to $74.6 million or $0.91 per share in the prior year quarter. Total revenues for the quarter were $483.1 million, down 21% from $612.1 million in the previous year period. Eight Wall Street analysts expected revenues of $509.39 million. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share for the period. Analysts’ estimate typically exclude special items. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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