Monday, October 25, 2010

Top NASDAQ Pre-Market Losers (FWLT, BPOP, PSYS)

Foster Wheeler Ltd. (NASDAQ:FWLT) dropped 1.75% to $23.61 in pre market hours. The company announced that Umberto della Sala, has been named Interim Chief Executive Officer (CEO), effective October 22. Mr. della Sala fills the CEO position vacated by Robert C. Flexon, who left the Company on October 22 to pursue other interests. The 52-week range of the stock is $20.33-$35.01. The stock went down more than 20% year-to-date. Popular, Inc. (NASDAQ:BPOP) lost 1.05% to $2.82 in pre market trading hours. Last week, the company posted a loss of 4 cents a share, compared with analysts' expectations of 2 cents a share according to Thomson Reuters. The company turned a profit after eight straight quarterly losses, helped by a gain from the sale of its processing unit Evertec. The sale of the unit resulted in a gain of about $531 million and boosted the bank's capital ratios, Popular said in a statement. In the past six months of trading sessions, the stock went down more than 27%. Shares of Psychiatric Solutions, Inc. (NASDAQ:PSYS) fell 0.53% to $33.50 during the pre market. Last week, the company posted a much better-than-expected quarterly profit as the mental health facility operator held staff costs steady while revenue jumped. Net income from continuing operations in the quarter was $53.7 million, or 94 cents a share, compared with $28.3 million, or 50 cents a share, a year ago. The 52-week range for the stock is $17.63-$33.68. The stock went up more than 55% year-to-date.
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