Thursday, November 11, 2010

Notable Losers (CNQR, LDK, MFB, EXK)

Concur Technologies, Inc. (NASDAQ:CNQR) plunged 7.43% to $49.11. The company
reported that its fourth-quarter net income decreased to $3.47 million from
$5.88 million last year. Net income per share available to stockholders was
$0.06 compared to $0.11 prior year. Analysts polled by Thomson Reuters expected
the company to report profit of $0.19 per share on revenue of $77.04 million for
the quarter. Analysts' estimates typically exclude special items. The company
expects revenue for the first quarter of fiscal 2011 to grow 17% year-over-year
from the first quarter of fiscal 2010. For the first quarter, Concur expects net
income per share to be $0.05, and non-GAAP net income per share to be $0.18. LDK
Solar Co., Ltd. (NYSE:LDK) fell 3.25% to $12.80. The company late Monday
reported third-quarter net income of $93.4 million, or 72 cents per American
Depositary share, up from $29.4 million, or 27 cents per ADS, in the same
quarter last year. Revenue increased to $675.6 million from $281.9 million a
year earlier. Analysts polled by FactSet Research had forecast earnings of 43
cents a share on revenue of $590.8 million. Maidenform Brands, Inc. (NYSE:MFB)
plunged 7.51% to $24.64. For the third quarter, the company this week said that
it earned $12.8 million, or 55 cents a share, compared with $16 million, or 67
cents a share, a year ago. Revenue rose 13 percent to $145.8 million. Analysts
on average were expecting the company to earn 53 cents a share on revenue of
$146.9 million. Endeavour Silver Corp. (CAN) (AMEX:EXK) declined 8.28% to $6.20.
Over the past 52-week, the stock traded within the range of $2.86-$7.16. The
company has Price/Sales ratio of 6.02. The stock has the 50- Day Moving Average
and 200-Day Moving Average prices of $4.69 and $3.85 respectively. At current
market price, the market capitalization of the company stands at $397.65
million.

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