Notable NASDAQ Stock Losers (CLWR, YRCW, SAPE)

Clearwire Corporation (NASDAQ:CLWR) plunged 11.23% to $6.36 following negative reaction to the wireless service operator’s third-quarter results. Late Thursday, Clearwire said it lost $139 million, or 58 cents a share, on revenue of $147 million. During the same period a year ago, Clearwire lost $82.4 million, or 43 cents a share, on sales of $68.8 million. Analysts had forecast Clearwire to lose 61 cents a share on $157.9 million in sales. The company said it was having problems securing funding and would cut about 600 of its 4,200 jobs. YRC Worldwide Inc. (NASDAQ:YRCW) plunged 9.84% to $4.29 on about 3.08 million shares. The company reported third quarter net loss of $62 million or $1.33 per share, narrower than $159 million or $66.66 per share last year. Analysts polled by Thomson Reuters expected the company to report loss of $1.31 per share for the quarter. Analysts’ estimates typically exclude special items. Operating revenues declined to $1.14 billion from $1.20 billion last year. Analysts estimated revenues of $1.14 billion for the quarter. Sapient Corporation (NASDAQ:SAPE) dropped 6.04% to $12.44. For July-September, the company posted net income of $14.3 million, or 10 cents a share, up from $5.9 million, or 4 cents, last year. Excluding special items, it earned 13 cents a share, trumping estimates of 9 cents a share. Revenue jumped 33 percent to $228.6 million and beat estimates of $209.6 million. Over the past six months of trading sessions, the stock went up more than 21% and is up more than 48% year-to-date. 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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