Monday, January 31, 2011

Top Losers Of Today (QTM, MMI, CNX, RHI, GIGM)

Quantum Corporation (NYSE:QTM) declined 6.15% to $2.83 after the Company reported third quarter 2010 results. Net income was $6 million or 3 cents per diluted share compared to net income of $5 million or 2 cents per diluted share in third quarter 2010. Revenue was $176 million compared to $182 million in the prior year period. Motorola Mobility Holdings Inc (NYSE:MMI) moved down 1.70% to $29.97 after the Company reported fourth quarter 2010 results. Revenues increased 21% to $3.4 billion. GAAP earnings were $80 million or $0.27 per share compared to a loss of $204 million or $0.69 per share in the fourth quarter of 2009. CONSOL Energy Inc (NYSE:CNX) went down 1.55% to $47.70. The  Board of Directors declared a regular quarterly dividend of $0.10 per share, payable on February 18, 2011. Robert Half International Inc (NYSE:RHI) one of the top losers, declined 2.72% to $30.69. The Company expects first-quarter income to be in the range 13 cents per share to 18 cents per share on revenues of $850 million to $900 million. The guidance is in line with analysts estimate of 16 cents per share on revenue of $867 million for the first quarter. GigaMedia Limited (NASDAQ:GIGM) one of the top percentage losers. The stock went down 3.36% to $1.12 after the Company reported third quarter results. The company posted loss of $0.17 and revenue for the quarter was $7.83 million.
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