Post-Market NASDAQ Losers (DMND, IRBT, GRPN, ARRY, TRIP, CLDX, TQNT, NBIX, PRCP, AFFX)

By Satya Nagendra Padala: Subscribe to Satya's

February 9, 2012 5:40 AM EST

The top after-market NASDAQ Losers Wednesday were: Diamond Foods, iRobot Corp, Groupon, Array BioPharma, TripAdvisor, Celldex Therapeutics, TriQuint Semiconductor, Neurocrine Biosciences, Perceptron and Affymetrix.

Share This Story

Diamond Foods, Inc. (DMND) stock slumped 41.68 percent to $21.38 in post market trading session after announcing that its fiscal 2010 and 2011 results will need to be restated as an internal probe found that the company booked about $80 million worth of payments to walnut growers in the wrong periods.

iRobot Corp. (IRBT) stock slumped 20.63 percent to $30.40 in post market trading session as its first quarter and fiscal 2012 earnings guidance fell short of expectations.

For the first quarter, the company expects earnings to be in a range of loss of $0.08 per share to break even per share on revenue s of $90 to $100 million, while analysts’ expects the company to report first quarter earnings per share of $0.30 on revenue s of $120.63. The company also expects fiscal 2012 earnings to be in a range of $0.75 to $0.95 per share on revenues of $465 to $485 million, which fell short of analysts’ estimation of $1.45 per share on revenue s of $529.26 million.

Groupon, Inc. (GRPN) stock slumped 15.58 percent to $20.75 in post market trading session. The company reported quarterly earnings as a publicly traded company for the first time on Wednesday, posting a net loss of $42.7 million for the fourth quarter of 2011.

Follow us

Groupon said the profit miss resulted from an unexpectedly high overseas tax rate prompted by the opening of an international headquarters in Switzerland. Revenue was $506.5 million, up 194 percent from the final quarter of 2010. A year earlier there was a loss of $378.6 million, or $1.08 a share.

Array BioPharma Inc. (ARRY) stock plunged 10.34 percent to $2.86 in aftermarket trading session. The company announced that it is offering to sell, subject to market and other conditions, shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering.

TripAdvisor, Inc. (TRIP) stock plunged 9.73 percent to $31.00 in post market trading session. The company reported fourth quarter net profit of $22.0 million or $0.16 per share compared to $0.14 per share in the same quarter a year-earlier.

Celldex Therapeutics, Inc. (CLDX) stock plunged 9.63 percent to $4.69 in post market trading session.

TriQuint Semiconductor, Inc. (TQNT) stock plunged 9.21 percent to $6.21 in post market trading session. Its fourth quarter net income declined to $4.31 million or $0.03 per share from $42.49 million or $0.25 per share in the same period a year-earlier.

Neurocrine Biosciences, Inc. (NBIX) stock plunged 8.75 percent to $8.55 in post market trading session. Its fourth quarter net income declined to $1.3 million or $0.02 per share from 2.5 million or $0.04 per share in the same period a year earlier.

Perceptron, Inc. (PRCP) stock plunged 8.09 percent to $5.00 in post market trading session. The company announced second quarter net profit of $1.7 million or $0.20 per share compared to $1.0 million or $0.11 per share in the same period a year earlier.

Affymetrix, Inc. (AFFX) stock plunged 5.95 percent to $4.90 in aftermarket trading session. The company swung to fourth quarter net loss of $14.7 million or $0.21 per share compared to net profit of $4.0 million or $0.06 per share in the same period last year, while analysts’ expected the company to report quarter net loss of $0.07 per share for the second quarter.

To report problems or to leave feedback about this article, e-mail:
To contact the editor, e-mail:

This article is copyrighted by International Business Times, the business news leader
Sponsor Link:
Join the Conversation
IBTimes TV

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit

Recommended for you
  1. An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.Weekly Roundup: Asian Markets Fall On Weak China Data And Euro Zone Debt Concerns
  2. US Stocks Close Mostly Up Week With Mostly Down Day: Daily Markets WrapU.S. equities closed a moderately green week with a moderately red day on Friday, as the Dow Jones Industrial Average fell 74.92 points, or 0.60 percent, to 12,454.83, the S&P 500 index dropped 2.