The top pre-market NASDAQ stock market losers are: A-Power Energy Generation Systems, Corinthian Colleges, TICC Capital, ICAgen, NGP Capital Resources, and Take-Two Interactive Software.
A-Power Energy Generation Systems, Ltd. (APWR) lost 26.10 percent to $4.70 in the pre-market trading. The company's third quarter adjusted profit of $2.4 million, down 76.1 percent from $9.9 million last year. Revenue fell 40.7 percent to $57.3 million. Analysts had expected profit of 29 cents a share on revenue of $144.23 million.
A-Power Energy lowered its full year 2010 earnings outlook to $50 million from previous forecast of $60 million. The company also reduced its revenue guidance to $310 million from previous outlook of $500 million. Analysts expect revenue of $473.54 million.
Corinthian Colleges Inc. (COCO) plunged 4.35 percent to $3.96 in the pre-market session. The company said Peter Waller has resigned as chief executive officer and as a member of its board. The company's former CEO and current chairman Jack Massimino will return to chief executive role, effective immediately.
TICC Capital Corp. (TICC) plummeted 3.04 percent to $10.22 in the pre-market trading. The company said it has priced a public offering of 4 million common shares at $10.25 a share for total gross proceeds of $41 million. The closing of the offering is expected to take place on December 6.
TICC Capital expects to use the net proceeds from the offering for general corporate purposes, which may include investing in debt or equity securities, and other general corporate purposes, including working capital requirements.
ICAgen Inc. (ICGN) fell 2.75 percent to $2.12 in the pre-market session. The company and Pfizer now selected a compound into further clinical studies for advancement in sodium ion channel Nav1.7 as a pain treatment. The selection of this compound has triggered a milestone payment to Icagen of $1.0 million.
NGP Capital Resources Co. (NGPC) declined 0.66 percent to $8.98 in the pre-market trading.
Take-Two Interactive Software Inc. (TTWO) moved down 0.05 percent to $11.06 in the pre-market session.