18 Biggest Mid-Day Losers For Tuesday
- Neovasc Inc (US) (NASDAQ: NVCN) shares tumbled 35.4 percent to $0.659 as the company announced an update in litigation with CardiAQ. Neovasc will pay $91 million in damages.
- Instructure Inc (NYSE: INST) dropped 24.2 percent to $19.30. Instructure reported a Q3 loss of $0.34 per share on revenue of $30.14 million. The company also issued a weak forecast.
- Brookdale Senior Living, Inc. (NYSE: BKD) shares declined 21.6 percent to $11.32. Brookdale Senior Living reported a Q3 loss of $51.7 million.
- P H Glatfelter Co (NYSE: GLT) shares fell 19.2 percent to $17.95 after the company posted weak Q3 results.
- Pitney Bowes Inc. (NYSE: PBI) shares declined 18.7 percent to $14.51 after the company posted weaker-than-expected Q3 earnings.
- tronc Inc (NASDAQ: TRNC) shares fell 17.2 percent to $9.97 after Gannett Co Inc (NYSE: GCI) dropped its bid to acquire the company.
- MarineMax Inc (NYSE: HZO) declined 17 percent to $16.55 after the company posted downbeat quarterly earnings.
- Douglas Dynamics Inc (NYSE: PLOW) fell 14.8 percent to $27.35 on downbeat Q3 results.
- Luminex Corporation (NASDAQ: LMNX) dropped 14.5 percent to $17.81 after the company posted weaker-than-expected Q3 earnings.
- Sterling Construction Company, Inc. (NASDAQ: STRL) declined 14.6 percent to $6.22. Sterling Construction reported Q3 earnings of $0.10 per share on revenue of $205.6 million.
- Adeptus Health Inc (NYSE: ADPT) fell 12.9 percent to $26.24. Adeptus Health disclosed that it is rescheduling its Q3 earnings to after the market close today.
- L Brands Inc (NYSE: LB) shares dropped 8.9 percent to $65.75 after the company lowered its earnings outlook for the third quarter.
- FreightCar America, Inc. (NASDAQ: RAIL) declined 8.2 percent to $11.99. Freightcar America reported Q3 net income of $51,000 on revenue of $113.5 million.
- Surgical Care Affiliates Inc (NASDAQ: SCAI) fell 5.4 percent to $40.49. Surgical Care Affiliates reported a Q3 profit of $13.3 million on revenue of $322.8 million.
- IDEXX Laboratories, Inc. (NASDAQ: IDXX) fell 3.5 percent to $103.37. Idexx Laboratories reported a Q3 profit of $56.5 million on revenue of $448.3 million.
- Level 3 Communications, Inc. (NYSE: LVLT) dropped 3.3 percent to $54.32. BTIG Research and Goldman Sachs downgraded Level 3 Communications from Buy to Neutral. RBC Capital also downgraded the stock from Outperform to Sector Perform
- Pfizer Inc. (NYSE: PFE) declined 2.8 percent to $30.82 after the company delivered lower than expected earnings for the third quarter.
- Shire PLC (ADR) (NASDAQ: SHPG) shares fell 2.4 percent to $164.66. Shire reported a Q3 loss of $1.29 per share on sales of $3.452 billion and lowered its FY16 earnings outlook.
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