Select Comfort Corp (NASDAQ: SCSS) plunged 18.44% to $23.0. The Company reported fourth quarter net income of $12.50 million or $0.22 per share compared to $15.37 million or $0.27 per share in the previous year period. The analysts expected the company to report earnings of $0.32 per share for the quarter. Net sales for the quarter were $220.56 million from $189.07 million in the prior year quarter. The analysts had consensus revenue estimate of $230.07 million for the quarter. The Company expects to earnings per share of between $1.65 and $1.80 for 2013.
Will SCSS Move Higher After Today’s Sudden Selling Activities? Don’t Miss The Free Trend Analysis here http://beststocksdaily.com/p2/index.php?company=SCSS
BG Medicine Inc (NASDAQ: BGMD) slipped 16.94% to $2.06 on a traded volume of 1.24 million shares. The Company announced the sale of 6,000,000 shares in an underwritten public offering at a price of $2.00 per share. The net offering proceeds to BG Medicine from the sale of the shares are expected to be approximately $11.1 million. The offering is expected to close on or about January 30, 2013. Lazard Capital Markets LLC is acting as the sole book-running manager for the offering.
8x8, Inc (NASDAQ: EGHT) among the losers and the stock decreased 12.09% to $6.98 on a traded volume of 771k shares. The Company announced third quarter results. Total revenue for the quarter increased 17% year-over-year to $27.3 million. Revenue from business customers increased 22.2%. GAAP net income was $1.9 million or $0.03 per diluted share compared to $2.6 million or $0.04 per share in the same period last year. Cash flow from operating activities was $6.6 million for the quarter compared to $3.2 million in the prior year quarter.
Ship Finance International Limited (NYSE: SFL) went down 7.36% to $16.23 on a traded volume of 1.19 million shares. The Company intends to offer USD 250 million aggregate principal amount of its Convertible Senior Notes due 2018. The Notes will pay interest quarterly and mature on February 1, 2018. The Notes will be convertible into common shares. The Company intends to use the net proceeds received from the offering of the Notes to redeem or repurchase all of the Company's outstanding 8.5% Senior Notes due 2013.
Beststocksdaily’s team is engaged in providing valuable and updated news information on U.S. stocks on a regular basis. Beststocksdaily’s instant stock news on Major Gainers, Hot Stocks and various other stocks, guides investors in making the wise stock market investments decision. To Get Instant updates in the inbox, readers are advised to sign up for free at Beststocksdaily.com.
The assembled information disseminated by beststocksdaily.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. beststocksdaily.com does expect that investors will buy and sell securities based on information assembled and presented in beststocksdaily.com. PLEASE always do your own due diligence, and consult your financial advisor.
1419 Westwood Blvd Los Angeles, CA