News / Business
Most Active Losers were MW, EXXI, MDAS
Most Active Losers
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The Men's Wearhouse, Inc. (NYSE:MW) declined 7.23% to $20.26 on 4.92 million shares after the company announced that for fourth quarter of 2009, it expects sales to decline in low single digit range, GAAP loss per share (EPS) to be in a range of $0.15-$0.19 and comparable store sales to decrease in the low single digit range. The Company reported revenue of $476.36 million in fourth quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $472.88 million and GAAP EPS of $0.01 for the same period.
Energy XXI (Bermuda) Limited (NASDAQ:EXXI) plunged 4.55% to $1.89 on 56.98 million shares after the company announced the pricing of its previously announced concurrent offerings of $171 million (90 million shares) of its common stock and $100 million (1 million shares) of 7.25% convertible perpetual preferred stock. The Company has also granted the underwriters a 30-day option to purchase up to 13.5 million additional shares of its common stock and 100,000 additional shares of its convertible preferred stock to cover over-allotments, if any. Both offerings are expected to settle and close on
MedAssets, Inc. (NASDAQ:MDAS) was down 4.62% to $19.01 on 3.88 million shares after the company refined its fiscal 2009 guidance and expects net revenue to be in the range of $341-$345 million, diluted earnings per share (EPS) to be $0.31-$0.37, non-GAAP adjusted EBITDA of $110 -$114 million and non-GAAP cash diluted EPS of $0.78-$0.84. For fiscal 2010, it expects net revenue to be in the range of $390-$400 million, EPS of $0.45-$0.55, non-GAAP adjusted EBITDA of $120 -$128 million and non-GAAP cash diluted EPS of $0.86-$0.96. According to Reuters Estimates, analysts are expecting the Company to report revenue of $342 million for fiscal 2009; EPS of $0.99, EBITDA of $128 million on revenue of $397 million for fiscal 2010.
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