US Market Stocks Fall After Reporting Loss (SONC, LIME, CYCC)

Sonic Corporation (NASDAQ:SONC) fell 7.15% to $10.39 after the company posted net loss of 1 cents a share for the second quarter ended Feb. 28. This came as a surprise as Wall Street analysts were expecting the company to report a profit of 2 cents a share. Revenues also fell short of estimates, which came out at $112.8 million versus expected $117.9 million.

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The company expected earnings of 55 cents - 60 cents a share for fiscal 2010, Analysts were expecting earnings 58 cents.

Lime Energy Co. (NASDAQ:LIME) shares took a hit this morning and now plunged 14.50% to $4.44 after the company posted a worse than expected quarterly loss. The company reported fourth-quarter net loss of $6.5 million or $0.28 per share, compared to $1.4 million or $0.16 per share in the same quarter last year.

Revenue also declined to $20.3 million from $28.6 million in the prior year period.

Analysts were expecting the company to report a loss of $0.08 per share on revenues of $20.87 million.

Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC) fell 2.40% to $2.45 after the company reported a loss of $0.18 for the fourth quarter, 1 cent better than estimated loss.

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