Kaman Corporation (NASDAQ:KAMN) fell 3.55% to $25.36 after it said first-quarter quarter profits would come in well below Wall Street expectations because a component for the Air Force failed during testing.
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The company said it now expects to earn 5 cents to 10 cents per share for the quarter that will end April 2, on revenue of $270 million to $275 million.
Analysts surveyed by Thomson Reuters were expecting a profit of 30 cents per share on revenue of $288.7 million.
Antares Pharma, Inc. (AMEX:AIS) reported a loss of 3 cents a share, compared to 4 cents a share in the same quarter of the previous year.
Revenue grew to $2.58 million from $1.77 million prior year.
Analysts were expecting the company to report a loss of 3 cents a share on revenues of $2.18 million.
Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT) fell 0.90% to $7.70 after the specialty pharmaceutical company said its fourth-quarter loss reduced to $2.34 million or $0.18 per share from $6.12 million or $13.66 per share in a prior year period. License fee revenue was $3.125 million for the quarter.
Analysts were looking the company to report a loss of 24 cents a share.
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