The McClatchy Company (NYSE:MNI) dropped 2.34% to $3.34. The company said Tuesday its third-quarter earnings fell to $11.92 million or 14 cents a share, from $23.56 million, or 28 cents a share, in the year-ago period.
Revenue dropped 5.7% to $327.7 million, from $347.4 million. Wall Street analysts expected earnings of 10 cents a share, on revenue of $347 million, according to a survey by FactSet Research.
Over the past 52-week, the stock traded within the range of $2.41-$7.16. The stock opened at $3.56 and is trading within the range of $3.28-$3.58.
Coldwater Creek Inc. (NASDAQ:CWTR) plunged 32.84% to $3.60. The retailer revised its estimate for the fiscal third quarter to a loss of 14 cents to 19 cents a share from its previous view of earnings of 1 cent to 4 cents.
In the past six months of trading sessions, the stock went down more than 54%. The 52-week range of the stock is $3.13-$8.75. The stock went down more than 19% year-to-date.
Infinera Corp. (NASDAQ:INFN) slumped 36.42% to $7.84 after the company reported a third-quarter profit of 4 cents a share against a year-earlier loss of 17 cents. Adjusted earnings were 18 cents against a 3-cent loss.
Analysts surveyed by FactSet were looking for a profit of 9 cents.
The stock opened at $8.10 and has a 52-week range of $5.70-$12.90. The stock went down more than 29% in the last one month of trading sessions.
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