Silicon Graphics International Corp. (NASDAQ:SGI) is down 24.09% today at $6.91. SGI has traded 2.5 million shares so far today, 4 times its daily average. SGI shares are tumbling after reporting fiscal third quarter results. Quarterly results were good with revenue up nearly 40% to $199.4 million and EPS of $0.11 per share. What caused shares to fall was fourth quarter guidance. Silicon is expecting fourth quarter revenue to be in the range of $177 million to $197 million and a net loss of $0.37 to $0.52 a share. Analysts were expecting revenue of $208.9 million and $0.16 a share in profit. The company has a market cap of 222.72 million.
Clean Diesel Technologies Inc. (NASDAQ:CDTI) is down 18.64% this morning at $2.88. CDTI has traded 458 thousand shares so far today, well above its daily average of 342 thousand shares. Clean Diesel posted a larger loss than expected in the first quarter causing shares to fall. The company posted a loss of $2.8 million or $0.39 per share. The company has a market cap of 20.64 million. [Read more...]
