Big Decliners: Electronic Arts, Generac Holdings, ARMOUR Residential REIT, Plug Power

Los Angelas, CA -- (SBWIRE) -- 02/14/2013 -- Electronic Arts Inc. (NASDAQ:EA) develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (platforms). It declined 0.50% to $17.08 in the morning hour after Electronic Arts and The Tetris Company, LLC, on Feb. 13, announced the development of Tetris Blitz, an innovative new twist on the world famous puzzle game. This lightning-fast, “Blitz”-style game challenges players to race against the clock and contains fresh new features and stunning visuals for the ultimate Tetris experience.

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Generac Holdings Inc. (NYSE:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets, stock dropped 7.46% to $36.50 after the company posted fourth quarter net income of $28.29 million or $0.41 per share from last year’s $267.13 million or $3.91 per share. Adjusted net income increased 17.1% over the prior year quarter to $60.7 million, and adjusted net income per share increased 15.3% to $0.87. Analysts expected earnings of $0.69 per share for the quarter. Net sales increased 28% to $342.02 million from $267.31 million in the fourth quarter of 2011. Analysts estimate revenues of $309.39 million.

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ARMOUR Residential REIT, Inc. (NYSE:ARR) shares decreased 5.67% to $6.69 in the early hour. The company yesterday announced the preliminary estimated results and selected financial data provided below for the quarter ended December 31, 2012 and as of December 31, 2012. The Company expects to report taxable REIT income per share for the quarter and year ended December 31, 2012 in an amount that approximates dividends paid of $0.27 and $1.20 per share, respectively, for such periods.

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Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable energy solutions, today announced that it has priced an underwritten public offering of 18,910,000 shares of its common stock and accompanying warrants to purchase 18,910,000 shares of common stock. The shares and the warrants will be sold together as a fixed combination, with each combination consisting of one share of common stock and one warrant to purchase one share of common stock, at a price to the public of $0.15 per fixed combination for gross proceeds of approximately $2.8 million. The warrants have an exercise price of $0.15 per share, are immediately exercisable and will expire on February 20, 2018.

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