Stocks Showing Sharp Declines on News (YELP, SNE, ALU, EW, INVN)

Los Angelas, CA -- (SBWIRE) -- 02/08/2013 -- Yelp Inc (NYSE:YELP) shares dropped 4.60% and closed at $21.35 in the last trading session. The company, on Feb. 6, reported a fourth quarter net loss of $0.08 per share, compared to the loss of $0.56 per share last year. Net revenue was $41.2 million. The consensus estimates were for a loss of $0.04 and revenues of $40.29 million.

Is YELP a Solid Investment at These Levels? Find Out Here

Sony Corporation (ADR) (NYSE:SNE) stock dropped 4.36% to $15.13 after the company yesterday reported its results for its third fiscal quarter ended in December, narrowing its loss to $115 million. The company posted a massive $2 billion loss in the same quarter a year earlier. The company’s operating profit came in at $496 million and revenue during the holiday quarter grew 7% year-over-year to $21 billion despite slumping TV sales; Sony’s TV division is now in its ninth consecutive year in the red. Sony maintained that it is on pace to turn a profit of $214 million for the full fiscal year, and it expects annual sales to total $70.6 billion.

What Are SNE’s Charts Signaling For Traders? Find Out Here

Alcatel Lucent SA (ADR) (NYSE:ALU) lost 7.02% on Thursday after its Board suggested not to distribute a dividend for fiscal year 2012. Moreover, the Company declared that Chief Executive Officer Mr. Ben Verwaayen, has taken a decision not to look for re-election as a director at this year’s Annual General Meeting, and will leave his position as CEO once a transition has been executed.

How Should Investors Trade ALU After The Recent Volatile Moves? Find Out Here

Edwards Lifesciences Corp (NYSE:EW) decreased 6.78% on investor questions related to the role that hospital restocking orders played in its higher-than-predicted fourth-quarter results. Edwards Lifesciences Corporation is engaged in the science of heart valves and hemodynamic monitoring.

Is EW Showing Any Sign of Buy At The Current Market Price? Find Out Here

InvenSense Inc (NYSE:INVN) shares fell 4.05% to $14.20. The company, on Jan. 23, announced that it expect fourth quarter 2013 revenue, post- the holiday period, to be in a range of $52-$54 million. Analysts on an average were expecting the Company to report revenues of $53 million for the fourth quarter of 2013. The company designs and fabricates micro-electro-mechanical systems (MEMS) technologies.

Will New Regulations Weigh over INVN Revenue Stream? Find Out Here

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