Las Vegas, NV -- (SBWIRE) -- 09/25/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable stock losers as reported by http://beststocksdaily.com/
Key Energy Services, Inc. (NYSE:KEG) is currently trading at $7.20, 11.72% lower on a traded volume of 6.40 million shares. Yesterday, the company announced that it expects third quarter 2012 consolidated results from continuing operations to be below prior expectations. Compared to the previous quarter, consolidated revenue is expected to decline 4% to 5%. Key sold its Argentina operations effective September 14, 2012 and expects to record a non-cash, pre-tax charge against discontinued operations of approximately $45 million in the third quarter.
According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $534.67 million in the third quarter of 2012.
To Get complete technical analysis on KEG go to http://beststocksdaily.com/p2/index.php?company=KEG
Tesla Motors Inc (NASDAQ:TSLA) plunged 8.68% to $28 on a traded volume of 3.21 million shares after the company said it now expects 2012 revenue of $400 million - $440 million, owing to a drop in the number of Model S vehicles it plans to deliver in 2012.
Further, the company foresee that third-quarter revenue would range between $44 million and $46 million, reflecting lower deliveries of Model S as well as the deferral of revenue associated with development services.
Can TSLA Continue to Drop? Find Out Here http://beststocksdaily.com/p2/index.php?company=TSLA
Gevo, Inc. (NASDAQ:GEVO) slumped 29.31% to $2.34 on a traded volume of 1.98 million shares. The company announced the start-up of its Luverne, Minn., bio-isobutanol production facility. Over the past 17 weeks, Gevo has successfully produced and shipped commercial-quality product in railcars for customers.
To Get complete technical analysis on GEVO go to http://beststocksdaily.com/p2/index.php?company=GEVO
Pizza Inn, Inc. (NASDAQ:PZZI) among the losers and the stock lost 7.17% to $2.98 on a traded volume of 322K shares. The company reported fourth-quarter net loss of $0.1 million or $0.01 per share, compared to net income of $0.4 million or $0.05 per share in the prior year quarter. The decline in net income was primarily attributable to lower food and supply sales and an increase in income tax expense in the fourth quarter ended June 24, 2012 when compared to the fourth quarter ended June 26, 2011.
Total revenue for the quarter decreased to $10.9 million from $11.3 million in the comparable quarter last year.
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