Today's Big Losers: GOK, CVI, CROX Friday, November 6, 3:48 PM ET
Geokinetics (AMEX:GOK) posted a third quarter loss after the bell Thursday, of 45 cents per share, down from earnings of 2 cents in Q3 of 2008. Revenue fell 21% year over year, with weakness in demand in several of the company's markets. The disappointing results sent shares down more than 21 and a half percent in Friday trading.
CVR Energy (NYSE:CVI) announced that an affiliate of Goldman, Sachs & Co. (NYSE:GS) is selling a portion of its stake in the company in an underwritten public offering of just under 7.4 million common shares. The Goldman Sachs affiliate currently owns 36% of CVR, and its ownership stake will fall to 28% following the offering. Deutche Bank Securities (NYSE:DB) is the sole book-running manager for the offering. Shares of CVR Energy were off about 15% on the news.
And shares of footwear company Crocs (NASDAQ:CROX) fell more than 16 and a half percent, after the company beat analyst expectations for a loss, with earnings of 25 cents per share for the third quarter, but said it will be unable to maintain profitability in the fourth quarter. Crocs said it expects a fourth quarter loss of between 15 and 20 cents per share.
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Cascade Doubles Dividend Thursday, September 2, 4:38 PM ET, by Market News Video Staff Cascasde Corporation (CASC) declared its quarterly dividend of 10 cents per share, an increase of ...
Daxor Continues To Pay Dividends Thursday, September 2, 1:33 PM ET, by Market News Video Staff This morning, Daxor Corporation (DXR) declared its quarterly dividend of 25 cents per share, an ...
HCC Insurance Boosts Dividend Payments By 7% Thursday, September 2, 1:27 PM ET, by Market News Video Staff Yesterday, HCC Insurance (HCC) declared its quarterly dividend of 14.5 cents per share, an increase ...
Yield Update Wednesday, September 1, 4:35 PM ET, by Market News Video Staff John Hancock Tax Advantaged Dividend (HTD) maintained its monthly dividend of 9.1 cents per share. ...
Daily Dividend Announcements Wednesday, September 1, 4:30 PM ET, by Market News Video Staff Hillenbrand Incorporated (HI) maintained its quarterly dividend of 18.75 cents per share. The dividend is ...
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