Educational toy maker LeapFrog Enterprises (LF) lowered its full-year earnings forecast due to reduced demand for its toys during the holidays.
The company forecast both sales and earnings below estimates. The company now forecasts sales to increase 13-14 percent for the full year, or $433 million, below estimates of $452.3 million and growth of 15-20 percent. Full-year earnings are forecast to be 3-6 cents a share, below analyst expectations of 28 cents a share.
The stock is trading lower by over 22.5 percent.
Thoratec (THOR) shares are lower on Wednesday after following a lackluster presentation at the JP Morgan (NYSE:JPM) Healthcare Conference. Following the conference, JP Morgan reiterated its "neutral" rating on the stock, and gave it a $30 price target.
Shares are lower by over 6.8 percent.
This Article's Word Cloud:ConferenceEducationalEnterprisesFollowingFullHealthcareLeapFrogMorganNYSESharesTHORThoratecWednesdayafteranalystbelowbothcentscompanyconferencedemandduringearningsestimatesexpectationsfollowingforecastforecastsfullgavegrowthholidaysincreaselacklusterlowerloweredmakermillionneutraloverpercentpresentationpriceratingreducedreiteratedsalessharestockyear
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.