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Today's Big Losers: LF, THOR

By Market News Video Staff, Wednesday, January 12, 3:26 PM ET
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Educational toy maker LeapFrog Enterprises (NYSE: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 (NASDAQ: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.


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