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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 (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.
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