Columbia Sportswear reported earnings of 20 cents per share, down from 56 cents per share in the same quarter of last year, after net sales declined 9%. The company said it expects full year 2009 net sales to decline over 10%. Shares fell 13% in early trading today.
Calpine is down 10% on news that a fund managed by Harbinger Capital will be selling 20 million shares in a registered secondary stock offering. Morgan Stanley was selected as the sole underwriter.
UCBH Holdings, the holding company of United Commercial Bank, reported a net loss of 78 cents per share per share, driven by a loan loss provision, nonperforming asset disposition expenses, and investment write-downs. Shares were lower in early trading today by over 25%
Shares of Immucor are down over 28% after an announcement that the company has received a subpoena from the US Department of Justice, Antitrust Division, requesting documents pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry. Immucor said it intends to fully cooperate with the investigation.
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