Today's Big Losers: HOV, ANR, CWTR, ACAS
Thursday, June 3, 4:15 PM ET

Launch related slideshow:
What Investments Have Been Working Lately?
10 Top Recent Performers May Surprise You »

The company posted a net loss of $28.6 million, or $0.36 per share, vs. a loss of $118.6 million, or $1.50 per share, in the same quarter last year.

Revenue totaled $318.6 million, down from $398 million in the same quarter last year.

Analysts had expected a larger per-share loss on higher revenue.

Hovnanian delivered 1,118 homes in the quarter, 19% fewer than in last year’s Q2.

Hovnanian shares are down 12.5%.

Alpha Natural Resources (NYSE:ANR), a coal producer primarily in the central Appalachian and northern Appalachian regions is seeing their stock lower today. Currently shares are off by 6.5%.

Coldwater Creek (NASDAQ:CWTR) was downgraded by Jessup & Lamont to hold from buy today. Yesterday the company posted net sales of $243.1 million, compared with $228.4 million in the fiscal 2009 first quarter, missing analyst expectations. Coldwater also said that they expect to report a loss in the second quarter of fiscal 2010.

Shares of Coldwater Creek are down over 18%.

Stifel Nicolaus downgraded shares of American Capital (NASDAQ:ACAS) to sell, due to their belief that the company will file bankruptcy based on

disappointing bondholder vote numbers released yesterday.

American Capital is trading down 13.6%