OPNET Technologies (OPNT) said that based on preliminary estimates it expects revenue for the first fiscal quarter to be in the range of $30.9 to $31.1 million, compared to its guidance range of $32.0 to $34.5 million. Based on these preliminary estimated financial results, diluted earnings per share for the first quarter of fiscal 2011 are expected to be between $0.05 and $0.06, within the previously guided range of $0.03 to $0.08.
On the revised guidance, shares of OPNET are down 12%.
On light volume, shares of Cenveo (CVO), a diversified printing company in North America, are down more than 6.5%.
On heavy volume, shares of T-3 Energy Services (TTES) are down more than 11.5%. Also trading down on heavy volume is Kulicke & Soffa Industries (NASDAQ:KLIC), down 10.5% on more than 3.7 million shares traded.
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