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Today's Big Losers: MEI, PSS, MOV
Thursday, September 2, 4:49 PM ET

Methode Electronics (NYSE:MEI) said that while they are encouraged by their first-quarter sales, they remain cautious about their business outlook for the next few quarters as the global financial recovery remains tenuous. Shares of Methode are lower by 14.8%.

Collective Brands (PSS) said that second quarter 2010 net earnings were $21.1 million, or $0.32 per diluted share, compared to $18.7 million, or $0.29 per diluted share, in the second quarter of 2009, missing analyst expectations.

Collective Brands shares are lower by 8%.

Movado Group (NYSE:MOV) posted an adjusted loss from continuing operations in the second quarter of fiscal 2011 of $1.1 million, or $0.04 per diluted share, compared to adjusted net income from continuing operations of $2.3 million, or $0.09 per diluted share in the second quarter of fiscal 2010.

Shares of Movado are down 7.25%

For MarketNewsVideo.com, I'm Kristin Bianco.

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