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Today's Big Losers: FBC, NCI, REV, SKX, OCLR
Thursday, October 28, 4:49 PM ET

Flagstar Bancorp (NYSE:FBC) announced the pricing of its previously announced underwritten public offerings, raising aggregate gross proceeds of $367.3 million. The offerings consisted of 110 million shares of common stock at a purchase price of $1.00 per share and 13.5 million shares of convertible preferred stock at a purchase price and liquidation preference of $20.00 per share.

Shares of Flagstar are down 43.75%.

Navigant Consulting (NYSE:NCI) posted adjusted earnings per share of $0.16, missing analyst expectations.

Navigant is trading lower by 22.63%.

Revlon (NYSE:REV) announced net income of $12.5 million, or $0.24 per diluted share, sharply lower compared to $23.1 million, or $0.45 per diluted share.

Revlon shares are down 18.2%.

SKECHERS USA (NYSE:SKX) said that they while they continue to experience growth in many categories, including toning, several accounts over-booked for back to school and cancelled orders, resulting in more inventory than initially planned.

Shares of SKECHERS are lower by more than 18%.

Oclaro (NASDAQ:OCLR) said they expect second quarter fiscal 2011 revenues in the range of $116 million to $124 million and adjusted EBITDA in the range of $6 million to $11 million.

Oclaro is down 35%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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