DCTH, BKS, FST, CDI, DAKT - Tuesday's Big Losers
Tuesday, February 22, 4:18 PM ET

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Shares of bookseller Barnes & Noble (BKS) fell 11%, after reporting quarterly results that disappointed investors. The company said it would not issue forward guidance for the balance of fiscal 2011, citing the uncertain impact of going-out-of-business sales at competitor Borders. The company also decided to suspend its quarterly dividend and hold onto the cash instead.

Forest Oil (FST) posted quarterly results below Wall Street's expectations on Tuesday. Excluding items, earnings for the quarter came in at 44 cents a share, which compared to analyst expectations of 47 cents. Revenue also lagged analyst estimates, and the company reduced its forward revenue guidance. Shares of Forest Oil fell about 10%.

CDI Corp (CDI) announced a fourth quarter net loss of 77 cents, compared to a 36 cent loss in the same quarter the prior year. Revenue grew more than 14% year over year, and the company predicted that first quarter revenue will be 15% to 18% higher than Q1 of last year. Shares of CDI Corp were down almost 12% Tuesday afternoon.

And shares of Daktronics (NASDAQ:DAKT) plunged nearly 25%, after reporting quarterly earnings of 4 cents per share. That's slightly above the 3 cents analysts were looking for, but revenue on the other hand came in below expectations at just under the $100 million mark, versus an expected $101 million. Looking ahead, the company said sales numbers in the current quarter could be reduced, as some projects were delayed.

For MarketNewsVideo.com, I'm Sayoko Murase.