MannKind Corporation (NASDAQ:MNKD) posted a fourth quarter loss of 33 cents per share. But perhaps more concerning to investors were comments made by CEO Alfred Mann suggesting that he will stop investing his own money into the company, and plans to slash more than 40% of its employees. Investors exited the stock Friday, sending MannKind shares plummeting 22%.
Online jewelry retailer Blue Nile (NILE) posted fourth quarter earnings per diluted share of 41 cents, on record net sales during the holidays. Shares retreated about 10% in Friday trading, coming off of a 52 week high set yesterday ahead of the earnings report.
Shares of Expedia (NASDAQ:EXPE) tumbled 18% after the company posted diluted earnings per share of 25 cents, down from 35 cents a year ago. On an adjusted basis however, earnings were about 10% higher. Revenue grew 16% year over year.
And shares of Cognex Corporation (NASDAQ:CGNX) fell more than 8%, coming down from yesterday's 52 week high, after the company posted record results for the quarter and declared a dividend of 8 cents per share. Even after giving back some ground Friday, Cognex shares are trading at levels almost double that of the 52 week low set in July of last year.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.