Northern, WI 02/07/2013 (Wallstreetpr) -CPI Aero structures Inc (NYSEAMEX:CVU): CPI Aero structures Inc. manufactures structural aircraft parts principally for armed forces in United States, it is also the sub contractor for prime aircrafts for production of commercial aircraft parts. CUV shares fell 15.6 percent trading closed at $9.74 per share. The company announced its preliminary unaudited results. Net income was at $11.1 Million which is an increase of 50 percent over the previous year. However the results were positive, the share price declined as the company’s CEO announced that its forecast for 2013 will be lesser than 2012. Sequestration is to become a law by 1st March 2013; nevertheless it will be decided only after the federal budget. But the threat of it might affect its business.
Vocus Inc. (NASDAQ:VOCS): Vocus Inc. provides cloud marketing software for social media marketing, search marketing and email marketing. The share price shed 13.64 percent down $2.24 per share trading at $15.32. The stock plunged as the company released its forecast for 2013. The revenue estimates were projected at $201.8 million which is far below the analysts estimates at $208 Million. The share price saw the biggest one day decline since February 29th last year. VOCS acquired an email marketing business last year which is doing good whereas its current business is weak. It will take time for the synergy to happen and the stock price is expected to move up in the future.
Elan Corporation Plc. (NYSE:ELN): Elan Corporation Plc. Is a biotechnology company which focuses mainly on discovering and developing advanced therapies in neurodegenerative and autoimmune diseases. The company’s share dipped 10.13 percent, settled at $9.40 per share.The company has sold entire rights of its sclerosis drug Tysabri to Biogen Inc. (NASDAQ:BIIB) for $3.25 billion, investors feel the price is pretty low and Elan Corporation is set to lose heavily on the sale.
Calix Inc. (NYSE:CALX): Calix Inc. is a broadband communications provider in North America. The company develops and sells carrier class hardware and software products. Stock price of the company is trading at $7.68 a share down 9.75 percent from the previous day. The main contributor for this fall is the poor numbers posted by the company in its fourth quarter results. Revenues were down almost $14 million stood at $330 Million in 2012, as against $344 Million in 2011.
CH.Robinson Worldwide (NASDAQ:CHRW): CH.Robinson Worldwide is an logistics company providing freight transportation and services to all forms of companies.it operates around the globe with vast network covering North America, Europe, Asia, South America and Middle East. CHRW shares were down 9.71% after Bank of America lowered its rating from “Buy” to “Underperform”. It was cited that the company will not be able to achieve its long term growth target of 15%. However, the company’s last quarter revenue was up 15.7%.