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Wednesday's Small-Cap Winners & Losers

Small-cap stocks were mostly crawling beneath the sinking major indices Wednesday amidst disappointing earnings from a variety of sectors.

Veraz Networks (VRAZ) shares plunged more than 40% after the communication-equipment maker sharply missed Wall Street expectations for the third quarter. The San Jose, Calif., company swung to a profit of $332,000, or a penny a share, from a steep year-ago loss, but analysts were looking for 2 cents more. Jefferies downgraded the stock to hold from buy. Shares were off $3.28 to $4.84.

Also in the tech sector, Imergent (IIG) sank 19.1% to $17.80 after the purveyor of e-commerce technology posted a fiscal first-quarter loss of $800,000, or 7 cents a share. Last year the Orem, Utah, company delivered a profit of 18 cents a share.

Construction company MasTec (MTZ - Get Report), meanwhile, took a 25.9% nose dive after pro forma income dropped 18.2% from last year to 18 cents a share, missing targets by a penny. On a GAAP basis, it swung to a continuing-operations loss of 40 cents a share thanks in large part to expensive settlements on "various legacy legal claims, cases and other disputes." Shares of the Coral Gables, Fla., company were losing $3.66 to $10.46.

And Georgia's Carmike Cinemas (CKEC - Get Report) tumbled 19.7% on a wide miss. The movie theater operator posted a profit of $2 million, or 16 cents a share, against a year-ago loss, but analysts were seeking a profit of 37 cents a share. Revenue, at $135.3 million, was also below par despite representing a gain over last year. Shares were changing hands at $3.02.
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CKEC $29.93 0.27%
MTZ $22.18 -1.40%
PZZA $60.16 8.20%
AAPL $94.30 -0.92%
FB $118.08 0.55%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

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