Wednesday's Winners and Losers: Jamba

Among the down day's most trod-upon was Jamba (JMBA Quote), shares of which got juiced by 26% to $3.28 on earnings and a downgrade to hold from buy from Morgan Joseph. The Emeryville, Calif., smoothie stand reported fiscal third-quarter income of $22.4 million, or 40 cents a share, which included a pre-tax non-cash gain of $23.3 million, or 42 cents a share. Excluding this gain, the company lost $900,000, or 2 cents a share, which is narrower than the a year-ago loss of $19 million, or 92 cents a share, but shy of the penny-a-share loss analysts were expecting.

Wireless equipment maker LM Ericsson(ERIC Quote) fell 7.7% after the company said at an investor conference that fourth-quarter revenue will be at the low end of its forecast. Ericsson has previously said it expects sales for the quarter to range from $8.38 billion and $9.49 billion. Ericsson was down $1.92 to $23.19.

Leap Wireless(LEAP Quote) fell $2.27, or 6.6%, to $32.06. The company said Wednesday it has received waivers from the holders of a majority of its $890 million senior secured term loan and $200 million revolving credit facility. Leap paid a 25-basis-point fee to the lenders for granting the waivers, and it agreed to increase the interest rate by 75 basis points.

In the regulatory arena, Labopharm(DDSS Quote) said Wednesday that it received a written response that the Food and Drug Administration will not overturn an FDA decision to not approve its once daily formulation of pain drug Tramadol.