Updated from 1:41 p.m. EDT with new stock prices
Small-cap stocks, sharing the broader market's moodiness, couldn't find reason to rise Monday. The Russell 2000 lost 0.7% to 735.44, and the S&P SmallCap 600 fell 0.5% to 388.43.
Shares of Rimage (RIMG Quote), a Minneapolis maker of duplication systems for CDs, DVDs and laser discs, tumbled to new lows, falling 22.1% to $13.50. The company lowered is second-quarter earnings guidance to between 9 cents and 12 cents a share on revenue of $20 million to $22 million. Rimage had previously forecast EPS of 22 cents to 27 cents and revenue of $24 million to $26 million. Two analysts surveyed by Thomson Reuters are looking for 23 cents a share, and one analyst expects revenue of $24.9 million.
Shanghai-based fabless semiconductor company Spreadtrum Communications (SPRD Quote) gave up 16.2% to $7.84. Roth Capital downgraded the stock to hold from buy. ...
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