Accredited Home Lenders( LEND) lost ground after the San Diego-based mortgage bank was downgraded by Roth Capital to hold from buy. Earlier this week, the company missed second-quarter earnings expectations and reduced its outlook. Shares slipped $2.75, or 7.67%, to $33.10.
gained after the Boston-based investment management firm said its
Eaton Vance Credit Opportunities Fund
raised $81.3 million in an offering of preferred stock. Shares climbed 69 cents, or 2.78%.
( MLS) plummeted after the Arlington, Va.-based real estate investment trust announced a series of asset writedowns and additional construction costs at its massive Meadowlands retail development in New Jersey.
Mills, which is currently restating its financials and trying to sell itself, said in a
Securities and Exchange Commission
filing Thursday that it will record several impairment charges for certain of its malls that have had disappointing operating results. Shares dropped $6.27, or 27.76%, to $16.32 recently.
stumbled even though the Boston-based company, which provides outsourcing services for private education lending, reported a 65% rise in profit in the most recent quarter.
The company earned $70.8 million, or $1.12 a share, up from $43 million, or 65 cents a share, in the year ago period. Total service revenues rose 24% in the period to $148.8 million. Earnings and revenue surpassed Wall Street expectations. Shares climbed after the market closed on Thursday, but were off 94 cents, or 2.02%, to $45.48.