Monday's Winners & Losers: Level 3
Updated from 4:41 p.m. EDT
Shares of
Level 3 Communications
(LVLT)
sank 31 cents, or 14.2%, to $1.87 after company president and Chief Operating Officer Kevin O'Hara
, effective immediately. Level 3 also terminated its previously disclosed search for a new CFO, saying incumbent Sunit Patel will continue in the role.
Shares of
VMware
(VMW) - Get Report
declined $3.94, or 7.7%, to $47.51, hitting a new 52-week low.
The stock is down nearly 40% since Jan. 28, when the company
of 50% for 2008, down from a 85% growth rate in 2007.
VMware has been battling increased competition from companies such as
Microsoft
(MSFT) - Get Report
and
Citrix
(CTXS) - Get Report
.
Shares of the Boston-based economic, financial and management consulting company
CRA International
(CRAI) - Get Report
plummeted 40% on Friday evening's first-quarter earnings forecast. CRA expects earnings per share between 26 cents and 28 cents on revenue of $86 million. Analysts polled by Thomson Financial are looking for 58 cents a share on revenue of $92.5 million. This morning, Stifel Nicolaus downgraded the stock to hold from buy.
Houston, Texas'
ExpressJet
(XJT)
, which operates as the Continental Express airline, saw shares tumble 15.3% to $1.89 on fourth-quarter earnings. Excluding charges, the company reported a loss of $27.6 million, or 52 cents a share, vs. a profit of $22.8 million, or 39 cents a share, in 2006. The Street was looking for a loss of 30 cents a share.
(GOOG) - Get Report
fell $19.73, or 4.6%, to $413.62, hitting a new 52-week low.
Other winners and losers also included
Alesco
(AFN)
AFN (+16.8%),
Art Tech Group
(ARTG)
ARTG (+13.5%) and
Thornburg Mortgage
(TMA)
(-60.3%).
This article was written by a staff member of TheStreet.com.
