The stock was last quoted at $26.91, down 7%, on volume of around 25,000, according to Nasdaq.com. Based on a regular session close at $28.18, the shares are up nearly 36% in the past year but they haven't participated in the broad market's rally of the past three months as its 52-week high of $33.13 dates back to early December. For its fiscal first quarter ended in January, Zumiez posted a profit of $15 million, or 49 cents a share, as sales grew 18% year-over-year to $156.2 million. The performance edged the consensus view for earnings of 48 cents a share on sales of $155.7 million.
Jamba JuiceJamba Juice ( JMBA) was under selling pressure as well late Thursday after the Emeryville, Calif.-based restaurant operator posted a wider than expected loss. The company said it lost $12.2 million, or 21 cents a share, for the three months ended Dec. 28 on revenue of $42.1 million. Wall Street was calling for a loss of 15 cents a share in the quarter. The shares dipped 6.1% to $2.17 on volume of nearly 30,000. Wall Street was mildly bullish on Jamba Juice ahead of the report with four of the six analysts covering the stock at either strong buy (3) or buy (1).
Energy Conversion DevicesShares of Energy Conversion Devices ( ENER) were walloped in late trades after the Auburn Hills, Mich.-based maker of solar energy products said it plans to reduce production on concerns about France and Italy curtailing their incentive programs. "The dramatic and abrupt shift in the French and Italian solar incentive structures has impacted our business and forced us to reconsider our near-term financial outlook," said Mark Morelli, the company's president and CEO, in a statement. "Recent events have injected disruptive uncertainty into the markets which is causing financing sources to put projects on hold and may impact as much as 50% of this quarter's forecasted revenue."
The stock was last quoted at $2.45, down 22%, on volume of more than 400,000. The shares have already taken a beating in the past year, falling 57%. Wall Street was already bearish on Energy Conversion Devices with the stock's 18 ratings breaking down to 10 holds, five underperforms, and three sells. The current average estimate of analysts polled by Thomson Reuters is for the company to lose $1.02 a share in the company's fiscal year ending in June on revenue of $313.9 million. Wall Street was expecting more than a third of the company's annual revenue -- $112.8 million -- to come in its fiscal fourth quarter.