Shares were plunging by 19.4% to $10.49 in premarket trading Friday.
NEW YORK ( TheStreet) -- Ixia ( XXIA), the Calabasas, Calif.-based maker of IP services testing equipment, said it now sees adjusted earnings of 7 cents to 8 cents a share in the June-ended quarter on revenue of $67 million to $69 million. Its previous forecast called for earnings of 14 cents to 17 cents a share on revenue of $78 million to $82 million.
LED sector niche player SemiLEDs ( LEDS) on Thursday posted an adjusted loss of 16 cents a share for its fiscal third quarter, which was 150% worse than the average analysts' estimate of 6 cents a share. Also, its loss of 3 cents a share in its fiscal second quarter disappointed Wall Street expectations for a profit of 8 cents a share. SemiLEDs shares were plunging by 12.9% to $5.40.
Exco Resources' ( XCO) CEO Douglas Miller reduced his bid for the natural gas company by 9.8% to about $4 billion, according to reports.
Geron ( GERN) was gaining 7.3% to $4.29 after JPMorgan initiated coverage of the drug company at overweight.
WD-40 ( WDFC ) reported third-quarter earnings of 47 cents a share, vs. the average analyst estimate of 52 cents share. The global consumer products company posted earnings of 54 cents a share a year ago. Shares were falling 1.7% to $40.98.
Deutsche Bank ( DB) is considering naming investment-banking head Anshu Jain co-CEO with a German-speaking board member to succeed Josef Ackermann, according to Bloomberg, citing sources familiar with the situation. Bloomberg also reports that Deutsche Bank is getting ready to sell what would be the first German commercial mortgage securities since the beginning of the credit crisis. Shares were down 1.4% to $57.84.
Shares of Internet search giant Google ( GOOG) were falling 1.2% to $539.85 being cut to equal-weight from overweight by Morgan Stanley.
There may be some chatter about Alcoa ( AA) Friday with the Dow component's quarterly report coming up on Monday. The stock is up 5% year to date, but sentiment on Wall Street is mixed. Shares were higher by 0.4% to $16.55 in premarket trading Friday.
ING Group ( ING), the Dutch financial services company, said Friday it agreed to sell its car lease division to BMW for €700 million ($1 billion). Shares were up 0.3% to $12.27.
British Prime Minister David Cameron called for a "full public inquiry" led by a judge into the hacking scandal that forced News Corp. ( NWSA) to shut down News of the World. News Corp. shares were trading sideways at $17.43. Cameron also said the U.K. government would follow the proper procedures in making a decision of News Corp.'s acquisition of British Sky Broadcasting ( BSY). Shares of British Sky Broadcasting were falling 2.8% to $789.50 in London. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse.
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