Adept Technology (ADTK) was down 16% at the bell after posting a third-quarter loss late Tuesday of 99 cents a share, down from earnings of 6 cents in the year-ago period. Analysts were expecting a loss of 22-cents a share, according to Thomson Financial/First Call.

The manufacturing automation company also said it expects revenue for the fourth quarter to be flat to down 10% from the third quarter and it expects to return to profitability in the second half of the calendar year.

TheStreet Recommends