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Daktronics, Inc. (NASDAQ: DAKT) shares spiked 6.04 percent to close at $11.23 a share Tuesday. The stock traded between $10.80 and $11.27 on volume of 199,136 shares traded. The company reported net sales were $138.7 million for the first quarter of fiscal 2014, compared to $132.9 million a year ago.
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Lightinthebox Holding Co. Ltd. (NYSE: LITB) shares plunged 40.06 percent to close at $11.58 a share Tuesday. The stock traded between $11.40 and $12.90 on volume of 13.17 million shares traded. The company expects revenues for the third quarter to be in the range of $68 million to $70 million, compared to revenues of $72.2 million for the second quarter.
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Perfect World Co., Ltd. (NASDAQ: PWRD) shares fell 7.90 percent to close at $18.99 a share Tuesday. The stock traded between $18.90 and $20.95 on volume of 2.78 million shares traded. The company reported net income was RMB80.7 million (USD13.2 million) for the second quarter of 2013, a decrease of 49 percent when compared to a year ago. Shares of Perfect World have gained approximately 77.0 percent year-to-date.
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Riverbed Technology, Inc. (NASDAQ: RVBD) shares declined 4.35 percent to close at $15.82 a share Tuesday. The stock traded between $15.60 and $16.25 on volume of 5.90 million shares traded. Deutsche Bank has downgraded the company’s rating to “sell” and has also lowered its price target to $11.00. Shares of Riverbed Technology have fallen approximately 20.0 percent year-to-date.
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