International Game Technology Cuts Previously Issued Guidance


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Companies Mentioned

NYSE:IGT / NASDAQ:BODY / OTC:BB:RIHT / NYSE:ISR
03/27/2014 [ACCESSWIRE]

International Game Technology (NYSE: IGT) – For an in-depth report on International Game Technology follow: www.BullTrends.com/stockquote/IGT

IGT shares closed down 8.28% on Wednesday with about 20 million shares traded. The stock hit a new 52-week low of $13.39 during intra-day trading and was one of the biggest decliners on the NYSE. Management cut previously -issued earnings guidance and warned of a workforce reduction. The company cut its fiscal 2014 earnings to $1 to $1.10 a share from a previous range of $1.28 to $1.38 a share. For its second quarter ending March, management expects net income between 17 cents and 19 cents a share.

Body Central Corp. (NASDAQ: BODY) - For an in-depth report on Body Central Corp.  follow: www.BullTrends.com/stockquote/BODY

Shares of Body Central Corp. closed down 35.19% on nearly 6.4 million shares traded. The stock was one of the biggest decliners on the NASDAQ and hit a new 52-week low of $0.98. The big drop came after the company said it was growing more likely it would not be able to continue as a going concern after reporting negative results in its year-ending quarter. In the three months to December, the company reported revenue of $66.2 million, an 18.3% year-over-year decrease, while comparable-store sales decreased 26%, its eighth consecutive quarterly drop.

Rightscorp, Inc. (OTCBB: RIHT) - For an in-depth report on Rightscorp, Inc. follow: www.BullTrends.com/stockquote/RIHT

Shares of RIHT closed down 22.35% on about 830,000 shares traded on Wednesday. The stock was one of the biggest decliners in the OTCBB market. Earlier in the week the company announced financial results for the full year 2013 and fourth quarter ended December 31, 2013. 236% increase in revenues to $324,016 for the full year ended December 31, 2013, as compared to $96,565 for the same period in 2012. 194% increase in revenues to $155,381 for the fourth quarter of 2013, as compared to $52,739 for the same period in 2012.

IsoRay, Inc. (NYSE: ISR) - For an in-depth report on IsoRay, Inc. follow: www.BullTrends.com/stockquote/ISR

Shares of ISR closed up 12.62% on Wednesday with nearly 28 million shares traded. The stock was one of the biggest gainers on the NYSE. The stock hit a new 5 year high last week after the company announced it had reached agreements with two institutional investors to sell 5,644,300 shares at $2.60 a share, which should yield gross proceeds of $14,675,180. IsoRay plans to use the proceeds for working capital and other corporate purposes.

 

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