Accuray Incorporated (NASDAQ:ARAY) shares declined 24.04% to $5.14 in the early hour after ARAY’s stock was downgraded by equities researchers at JPMorgan Chase from a “neutral” rating to an “underweight” rating in a report issued today. The company last issued its quarterly earnings data on November 7. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.22) by $0.01. The company had revenue of $83.00 million for the quarter, compared to the consensus estimate of $85.41 million.
Finish Line Inc (NASDAQ:FINL) shares fell 3.52% to $18.40 after the company reported a third quarter loss of $107,000, or less-than-a-penny a share, compared with a profit of $5.55 million, or 11 cents, a year earlier. Sales climbed 5.2% to $296.6 million. Analysts had most recently forecast per-share earnings of 10 cents on revenue of $296 million.
Quiksilver, Inc. (NYSE:ZQK) stock increased 8.72% to $4.93. The company announced that its Board of Directors has appointed Andy Mooney as President and Chief Executive Officer, succeeding Quiksilver's co-founder Bob McKnight, who has been named Executive Chairman. Mooney will also join the Quiksilver Board of Directors. All of these changes will become effective January 11, 2013.
Vringo, Inc. (AMEX:VRNG) stock climbed 5.14% to $3.68. The company announced that Ashley Keller has joined the company's board of directors. Mr. Keller is a special situations analyst at Alyeska Investment Group, a multi-strategy hedge fund based in Chicago. In that position, he focuses on investments in companies involved in complex and high-stakes commercial litigation and regulatory matters.
KrispyKreme Doughnuts (NYSE:KKD) shares gained 7.53% to $10.85 in the early hour after analysts at Longbow Research started coverage on shares of KrispyKreme in a research report issued to clients and investors today. The firm set a “buy” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of KrispyKreme Doughnuts from $9.00 to $11.00 in a research note to investors on November 20. They now have an “outperform” rating on the stock.
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