Superior Energy Services, Inc. (NYSE:SPN) shares fell 5.11% to $22.12 after the company announced second-quarter net income of $141.9 million or $0.89 per share, as compared to $48.1 million or $0.59 per share in the year ago period. Non-GAAP adjusted earnings from continuing operations for the the second quarter of 2012 was $131.6 million, or $0.83 per share. Revenue for the quarter rose to $1.243 billion from $479.9 million in the year ago quarter. Analysts expected the company to report earnings of $0.82 per share on revenues of $1.28 billion for the quarter.
Get Free Trend Analysis on SPN
OCZ Technology Group Inc. (NASDAQ:OCZ) shares declined 9.43% to $5.75 in the morning hour after the company said that its enterprise Z-Drive R4 PCI Express (PCIe) SSD series has achieved VMware Ready(TM) status. This designation indicates that after a detailed validation process Z-Drive R4 PCIe SSDs have achieved VMware's highest level of endorsement, and can be found on the VMware Solution Exchange (VSX).
How Should Investors Trade OCZ, Get Trend Analysis
Humana Inc. (NYSE:HUM) stock declined 8.66% to $64.44 after the company posted a second-quarter profit of $356 million, or $2.16 per share, from $460 million, or $2.71 a share, in the year-earlier period. The company topped the second-quarter earnings of $1.98 to $2.08 a share it projected back in May. Additionally, the company lowered its guidance to a range of $6.90 to $7.10 a share.
Can Shares of HUM rebound After Today’s Fall?
ANADIGICS, Inc. (NASDAQ:ANAD) shares fell 11.46% to $1.39 after the company reported second-quarter net loss of $20.9 million or $0.30 per share, as compared to $13.1 million or $0.19 per share in the same quarter last year. Adjusted net loss for the quarter was $17.9 million or $0.25 per share. Net sales declined 29.5% to $25.1 million from $35.6 million in the comparable quarter last year. Analysts expected loss of $0.20 per share on revenues of $26.26 million for the quarter.
Additionally, Needham & Company downgraded ANADIGICS from Buy to Hold.