Lime Energy Co. (NASDAQ:LIME) shares plunged 48.28% to $1.05 in the early hour after the company announced that on Sunday, July 15, 2012, the Audit Committee of the Board of Directors of Lime Energy determined that the Company's consolidated financial statements on Form 10-K for the periods ended December 31, 2010 and December 31, 2011 and quarterly report on Form 10-Q for the period ended March 31, 2012 may no longer be relied upon. The Audit Committee made that determination based on the results of a partial internal review conducted by the Company's management which was concluded on Friday, July 13, 2012.
Nokia Corporation (ADR) (NYSE:NOK) shares declined 5.28% to $1.71 in the morning hour after the company slashed the price of its flagship Lumia 900 in an attempt to improve its falling smartphone market. has chopped the price of Lumia 900 by 50% to $49.99. The smartphone is now available under a two-year contract from AT&T Inc., which is the only carrier to offer Lumia 900 in the U.S.
Alcatel Lucent SA (ADR) (NYSE:ALU) stock plunged 17.52% to $1.13 in the early hour after the company announced that it expects Q2 2012 adjusted operating income to be a loss of around Euro 40 million with revenues above EUR 3.5 billion.
Looking ahead, based on the current order book, the company expects the second half of 2012 to be better than the first half, but will not be able to achieve its previously announced adjusted operating margin guidance for the full-year 2012. Alcatel Lucent will provide its business performance and full-year guidance during its second quarter earnings presentation on July 26, 2012.
Apollo Group Inc (NASDAQ:APOL) stock fell 1.03% to $31.62 in the morning hour. The company made a new 52 week low at $30.31 today. The shares of the company fell 36% in the last one year. The Company offers educational programs and services both online and on-campus at the undergraduate, master’s and doctoral levels through its wholly owned subsidiaries.
CGG Veritas (ADR) (NYSE:CGV) shares climbed 6.39% to $27.98 in the early hour after the company announced that it has started acquiring its first StagSeisTM dual-vessel, long-offset multi-client full-azimuth (FAZ) survey in the Keathley Canyon area of the US Gulf of Mexico (GOM). This 221-block (5150 sq km) full-fold 3D seismic data survey, known as IBALT, will take approximately 6-7 months to acquire and is the first phase in a multi-client program that CGGVeritas will conduct in the Gulf of Mexico over the next few years.