SUPERVALU Slumps On Earnings (SVU, DVR, CALX, RITT, TBOW)

SUPERVALU INC (NYSE:SVU) among the losers and the stock decreased 43.29% to $3.0 on a traded volume of 36.30 shares after the Company announced first quarter results. Net sales were $10.6 billion compared to $11.1 billion in the prior year period. Net earnings were $41 million or $0.19 per diluted share compared to $74 million or $0.35 per diluted share in the previous year period. Cash flow from operations was $227 million compared to $245 million in the same quarter last year.

Cal Dive International Inc (NYSE:DVR) plunged 33.80% to $1.88 on a traded volume of 1.49 million shares. The Company expects EBITDA to be approximately $10.5 million for second quarter. The analysts were expecting the Company to report EBITDA of $12.8 million for second quarter of 2012. The Company plans to offer $75 million aggregate principal amount of its convertible senior notes due 2017 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.

Calix Inc (NYSE:CALX) decreased 24.38% to $4.90 on a traded volume of 1.67 million shares after the Company lowered second guidance.  The Company expects to earn 4 cents per share and revenue of $79 million for the second quarter. The Company reflects softness in demand across multiple customer markets. The Company announced the availability of its latest Calix U.S. Rural Broadband Report, based on Internet traffic information drawn from over 50 U.S. communications service provider networks from the first quarter of 2012.

RiT Technologies Ltd (NASDAQ:RITT) is one of the top losers and the stock decreased 26.80% to $3.66 on a traded volume of 269k shares after the Company released first quarter results. Revenues were $1.4 million compared to $3.2 million in the first quarter of last year. Net loss was $2.8 million or $0.54 per share compared to $1.0 million or $0.24 per share in the first quarter of 2011. The Company will complete a debt-to-equity conversion with Stins Coman that will increase shareholders’ equity to approximately $6.4 million. This completion will be done on July 17, 2012.

Trunkbow International Holdings Ltd (NASDAQ:TBOW) soared 8.57% to $1.14. Trunkbow International announced that the independent registered public accounting firm Holtz Rubenstein Reminick LLP has completed its review and audit of the Company's consolidated financial statements for the year ended December 31, 2009.