Career Education Slump On Poor Earnings (CECO, AVP, TRLG, DRIV, SIMG)

Career Education Corp. (NASDAQ:CECO) stock plunged 20.17% to $3.76 in the pre-market hour after the company posted a second quarter net loss of $100.2 million or $1.52 per share, as compared to net income of $55.4 million or $0.73 per share in the same quarter last year. Adjusted loss from continuing operations were $0.18 per share, as compared to earnings of $0.73 per share last year. Total revenues dropped 23.9% to $369.0 million from $484.9 million in the same quarter last year. Analysts expected loss of $0.01 per share on revenues of $383.54 million for the quarter.

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Avon Products, Inc. (NYSE:AVP) stock fell 4.45% to $14.80 in the pre-market hour after the company posted second quarter profit of $61.6 million, or $0.14 a share, as compared to $206.2 million, or $0.47 a share, a year earlier. Adjusted earnings from continuing operations fell to $0.20 a share from $0.49 a share in the year earlier period. Revenue dropped 9.3% to $2.59 billion. Analysts had most recently forecast earnings of $0.21 a share on revenue of $2.67 billion.

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True Religion Apparel, Inc. (NASDAQ:TRLG) shares plunged 13.76% to $22.63 in pre-market hour after the company reported second quarter net income of $9.78 million or $0.39 per share, as compared to $9.43 million or $0.38 per share in the year-ago quarter. Adjusted net income for the year-ago quarter was $10.78 million or $0.43 per share. Net sales grew 6.8% to $104.91 million from $98.26 million in the same quarter last year. Analysts expected earnings of $0.35 per share on revenue of $107.31 million for the quarter.

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Digital River, Inc. (NASDAQ:DRIV) shares declined 15.96% to $14.95 in the pre-market hour after the company posted second quarter net income of $200 thousand or $0.01 per share, from $291 thousand or $0.01 per share in the same quarter last year. Adjusted net income improved to $6.9 million or $0.20 per share. Revenues were $90.8 million, as compared to $92.5 million in the same quarter last year. Analysts expected earnings of $0.18 per share and revenues of $93.37 million.

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Silicon Image, Inc. (NASDAQ:SIMG) stock soared 25% to $4.90 in the pre-market hour after the company posted second quarter net loss of $943,000, or $0.01 per share, from $1.3 million, or $0.02 per share, in the same quarter a year earlier. Adjusted earnings were $0.05 per share. Revenue rose to $63.8 million from $53.6 million a year earlier. Analysts were expecting earnings of $0.02 per share on revenue of $59.8 million.