Accuray Incorporated (NASDAQ: ARAY) shares declined 24.04% to $5.14 in the early hour after ARAYs 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.
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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.
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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.
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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.
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Krispy Kreme Doughnuts (NYSE: KKD) shares gained 7.53% to $10.85 in the early hour after analysts at Longbow Research started coverage on shares of Krispy Kreme 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 Krispy Kreme 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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