Diamonds and Dogs
5/7/13Ruckus Wireless Inc. (RKUS)
Ruckus Wireless is creating a ruckus today, down 26.21% at $14.02. The Wi-Fi solutions company saw its shares disconnect after missing on earnings and lowering outlook. For the quarter, Ruckus saw profits drop a jaw-dropping 92%. Needless to say, the company missed earnings across the board. Furthermore, the horrible quarter also led to a lower outlook for the second quarter. Management now sees revenue of $61-$64 million and an EPS of $0.03-$0.04. Wall Street analysts' were expecting revenue of $67.1 million and an EPS of $0.04. Ruckus shares fell over $4.50 today, but were able to stay above the stocks 52-week low of $12.25.
Reed's Inc. (REED)
Reed's Inc. is a refreshing drink for its investors today, up 23.56% at $5.12. The non-alcoholic soft drink maker saw its shares fizz up after the company announced great first quarter earnings. Revenues for the quarter increased 24% to over $8 million; up from $6.5 million for the same quarter last year. Reed's CEO Chris Reed said, "This is our fourth year of significant growth. Our revenue goals for this first quarter were exceeded and indicate the strength of our continued growth momentum." Reed also went on to say that the company expects its growth to continue throughout 2013. Reed's shares jumped $1.00 today trading in the middle of the stocks 52-week range of $2.21-$8.82.
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