Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- KBR -8.7%, (updated 2016 earnings guidance to reflect expected increases in costs to complete engineering, procurement, and construction projects)
Other news:
- COLL -9.1% (pulling back following last week's strong gains)
- MACK -8.7% (announces a corporate restructuring; implements a 22% headcount reduction)
- TASR -8.4% (under pressure after NYPD awards body camera contract to another company, also downgraded to Neutral from Buy at Ladenburg Thalman)
- KMPH -2.4% (files for $150 mln mixed securities shelf offering; also entered into an at the market issuance Common Stock Sales Agreement having an aggregate offering price of up to $50,000,000)
Analyst comments:
- TDC -2.1% (downgraded to Sell at UBS)