Today's Big Losers: IGT, ALTH, WBSN, IP
Wednesday, July 28, 2010 3:35 PM

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International Game Technology (NYSE: IGT) plunged more than 9% on Wednesday, a day after the slot-machine maker issued disappointing full-year guidance.

Shares of Allos Therapeutics, Inc. (NASDAQ: ALTH) slumped more than 12% on Wednesday after the biotechnology company posted wider second-quarter loss of $20 million, or 19 cents per share, compared with a loss of $16.8 million, or 19 cents per share, in the year-ago quarter.

Websense, Inc. (NASDAQ: WBSN) tumbled as much as 13% after the company posted disappointing quarterly results and issued third-quarter revenue guidance that fell short of Wall Street's expectations.

Shares of International Paper Co. (NYSE: IP) slid more than 6% after the company posted an 32% decline in its second-quarter profit due to higher cost of raw materials and lower product prices. 

Disclosure: Author doesn't own any of the stocks discussed here.

 

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