POMPANO BEACH, FL - October 25, 2012 - - Logitech International SA (USA)(NASDAQ:LOGI) shares declined 13.70% to $7.56 after the company reported second quarter net income of $54.87 million or $0.35 per share, as against $17.45 million or $0.10 per share in the prior-year quarter. Net sales for the quarter decreased 7% to $547.69 million from $589.20 million in the same quarter last year. Analysts expected the company to report earnings of $0.09 per share on revenue of $571.36 million.
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Cliffs Natural Resources Inc(NYSE:CLF) stock decreased 8.22% to $39.18 after the company reported third-quarter profit of $85.1 million, or $0.59 a share, from $601.2 million, or $4.15 a share, in the same quarter a year ago. Revenue fell 26% to $1.45 billion from $2.07 billion in the same quarter a year earlier. Analysts had predicted the company would post earnings of $1.05 a share on $1.69 in revenue.
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Quantum Corp(NYSE:QTM) shares fell 11.46% to $1.27 after the company announced that it has sold more than 1,000 DXi6701/02 disk backup and deduplication appliances, driven by broad adoption in the first year of shipping. The unmatched performance, scalability and value of the DXi6701/02 helped make it the most successful branded systems product launch in Quantum's history, and since then customers across the globe have deployed it to meet their data protection needs.
Additionally, the company posted second quarter revenue of $147 million, down 11% from the second quarter last year primarily due to lower-than-expected OEM and branded tape automation revenue.
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James River Coal Company(NASDAQ:JRCC) shares declined 5.81% to $4.70. The company will release its third quarter results for 2012 before the market opens on November 7, 2012. The Company will hold its quarterly conference call and webcast on the same day at 11:00 a.m. Eastern Time.
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Under Armour Inc(NYSE:UA) shares dropped 7.45% to $52.39 in the early hour after the company said its third-quarter net income increased to $57 million, or $0.54 per share, from $46 million, or $0.44 per share, in the same period a year earlier. Net revenues went up 24% in the recent quarter to $575 million, from $466 million in the prior-year period. Analysts expected earnings per share of $0.52 on revenues of $576.36 million for the quarter.
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