Lexmark Q2 Profits DOWN and 4 Stocks CRASHING to 52-Week Lows

Bridgepoint Education’s (NYSE:BPI) Ashford University was the focus of a meeting of the Board of Trustees of the Higher Learning Commission of the North Central Association of Schools and Colleges, or HLC, on July 11th to consider a recent action by the Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges. Then, on July 12th, Ashford received a letter from the HLC notifying the school its Special Monitoring status to confirm compliance with the Commission’s Criteria for Accreditation, which includes the Minimum Expectations. Ashford University is now required to supply a report by August 10, in the ongoing efforts to ensure that the University continues to satisfy HLC’s accreditation requirement, and is also required to host an Advisory Visit within 60 days of the Commission’s receipt of its report. Following the successful completion of the requirements, the HLC Board of Trustees will review the report of the Advisory Visit team and the University’s response to those documents, in February of next year. Shares closed down 24.67 percent on the day at $9.77, having traded in a 52-week range of $12.80 to $30.62.

Hewlett-Packard Company (NYSE:HPQ): Shares of printer maker Lexmark (NYSE:LXK) are retreating, subsequent to the reduction of its second quarter earnings per share and revenue outlook. Disappointing European demand and fluctuations in currency have been blamed for the reduction in its guidance, and the same factors are projected to negative impact its results in the second half of this year. Lexmark now forecasts that it will post second quarter adjusted earnings of 87 to 89 cents, which would be down from its previous guidance of 95 cents to $1.05 (against consensus of 99 cents). The adjusted earnings per share does not take into account restructuring-related and acquisition-related adjustments. Other printer makers moving in tandem are Xerox (NYSE:XRX) losing and Hewlett-Packard (NYSE:HPQ). H-P shares closed down 1.91 percent on the day at $18.98, having traded in a 52-week range of $19.02 to $37.70.

Lexmark (NYSE:LXK) shares are retreating subsequent to the reduction of its second quarter earnings per share and revenue outlook. Disappointing European demand and fluctuations in currency have been blamed for the reduction in its guidance, and the same factors are projected to negative impact its results in the second half of this year. Lexmark now forecasts that it will post second quarter adjusted earnings of 87 to 89 cents, which would be down from its previous guidance of 95 cents to $1.05 (against consensus of 99 cents). The adjusted earnings per share does not take into account restructuring-related and acquisition-related adjustments. Other printer makers moving in tandem are Xerox (NYSE:XRX) losing and Hewlett-Packard (NYSE:HPQ). Lexmark shares closed down 16.25 percent on the day at $20.36, having traded in a 52-week range of $24.07 to $38.34.

Prima Biomed Ltd (PBMD) halted for circuit breaker after dropping 18 percent to $2.87, and closed down 7.7 percent on the day at $3.23, having traded in a 52-week range of $2.21 to $7.65.

Supervalu Inc. (NYSE:SVU) is among a group of discounters, including Target (NYSE:TGT) and Wal-Mart Stores Inc. (NYSE:WMT), that is using food to draw shoppers into their stores, says the Wall Street Journal. Traditional supermarkets’ portion of domestic grocery sales have plummeted from 66 percent in 2000, to 51 percent in 2011, according to UBS. Some analysts think that the discounter tactics above are a part of the cause. Supervalu shares closed down 13.75 percent on the day at $2.32, having traded in a 52-week range of $2.61 to $9.44.

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