Safeway EXPECTS 10 Store Openings and 4 Stocks Falling to 52-Week Lows
Cypress Semiconductor Corporation (NASDAQ:CY) has released this statement “Increasing global macroeconomic concerns, combined with short lead times, put downward pressure on distributor and customer bookings across all geographies and divisions. Our book-to-bill was 0.87 in the second quarter down from 1.33 in the first quarter, below our seasonal average. Nonetheless, we are still 77 percent booked for the third quarter, in line with historical averages.” Shares closed down 3.01 percent on the day at $11.59, and have traded in a 52-week range of $11.52 to $22.64.
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Lattice Semiconductor Corporation (NASDAQ:LSCC) says that its total operating expenses are projected to be about $38 million, which includes around $800,000 in acquisition related charges that are primarily amortization of intangible assets. Shares closed down 3.5 percent on the day at $3.58, having been traded in a 52-week range of $3.49 to $7.18.
Nash-Finch Company (NASDAQ:NAFC) posts its second quarter earnings of 69 cents, compared to a consensus of 59 cents. Shares closed down 7.67 percent on the day at $19.49, and have traded in a 52-week range of $19.65 to $38.80.
Sunpower Corp. (SPWR): Industry sources say that most photovoltaic inverters which have obtained JET certification are from firms that are based in Japan, which could possibly lead to shortages of the inverters, according to Digitimes. At the same time, many solar companies have been optimistic about Japan’s market because of its high feed-in-tariff rates. Shares closed down 2.67% on the day at $4.38, having been traded in a 52-week range of $4.37 to $22.63.
Safeway Inc. (NYSE:SWY) intends to open about 10 new Lifestyle stores, and finish approximately 10 Lifestyle remodels, as well as refurbish in-store pharmacies and develop properties through its wholly owned subsidiary, Property Development Centers LLC. Shares closed down 4.18 percent on the day at $15.80, and have traded in a 52-week range of $15.71 to $23.16.
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