OptimumBank Holdings, Inc. (NASDAQ:OPHC) declined to a new 52-week low of $0.57 as the bank holding company posted a loss in its 3Q. It seems investors were expecting better numbers for the quarter than what the company did report. The failure saw investors heading for the exit door almost en masse if you look at the volume that shifted hands recently.
OptimumBank Holdings, Inc. (NASDAQ:OPHC) posted a net loss of $0.01 per share in the latest quarter. That was an improvement from a loss of $0.05 per share in the same quarter last year. The management remarked that losses in the latest quarter could be attributed to expenses relating to legal and administrative issues, most of which are not recurrent.
According to the CEO, Moishe Gubin, they will continue to seek growth opportunities for the balance of the year and hope to have a strong entry into 2015. Among other efforts, OptimumBank Holdings, Inc. (NASDAQ:OPHC) will increase advertisement activities and the introduction of new products.
There was nothing for investors to love in the stock of Broadwind Energy Inc. (NASDAQ:BWEN). The company disappointed at both the revenue and earnings fronts. As if that was not bad enough, the company also said its backlog declined compared with the same period last year.
Broadwind Energy Inc. (NASDAQ:BWEN) reported revenue of $60.3 million for 3Q, which was down by 1% compared with the same quarter in the prior year. The impact on the revenue mostly came from a weak tower production environment during the quarter. As for the bottom line, the company posted a net loss of $1.8 million or $0.12 per share from the continuing operations. That was better because the company suffered a net loss of $0.18 per share last year. A decline in expenses helped the latest quarter.
As for the backlog, Broadwind Energy Inc. (NASDAQ:BWEN) closed 3Q with $66.1 million, which was 24% lower than the backlog at the end of a similar quarter last year. Nonetheless, the figure almost tripled QoQ.
Glu Mobile Inc. (NASDAQ:GLUU) printed red, declining more than 20%, mostly over sales that missed the estimates. The company is the maker of the popular game known as Kim Kardashian: Hollywood. Although its sales rose 270% in 3Q, the revenue figure of $83.6 million for the quarter fell short of the estimate of $85 million. That miss was enough to get investors worried, leading to the stock price decline. However, all is not lost as the company hopes to generate more revenue from the Kim Kardashian: Hollywood titles.
It is worth noting at this juncture that Glu Mobile Inc. (NASDAQ:GLUU)’s EPS of $0.17 exceeded the estimates.