Zoran Corporation (NASDAQ: ZRAN) is leading the after-hours session for volume alerts on downward volume. The company reported a loss of -$0.08 EPS on revenues of $99.3 million. The company’s Thomson Reuters estimates were -$0.05 EPS on $99.8 million in revenue.
Zoran sees its fourth quarter adjusted loss at -$0.39 to -$0.43 EPS and revenues of $60 to $65 million. Those estimates were -$0.06 EPS and $95.17 million in revenues.
At 4:45 PM EST the stock is trading down over 21% at $5.90 after closing at $7.56. There have been more than 100,000 shares in the after-hours session alone. If tonight’s reaction gets any worse, Zoran will be close to challenging the lows of early 2009 when the world was close to an end.
JON C. OGG