PowerDsine Ltd. (PDSN) BIG LOSS! I wonder if you can short a $7 stock like this one.
PDSN swung to a second-quarter loss of $1.56 million from a
year-ago profit of $757,000.
On a per-share basis, the Hod Hasharon, Israel, maker of integrated circuits
reported a loss of 8 cents a share. A year earlier, the company posted earnings
of 4 cents.
The company reported a non-GAAP loss of $301,000, or a cent a share,
excluding non-cash stock-based compensation expense of $1.3 million,
Analysts polled by Thomson First Call expected, on average, a second-quarter
loss of 2 cents a share.