Shares of Wave Systems Corp. (WAVX) Crash

Shares of Wave Systems Corp. (NASDAQ: WAVX) are moving lower today after the company reported disappointing earnings. Shares of the company were down 25 percent in early trading on Friday. The company posted a loss of -0.09c per share vs. -0.03 for the same period last year. Total net revenues was $7.0 million, compared with $7.5 million in Q1 '11 and $11.0 million in Q4 '11.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• S&P 500 may pull back before midterms, but Citi says buy the dip
• Bernstein remains bullish on SpaceX but sees challenges in telecom ambitions