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Thursday 28 May 2015
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Losers Stocks Update: Tuesday Morning (NASDAQ:TUES), YRC Worldwide (NASDAQ:YRCW), Insulet (NASDAQ:PODD), Cumulus Media (NASDAQ:CMLS)

On Friday, Tuesday Morning Corporation (NASDAQ:TUES)’s shares declined -9.99% to $14.24.

Tuesday Morning Corporation (TUES) declared that Melissa Phillips, who presently serves as Executive Vice President and General Merchandise Manager, has been promoted to the newly-created position of President and Chief Operating Officer (COO), effective April 30, 2015. In this role, Ms. Phillips will be directly responsible for merchandising, store operations and marketing, and will report directly to Chief Executive Officer Michael Rouleau.

Tuesday Morning Corporation operates as a retailer of upscale decorative home accessories, housewares, seasonal goods, and famous-maker gifts in the United States. Its merchandise primarily comprises of home décor, furniture, kitchen accessories, bed and bath, electrics, luggage, toys, crafts, and pets.

YRC Worldwide Inc (NASDAQ:YRCW)’s shares dropped -9.68% to $14.09.

YRC Worldwide Inc (YRCW) stated financial results for the first quarter of 2015.

Merged operating revenue for the first quarter of 2015 was $1.186 billion with merged operating income stated at $3.7 million. As a comparison, the company stated merged operating revenue of $1.211 billion for the first quarter of 2014 and a merged operating loss of $32.4 million, which comprised of a $0.2 million loss on asset disposals.

YRC Worldwide Inc. provides various transportation services primarily in North America. Its YRC Freight segment offers various services to transport industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products or components.

At the end of Friday’s trade, Insulet Corporation (NASDAQ:PODD)‘s shares dipped -9.65% to $26.97.

Insulet Corporation (PODD) declared financial results for the three months ended March 31, 2015.

First Quarter Highlights and Recent Developments:

First quarter financial results:

U.S. OmniPod revenue in-line with Company’s expectations.

Drug Delivery and International shipments planned for the first quarter now predictable to be realized during remainder of 2015.

Strengthened senior leadership team with appointment of highly-practiced Chief Financial Officer.

Insulet Corporation develops, manufactures, and sells insulin infusion systems for people with insulin-dependent diabetes in the United States. The company offers OmniPod Insulin Administration System (OmniPod System), which comprises of the OmniPod, a disposable insulin infusion device that integrates an infusion set, automated cannula insertion, insulin reservoir, drive mechanism, and batteries; and personal diabetes manager, a handheld wireless device.

Cumulus Media Inc (NASDAQ:CMLS), ended its Friday’s trading session with -9.21% loss, and closed at $2.07.

Cumulus Media Inc (CMLS) declared operating results for the three months ended March 31, 2015.

Net revenue for the three months ended March 31, 2015 reduced $21.0 million, or 7.2%, to $271.1 million, contrast to $292.0 million for the three months ended March 31, 2014. The decrease resulted from decreases of $18.8 million, $1.6 million, and $1.5 million in broadcasting advertising, digital advertising, and political advertising, respectively. The decrease was partially offset by an enhance of $0.9 million in license fees and other revenue.

Cumulus Media Inc. owns and operates radio stations in the United States. It sells commercial advertising time to local, national, and network clients on its radio stations. The company owns and operates about 460 stations in 90 United States media markets; and about 8,500 broadcast radio associates’ and various digital channels.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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