Mako Surgical (Nasdaq: MAKO) Plunges After Cutting Rio System Sales Forecast

Orlando, FL 7/10/12 (StreetBeat) -- Mako Surgical Corp. (Nasdaq:MAKO) fell 40 percent in New York trading after saying it expects to sell fewer RIO robotic arm orthopedic systems this year, less than forecast.

Mako dropped $9.92 to $14.69 at 9:10 a.m. The shares had declined 2.4 percent this year through yesterday.

Based on results from the first six months, 42 to 48 of the systems may be sold this year, theFort Lauderdale, Florida- based company said in a statement yesterday. The prior outlook called for sales of 52 to 58 systems, Mako said.

“I think it’s an issue of management credibility and of growth,” said Michael Matson, a New York-based analyst with Mizuho Securities USA, in a telephone interview. “The growth is not as strong as people had thought.”
Matson has a neutral rating on Mako.

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Tuesday’s biggest gaining and declining stocks

Palm Beach, FL 5/8/12 (StreetBeat) -- The following companies made notable moves in U.S. trading on Tuesday:

Gainers

FreightCar America Inc. (Nasdaq: RAIL +2.55%) rose 10% after the firm said Tuesday that its first-quarter profit came in at about $10 million, or 81 cents, versus a $1.3 million, or 11 cents a share, loss a year ago.

GTX Inc. (Nasdaq: GTXI +14.52%) rose 15% after it said the U.S. Food and Drug Administration has lifted its hold on clinical trials for the potential advanced prostate cancer and hormonal treatment Capesaris.

Decliners

Electronic Arts Inc. (Nasdaq: EA -6.87%) declined 5%. The game maker said it expects fiscal first-quarter adjusted revenue of $500 million on an adjusted loss of 40 cents to 45 cents a share. Analysts polled by FactSet Research were looking for a loss of 33 cents a share on $581 million in revenue.

Shares of Fossil Inc. (Nasdaq: FOSL -32.93%) fell more than 29% after the firm said its first-quarter earnings rose 4.2%, but a softening European economy contributed to the watch and fashion-accessories retailer’s slower-than-expected sales growth.

Mako Surgical Corp. (Nasdaq: MAKO -36.50%) dropped 37% after the surgical products maker said its first-quarter results came in at the low end of expectations. The company also pared back its 2012 sales projections for its key robotic arm systems to a range of 52 to 58, down from its earlier forecast of 56 to 62 systems.

Rackspace Hosting Inc.’s (NYSE: RAX -12.79%) shares dropped 14% after the company’s first-quarter earnings of 17 cents a share came in a penny below Wall Street’s projection.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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