A Look at 5 Tanking Stocks and Developments Behind Their Decline

Tyco International PLC (NYSE:TYC)‘s stock is down by around 4% after the company posted revenue of $2.51 billion and a net income attributable to common stockholders of $0.15 per share for the fourth quarter of fiscal 2015. This compares to a revenue of $2.70 billion and a net loss of $0.20 per share reported a year earlier. The revenue also came short of estimates of $2.55 billion, while the $0.61 in EPS excluding special items was in line with the expectations. At the end of June, 39 funds among those we track held shares of Tyco International PLC (NYSE:TYC), amassing 5% of the company’s outstanding stock.

The shares of Nordstrom, Inc. (NYSE:JWN) have tanked by more than 17% on the back of the company’s financial results for the fiscal third quarter. During the quarter, Nordstrom managed to increase its sales to $3.24 billion, from $3.04 billion reported a year earlier, but its EPS slid to $0.42 from $0.73, including a reduction of $0.15 per share from the transaction costs related to the closing of Nordstrom’s credit card portfolio sale. Still, the adjusted EPS of $0.57, came short of the consensus estimate of $0.72, while revenue was also below the Street’s projection of $3.37 billion. Nordstrom, Inc. (NYSE:JWN)  posted a comparable sales growth of 3.5% for the quarter, but lowered its guidance for the full year, expecting comparable sales growth between 2.5% and 3.0%, versus 3.5% – 4.5% range projected earlier. The sales increase outlook was also reduced to the range of 7.5% to 8.0% from 8.5% to 9.5%. A total of 27 funds from our database amassed nearly 7% of Nordstrom, Inc. (NYSE:JWN)’s outstanding stock at the end of June, down from 34 funds a quarter earlier.

Finally, El Pollo LoCo Holdings Inc (NASDAQ:LOCO)‘s shares have declined by some 13% so far on Friday as the company missed the top line estimates for the third quarter and provided a weaker-than-expected outlook. El Pollo Loco reported revenue of $88.9 million and adjusted EPS of $0.18, above $86.6 million and $0.13 reported a year earlier, while the Street projected EPS of $0.15 on revenue of $90.40 million. For the full year, El Pollo LoCo Holdings Inc (NASDAQ:LOCO) expects EPS in the range of $0.67 to $0.69, slightly below the previous range of $0.67 to $0.69.

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