VLCM is currently trading down almost 40% in heavy late afternoon trading after the company reported their Q2 earnings. Total revenues for the quarter was $46.1 million dollars, with total net income of $6.5 million dollars. For FY 2006, the company reiterated its previously issued guidance of $1.12 - $1.14 per share of earnings, and a forecast of total revenues of $200 - $203 million dollars. Wachovia came out and downgraded the stock to a Market Perform from an Outperform based on this news. VLCM has set a new 52 week low, dropping past the old mark of $24.40. VLCM is currently trading at $19.66 in late afternoon trading.
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