Marvell (MRVL), Madison Square Garden (MSG), Cerus (CERS), Kodiak (KOG) Drop on Earnings Misses

Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), Madison Square Garden Inc. (NASDAQ:MSG), Cerus Corp. (NASDAQ:CERS), Kodiak Oil & Gas Corp. (AMEX:KOG) were all plummeting, with all of them being punished for missing analysts' estimates.

Kodiak Oil & Gas Corp. (KOG) was trading at $6.93, down $0.39, or 5.33 percent, as of 12:51 PM EST. They are being pressured for missing on revenue.

Cerus Corp. (CERS) was trading at $2.95, down $0.41, or 12.20 percent. They are also being pressured from a revenue miss, falling short of estimates by 15 percent for the latest quarter. They were also downgraded from "Outperform" to "Neutral" by Robert W. Baird.

Madison Square Garden Inc. (MSG) was at $27.58, falling $2.13, or 7.17 percent. Profits fell shore of analysts' estimates. They were also downgraded. Miller Tabak cut their rating from "BUY" to "Neutral."

Marvell Technology Group Ltd. (MRVL) continues to get hammered, trading at $16.42, losing $1.80, or 9.88 percent. They missed on revenue and earnings for the latest quarter.