Newpark
Resources, Inc. (NYSE:NR) plunged 30.18% to $5.76 on unusual
volumes. For the third-quarter, earnings of the company were $0.09 per share,
compared with break-even per share in the same quarter last year.
On average, seven analysts polled by Thomson Reuters
expected the company to report earnings of $0.11 per share for the period.
Analysts' estimate typically excludes special items.
Total revenues for the quarter were $179.27 million, up
from $118.2 million in the prior year quarter. Four Wall Street analysts
expected revenues of $187.51 million for the quarter.
PharmAthene,
Inc. (AMEX:PIP) slumped 11.76% to $3.60 with over 3.80
million shares. The company announced that it has priced a registered public
offering of 4,300,000 shares of its common stock at a price to the public of
$3.50 per share. The offering is expected to close on or about November 3,
2010.
The company has Price/Sales ratio of 6.12. The stock has
the 50- Day Moving Average and 200-Day Moving Average prices of $2.18 and $1.68
respectively. At current market price, the market capitalization of the company
stands at $117.97 million.
EXACT
Sciences Corporation (NASDAQ:EXAS) went down 15.64% to $7.23. This
week, the company announced its financial results for the third quarter ended
September 30, 2010.
The company reported a net loss of ($3.4) million, or
($0.08) a share, for the third quarter of 2010. The company had a net loss of
($1.0) million, or ($0.03) a share, for the same period of 2009. Exact’s net
loss for the nine-month period ended September 30, 2010, was ($8.0) million, or
($0.21) a share, compared to ($7.3) million, or ($0.23) a share, for the same
period of 2009.
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) is trading 15.08% lower at $16.39 after the company found potential safety issues with its key kidney drug Feraheme, which reported declining sales, and said it will cut about a fourth of its workforce.
The company said that while the 146 cases of serious
adverse events it had found in a post-marketing study were within the serious
event rate contained in its U.S. packaging insert, it also found
life-threatening and fatal events following the study.
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