Monday, July 30, 2012

Trina Solar Slid On Earnings Revision (DX, NTAP, ACUR, TSL, ABB)

Dynex Capital, Inc. (NYSE:DX) stock gained 0.59% to $10.29 after the company reported second-quarter of 2012 net income of $18.8 million, or $0.35 per share up from $13.6 million, or $0.34 share in the second quarter of 2011. Net interest income for the quarter increased to $19.01 million from $15.03 million in the same quarter last year. Other income for the quarter increased to $159 thousand from $143 thousand in the year ago period.

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NetApp Inc. (NASDAQ:NTAP) shares declined 0.74% to $32.67 after Fusion-io announced that it is working closely with storage industry leader NetApp to provide solutions using server-side flash and caching software products when used in conjunction with the NetApp Virtual Storage Tier. The two companies are collaborating on low-latency, high-performance solutions for compatibility between the Fusion ioMemory platform and NetApp's Data ONTAP operating system, as well as key caching solutions, including NetApp Flash Cache, NetApp Flash Pool and Fusion-io caching software.

Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) stock plunged 33.77% to $2.04. On July 27, 2012, the company announced that Pfizer Inc. provided notice on July 26, 2012 that it is exercising its right to terminate the license to three development stage products using Acura's AVERSION(R) Technology and return such products to Acura. The termination will become effective in 12 months under the terms of our License Agreement with a subsidiary of Pfizer.

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Trina Solar Limited (ADR) (NYSE:TSL) shares fell 3.88% to $5.20 after the company revised its guidance for solar module shipments and overall gross margin for the second quarter ended June 30, 2012. The company now expects to report solar module shipments for the second quarter between 390 MW and 420 MW. The company expects overall gross margin for the second quarter to range between 7.0% and 9.0%.

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ABB Ltd (ADR) (NYSE:ABB) stock fell 0.29% to $17.47 after the company said it has agreed to acquire the rail vehicle power business of Italy-based RGM S.p.A. for an undisclosed sum. The deal is expected to be closed by the third quarter of 2012. ABB said its customers will benefit from advanced auxiliary converter solutions, in particular for markets with direct current (DC) line voltage, through RGM's expertise in power electronics and rolling stock.

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