U.S stocks ended slightly lower on Thursday, halting its 4-day rally with the S&P 500 index continuing its winning streak into a fifth session, its longest since the middle of March. The market has been "drifiting up while everyone is at the beach," Randy Warren, chief investment officer at Warren Financial Service in Exton, Penn., said of the market's recent steady climb.
Sunesis Pharmaceuticals Inc (NASDAQ:SNSS) went down 0.66% to $2.99 after the Company reported second quarter results. Cash, cash equivalents and marketable securities was $29.3 million as of June 30, 2012. Total revenue was $1.5 million. Research and development expenses increased to $8.1 million. The increases in 2012 were primarily due to an increase in clinical and other expenses related to the VALOR trial. Net loss was $8.6 million compared to net losses of $8.2 million in the same period in 2011.
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Windstream Corporation (NASDAQ:WIN) decreased 7.84% to $9.26 after the Company released second quarter results. Total revenues and sales declined 1% to $1.54 billion. Adjusted Operating Income before Depreciation and Amortization declined 2% to $596 million. Adjusted capital expenditures were $267 million in the quarter. Net income was $54 million or 9 cents per share compared to net income of $97 million or 19 cents per share in the prior year period.
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Viropharma Inc (NASDAQ:VPHM) increased 3.66% to $23.18 after the Company announced second quarter results. Adjusted net income per share was $0.09 compared to $0.43 in the prior year period. However, analysts expected the Company to report earnings of $0.12 per share. Net product sales were $94.64 million versus $128.81 million in the prior year quarter. The decrease was the result of the impact of generic oral vancomycin entries into the market.
Tim Hortons Inc (USA) (NYSE:THI) decreased 4.36% to $50.29. The Company reported second quarter profit was 108 million Canadian dollars or 69 Canadian cents per share compared to C$96 million or 58 Canadian cents in the prior year period. Second-quarter revenue increased 12% to C$786 million, beating the revenue estimate of C$782 million. Same-store sales were up 1.8% in Canada and 4.9% in the U.S.
Manulife Financial Corporation (USA) (NYSE:MFC) went up 0.55% to $11.01. The board of directors has approved a quarterly shareholders' dividend of $0.13 per share, payable on and after September 19, 2012.