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.
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