Orlando, FL -- (SBWIRE) -- 08/08/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On: Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), The Wendy's Co (NASDAQ:WEN).
Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) has delivered earnings of 17 cents per share in quarter two. The company had revenues of revenues of $68.9 million for the quarter, which was 213% more than the previous year, because of a $65 million milestone payment that it got from partner Eisai related to Belviq.
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The company had launched the obesity drug, Belviq, in the U.S in June this year. The results include few weeks of the drug sales as the company had close to $1.3 million of the drug.
The expenses pertaining to Research and development (R&D) as well as general and administrative were $18.8 million and $8.6 million during the quarter. The company is expecting R&D spend of $70-78 million and G&A spend of $28-34 million in 2013.
The company recently entered into an agreement with Taiwan-based CY Biotech for marketing as well as supply of Belviq in Taiwan.
The obesity market has huge potential as the World Health Organization estimates that the number of obese people have doubled since 1980.
The Wendy's Co(NASDAQ:WEN)’s witnesses a surge of 8.2% in its shares on announcements of its second quarter results of year as well as a dividend hike. The firm would be giving detailed financial results on Aug 7.
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The company’s second-quarter 2013 adjusted earnings were 8 cents per share which was higher than 5 cents a year ago.
The company’s total revenue in the second-quarter was up by 0.7% to $650.5 million. The firm’s Adjusted earnings before interest, taxes, depreciation and amortization was $102.1 million deu to high restaurant margin as well as reduction in general and administrative costs.
Wendy has increased its dividend by 25% to 5 cents per share.
The company is expecting growth of 2-3% from restaurants in North America in the current year.
It is also expecting better year-over-year profitability for the second half of the year. The firm plans to open 25 company-owned and 40 franchised units in 2013. All this indicates a slow but steady progress.
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