Orlando, FL -- (SBWIRE) -- 08/27/2013 -- 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 LDK Solar Co., Ltd (ADR) (NYSE:LDK), MannKind Corporation(NASDAQ:MNKD).
LDK Solar Co., Ltd (ADR) (NYSE:LDK) shares decreased 9.77% to $1.57. The company on August 27 reported its unaudited financial results for the second quarter ended June 30, 2013. Net sales for the second quarter of fiscal 2013 were $114.7 million, compared to $104.3 million for the first quarter of fiscal 2013, and $235.4 million for the second quarter of fiscal 2012. Net loss available to LDK Solar's shareholders for the second quarter of fiscal 2013 was $165.3 million, or a loss of $0.97 per diluted ADS, compared to net loss of $187.1 million, or a loss of $1.21 per diluted ADS for the first quarter of fiscal 2013 and net loss of $254.3 million, or a loss of $2.00 per diluted ADS for the second quarter of fiscal 2012.
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Additionally, the company on July 30 announced that it has appointed two new members to the Company's Board of Directors, Mr. Michael Nacson and Mr. Kurt Metzger. The two Board members were nominated by the holders of the Company's 3% Convertible Notes as a condition of the Forbearance Agreement announced on June 28th.
MannKind Corporation(NASDAQ:MNKD) shares jumped 2.34% to $5.91. The company on August 14 announced positive preliminary results from Study 171, a Phase 3 clinical study of AFREZZA® (insulin human [rDNA origin]) Inhalation Powder, an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind's next-generation (Gen2) inhaler (also known as the Dreamboat™ inhaler), in patients with type 1 diabetes.
Additionally, the company on August 9 reported financial results for the second quarter ended June 30, 2013. The net loss for the second quarter of 2013 was $46.1 million, or $0.16 per share, as compared with a net loss applicable to common stockholders of $36.6 million, or $0.23 per share based on 159.9 million.
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