Losers Recap: Seven Arts Entertainment, Chelsea Therapeutics International, Corinthian Colleges, Quicksilver Resources

Lakeway, NY -- (SBWIRE) -- 03/05/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Seven Arts Entertainment Inc (PINK:SAPX) shares decreased 2.99% to $0.0065. The company, on Feb. 20, announced its results of operations for the quarter ended December 31, 2012. The Company recorded a gross loss of ($84,288) on total revenue of $182,797 for the quarter ended December 31, 2012 compared to a gross loss of ($412,686) on revenues of $207,790 for the quarter ended December 31, 2011. The Company's net loss increased to ($1,799,894) from ($1,099,422) principally because of two start-up businesses and an increase of interest expense to $933,939 from $328,942, primarily as interest on the loan utilized for the leasehold improvements at the Company's post production facility at 807 Esplanade Avenue in New Orleans was not included in the 2011 expense.

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Chelsea Therapeutics International Ltd.(NASDAQ:CHTP) shares decreased 2.96% and closed at $1.64. The Company, on Mar. 2, announced the receipt of guidance from the Director of the Office of New Drugs at FDA which provides Chelsea a new regulatory path forward for Northera. This guidance has led us to a decision to resubmit a New Drug Application for Northera for the treatment of symptomatic neurogenic orthostatic hypotension which in turn has the potential to yield an approval decision by year-end.

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Corinthian Colleges Inc (NASDAQ:COCO) shares decreased 2.91% and closed at $2 in the last trading session. The company will present an overview of the company at the Credit Suisse 2013 Global Services Conference in Scottsdale, Arizona on Monday, March 11, 2013 at 10:00 am MT/12:00 p.m. ET. Jack Massimino, Chairman and Chief Executive Officer, and Bob Owen, Chief Financial Officer, will make the presentation.

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Quicksilver Resources Inc (NYSE:KWK) stock fell 2.86% to $1.70. The company, on Feb. 25, reported a fourth quarter loss of $1.10 billion or $6.47 per share, versus net income of $23.53 million or $0.14 per share in the same period last year. Adjusted net loss for the quarter was $2.39 million or $0.01 per share. Meanwhile, revenues for the three-month period dipped to $179.07 million from $223.09 million in the same quarter a year earlier. Analysts expected the company to report earnings of $0.01 per share on revenues of $168.69 million for the quarter.

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