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New York, NY -- (SBWIRE) -- 03/13/2013 -- StockRunway.com issues special report on Morning Movers – Spectrum Pharmaceuticals (NASDAQ:SSPI) and Heckmann Corporation (NYSE:HEK).
Spectrum Pharmaceuticals (NASDAQ:SSPI) estimated that it would bring in no more than $90 million selling its Fusilev cancer medicine this year. That's a great decline from 2012's $204 million, and the stock is getting punished. SPPI declines 35 percent ahead of the bell on tradeMONSTER platform.
The forecast for the year would show a decline of almost 56 percent from Fusilev's 2012 total of $204.3 million, and it is much lower than experts’ estimation.
How shares of Spectrum Pharmaceuticals reacted on Wednesday? Find in this report
Spectrum Pharmaceuticals Inc. (SPPI) declined in premarket session on Wednesday following the pharmaceutical firm reported that sales of its drug Fusilev could drop critically this year.
The Henderson, Nev., firm’s stock began declining on Tuesday following it reported that it predicts Fusilev revenue to total in a range of $10 million and $15 million in the initial quarter and almost $80 million to $90 million for the year.
How Heckmann Corporation gained investors attention on Wednesday? Find out here
Heckmann Corporation (NYSE:HEK) shares rallied almost 12% on Tuesday after the drilling services firm posted a shocking profit for the Q4 and enhanced than predicted revenue.
Heckmann announced a profit of $5M, or 3 cents per share, while experts surveyed by FactSet predicted a loss of 3 cents per share. Revenue increased more than twofold to $113.2M, exceeding the average Wall Street target of $110.1M.
Shares of Heckmann Corporation (NYSE:HEK) were trading above the trend line with positive change of above 3% on last check.
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