Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, 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:-
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) shares declined 10.81% to $8.50 after the company yesterday announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock at a price to the public of $8.40 per share. The net proceeds to Achillion from the sale of the shares, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $118.5 million. The offering is expected to close on February 27, 2013, subject to customary closing conditions.
Additionally, the company reported financial results for the three and twelve months ended December 31, 2012. For the three months ended December 31, 2012, the Company reported a net loss of $11.2 million, compared to a net loss of $12.4 million in the three months ended December 31, 2011.
How Should Investors Trade ACHN After The Recent Movement? Find Out Here
PositiveID Corporation (OTC:PSID) shares fell 10.43% to $0.0206. The company yesterday announced it has entered into an agreement to license its iglucose™ technology to Smart Glucose Meter Corp. ("SGMC") for up to $2 million based on potential future revenues of glucose test strips sold by SGMC. These revenues will range between $0.0025 and $0.005 per strip. A person with diabetes who tests three times per day will use over 1,000 strips per year.
Is PSID Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Skyworks Solutions Inc (NASDAQ:SWKS) shares dropped 10.41% and closed at $21.16 in the last trading session. The company, on Jan. 30, announced that for the second quarter of 2013, it expects revenue to be up 15% year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share (EPS) of $0.47. Analysts are expecting the Company to report revenues of $416 million and EPS of $0.46 for the second quarter of 2013.
Is SWKS a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Parker Drilling Company (NYSE:PKD) shares declined 10.31% to $5.22 after the company yesterday reported a fourth-quarter net loss of $20.10 million or $0.17 per share compared to a loss of $90.18 million or $0.77 per share prior year. Adjusted net loss was $4.0 million or $0.03 per share. Revenues decreased to $157.19 million from $181.07 million last year. Analysts expected the company to report profit of $0.03 per share on revenue of $151.90 million for the quarter.
How Should Investors Trade PKD After The Latest Earnings Report? Find Out Here
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