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New York, NY -- (SBWIRE) -- 01/16/2013 -- Ironwood Pharmaceuticals, Inc.’s (NASDAQ:IRWD) fourth-quarter 2012 loss of 41 cents per share compared unfavorably with the year-ago loss of 7 cents per share. The results were hurt by higher selling, general and administrative (SG&A) and collaboration expense. The Zacks Consensus Estimate hinted at a loss of 50 cents per share.
Total revenues in the final quarter of 2012 were down 16.1% year-over-year to $27 million. Revenues were above the Zacks Consensus Estimate of $18 million.Full year 2012 loss was 68 cents per share compared to year-ago loss of 65 cents per share. The loss was narrower than the Zacks Consensus Estimate of loss of 78 cents per share. Revenues in 2012 jumped 128.1% from the previous year to $150.2 million.
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Cobalt International Energy Inc. (NYSE:CIE) is -1.73 at $25.02, with 2,752,208 shares traded. As reported in the last short interest update the days to cover for CIE is 8.055133; this calculation is based on the average trading volume of the stock.
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Trina Solar Limited (ADR) (NYSE:TSL) slipped 1.43% to $5.50 on a traded volume of 2.73 million shares. The Company has received approval to develop a 50 megawatt grid-connected solar power plant project in north central China. The financial terms were not disclosed.The Company said the semi-desert region where the town of Wuwei is located is well-suited for solar energy production due to its strong sunlight and its ability to sell off electricity to other regions in addition to supplying local needs.
How Should Investors React To TSL Now? Find Out Here
Chipotle Mexican Grill Inc. (NYSE:CMG) is trading down sharply after the company warned that higher food costs are going to bite into its fourth-quarter earnings. The good news is that its retail revenues were higher than expected. Shares are currently down almost 8% around $273.50.
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