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New York, NY -- (SBWIRE) -- 02/26/2013 -- Quicksilver shares (NYSE:KWK) lost 26 cents, or 13 percent, to close at $1.74 amid a broad market decline.Quicksilver lost $1.1 billion, or $6.47 per share, in the fourth quarter. A year ago it turned a profit of $23.5 million, or 14 cents per share, in the quarter. Excluding the impairment charge Quicksilver said it lost a penny per share in the recent quarter. Revenue fell 20 percent, to $179.1 million.
Analysts expected net income of a penny per share and $173 million in revenue, according to FactSet.For all of 2012 Quicksilver took a loss of $2.49 billion, or $14.61 per share. The company made $90 million, or 52 cents per share, in 2011. Revenue fell 29 percent last year to $670.8 million.
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Affymax, Inc. (NASDAQ:AFFY) plunged 81.54% to $3.53 in the pre-market trading hours. The Company said they are voluntarily recalling all lots of anemia treatment Omontys in the United States due to reports of serious hypersensitivity reactions, including some deaths.
Affymax, Inc. will host a teleconference and webcast at 5:30 a.m. Pacific Time; 8:30 a.m. Eastern Time today, February 25, to discuss the voluntary recall of OMONTYS Injection.
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Shares of office-based real estate investment trust CommonWealth REIT (NYSE: CWH ) dipped as much as 11% after announcing its fourth-quarter earnings results and a share offering.
For the quarter, normalized funds from operation were $0.82 compared to $0.76 in the year-ago period. However, the company reported a hefty loss of $1.96 because of a loss on asset impairment of $168.6 million during the quarter. Lease rates for its properties improved slightly to 90% from 89.6% in the comparable period last year. More damaging, CommonWealth REIT announced that it'd be commencing a public offering of 27 million shares of stock in order to pay down up to $450 million of its senior notes. Any proceeds not explicitly used to pay down debt could also be used for general corporate purposes.
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3D Systems Corp. (NYSE:DDD) reported fourth quarter net income of $0.39 per share Monday morning, compared to $0.27 per share in the prior year. The consensus estimate was for EPS of $0.38. Full year 2013 adjusted EPS is expected to be between $1.00 and $1.15. The consensus estimate is for EPS of $1.58.
3D Systems gapped open lower Monday and is now down 6.29 at $31.68 on above average volume. The stock has fallen to over a 2-month low.
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