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New York, NY -- (SBWIRE) -- 02/26/2013 -- MediciNova Inc. (NASDAQ:MNOV) announced after the bell Monday that it has received Fast Track designation from the FDA for MN-166, for the treatment of methamphetamine dependence.MediciNova gapped up Monday and has risen sharply in early trade on above average volume. The stock is now up 1.42 at $3.56 and has surged to over a 9-month high.
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Halozyme Therapeutics, Inc. (HALO) posted fourth-quarter net loss of $4.4 million or $0.04 per share, narrower than $18.4 million or $0.18 per share in the year-ago period.On average, eight analysts polled by Thomson Reuters expected the company to report a loss of $0.15 per share. Analysts' estimates typically exclude special items.
Operating loss for the quarter narrowed to $4.42 million from $18.43 million in previous year quarter.Total revenues for the current fourth quarter soared to $21.79 million from $2.41 million in the comparable quarter last year, while seven analysts had consensus revenue estimate of $7.32 million for the quarter.
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SunPower Corporation (NASDAQ:SPWR) shares dropped 4.49% and closed at $11.91. The company, on Feb. 7, announced that for the first quarter of 2013, it expects revenue in the range of $475-$550 million, earnings per diluted share in the range of $0.05 to $0.20. On a GAAP basis, the Company expects revenue of $450 million to $525 million, and loss per diluted share of $0.85 to $0.60. Analysts on an average are expecting the Company to report revenues of $544 million and EPS of $(0.10) for the first quarter of 2013.
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InvenSense Inc. (NYSE:INVN) went down 3.63% and shut at $13.01 on a exchanged numbers of 2.0 thousand stocks. The Company declared the smallest information and smallest power 3-axis MEMS gyroscope designed for Mobile phones, Pills, Smart TVs, and Game playing gadgets. The pattern toward slimmer gadgets in the technology market has created demand for elements with a highest possible size of 0.8mm to allow versatile board positioning. InvenSense styles and fabricates micro-electro-mechanical systems (MEMS) technology. Its solution consists of a routine that features activities receptors such as gyroscopes with associated software.
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