Onconova Sinks on Disappointing Phase 3 Results; Arris Enterprises beats Zacks Consensus Estimate


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NYSE:SWY / NASDAQ:ARRS / OTC:BB:CTRV / NASDAQ:ONTX
02/21/2014 [ACCESSWIRE]

Safeway Inc. (NYSE: SWY) – For an in-depth report on Safeway Inc. follow: www.BullTrends.com/stockquote/SWY

Shares of Safeway Inc. closed up a modest 2.05% on Thursday with nearly 21 million shares traded. The stock was one of the most active stocks in the NYSE market and came just 15 cents shy of its 52-week high during intra-day trading. The company announced that it was looking to sell itself.  Safeway Inc. said that it is in ongoing discussions regarding a possible sale, though it warned the talks may not result in a deal. The company reported fourth-quarter earnings on Wednesday of 53 cents a share; analysts surveyed by Thomson Reuters expected earnings of 48 cents a share.

Arris Enterprises, Inc. (NASDAQ: ARRS) – For an in-depth report on Arris Enterprises, Inc. follow: www.BullTrends.com/stockquote/ARRS

Arris Enterprises closed up 12.17% on Thursday with about 6.1 million shares traded. The stock was one of the biggest gainers on the NASDAQ and hit a new high of $31.42 during intra-day trading. The company released impressive financial results for the fourth quarter of 2013, significantly beating the Zacks Consensus Estimate. GAAP net loss in the fourth quarter of 2013 was $2.9 million or a loss of 2 cents per share compared with a net income of $14.8 million or 13 cents per share in the prior-year quarter. Quarterly adjusted (excluding special items) earnings per share came in at 49 cents, significantly above the Zacks Consensus Estimate of 42 cents. Quarterly revenues totaled $1,199.1 million, up a whopping 248.6% year over year and well above the Zacks Consensus Estimate of $1,164 million.

ContraVir Pharmaceuticals, Inc. (OTCBB: CTRV) – For an in-depth report on ContraVir Pharmaceuticals, Inc. follow: www.BullTrends.com/stockquote/CTRV

ContraVir Pharmaceuticals closed down 19.46% and was one of the biggest decliners in the OTCBB market on Thursday. The company had no news released to explain the sudden fall. ContraVir Pharmaceuticals, Inc., a biopharmaceutical company, develops drugs to treat herpes zoster disease.

Onconova Therapeutics, Inc. (NASDAQ: ONTX) For an in-depth report on Onconova Therapeutics, Inc. follow: www.BullTrends.com/stockquote/ONTX

Shares of Onconova Therapeutics plummeted 36.58% on Thursday on about 3.3 million shares. The stock hit a new 52-week low of $7.75 during intra-day trading and was one of the biggest decliners in the NASDAQ. The company dropped as much as 44% after the company announced disappointing results from its phase 3 ONTIME trial of rigosertib in higher-risk myelodysplastic syndrome, or MDS, patients who had progressed or relapsed while using hypomethylating agents, or HMA.

 

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