QEP Resources Down after Falling Short of Consensus; Amyris Inc. Shares Jump after Positive Forecast


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NYSE:QEP / PK:FSPM / NYSE:EMC / NASDAQ:AMRS
02/27/2014 [ACCESSWIRE]

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

Shares of QEP Resources closed down about 10% on Wednesday on nearly 22 million shares traded. The stock was one of the biggest decliners on the NYSE and hit a new 52-week low of $25.93 during intra-day trading. The stock dropped after the company posted a wider-than-expected net loss. QEP Resources reported a quarterly net loss of $52 million, or 29 cents a share, compared to a net loss of $23.1 million, or 13 cents a share, in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was $377.1 million, 3.3% lower than a year earlier. Excluding one-time charges, the company earned 17 cents a share. Analysts surveyed by Thomson Reuters had forecast 40 cents a share.  Revenue was 1.5% higher than a year earlier to $715.5 million, but also fell short of consensus of $767.8 million.

Fusion Pharm, Inc. (OTC: FSPM) - For an in-depth report on Fusion Pharm, Inc. follow: www.BullTrends.com/stockquote/FSPM

Shares of Fusion Pharma closed up 27.16% on nearly 850,000 shares traded. The stock was one of the biggest gainers in the OTC market. The company announced earlier in the week that it has completed a $1million round of equity funding. Management intends to use the funds to complete outfitting of its recently expanded manufacturing facilities, provide for construction of new sales centers in key markets and to provide operations funding for acquisition of key personnel.

EMC Corporation (NYSE: EMC) – For an in-depth report on EMC Corporation follow: www.BullTrends.com/stockquote/EMC

EMC Corp. closed up a modest 2.61% on Wednesday with about 28.5 million shares traded. The stock was one of the most active stocks on the NYSE. The company was featured in a video on TheStreet. The demand for storage is greater than ever due to increased regulatory requirements and internet usage, which is why EMC remains a stock worth owning, said Kate Warne, chief investment strategist at Edward Jones.

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

Shares of AMRS closed up 26.39% on Wednesday with nearly 2.5 million shares traded, making it one of the biggest gainers on the NASDAQ. The stock soared the most in eight weeks after announcing plans to resume production at its plant in Brazil and forecasting profitability next year. The company said its Brotas, Brazil, facility will resume production of farnesene when the sugarcane harvest begins in March after closing for annual maintenance.

 

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