Weatherford International Beats Estimates; Cytokinetics Announces Disappointing Tirasemtiv Results


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Companies Mentioned

NYSE:wft / NASDAQ:yndx / PK:vape / NASDAQ:cytk
04/28/2014 [ACCESSWIRE]

Weatherford International Ltd. (NYSE: WFT) – For an in-depth report on Weatherford International Ltd. follow: www.BullTrends.com/stockquote/WFT

Shares of WFT closed up nearly 12% this past Friday, and was one of the biggest advancers on the NYSE. The stock hit a new 52-week high of $20.58 during intra-day trading and traded nearly 36.7 million shares. The company reported earnings with revenue for the first quarter being down 6.3% from a year ago, to $3.6 billion. This came in below estimates of $3.7 billion from Wall Street. The company reported a net loss of $41 million, but on an adjusted basis, earnings were $0.13 per share, which came in $0.02 ahead of estimates.

Yandex N.V. (NASDAQ: YNDX) – For an in-depth report on Yandex N.V. follow: www.BullTrends.com/stockquote/YNDX

Shares of Yandex closed down about 10% this past Friday with nearly 28.2 million shares traded. The stock hit a new 52-week low of $21.70 during intra-day trading. Concerns rose that the company could face pressures from Internet control in Russia.

Vape Holdings, Inc. (OTC: VAPE) – For an in-depth report on Vape Holdings, Inc. follow: www.BullTrends.com/stockquote/VAPE

VAPE shares closed down 17.37% with about 2.1 million shares traded. The stock was a big decliner in the OTC market despite any significant news. On April 24th, the company announced that it has over $100,000 in sales of its proprietary HIVE Ceramic line since it began processing orders in early April. The Company also has back orders for over $250,000 in future sales as they await arrival of the ceramics from the Company's manufacturing facility.

Cytokinetics, Incorporated (NASDAQ: CYTK) – For an in-depth report on Cytokinetics, Incorporated follow: www.BullTrends.com/stockquote/CYTK

Shares of CYTK closed down nearly 65% on Friday with over 17.2 million shares traded. The stock was one of the biggest decliners on the NASDAQ and even hit a new 52-week low of $4.57 during intra-day trading. The company announced disappointing top-line results from its BENEFIT-ALS midstage study involving tirasemtiv. Tirasemtiv did not meet its primary efficacy endpoint of delivering a mean change from baseline in the ALS functional rating scale. 

 

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