Shares of Dendreon (NASDAQ:DNDN) gained 16% in late morning trade Monday as investors responded enthusiastically to the biotechnology company’s Q4 results and its announcement it will make its Provenge prostate-cancer treatment commercially available in Germany and the U.K. The company reported a narrower-than-expected Q4 adjusted loss on revenue that was above Street estimates and saw…
Stillwater Mining Company (NYSE:SWC) was higher nearly 3% in early trade after lifting its guidance for 2014, even as it swung to a Q4 loss on an impairment charge. The producer of palladium, platinum and other metals reported a Q4 loss of $0.65 per share compared to a profit of $0.13 the year earlier and,…
Bemis Co. (NYSE:BMS) said it will close its plant in Stow, Ohio, which is one of its Pressure Sensitive Materials manufacturing facilities, resulting in the loss of about 115 jobs. The company said it will take a pretax charge of about $30 million in 2014 related to the closure, which includes costs related to the…
Exlservice Holdings Inc. (NASDAQ:EXLS) rose 7.1% after the company reported Q4 earnings that beat analysts’ estimates. The consulting company said adjusted Q4 earnings increased 25% from a year earlier to $0.55 a share, exceeding estimates on Capital IQ of $0.49. Exlservice Holdings Inc. (NASDAQ:EXLS) had diluted earnings per share of $0.47 compared to $0.36 a year…
Canada-listed Osisko Mining (TSE:OSK.TO) said Monday it has reached an agreement with larger dual-listed rival Goldcorp Inc. (NYSE:GG) to settle a proceeding Osisko (TSE:OSK.TO) commenced against Goldcorp (NYSE:GG) in the Quebec Superior Court, which prompted GG shares to gain 2.5% in early Monday trading. Under the agreement, Osisko (TSE:OSK.TO) has agreed to provide Goldcorp (NYSE:GG) full due-diligence access to…
J.P. Morgan increased its target price on Tesla Motors Inc. (NASDAQ:TSLA) to $164, increased its estimates and set a “neutral” rating. The firm noted the Gigafactory should help cut battery costs. Tesla Motors Inc. (NASDAQ:TSLA) dropped -3.06% to $244.81 yesterday on volume of 24,825.00 shares. The intra-day range of the stock was $242.55 – $252.68….
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