Home HEALTH Hot Stocks in Focus: Vical Incorporated (NASDAQ:VICL), Turquoise Hill Resources Ltd (USA)(NYSE:TRQ), Baidu.com, Inc. (ADR)(NASDAQ:BIDU)

Hot Stocks in Focus: Vical Incorporated (NASDAQ:VICL), Turquoise Hill Resources Ltd (USA)(NYSE:TRQ), Baidu.com, Inc. (ADR)(NASDAQ:BIDU)

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Vical Incorporated (NASDAQ:VICL) shares declined 4.55% to $3.99. The company on August 1 reported financial results for the three months and six months ended June 30, 2013. Revenues were $1.5 million for the second quarter of 2013 compared with $1.6 million for the second quarter of 2012, reflecting ongoing reimbursements from Astellas Pharma Inc. for expenses related to the development of ASP0113 (TransVax™), Vical’s therapeutic vaccine designed to control cytomegalovirus (CMV) reactivation in transplant recipients. The net loss was $9.9 million, or $0.11 per share, for the second quarter of 2013, compared with $7.9 million, or $0.09 per share, for the second quarter of 2012.

Turquoise Hill Resources Ltd (USA)(NYSE:TRQ) shares decreased 4.17% to $4.60. The company, on July 29, announced that the company has received notification from the Government of Mongolia that project financing for Oyu Tolgoi will now require approval by the Mongolian Parliament.

Turquoise Hill continues to engage with Rio Tinto and the Government of Mongolia to finalize project financing. Due to the need for parliamentary approval, it is likely to take some time to gain the necessary consent. As a result, funding and development of the Oyu Tolgoi underground will be delayed until matters with the Mongolian Government can be resolved and a new timetable has been agreed.

Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares dropped 4.16% to $133.89. The company on July 24, announced its unaudited financial results for the second quarter ended June 30, 2013. Total revenues in the second quarter of 2013 were RMB 7.561 billion ($1.232 billion), a 38.6% increase from the corresponding period in 2012. Net income attributable to Baidu in the second quarter of 2013 was RMB 2.644 billion ($430.8 million), a 4.5% decrease from the corresponding period in 2012. Diluted earnings attributable to Baidu per ADS for the second quarter of 2013 were RMB7.52 ($1.22); diluted earnings attributable to Baidu per ADS excluding share-based compensation expenses (non-GAAP) for the second quarter of 2013 were RMB7.75 ($1.26).