Traders Buzz: Axiall Corp(NYSE:AXLL), Avanir Pharmaceuticals, RadioShack Corporation, D.R. Horton, Inc.(NYSE:DHI)
Axiall Corp(NYSE:AXLL) shares declined 4.72% to $43.79. AXLL‘s stock had its “outperform” rating restated by analysts at Wells Fargo in a research report issued to clients and investors on May 13.
Additionally, the company on May 7 reported first-quarter net loss of $3.5 million or $0.06 per share, compared with net income of $35 million or $1.01 per share a year ago. Adjusted earnings for the quarter were $45 million or $0.75 per share, compared with $27.6 million or $0.79 per share last year. Analysts estimated earnings of $1.17 per share for the quarter. Net sales for the quarter increased to $1.06 billion from $859.9 million last year. Analysts had consensus revenue estimated of $1.13 billion.
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares dropped 4.71% to $3.24. The company on April 26 announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion for NUEDEXTA® (dextromethorphan hydrobromide and quinidine sulfate), recommending NUEDEXTA be approved for the treatment of pseudobulbar affect (PBA), irrespective of neurologic cause. In addition, the CHMP also recommended approval of two dose strengths of NUEDEXTA; 20/10 mg and 30/10 mg capsules.
RadioShack Corporation (NYSE:RSH) shares decreased 4.64% to $3.70. The company on May 22 announced it will accept customer donations to the American Red Cross to directly benefit victims of tornadoes in Texas and Oklahoma. The donations can be made at the point of sale at all RadioShack stores nationwide.
When checking out, customers will have the option of donating $1, $5 or $10 to directly benefit tornado victims in Oklahoma and Texas.
D.R. Horton, Inc.(NYSE:DHI) shares dropped 4.55% to $24.52. The company on April 26 reported a 173 percent jump in quarterly profit and said orders for future sales rose 34 percent. Net income rose to $111.0 million, or 32 cents per share, in the second quarter from $40.6 million, or 13 cents per share, a year earlier. Revenue rose 49 percent to $1.39 billion.