Traders Recap: ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), Raytheon Company (NYSE:RTN), Standard Register Co (NYSE:SR), E I Du Pont De Nemours And Co (NYSE:DD)
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares jumped 2.56% to $20.41. The company is expected to book a narrower loss than a year ago when it reports second quarter earnings on Tuesday, August 6, 2013 with analysts expecting a loss of nine cents per share, up from a loss of 10 cents per share a year ago. Analysts are expecting a loss of 36 cents per share for the fiscal year. For the year, revenue is expected to come in at $1.8 million.
Raytheon Company (NYSE:RTN) shares jumped 2.55% and closed at $75.65 in the last trading session. The company on July 24 announced that its Board of Directors has declared a quarterly cash dividend of $0.55 per outstanding share of common stock. The cash dividend is payable on Oct. 31, 2013, to shareholders of record as of the close of business on Oct. 2, 2013.
Additionally, the company on July 25 announced second quarter 2013 Adjusted EPS of $1.64 per diluted share compared to $1.57 per diluted share in the second quarter 2012, up 4 percent. Second quarter 2013 EPS from continuing operations was $1.50 compared to $1.41 in the second quarter 2012, up 6 percent. Net sales for the second quarter 2013 were $6,115 million, up 2 percent from $5,992 million in the second quarter 2012.
Standard Register Co (NYSE:SR) shares climbed 2.54% to $14.15. The company on August 1 announced its financial results for the second quarter of 2013. The Company reported revenue of $136.8 million and a net loss of $4.8 million or $0.80 per share. The results compare to second quarter 2012 revenue of $155.1 million and a net loss of $1.1 million or $0.19 per share. Non-GAAP net income was $1.5 million or $0.25 per share compared to $3.8 million or $0.66 per share for the second quarter of 2012.
E I Du Pont De Nemours And Co (NYSE:DD) shares jumped 2.51% and closed at $59.92 in the last trading session. DuPont and GD Solar Co., Ltd. (GD Solar) on July 31 signed a strategic cooperation agreement focused on collaboration to improve the power output, quality and reliability of solar energy systems to meet the world’s growing energy needs. Under the agreement, DuPont will collaborate with GD Solar on the research and development of materials applied to GD Solar panels and systems. DuPont will supply key photovoltaic materials and work with GD Solar to optimize their performance and application for high-efficiency solar cells and panels, integrated frames, new protective backsheet constructions and other system components.