PHOENIX, January 9, 2015 /PRNewswire/ -- EarningForecast.com has issued earnings forecast research with special focus on financial performance of the following stocks: Arena Pharmaceuticals (NASDAQ:ARNA), Petrobras (NYSE:PBR), Alibaba (NYSE:BABA), Apple (NASDAQ:AAPL), Gilead Sciences (NASDAQ:GILD), and Applied Materials (NASDAQ:AMAT).
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Report Highlights:
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA): The share of Arena Pharmaceuticals (NASDAQ:ARNA) began the trading session with a price of US$5.54. When day-trade ended, the stock price fell 1.54% to US$5.76 by the end of last trading session with 60.05 million shares exchanged hands, compared to daily average volume of 6.72 million. The average volume for Arena Pharmaceuticals has been 3.7 million shares per day over the past 30 days. Arena has a market cap of $774.8 million and is part of the health care sector and drugs industry. The stock has a beta of -4.57 and a short float of 20.7% with 2.77 days to cover. The company has improved earnings per share by 37.5% in the most recent quarter compared to the same quarter a year ago. The industry of Biotechnology lifted about 0.54%, the competitor GlaxoSmithKline rose about 2.56% to the price of US$43.19. Do you think Arena Pharmaceuticals will go on? Do you think now is a good time to buy the stock? Investors could check ARNA earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/010915A/ARNA/Arena.pdf
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR): The share of Petrobras (NYSE:PBR) began the trading session with a price of US$6.55. When day-trade ended, the stock price soared 9.03% to US$6.76 by the end of last trading session with 52.39 million shares exchanged hands, compared to daily average volume of 41.24 million. The revenue growth came in higher than the industry average of 6.7%. From the same quarter one year prior, its revenues slightly increased by 3.8%. The debt-to-equity ratio is somewhat low, currently at 0.84, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. TheStreet's Jim Cramer explained Wednesday why he thinks an oil supply correction would not occur until 2016. The industry of Major Integrated Oil & Gas earned about 0.78%, the competitor Exxon Mobil lifted about 1.66% to the price of US$92.23. Do you think Petrobras will go on? Do you think now is a good time to buy the stock? Investors could check PBR earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/010915A/PBR/Petrobras.pdf
Alibaba Group Holding Ltd (NYSE:BABA): The share of Alibaba (NYSE:BABA) began the trading session with a price of US$102.95. When day-trade ended, the stock price rose 2.84% to US$105.03 by the end of last trading session with 12.94 million shares exchanged hands, compared to daily average volume of 15.90 million. The three Alibaba rivals - Wanda, Tencent and Baidu - are joining forces in an effort to beat back Alibaba's overwhelming e-commerce market share. The Wanda E-commerce joint-venture partners may provide the needed pieces to make that happen. Wanda Group is focused on brick-and-mortar department stores and luxury hotels, Baidu is a large Chinese search engine, while Tencent has been named Alibaba's largest direct rival. Alibaba, Tiger Global Management LLC, and two other unnamed investors participated in US$800 million series D funding of Chinese taxi and private car app maker, Kuaidi Dache. The industry of Specialty Retail, Other earned about 0.79%, the competitor Amazon.com lifted about 0.68% to the price of US$300.46. Do you think Alibaba will go on? Do you think now is a good time to buy the stock? Investors could check BABA earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/010915A/BABA/Alibaba.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:
Apple Inc. (NASDAQ:AAPL):
Read Full Report: http://www.earningforecast.com/PR/010915A/AAPL/Apple.pdf
Gilead Sciences, Inc. (NASDAQ:GILD):
Read Full Report: http://www.earningforecast.com/PR/010915A/GILD/GileadSciences.pdf
Applied Materials, Inc. (NASDAQ:AMAT):
Read Full Report: http://www.earningforecast.com/PR/010915A/AMAT/AppliedMaterials.pdf
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