What’s Moving These Hot Stocks: Maxwell Technologies, Deckers, POZEN, InterMune
Maxwell Technologies Inc. (NASDAQ:MXWL) misses its first quarter predictions and provides guidance, and its shares fall over the edge. The maker of ultracapacitor forecasts a second quarter revenue of between $40.8 million and $41.9 million, against a consensus of $47.1 million; and current-year growth in a range of 15 to 20 percent with a consensus of 28 percent. Needham, however, says that the recent deficits arise from stalled demand in the European markets for wind power and hybrid buses, with the long term outlook still intact.
Deckers Outdoor Corp. (NASDAQ:DECK) shares’ present slump could make for a buying opportunity, says SA author David Matusazk. Attributing the mild winter and the soaring costs of lamb skins as causes for Deckers’ weak first quarter, the analyst expects that new store openings and a return to colder winters to set up better results for the retailer in the long term.
POZEN, Inc. (NASDAQ:POZN) shares fall as the biotech firm touches the ‘third rail’, announcing that more data is being requested by the FDA (!). In this case, the request for additional data is for its PA32540 fixed-dose “safer aspirin” product; the turn of events might push back submission of its new drug application.
InterMune Inc. (NASDAQ:ITMN) announces a wider first quarter loss and also lower revenue estimates than consensus. Sales of the firm’s top-of-the-line Esbriet missed as well, with net sales of only $4.9 million. Shares fell in response.
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