Arena Pharmaceuticals, Inc (NASDAQ:ARNA) announced a net loss in the second-quarter allocable to common stockholders of $22.1 million or $0.12 a share, narrower than $22.9 million or $0.16 a share in same period previous year.
The company reported that total revenue for the Q2 moved up to $21.98 million from $3.26 million in the similar period previous year.
Thomson Reuters analysts survey on average anticipated the corporation report a loss of $0.07 a share on $10.04 million of revenue for the Q2.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. VIVUS, Inc (NASDAQ:VVUS) fell -2.43% to settle at $21.66, Orexigen Therapeutics, Inc (NASDAQ:OREX) moved down -1.41% to end at $4.19 while GlaxoSmithKline plc (ADR) (NYSE:GSK) decreased -1.04% to finish on Thursday at $46.69.
Arena Pharmaceuticals, Inc (NASDAQ:ARNA) last session volume of 7.99 million shares was lower than its average volume of 22.33 million shares. The stock after opening at $7.27 hit high price of $7.49 and then closed at $7.36 by scoring +0.82%.
ARNA generated revenue of 10.98 million in the following twelve months and earned $-98.73 million. The Company showed a negative -873.19% in the net profit margin and as well as in its operating margin which remained -718.27%. Company’s annual sales growth for the past five year was -16.09%.
The ARNA past twelve months price to sales ratio was -122.33 and price to cash ratio remained -30.67. As far as the returns are concern, the ARNA return on equity was recorded as -160.96% and decreased -49.68% returns on investment while its return on asset stayed at -45.61%.
The stock showed weekly downbeat performance of -5.03% which was maintained for the month at -33.87%. Likewise the positive performance for the quarter was recorded as +101.09% and for the year was +470.54% while the YTD performance remained at +293.58%.
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