What the Fuss Amylin Pharmaceuticals, Riverbed Tech and Wynn Resorts?

In the report: Amylin Pharmaceuticals Inc. (NASDAQ:AMLN), Riverbed Technology Inc. (NASDAQ:RVBD) and Wynn Resorts (NASDAQ:WYNN).

Amylin Pharmaceuticals Inc. (NASDAQ:AMLN) has soared more than 11.8 percent today after the company announced that the Food and Drug Administration approved a new use for its Byetta. The drug will be combined with Sanofi-Aventis’ (NYSE:SNY) Lantus drug as an add on therapy to insulin glargine. The news came after the company reported a loss of 7 cents pr share in its third quarter, much lower than the 31 cents per share loss it reported last year. Revenue totaled $155 million.

Riverbed Technology Inc. (NASDAQ:RVBD) shares are 10 percent higher today after the company reported a third quarter of $19.3 million, or 12 cents a share, up from the $13.9 million, or 9 cents per share that it reported during the same quarter last year. Revenue during the period rose to $189.8 million from a year ago revenue of $147.8 million. Excluding one time items Riverbed would have earned 24 cents per share, topping analyst expectations of 21 cents per share.

Wynn Resorts (NASDAQ:WYNN) dropped 5.5 percent today after it reported a net income of $127.1 million during its third quarter on Wednesday but adjusted earnings fell short of Wall Streets estimates. For the three month period the casino operator earned $127.1 million, or $1.01 per share, up from the loss of $33.5 million, or 27 cents per share that it suffered during the same quarter last year. The company attributed the quarterly profit to its operations in the Macau region where a number of casino operators have cashed in on the only province in China that allows gambling. Excluding one time items the company would have reported earnings of $1.05 per share, missing analyst expectations of $1.18 per share. Revenue during the period was reported at $1.29 billion, up from $1 billion last year and matching Wall Street’s predictions.

 

 

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