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Dendreon (NASDAQ:DNDN) and Quicksilver Resources (NYSE:KWK) Announce Fiscal Q4 Results

on 26/02/2013

NEW YORK, February 26, 2013 — (Net PR News) – Dendreon Corporation (NASDAQ:DNDN) announced on Monday fiscal Q4 loss of $38.70 million, or $0.26 a share, evaluated against a fiscal Q4 previous year profit of $38.1 million, or $0.26 a share.

Profit in fiscal Q4 also comprised special charges amounting to $36.30 million, linking to revamping, contract termination and asset impairment. Adjusted net loss for the three months period was $45.34 million, or $0.30 a share.

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Thomson Reuters 21 analyst’s survey on average forecasted a loss of $0.56 a share for the three months period.  Revenues tumbled to $85.49 million, from $202.15 million, in previous year. Analysts forecasted revenues of $82.88 million.

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Quicksilver Resources Inc (NYSE:KWK) announced a fiscal a loss of $1.10 billion, or $6.47 a share for the Q4, evaluated against a net income of $23.53 million, or $0.14 a share, in the similar quarter previous year.

Net loss on adjusted basis for the three months period was $2.39 million, or $0.01 a share, evaluated against an adjusted net income of $371 thousand in the previous year.

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The Fort Worth, Texas based company announced fiscal Q4 2012 results reflected a $1.2 billion non-cash ceiling test impairment. In the meantime, quarterly revenues fell to $179.07 million from $223.09 million in the similar period previous year.

Thomson Reuters 21 analyst’s survey on average forecasted EPS of $0.01 a share, while 7 analysts forecasted revenues of $168.69 million for the three months period.

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Source: Fast Moving Stock Posted Tue, February 26, 2013 14:47 - Permalink