Thursday, April 26, 2007

Earnings update: 4-26-07

MMM up over 3 dollars per share (>4%) to $80.15.

BMY is down 60 cents a share to 29.11 as they are reporting lower 1Q profit as reflected by generic introduction of Plavix. BMY also lost patent protection of it's cholesterol drug Pravachol.

CYTK earnings due at 1:30pm Pacific. CYTK is trading down 5 cents/share in morning trading at $6.62.

IDIX earnings due at 1:30p pacific. Trading a bit down in light morning trading as investors await results.

MLNM is down 40 cents a share by narrowed 1Q losses, helped by higher sales of its cancer drug Velcade, royalties and a decrease in stock-based compensation expense. MLNM is trading at $11.55 a share at this hour.

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