Shares of Genetic Technologies Limited (GENE) are up 14.40% at $3.34, after the company this morning announced the issuance of a US Patent covering three of the core genetic markers referred to as single-nucleotide polymorphisms in the Company’s BREVAGenplus risk assessment test. This patent family is assigned to Cambridge University, England and licensed exclusively to Genetic Tech.
The company said the patents comprise an important part of the commercialization strategy for its first-in-class breast cancer risk assessment test.
Over the past year, shares of genetic testing services firm have traded between a low of $1.04 and a high of $11.00. Shares are up 43.59% since the beginning of the year.
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3D Systems Corporation (DDD) shares are down $0.31 to $11.50 in pre-market trading Thursday after the company reported financial results for the second quarter and first six months of 2015.
The maker of 3D printers posted earnings of $0.03 per share on revenues of $170.5 million, up 12.5% from a year ago. Analysts were expecting EPS of $0.08 on revenues of $172 million. The company’s net income came in at ($13.7) million, or ($0.12) per share, from a profit of $2.12 million, or $0.02 per share, a year earlier.
For the first six months of 2015, revenue grew 11% to $331.2 million resulting in a GAAP loss of $0.24 per share.
“We are disappointed with our overall results,” stated Avi Reichental, President and Chief Executive Officer, 3DS. “While a period of high growth enabled us to acquire strategic assets and build critical expertise, our rapid expansion permitted certain operating inefficiencies that we are currently addressing.”
3D Systems shares have plunged 64.41% since the beginning of the year and 75% year-over-year.
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Mondelez International, Inc. (MDLZ) shares surged 5.10% to $48.65 in pre-market trading on news that Bill Ackman’s Pershing Square has acquired a 7.5% stake in US-based snack food maker Mondelez International.
The stake is worth $5.5 billion.
Mondelez issued a statement saying it welcomed Pershing as an investor.
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Mobileye N.V. (MBLY) gained $2.00 to $61.55 in pre-market trading after it reported fiscal results for the second quarter.
In its quarterly report, the Israeli car technology company said it earned $0.10 per share, well above the $0.08 per share analysts were expecting. Revenue rose 56.7% YoY to $52.8 million, above views for $47.89 million.
Mobileye shares have gained 47% year-to-date.
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Shares of Tesla Motors (TSLA) are down more than 19 points, or 7.26%, to $251 in pre-market hours. The electric car maker reported yesterday a loss of 48 cents per share for its latest quarter, smaller than the 60 cents Wall Street was predicting. Revs rose 39.6% YoY to $1.20 billion, above views for $1.18 billion. Despite better-than-expected 2Q numbers, the company lowered its full-year delivery guidance of Model S and Model X cars to 50,000 – 55,000, from a previous estimate of 55,000. It was Tesla’s second cut in its sales forecast in the past year.
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