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Biotech / Medical : Myogen (MYOG)
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To: tuck who wrote (20)3/6/2006 6:12:24 PM
From: tuck  Read Replies (1) of 50
 
>>Biotechnology company Myogen Inc. topped Wall Street's consensus target for full-year earnings but the company missed analysts' sales estimate by a wide margin, sending shares lower aftermarket. The company also refrained from issuing financial guidance to review the costs and potential revenue of its drug development program.

Myogen shares dropped $4.51, or 10.9 percent, to $36.80 in extended trading. The stock closed up 33 cents to $41.31 on the Nasdaq.<<

This is a snip from AP's after hours roundup. Pretty funny how little they understand. As if earnings and revenues mattered. Guidance maybe a little. Glaxo deal = 80% of downward move, is my guess. Stock struggling to stay above $36.99 now.

Cheers, Tuck
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