Not seeing anything on DJN... Yesterday Brean Murray started it at SELL.
Renovis 2Q Loss Narrows; Beats Street View >RNVS
DOW JONES NEWSWIRES
July 27, 2006 6:27 p.m.
Renovis Inc.'s (RNVS) second-quarter net loss narrowed to $5.83 million, or 20 cents a share, from $9.98 million, or 41 cents a share, a year ago as contract revenue rose sharply.
The South San Francisco, Calif., biopharmaceutical company's contract revenue jumped to $3.65 million from $656,000 a year ago.
On average, analysts expected a per-share loss of 30 cents on revenue of $2.23 million, according to a poll by Thomson First Call.
The company raised 2006 contract revenue guidance to a range of $10 million to $10.5 million from a range of $8.8 million to $9.2 million.
Renovis's share recently traded up 11 cents, or 1%, from the close to $10.70 after hours on Inet |
