Diamonds and Dogs
Alder Biopharmaceuticals Inc. (ALDR)
Alder Biopharma is on fire today, up 21.70% to $36.74. The clinical stage biotech company saw its shares pop after beating on earnings. For the quarter, Alder reported a loss of $14.7 million or a loss of $0.40 per share. While the numbers seem poor, the stock rallied due to beating analysts' estimates for a loss of $0.45 per share. Shares of Alder spiked over $6.50 today to a new 52-week high of $37.20.
Fluidigm Corporation (FLDM)
Fluidigm Corp is trading lower today, down 26.80% to $27.40. The single cell analysis company saw its shares tank after missing on earnings. For the quarter, Fluidigm announced revenue of $26.7 million which equates to an adjusted loss of $0.25 per share. Wall Street was expected the company to have revenue of $30.3 million. Shares of Fluidigm fell over $10.00 but were able to hold above their 52-week low of $21.71.