Posts Tagged ‘IPGP’

IPGP in the picture, ALU not aloof, MRNA below surface

Thursday, February 10th, 2011

IPG Photonics Corporation (Nasdaq: IPGP) shares gained 33.6% to $46.42 Thursday, on volumes of 636,815 shares, already triple its daily average, after the Oxford, Mass. company said it expects Q4 revenue of about $100 million, ahead of its forecast of $80 million to $86 million. It expects Q4 earnings of 53 to 56 cents a share, ahead of its earlier view of 30 to 35 cents a share.

Alcatel-Lucent SA (NYSE: ALU) traded in nearly 57 million shares Thursday, trumping its daily average of 16.6 million. Prices leaped 20% to $4.28, after the telecom-equipment group said profit soared in the fourth quarter on rising demand for broadband networks across the globe.

Marina Biotech Inc. (Nasdaq: MRNA) shares declined 28.6% to 80 cents. Volumes of 5.2 million shares made mincemeat of a daily average of 375,934, a day after the Bothell, Wash. company announced that it intends to offer and sell common stock and warrants in an underwritten public offering.