Arena Pharmaceuticals (ARNA) Key Priorities Plan; Infinera (INFN) Surpasses Estimates
Shares of Arena Pharmaceuticals, Inc. (Nasdaq:ARNA) climbed more than 2% in after-hours trading Tuesday as the company said that it will implement a strategic plan that includes a 35% reduction of U.S. workforce, aiming for about $11.0 million in personnel-related annual cost savings, and another measures to boost efficiency.
ARNA stock finished the regular session at $2.20, down $0.01 (or -0.45%), and 1,334,770 of its shares exchanged hands during the day
Arena Pharmaceuticals, a biopharmaceutical company, has 242.24M Shares Outstanding, Market Capitalization (intraday) of $532.93M and ARNA stock 52-week range is between $1.73 and $6.28 per share.
Infinera Corporation (Nasdaq:INFN) shares closed at $10.42, down $0.15 (or -1.42%) on Tuesday’s trading session. After the closing bell, the company delivered stronger-than-expected quarterly profit and revenue in its financial results
For the third quarter 2015, Infinera posted revenues of $232.5 million and non-GAAP net income of $32.2 million, or $0.22 per diluted share, topping the Capital IQ Consensus Estimate of $0.17 earnings per share on revenues of $225.77 million for the period
INFN stock surged more than 8% in the extended session, following the release of the company’s earnings report
Infinera, which provides Intelligent Transport Networks, has 131.21M Shares Outstanding, Market Capitalization (intraday) of $2.40B and INFN stock one-year range is $13.00 – $25.24 per share
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