Companies whose shares are expected to trade actively in today’s session are Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), Express, Inc. (NYSE:EXPR), Velti Plc (NASDAQ:VELT), Dole Food Company, Inc. (NYSE:DOLE), Box Ships Inc (NYSE:TEU) and Eagle Rock Energy Partners, L.P. (NASDAQ:EROC).
Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI): The pharmaceutical company warned Tuesday that the first quarter sales of its colon cancer drug Fusilev could drop more than 70 percent, and full-year sales could sink as much as 60 percent. Chief executive Raj Shrotriya said that the first quarter sales of Fusilev would decline from $44.6 million to $10 million, and full-year sales would fall from $204 million to $80-90 million. Shares fell 35.56 percent to $8.01 in early trading.
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Express, Inc. (NYSE:EXPR): The apparel and accessory retailer’s fourth quarter profits soared to $63.9 million or 75 cents per share from $60.4 million or 68 cents in the same period a year ago. Fourth quarter revenues rose from $673.2 million to $728.7 million. Analysts were expecting 74 cents a share in earnings. But the company issued pessimistic guidance for the current quarter as it is hurt by slow consumer spending. Shares dipped 13 percent to $16.40 in early trading.
Velti Plc (NASDAQ:VELT): The mobile marketing company swung to a fourth quarter loss due to higher operating expenses and heavy charges, offsetting its top-line growth. Shares plunged 28.62 percent to $2.22 in early market trading.
Dole Food Company, Inc. (NYSE:DOLE): The fruit and vegetable producer swung to a fourth quarter loss due to weaker fresh fruit sales. Earnings were also hurt by costs related to a divestiture deal. Shares dipped 7.67 percent to $10.83 in the early session as results missed Wall Street estimates.
Box Ships Inc (NYSE:TEU): The Athens-based shipping company is planning to sell 25 million of its share. Proceeds will be used for repayment of debts, acquisition of new vessels and general corporate purposes. Shares tanked 10.82 percent to $5.11 in early trading.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC): The company has started offering its 8 million units that represent limited partnership interests. As of February 25, the oil and natural gas producer had 147.3 million outstanding units. Unit prices were down 2.97 percent to $9.35 in early market trading.