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Market Update Analysis: 
Genentech Profit Surges 68%
Author: Elena Todorova
123jump.com
Last Update: 11:25 AM EDT April 12 2007


Genentech said Q1 profit surged 68% and sales climbed 43% although sales of two of its key cancer treatments came in lower on a sequential basis. The stock dropped 2.5%. Nautilus tumbled 16.3% after it cut its Q1 earnings forecast to the range of 8 cents to 9 cents a share, down from a previous forecast of 18 cents to 21 cents on revenue of $185 million to $195 million. MarineMax dipped 15% after it sharply cut its 2007 profit guidance. Men''''s Wearhouse fell 6% on disappointing outlook.

 

 

 

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