Stocks To Watch: $ADSK, $SVA, $SZYM
Autodesk, Inc. (NASDAQ:ADSK) reported that there was a decrease in the fourth quarter profits by 28% as compared to the same period last year. This was on account of an increase in costs and expenses as well as a decrease in licensing revenues. Still, the company managed to beat analysts’ expectations in both quarterly revenues and earnings per share. Autodesk, Inc. (NASDAQ:ADSK) reported net income of $53.9 million for the quarter against $74.5 million reported for the same period last year. The adjusted net income, excluding special items, stood at $93.2 million or $0.40 per share against $120.8 million or $0.53 per share for the same period last year. Revenues were down by 3.3% to $586.6 million against $606.9 million for the fourth quarter of 2012.
Sinovac Biotech Ltd. (NASDAQ:SVA) announced that the results of its critical phase 3 trials of Enterovirus 71 will be published in the February 27th issue of The New England Journal of Medicine. The results were very encouraging and showed a 100% efficacy rate against Enterovirus 71 associated hospitalization as well as against associated Hand, Foot and Mouth Disease (HFMD). HFMD and the associated neurological complications are the main cause of fatalities. HFMD affected more than 9 million persons in China from 2008 to 2013 with 2,700 reported fatalities. Out of these about 80% of severe cases and 9% of fatal cases were caused by Enterovirus 71 infection.
Solazyme Inc (NASDAQ:SZYM) reported revenues of $11.3 million for the fourth quarter of 2013 against $8.4 million for the same period 2012. The net loss on GAAP basis increased to $33.3 million versus $24.6 million for the same period of 2012. Total revenues for the full 2013 year were $39.8 million as compared to revenues of $44.1 million for 2012. The full year 2013 GAAP net loss stood at $116.4 million. Solazyme Inc (NASDAQ:SZYM) had reported a net loss of $83.1 million on GAAP basis for 2012. On a non-GAAP basis, the net loss stood at $88.6 million for 2013 as compared to $70 million for 2012.
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