Arena Earnings: How Did the Market React?
Arena Pharmaceuticals (NAS: ARNA) , one of a trio of companies developing treatments for the obesity market, released its Q3 earnings after the market closed yesterday. Despite a fairly neutral report -- which didn't include sales projections for its FDA-approved drug Belviq -- the company is trading down today.
In the following video, health care analysts Max Macaluso and Brenton Flynn examine Arena's results, including a new partnership deal, and discuss the cascading effects of the poor sales figures reported by Arena's main competitor, VIVUS (NAS: VVUS) .
VIVUS' poor Qsymia sales may have spooked investors who have high hopes for obesity drugs, but this doesn't necessarily spell the end for these companies. Despite the recent pull-back, Arena's shares are still up more than 270% year to date. Is Arena still a stock to watch, or is its growth potential evaporating? Before you invest a single dollar, examine this company's opportunities and risks in our brand new premium research report on Arena Pharmaceuticals. Our senior biotech analyst walks investors through essential topics and, since key news can develop quickly, we're also including a full year of updates for those who sign up. Click here now to learn more.
The article Arena Earnings: How Did the Market React? originally appeared on Fool.com.Max Macaluso, Ph.D. and Brenton Flynn have no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.