Medivation (MDVN) Drops Lower Ahead of Q2 Results, Now Negative on Session

August 9, 2012 12:00 PM EDT
Medivation (Nasdaq: MDVN) shares took a drop Thursday morning, moving over $1 lower in a few minutes. The company is expected to report second-quarter results after the market closes, with the Street seeing EPS of 20 cents on sales of $47 million, from a loss of 27 cents and sales of just $15.8 million in the same period last year.

The stock is currently down 0.9 percent to $96.50 or so. Shares were up 0.7 percent ahead of the drop.


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