Notable ETF Movers of the Day 11/09: (XBI) (SMH) Higher; (XHB) Lower

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Affymax, Inc. (AFFY) Tops Q3 EPS by 4c, Comments on Outlook

November 8, 2012 4:46 PM EST

Affymax, Inc. (NASDAQ: AFFY) reported Q3 EPS of ($0.68), $0.04 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $13.6 million versus the consensus estimate of $13.08 million.

Updated Financial Guidance

Affymax is updating its financial guidance for 2012. With respect to collaboration revenue, Affymax has... More

There's a Growing Chance of an AMD (AMD) Takeover - Analyst

November 8, 2012 12:04 PM EST

Analysts at Goldman Sachs see a growing probability of M&A for AMD's (NYSE: AMD) processor business. However, even under such a scenario, it won't mean much upside for investors.

"We believe the plethora of companies that are now focused on vertical integration in the consumer electronics and/or data center markets, combined with the recent significant sell-off in AMD's stock, creates the possibility of... More