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Friday 8 May 2015
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Stocks under Pressure: athenahealth, (NASDAQ:ATHN), Columbia Sportswear Company (NASDAQ:COLM), Amedica (NASDAQ:AMDA), EXCO Resources (NYSE:XCO)

On Friday, athenahealth, Inc (NASDAQ:ATHN)’s shares declined -7.39% to $113.59.

athenahealth, Inc (ATHN) declared the opening of its annual grants cycle. From May 1st through July 1st, non-profit organizations connecting care in the metro Boston, San Francisco, Atlanta, Austin, Princeton, Chennai (India), and coastal Maine areas are invited to apply for grants ranging from $5,000 to $25,000, with awards totaling $300,000. The grants are an initiative of the company’s corporate citizenship program, athenaGives, which enables connection to quality health care in its communities by partnering with local non-profit organizations.

athenahealth, Inc., together with its subsidiaries, operates as a business services company that provides ongoing billing, clinical-related, and other related services to medical group practices and health systems in the United States.

Columbia Sportswear Company (NASDAQ:COLM)’s shares dropped -7.24% to $58.16.

Columbia Sportswear Company (COLM) declared record first quarter net sales of $479.0 million, an enhance of $54.9 million, or 13 percent, contrast with first quarter 2014 net sales of $424.1 million, counting a 4 percentage point negative effect from changes in currency exchange rates. The prAna brand, which the company attained on May 30, 2014, contributed $37.1 million of incremental net sales during the quarter. First quarter 2015 operating income raised 24 percent to $44.1 million, equating to 9.2 percent operating margin, and net income totaled $26.5 million, or $0.37 per diluted share, an enhance of 19 percent contrast with first quarter 2014 net income of $22.3 million, or $0.32 per diluted share.

Columbia Sportswear Company designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for men, women, and youth under the Columbia, Mountain Hardwear, and prAna brands. Its products are used during various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, and adventure travel.

At the end of Friday’s trade, Amedica Corporation (NASDAQ:AMDA)‘s shares dipped -6.04% to $0.235.

Amedica Corporation (AMDA) declared that it will release financial results for its first quarter 2015 on Thursday, May 7, 2015, after the market closes.

Following the release, that same day the Company will host a conference call and simultaneous audio webcast with Dr. Sonny Bal, Chairman and CEO of Amedica Corporation, in addition to key members of the administration team to review its first quarter 2015 financial results.

Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America. It offers Valeo silicon nitride interbody spinal fusion devices for use in the cervical and thoracolumbar areas of the spine; and a line of non-silicon nitride spinal fusion products.

EXCO Resources Inc (NYSE:XCO), ended its Friday’s trading session with -6.80% loss, and closed at $1.92.

EXCO Resources Inc (XCO) declared operating and financial results for the first quarter 2015.

2015 First Quarter Highlights

  • Drilled 13 gross (5.5 net) and turned-to-sales 29 gross (14.6 net) operated horizontal wells in the first quarter 2015, comprising with the capital budget.
  • Produced 339 Mmcfe per day, or 30 Bcfe, for the first quarter 2015, comprising with the midpoint of guidance. Production raised 7 Mmcfe per day from the fourth quarter 2014 not taking into account the impact of an asset divestiture.
  • Adjusted EBITDA was $58 million for the first quarter 2015, 28% below adjusted EBITDA for the fourth quarter 2014 primarily due to lower oil and natural gas prices and partially offset by lower operating costs.

EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.

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