On Wednesday, Shares of EnteroMedics Inc (NASDAQ:ETRM), gained 11.54% to $0.303.
EnteroMedics, declared that analyses of the ReCharge Study demonstrated Excess Weight Loss (EWL) of 34% and noteworthy improvements in obesity-related risk factors for vBloc® Therapy treated, moderately obese patients who had at least one comorbidity. These data were presented at the International Federation for the Surgery of Obesity and Metabolic Diseases 20th World Congress in Vienna, Austria on August 26, 2015.
“These subgroup analyses of the ReCharge Study, which demonstrated excess weight loss of 34% and major improvements in obesity related risk factors, show the profound and clinically meaningful effect of vBloc Therapy in patients with a Body Mass Index (BMI) of 35-40 kg/m2,” said Scott Shikora M.D. F.A.C.S, EnteroMedics Executive Vice President and Chief Medical Officer, “These results show noteworthybenefits as it relates to weight loss and relief of comorbidities and improved safety relative to anatomy altering and restrictive procedures, making vBloc an attractive alternative for those patients unwilling to undergo more drastic procedures to regain their health.”
EnteroMedics Inc., a medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders.
Shares of Magnum Hunter Resources Corp (NYSE:MHR), inclined 3.51% to $0.760, during its last trading session.
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Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Finally, Lands’ End, Inc. (NASDAQ:LE), ended its last trade with 2.15% gained, and closed at $26.12.
Lands’ End, declared financial results for the second quarter ended July 31, 2015.
Second Quarter Summary:
- Net revenue reduced 10.0% to $312.4 million from the second quarter last year. Changes in currency exchange rates negatively influenced Net revenue by about $8 million. The Direct segment reduced 9.5% to $264.7 million and the Retail segment reduced 12.9% to $47.6 million.
- Gross margin reduced 220 basis points to 46.3% from the second quarter last year.
- Net income reduced to $7.5 million from $11.8 million in the second quarter last year.
- Adjusted EBITDA1 reduced to $19.6 million from $30.1 million in the second quarter last year.
- Cash and cash equivalents at the end of the second quarter of fiscal 2015 was $208.4 million.
Lands End, Inc. operates as a multi-channel retailer in the United States and internationally. The company operates through two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products.
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