Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of ARIAD Pharmaceuticals
So what: Revenue dwindled to just $66,000, down from $175 million a year ago, but that wasn't the big surprise today. A loss of $47.8 million, or $0.36 per share, has investors scratching their heads today, since they were expecting only an $0.18-per-share loss.
Now what: The year-over-year comparison really doesn't mean much for ARIAD, and management was excited about Merck's
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