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Vivus maintained at outperform by RBC
RBC Capital Markets analyst Ken Trbovich kept Vivus Inc. at outperform, speculative risk with a $6 price target on news of the company's better-than-expected second-quarter results. Revenue of $2.6 million beat the analyst's estimated $700,000. Total operating expenses were in line with expectations and the company reported a loss of $0.17 per share, compared to RBC's estimate of a loss of $0.12 per share. Shares of the Mountain View, Calif.-based biopharmaceutical company were down 1 cent, or 0.32%, at $3.15 on volume of 161,042 shares versus the three-month running average of 542,177 shares. (Nasdaq: VVUS)
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