SciClone Pharmaceuticals (SCLN): Q1 EPS of $0.15 beats by $0.04. Revenue of $39.2M (+81% Y/Y) beats by $2M. Shares +1.7% AH
Quantum (QTM): Q1 EPS of $0.00 misses by $0.02. Revenue of $160.3M (-2.9% Y/Y) in-line. Shares +5.6% AH
Ultra Petroleum (UPL +7.1%) led a rebound by U.S. natural gas producers as nat gas prices rose for a third straight day; the New York benchmark is up 30% since April 19. UPL’s reserves are 96% gas, and the fuel accounts for ~97% of production; other stock winners included COG +5.4%, RRC +4.5%, SWN +4.1%. Contrast: UNG +7.5% in two days, USO -1.5%
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