Friday Earnings Roundup: MAIN; NCT; AMPE; FOE; MDVN

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Financial shares were mixed in the pre-market session Friday as a few financial institutions reported earnings.

In financial stocks news, Main Street Capital (NYSE:MAIN) reported net income for Q4 of $57 per share, up from 26% a year prior.  And, Chambers Street Properties (CSG) reported Q4 FFO of $0.17 per share, edging past the Street view of $0.16 per share. Revenue of $65.23 million was short of the $66 million Street view.

Finally, Newcastle Investment Corp. (NYSE:NCT) reported Q4 core earnings of $0.08, below the $0.09 per share the Street expected.

Ampio (NYSEMKT:AMPE): Stock is down between 7.75 and a pre-market low of 7.30. Thus far, the 7.75 to 7.60 area has set up as a potential near-term ceiling level for shorts to watch.

Companies: Ampio Pharmaceuticals Price: 7.45 Price Change: -0.49 Percent Change: -6.1

Analysts at JPMorgan have initiated coverage of chemical company Ferro Corporation (NYSE:FOE) with a Neutral rating and a price target of $12 a share.

Shares of FOE are flat in the pre-market session at $13.24, and trade within a 52-week range of $5.07 – $14.17.

Medivation (NASDAQ:MDVN): Stock is down between 77.95 and a pre-bell low of 73.99. Sellers have been active at 76 and above, a possible near-term top for shorts to eye.

Stock futures declined further following the deeper than expected downward revision to Q4 GDP, magnifying an already defensive tone following yesterday’s record high in the S&P 500. Although positive corporate earnings continue to trickle in, the financial markets are still unnerved by lackluster economic data, geopolitical turmoil overseas and valuation concerns.

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