The last 2 positive announcements were released prior to market opening Mondays. This is there style and in this case, so far, this is exactly how they did it before. The speculations run rampant but the news couldn't have been better. Hope the pattern continues here.
If your supposition is correct; they were waiting to hear from the fda before announcing a cc date, than today's announcment would mean they have the answer in hand. Maybe an after hour release? They should email it to Red for proofing first.
(If they write it anything like they write the earnings and most other press releases, just turn it upside down and start reading at the bottom. That's where the real news will be. And don't forget to bring your decoder key.)
Seattle Genetics, Inc. (NASDAQ:SGEN) announced today that it will report its first quarter 2011 financial results on Thursday, May 5, 2011, after the close of financial markets. Following the announcement, company management will host a conference call and webcast discussion of the results and provide a general corporate update. Access to the event can be obtained as follows:
LIVE access on Thursday, May 5, 2011
1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET)
Telephone 888-549-7750 (domestic) or 480-629-9866 (international); conference ID 4435537 Webcast available at http://www.seattlegenetics.com in the Investors and News section
Telephone replay will be available beginning at approximately 3:30 p.m. PT on Thursday, May 5, 2011, through 3:30 p.m. PT on Monday, May 9, 2011, by calling 800-406-7325 (domestic) or 303-590-3030 (international); conference ID 4435537 Webcast replay will be available on the Seattle Genetics website at http://www.seattlegenetics.com in the Investors and News section