Month: January 2015

Leading Canadian telecom service provider, TELUS Corporation ( TU ), has acquired a 20% stake in Quebec-based information technology (IT) and consulting service provider, Alithya. The two companies have formed a long-term strategic alliance to offer combined solutions/services in order to better deal with rising business customer demand for managed infrastructure solutions explicitly focusing on data centres and cloud-based technologies. In particular, each firm will be offering information and communication technology (ICT) services, by consolidating their individual proficiencies […]

Galmed Pharmaceuticals Ltd. ( GLMD ) announced the signing of a manufacturing services agreement with Perrigo Company’s ( PRGO ) subsidiary Perrigo API Ltd., for the large-scale production of the active pharmaceutical ingredient (API) in Galmed’s investigational candidate, aramchol. Galmed is developing aramchol as a disease modifying treatment for fatty liver disorders including non-alcoholic steato-hepatitis (NASH). […]

Two underperforming Internet giants — Google ( GOOGL ) and Amazon ( AMZN ) — posted Q4 earnings after the closing bell Thursday, with differing results. Search leader Google posted light results on both top and bottom lines: $14.48 billion in revenues (including traffic acquisition costs, or TAC) led to earnings per share (EPS) of $5.50. Online superstore Amazon brought in $29.33 billion on earnings of 45 cents per share […]

Tyson Foods Inc. ’s ( TSN ) chicken segment has been experiencing a surge in demand backed by a general shift among health conscious consumers from red meat to low-calorie chicken and processed chicken food items. To tap this growing demand, Tyson is expanding its poultry facilities and improving its operating efficiency. […]

Phillips 66 ( PSX ) posted adjusted fourth-quarter 2014 earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.33 by 22.6%. The beat came from higher refined volumes, higher throughput fees alongside record earnings from chemicals business. […]

SEI Investments Co. ( SEIC ) reported fourth-quarter 2014 adjusted earnings per share of 51 cents beating the Zacks Consensus Estimate of 48 cents. […]

BioDelivery Sciences International, Inc. ( BDSI ), which had announced an assignment and revenue sharing agreement with Sweden-based Meda AB, saw its shares go up 3.7% immediately after the announcement. […]

We expect Sysco Corporation ( SYY ) to beat expectations when it reports fiscal second-quarter 2015 results before the opening bell on Feb 2. Last quarter, this global food products maker and distributor delivered a positive surprise of 4.00%. In fact, the company beat the Zacks Consensus Estimate in three out of the last four quarters with an average surprise of 5.89% […]

Life and health insurer Torchmark Corp. ( TMK ) is scheduled to report fourth-quarter and full-year 2014 results after the market close on Feb 2. In the last quarter, this company delivered a 2.94% negative earnings surprise. […]

Occidental Petroleum Corporation ( OXY ) reported fourth-quarter 2014 adjusted earnings of 72 cents per share, surpassing the Zacks Consensus Estimate of 68 cents by 5.9%. On a year-over-year basis, however, quarterly earnings plunged 50.7% primarily due to lower crude oil and natural liquids (NGL) realized prices, an increase in depreciation, depletion and amortization expenses and a rise in operating costs as a result of increased workover and maintenance activities. On a GAAP basis, the company posted a loss of $4.41 per share in the fourth quarter against earnings of $2.04 per share a year ago […]

The audit committee of the board of directors of Salix Pharmaceuticals, Ltd. ( SLXP ) announced that the company’s consolidated financial statements for full year 2013 and the first three quarters of 2014 require certain corrections. […]

Alexion Pharmaceuticals ’ ( ALXN ) fourth-quarter 2014 earnings (including stock-based compensation expense) of $1.15 per share missed the Zacks Consensus Estimate by 2 cents. Earnings were above the year-ago figure by 43.1%. […]

E-commerce giant Amazon.com Inc. ( AMZN ) recently launched Amazon Workmail, its new e-mail and calendar service for businesses, in a bid to establish itself in the corporate technology market currently dominated by behemoths Microsoft ( MSFT ) and Google ( GOOGL ). WorkMail would be pitted against Microsoft’s Outlook and Google’s Apps for Work. […]

Eli Lilly and Company ( LLY ) is set to report fourth-quarter 2014 results on Jan 30. In the prior quarter, the company’s earnings were in line with the Zacks Consensus Estimate. […]

Incyte Corporation ( INCY ) announced the publication of data from a pivotal phase III study (RESPONSE) on Jakafi in the New England Journal of Medicine . The study compared Jakafi to standard therapy in patients with polycythemia vera (PV) who have had an inadequate response or are intolerant to hydroxyurea. We remind investors that last month, Jakafi was approved by the FDA for the treatment of patients with uncontrolled PV, making it the first and only FDA approved treatment for this indication […]

Insurer and reinsurer Reinsurance Group of America Inc. ( RGA ) is scheduled to report fourth-quarter and full-year 2014 results after the market close on Feb 2. […]