Month: June 2016

8point3 Energy Partners LP CAFD reported earnings of 27 cents per share in the second quarter of fiscal 2016 (ending May 31, 2016), while the Zacks Consensus Estimate was a loss of 2 cents per share. The partnership swung into profit with a net income of $10 million in the reported quarter from a net loss incurred in the year-ago period. 8POINT3 ENERGY Price, Consensus and EPS Surprise 8POINT3 ENERGY Price, Consensus and EPS Surprise | 8POINT3 ENERGY Quote Revenues 8point3 Energy, a limited partnership formed by two major solar companies, First Solar Inc […]

Eli Lilly and Company’s LLY shares are up almost 4% following a positive FDA panel recommendation for its type II diabetes drug, Jardiance (SGLT-2 inhibitor). Lilly and its partner, Boehringer Ingelheim, are seeking FDA approval for the inclusion of data from the EMPA-REG OUTCOME study, which showed cardiovascular (CV) risk reduction. […]

The telecom industry experienced a solid run on the bourses in the past one week as most of the key stocks traded in the green. Several important developments also took place in the meantime. U.S. […]

In a continuous bid to expand in the growing market of heart failure, leading medical device company, Medtronic plc MDT recently launched its Beacon Heart Failure Management Service in the U.S. This is the latest service from Medtronic Care Management Services (“MCMS”) that integrates data from Medtronic implantable cardioverter defibrillator (ICD) or cardiac resynchronization therapy (CRT) devices with post acute screening from MCMS. The service helps in focusing on high-risk heart failure patients and in taking timely measure. […]

Independent natural gas operator, Southwestern Energy Company SWN priced its underwritten public offering of 86,000,000 shares of its common stock. The closing of the offering is expected on Jul 5, 2016. Total gross proceeds from the offering will be approximately $1.1 billion. […]

On Jun 29, 2016 we issued an updated research report on ProAssurance Corporation PRA . ProAssurance possesses a solid inorganic portfolio with strategic acquisitions that have been driving its core business. These coupled with growth in the new physician business have improved gross premiums at a five-year CAGR of 8.8%. […]

On Jun 29, we issued an updated research report on RenaissanceRe Holdings Ltd. RNR . […]

Low filing activity and the prevalence of a choppy macroeconomic environment had forced the U.S. Initial Public Offering (IPO) market to embark on a slow start at the onset of 2016. […]

Shares of Intuit Inc . INTU hit a new 52-week high of $109.37 on Jun 29, eventually closing at $109.29. […]

AbbVie Inc. ABBV and Johnson & Johnson’s JNJ Imbruvica got a fourth Breakthrough Therapy Designation (BTD), this time for a non-cancer indication. The FDA granted BTD to Imbruvica for the treatment of chronic graft-versus-host-disease (cGVHD) after one or more lines of systemic therapy have failed. […]

American Express Co. AXP disclosed that the Board of Governors of the Federal Reserve System has waved a green flag to the company’s capital plan submitted on Apr 5. […]