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Church & Dwight Company Q2 EPS Beats Street as Revenues Miss

Church & Dwight Company Q2 EPS Beats Street as Revenues Miss

August 3, 2017 at 4:09 pm 0 comments

Church & Dwight Company shares were down over 4% pre-market Thursday after the company reported Q2 adjusted EPS of $0.41, down from $0.43 a year earlier, but still exceeding Capital IQ’s poll estimate of $0.39 for the quarter. Revenues rose to $898.0 from $877.4 million, but lagged the $903.9 million estimate. For Q3, the company expects reported and organic salesRead More

Tutor Perini Unit Wins Construction Contracts

Tutor Perini Unit Wins Construction Contracts

July 31, 2017 at 3:45 pm 0 comments

Tutor Perini, a civil, building and specialty construction company, said Monday its Guam-based subsidiary Black Construction Corporation has been awarded two new projects collectively valued at $71 million. The first project, valued at approximately $44 million, is from the Guam Department of Public Works to widen route 3 between route 28 and Chalan Kareta. The second contract is worth approximatelyRead More

Tupperware Brands Reports Mixed Fiscal Q2

Tupperware Brands Reports Mixed Fiscal Q2

July 26, 2017 at 4:55 pm 0 comments

Tupperware Brands reported fiscal Q2 sales rose 1% to $572.9 million from the year-ago period but missed the CapIQ mean for $580.19 million. Adjusted earnings in the quarter ended July 1 rose 4% to $1.21 from last year and beat forecasts for $1.20. The company said it has decided to wind-down Beauticontrol’s operations over approximately the next 60 to 90Read More

BioPharmX Shares Drop

BioPharmX Shares Drop

July 24, 2017 at 4:40 pm 0 comments

BioPharmX shares fell 16% Monday after the company said it has struck a deal to sell 5.5 million shares to buyers for $0.36 each. BioPharmX said it plans to use net proceeds of approximately $1.9 million to advance its dermatology focused drug delivery and clinical programs, including advancing the company’s lead product BPX-01, and for working capital and other generalRead More

HP Upgraded by RBC

HP Upgraded by RBC

July 20, 2017 at 3:50 pm 0 comments

HP received an investment-rating upgrade Thursday to outperform from sector perform from RBC Capital Markets, which also raised its price target on the shares of the provider of personal computers and other devices and technologies “to reflect improved PC/print end-market fundamentals and share gains.” The new price target from RBC is $22 per share, up from $21. The shares closedRead More

Valeant Pharma Agrees to Divest Obagi Medical Products Business

Valeant Pharma Agrees to Divest Obagi Medical Products Business

July 17, 2017 at 4:45 pm 0 comments

Shares of Valeant Pharmaceuticals International (VRX) were barely higher pre-market Monday after the Canada-based drug maker said it agreed to sell its Obagi Medical Products business to Haitong International Zhonghua Finance Acquisiiton Fund I for $190 million in cash. The fund counts China Regenerative Medicine International as one of its limited partners. Valeant said it will use the proceeds fromRead More

Magellan Health Buys Senior Whole Health

Magellan Health Buys Senior Whole Health

July 13, 2017 at 4:23 pm 0 comments

Magellan Health, a health care benefits administrator, said it has agreed to acquire Senior Whole Health, a healthcare company focused on serving complex, high-risk populations for $400 million, inclusive of a $10 million contingent payment. The deal is expected to close by the end of Q1 2018. Magellan said it expects full year 2017 revenue for Senior Whole Health ofRead More