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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Botox adds wrinkle to earnings
Allergan, perhaps best known for its Botox wrinkle cream, said Q4 earnings rose to 91 cents per share ex items, 2 cents above views. Revenue rose 7% to $595 mil, but sales growth for Botox fell shy of expectations. 2006 earnings are forecast at $3.56-$3.62 per share, excluding stock-option expenses. Shares fell 1.5% to 113.09.
Doubts cloud AstraZeneca outlook
England's second-biggest drug maker said Q4 earnings rose 40% to 77 cents a share, 2 cents over views. Revenue climbed 8% to $6.28 bil, largely due to sales of its ulcer treatment Nexium and anti-psychotic Seroquel. AstraZeneca forecast '06 earnings of $3.40-$3.60 a share, topping views of $3.27. But that outlook includes 45 cents a share tied to the heart drug Toprol-XL. Genetic firms have won a ruling striking down Toprol's patent protection. Shares fell 4.5% to 46.80.
** Ista Pharmaceuticals surged 11% to 7.97 after it said a late-stage study of an eye treatment was effective in reducing eye inflammation in patients at risk of a bacterial ...
- Vonage Warns of Bankruptcy; Vonage shares fell 20 cents to $3.11 in morning...
- Magazine article from: eWeek Reuters April 18, 2007 700+ words
...warning was part of its annual report filed with the U.S. Securities and Exchange Commission on Tuesday. Vonage shares fell 20 cents to $3.11 in morning NYSE trade. They have fallen around 82 percent from an initial public offering price of...
- Vonage Shares Slide on Bankruptcy Risk Warning; Vonage shares fell 20 cents to...
- Magazine article from: eWeek Reuters April 18, 2007 700+ words
...warning was part of its annual report filed with the U.S. Securities and Exchange Commission on Tuesday. Vonage shares fell 20 cents to $3.11 in morning NYSE trade. They have fallen around 82 percent from an initial public offering price of...
- Judge to Issue Injunction on Vonage; Shares Plunge; Updated: Vonage shares fell...
- Magazine article from: eWeek Reuters March 23, 2007 700+ words
...Verizon Communications Inc., but delayed signing the order for two weeks. Vonage shares fell sharply after the ruling, falling 16.8 percent, or 68 cents, to $3.37 in afternoon trading on the New York Stock Exchange. The two-week period...
- Comcast Net Up, but Shares Down on Subscriber Loss; Comcast posts a 28 percent...
- Magazine article from: eWeek Adegoke, Yinka July 26, 2007 700+ words
...Thursday, but its shares fell nearly 7 percent...Warner Cable Inc. shares fell by 6.3 percent...588 million, or 19 cents per share, in the...460 million, or 15 cents per share, a year...mark. Comcast shares fell 6.6 percent to...
- A disappointing quarter for 3M; 3M shares fell 5 percent on slack quarterly...
- Newspaper article from: Star Tribune (Minneapolis, MN) DePass, Dee July 26, 2006 700+ words
...excluded, second-quarter results were $1.05 per share, 2 cents lower than analysts had expected after revising their earnings...Steve Tusa told officials during a teleconference. 3M's shares fell $3.58 to close at $68.11, off 5 percent and a new 52...
- Salesforce.com Q3 Profit Rises; Shares Down; Salesforce.com posted a quarterly...
- Magazine article from: eWeek November 15, 2007 700+ words
...ended Oct. 31 rose to $6.5 million, or 6 cents per diluted share, from $339,000, or nil cents per diluted share, in the year-earlier quarter...predicted a net profit, on average, of 3 cents per share, according to Reuters Estimates...
- Subscriber dissonance.(Napster Inc.'s shares fell with news of another online...
- Magazine article from: Los Angeles Business Journal Potkewitz, Hilary May 16, 2005 700+ words
...Yahoo even undercut Apple Computer Inc.'s iTunes Musicstore, which sells individual songs for 99 cents; Yahoo Music Unlimited will charge 79 cents. (Apple's stock also stumbled after the Yahoo announcement.) Gorog released a subsequent statement...
- Loss of key client pummels Digital River stock; Shares fell 35% on news that...
- Newspaper article from: Star Tribune (Minneapolis, MN) Anthony, Neal St. October 13, 2009 700+ words
...third-quarter results to be at or slightly above the top end of the guidance it provided in July: net income of 26 to 29 cents per share on revenue of as much as $98.5 million. Non-Symantec business grew at 8 percent during the third quarter, compared...