Financial News

Headline PPI Rises In Line While Core Hotter-Than-Expected

Headline PPI Rises In Line While Core Hotter-Than-Expected

October 16, 2017 at 2:59 pm 0 comments

The hurricane-boosted 0.4% September U.S. producer price index (PPI) headline was in line, while core price gains beat estimates thanks to a firm 0.4% service price increase, with price gains of 0.8% for trade services and 1.0% for transportation and warehousing services. There was the largely expected 0.7% goods price gain with a 3.4% energy price surge, alongside a flatRead More

Opko Health Strikes Deal For Japan Tobacco to Develop

Opko Health Strikes Deal For Japan Tobacco to Develop

October 16, 2017 at 2:59 pm 0 comments

Opko Health Inc (OPK) shares were higher nearly 2% in recent pre-market trading after the company said it has struck a deal with Japan Tobacco to develop and commercialize its Rayaldee in Japan for treatment of secondary hyperparathyroidism in non-dialysis and dialysis patients with chronic kidney disease. Under the terms, Japan Tobacco will pay an upfront payment of $6 million.Read More

Hawaiian Holdings to Pay Quarterly Cash Dividend Starting Next Month

Hawaiian Holdings to Pay Quarterly Cash Dividend Starting Next Month

October 16, 2017 at 2:57 pm 0 comments

Hawaiian Holdings (HA), parent company of Hawaiian Airlines, said pre-market Thursday it will start to pay a quarterly cash dividend. The company said it will pay a $0.12 a share dividend, effective Nov. 30, to all shareholders of record as of Nov. 17. The dividend will be in addition to the $100 million share repurchase program announced in April. AsRead More

Financial Shares Mainly Higher Pre-Market

Financial Shares Mainly Higher Pre-Market

October 10, 2017 at 9:05 pm 0 comments

Financial shares were higher ahead of opening bell Friday following the report that U.S. employment dropped 33,000 in September due to hurricanes Harvey and Irma. Forecasts had called for a 75,000 increase in nonfarm jobs, but estimates may not be comparable because of the uncertainty surrounding the impact of the storms. The unemployment rate, which was not affected by theRead More

Paratek Pharma Shares Rise 3% Pre-Bell as Study Shows ‘Potent’ Activity of Omadacycline vs Pathogens

Paratek Pharma Shares Rise 3% Pre-Bell as Study Shows ‘Potent’ Activity of Omadacycline vs Pathogens

October 10, 2017 at 9:04 pm 0 comments

Paratek Pharmaceuticals (PRTK) shares gained more than 3% in pre-market trade Friday after the company said a study showed that its once-daily, oral and IV, broad-spectrum investigational antibiotic, omadacycline is active against the clinically important typical and atypical community-acquired bacterial pneumonia pathogens. The data show in vitro antibacterial activity and clinical efficacy against gram-positive and gram-negative bacterial isolates, Paratek said.Read More

Medicines Co. Price Target Boosted by Chardan to $85 From $80, Buy Rating Maintained

Medicines Co. Price Target Boosted by Chardan to $85 From $80, Buy Rating Maintained

August 30, 2017 at 2:10 pm 0 comments

Medicines Co. (MDCO) received a price-target boost Tuesday from Chardan Capital Markets following the biopharmaceutical company’s Monday release with partner Alnylam Pharmaceuticals (ALNY) of an encouraging update on their phase 2 trial of inclisiran in hypercholesterolemia. The new price target from Chardan is $85 per share, up from $80 and well above the stock’s Monday closing price of $37.72. ChardanRead More

Perry Ellis Fiscal Q2 Results Top Estimates

Perry Ellis Fiscal Q2 Results Top Estimates

August 24, 2017 at 10:54 am 0 comments

Perry Ellis International, an apparel company, reported Thursday fiscal Q2 adjusted net profit of $0.16 per share, up from $0.15 per share in the prior year period and came in higher than the $0.11 per share Street estimate provided by Capital IQ. Total revenues for the quarter ended July 29 were $207 million, up from $202 million reported for theRead More