Gilead Sciences (GILD) posted better-than-expected fourth-quarter financial results as sales of its hepatitis C drugs exceeded forecasts. Still, the biotech giant gave back after-hour gains as full-year sales forecasts failed to impress.
Gilead also boosted its dividend and almost doubled its share repurchase plan.
At a recent $83, the shares were up 0.4% after earlier climbing more than 2% in after-hour market action. As of todays closing bell, the stock fell 1.6% in todays regular market action to end at $82.71.
Per share profit beat the Streets expectations by 35 cents. Gilead earned $3.32 a share as revenue grew `6% to $8.41 billion during the quarter that ended in December. Analysts surveyed by S&P Capital IQ expected Gilead to earn $2.98 a share on revenue of $8.16 billion.
Sales of hepatitis C drugs Sovaldi and Harvoni totaled $4.9 billion compared to the $4.54 billion expected by the Street.
Gileadincreased its quarterly dividend by 4 cents share, or 9.3% to 47 cents a share. Gilead also announced plans to commence with a $12 billion share repurchase plan after completing its existing $15 billion buyback program authorized in January 2015.
Hot Net Payout Yield Companies To Own In Right Now: Eagle Bulk Shipping Inc.(EGLE)
Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
- [By Lisa Levin]
Shares of Eagle Bulk Shipping Inc (NASDAQ: EGLE) were down 49 percent to $0.381. Eagle Bulk Shipping announced after Wednesday’s close it has reached an agreement with its lenders and holders of its equity to raise $105 million.
Hot Net Payout Yield Companies To Own In Right Now: Diebold, Incorporated(DBD)
Diebold, Incorporated provides financial self-service delivery, integrated services and software, and security systems primarily to the financial, commercial, retail, and other markets. The company operates in five segments: North America; Asia Pacific; Europe, Middle East and Africa; Latin America; and Brazil. It offers self-service technologies and services, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals, and software. The company also provides self-service support and managed services comprising installation and ongoing maintenance of products, remote services, availability management, branch automation, and distribution channel consulting; and outsourced and managed services, such as remote monitoring, troubleshooting, transaction processing, currency management, maintenance services, and online communication services. In addition, it offers electroni c security products, such as camera and video surveillance equipment, alarms, access control systems, and biometric technologies; security monitoring solutions comprising remote monitoring and diagnostics, fire detection, intrusion protection, managed access control, energy management, remote video management and storage, logical security, and Web-based solutions; and physical security and facility products, such as pneumatic tube systems for drive-up lanes, vaults, safes, depositories, bullet-resistive items, and undercounter equipment. Further, the company engages in the provision of strategic analysis and planning for new systems, systems integration, architectural engineering, consulting, and project management services; development, training, support, and maintenance of elections and lottery equipment, personal computer equipment, networking, tabulation, and diagnostic software; and design, installation, maintenance, and monitoring of electronic security systems. The co mpany was founded in 1859 and is headquartered in North Cant! on, Ohio.
- [By U.S. News]
In at least one Texas bank and one Ohio credit union, 3D video banking is currently undergoing testing, according to TheFinancialBrand.com, a website for bank and credit union marketing executives. Three-dimensional video banking is similar to a consumer video conference with a bank representative –- only in this case, the executive looks like a living, breathing person sitting across from you. Thanks to theater surround sound, the representative also sounds as if they’re in the same room. And since the consumer is interacting with a real person and not an automated hologram, the experience apparently isn’t much different than the real thing. Banking and managing money isn’t what it used to be. The 1970s and 1980s brought us the rise of the ATM. Consumers became acquainted with online banking during the 1990s and the first decade of the 2000s. The 2010s are shaping up as the era of mobile banking. That was underscored Sept. 10-11 in New York City when Mitek Systems Inc. (MITK), a San Diego-based technology company, debuted its Mobile Photo Account Opening product at Finovate, a trade show where banking tech products are often unveiled. The product allows consumers to open a bank account within 60 seconds. If you have your bank’s app, you can use your smartphone’s camera to take a photo of the front and back of your driver’s license, and presto, your new checking, savings or credit card account is open. Here’s a look at other financial products and services personal financial experts think we’ll be using in the future. Within 10 years. “The economic payments system will begin to ‘know us,’ either through biometrics, optical sensor or facial recognition,” says Joshua Siegel, managing principal of StoneCastle Partners, a New York-based asset management firm that invests in banks. That’s already happening to some extent with smartphones –- the new Apple (AAPL) iPhone 5S, for example, uses fingerprint scanning to unlock the phone. Meanwhile, some fi
Top 5 Trucking Companies To Invest In 2017: Rockwell Collins, Inc.(COL)
Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. The company operates through three segments: Commercial Systems, Government Systems, and Information Management Services. The Commercial Systems segment provides communications, navigation, and situational awareness and surveillance systems and products, as well as integrated avionics and cabin electronics, electro-mechanical, and simulation and training systems. It also offers satellite-based global voice and data communication products and services; wireless information distribution technologies; and maintenance, repairs, parts, after-sales support services, and aftermarket used equipment. This segment serves original equipment manufacturers of commercial air transport, business and regional aircraft, commercial airlines, and business aircraft operators. The Government Systems segment provides defense-related systems, produc ts, and services comprising communications systems and products; avionics sub-systems; precision targeting, electronic warfare, and range and training systems; and visual system products, and training systems and services. This segment serves U.S. Department of Defense, other ministries of defense, other government agencies, and defense contractors. The Information Management Services segment offers voice and data communication services; flight support services; airport communications and information systems; train dispatching and information systems; mission critical security systems; and backup communications services. This segment serves commercial airlines, business aircraft operators, the U.S. Federal Aviation Administration, airport and critical infrastructure operators, and passenger and freight railroads. The company markets its products directly to customers, as well as through sales force, dealers, and sales representatives. Rockwell Collins, Inc. was founded in 19 33 and is headquartered in Cedar Rapids, Iowa.
- [By Ben Levisohn]
Of the 21 stocks Walton covers, he Buy ratings on eight, including Boeing (BA), Northrop Grumman (NOC), and Rockwell Collins (COL).
Shares of General Dynamics have dropped 4% to $129 at 2:34 p.m. today, while Boeing has fallen 1.1% to $131.43, Northrop Grumman has declined 0.6% to $193.89, and Rockwell Collins has 0.9% $90.83.
- [By Lu Wang]
Rockwell Collins (COL) sank 4.9 percent to $70.61. The maker of airplane cockpit instruments forecast revenue in fiscal 2014 will be no more than $4.60 billion. That missed the average analyst estimate of $4.93 billion in a Bloomberg survey.
- [By Ben Levisohn]
Rockwell Collins (COL) has fallen 2.6% to $68.21 after it was downgraded to Neutral from Outperform at Credit Suisse.
General Electric (GE) has gained 1% to $24.25 after signing a bunch of deals and getting a positive mention from my colleague Jack Hough in this weekend’s Barron’s.