On Thursday, Shares of Mylan N.V. (NASDAQ:MYL), gained 1.47% to $55.40.
Mylan declared its financial results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Total revenues of $2.37 billion, up 36% on a constant currency basis as compared to the preceding year period. Not taking into account the impact of the acquisition of Abbott’s non-U.S. developed markets specialty and branded generics business (“EPD Business”), total revenues raised 14% on a constant currency basis, reflecting continued strength in the legacy business. Foreign currency exchange rates unfavorably influenced revenues in Q2 by $127 million.
- Generics segment third party net sales of $2.06 billion, up 43% on a constant currency basis, with positive growth across all regions inclusive of the impact of the EPD Business. Not taking into account the EPD Business, Generics segment third party net sales raised 16% on a constant currency basis.
- Specialty segment third party net sales of $301.9 million, up 5%
- Adjusted gross profit of $1.28 billion, up 39%; GAAP gross profit of $1.01 billion, up 25%.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
Shares of Morgan Stanley (NYSE:MS), declined -0.18% to $38.93, during its last trading session.
Morgan Stanley Real Estate Investing (MSREI) declared that it has raised aggregate commitments of about $1.7 billion for North Haven Real Estate Fund VIII Global (G8) and related co-investment vehicles.
“MSREI delivers an exceptional combination of industry expertise, local market presence and global perspective, and the success of this capital raise reflects how our clients have recognized and responded to these strengths,” said Ed Moriarty, Head of Merchant Banking & Real Estate Investing (MB&REI). “As part of the MB&REI platform, the Real Estate Investing team has access to Morgan Stanley’s global network in addition to deep resources dedicated to providing best-in-class operations, reporting and risk administration.”
“G8’s flexible, global mandate allows us to look across all of our markets and select those opportunities which we believe offer the best risk-adjusted returns,” said Olivier de Poulpiquet, Co-Chief Executive Officer and Co-Chief Investment Officer for MSREI. “The G8 investment program is well underway, with transactions already closed in the U.S., UK, Austria, Japan and Australia.”
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
Finally, Gray Television, Inc. (NYSE:GTN), ended its last trade with -8.35% loss, and closed at $14.48.
Gray Television declared results of operations for the three and six-month periods ended June 30, 2015 as contrast to the three and six-month periods ended June 30, 2014, counting record revenues, record net income and record broadcast cash flow (a non-GAAP measure). During the three and six-month periods ended June 30, 2015, Gray achieved free cash flow per diluted weighted average share of $0.38 and $0.75, respectively, and net income per diluted weighted average share of $0.17 and $0.27, respectively.
Highlights:
- Record Revenue – Our revenue for the second quarter of 2015, was $143.5 million, which was the highest for any second quarter in our history. Total revenue raised $36.2 million, or 34%, for the second quarter of 2015, contrast to the second quarter of 2014. Our revenue for the six-month period ended June 30, 2015, was $276.8 million, which was also the highest for any first six-months in our history. Total revenue raised $78.2 million, or 39%, for the six-month period ended June 30, 2015 contrast to the six-month period ended June 30, 2014.
- Record Broadcast Cash Flow - Our broadcast cash flow for the second quarter of 2015, was $57.2 million, which was the highest for any second quarter in our history. Our broadcast cash flow for the six-month period ended June 30, 2015 was $104.0 million, which was also the highest for any six-month period ending June 30 in our history.
- Record Net Income – Our net income for the second quarter of 2015, was $12.1 million, which was the highest for any second quarter in our history. Our net income for the six-month period ended June 30, 2015, was $17.7 million, which was also the highest for any first six-months in our history.
Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company owns and operates television stations in 44 television markets broadcasting 140 program streams comprising 76 associates of the Big Four networks, such as ABC, CBS, NBC, and FOX. Its stations comprise 26 channels associated with the CBS Network, 24 channels associated with the NBC Network, 16 channels associated with the ABC Network, and 10 channels associated with the FOX Network.
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