On Friday, Shares of AbbVie Inc (NYSE:ABBV), lost -0.26% to $65.48.
AbbVie, declared the per share offer consideration amounts following its formerly declared offer to acquire each outstanding share of common stock of Pharmacyclics, Inc. for a mix of cash and AbbVie common stock, as described in the Registration Statement on Form S-4 filed with the Securities and Exchange Commission by AbbVie on March 23, 2015, as amended. Based on the assumption that the exchange offer expired at 5:00 p.m., New York City time, on May 22, 2015, the mixed consideration comprised of $152.25 in cash and 1.6639 shares of AbbVie common stock and, subject to proration, the all-stock consideration will comprise of 3.9879 shares of AbbVie common stock.
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company’s products comprise HUMIRA, a biologic therapy administered as a subcutaneous injection to treat autoimmune diseases; VIEKIRA PAK, an all-oral, short-course, interferon-free therapy, with or without ribavirin, for adult patients with genotype 1 chronic hepatitis, counting those with compensated cirrhosis.
Shares of Horizon Pharma PLC (NASDAQ:HZNP), inclined 4.91% to $32.05, during its last trading session.
Horizon Pharma plc (HZNP), declared that it will attend and present at the following conferences in June:
- Jefferies 2015 Healthcare Conference
- Presentation Date: Thursday, June 4, 2015
- Presentation Time: 11:00am ET
- JMP Securities Life Sciences Conference 2015
- Presentation Date: Tuesday, June 23, 2015
- Presentation Time: 11:00am ET
Horizon Pharma plc, a specialty biopharmaceutical company, engages in identifying, developing, acquiring or in-licensing, and commercializing medicines for the treatment of arthritis, pain, inflammatory, and/or orphan diseases in the United States and internationally.
At the end of Friday’s trade, Shares of Ross Stores, Inc. (NASDAQ:ROST), lost -4.45% to $ 97.03.
Ross Stores, Inc. (ROST), stated earnings per share of $1.37 for the first quarter ended May 2, 2015, up from $1.15 in the preceding year. Net earnings grew to $282 million, contrast to $244 million for the same period in 2014. These earnings results comprise a benefit of about $.04 per share mainly from the favorable timing of packaway-related costs that are predictable to reverse in subsequent quarters. Adjusting for this expense timing, first quarter 2015 earnings per share rose 16% over the preceding year period.
Sales for the fiscal 2015 first quarter rose 10% to $2.938 billion, with comparable store sales up 5% over the preceding year.
Barbara Rentler, Chief Executive Officer, commented, “We are happy with our better-than-predictable sales and earnings in the first quarter. Our results continue to benefit from value-focused customers responding favorably to our fresh and exciting assortments of name brand bargains. Operating margin for the first quarter grew to 15.7%, up from 14.6% in the preceding year, driven by a combination of higher merchandise margin, strong expense controls, and the aforementioned favorable timing of packaway-related costs.”
Ross Stores, Inc., together with its auxiliaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dds DISCOUNTS brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions.
Finally, Intuit Inc. (NASDAQ:INTU), ended its last trade with 2.50% gained, and closed at $ 106.76.
Intuit, declared financial results for the third quarter of fiscal 2015 and raised full-year revenue guidance. The company’s third quarter ended April 30.
“We delivered a strong quarter, surpassing our company financial revenue target amidst another strong tax season and accelerating growth in our small business online ecosystem,” said Brad Smith, Intuit’s president and chief executive officer. “We achieved our aims in our tax business, increasing growth in the do-it-yourself software category, acquiring and retaining more customers and expanding our market share.
“Our small business online ecosystem continues to build momentum, with QuickBooks Online subscriber growth accelerating for the eighth successive quarter.
Intuit Inc. provides business and financial administration solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore.
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