On Friday, ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS)’s shares declined -1.85% to $50.00.
Isis Pharmaceuticals, Inc. (ISIS) stated net income of $35.6 million and $18.9 million for the three and six months ended June 30, 2015, respectively, contrast to a net loss of $12.1 million and $43.4 million for the same periods in 2014. Isis’ significantly improved financial results were driven primarily by the more than $90 million of revenue Isis earned in the second quarter related to the upfront payment from Bayer to license ISIS-FXIRx. Isis raised its cash position during the first half of 2015, ending June with more than $750 million in cash contrast to about $730 million at December 31, 2014. The enhance in the Company’s cash position was primarily due to the more than $165 million in cash received from its partners in the first half of 2015.
Isis Pharmaceuticals, Inc. engages in the discovery and development of antisense drugs using novel drug discovery platform. The company’s flagship product comprises the KYNAMRO injection, which is an apo-B synthesis inhibitor for patients with homozygous familial hypercholesterolemia; and for the reduction of low-density lipoprotein cholesterol.
UDR, Inc. (NYSE:UDR)’s shares dropped -0.06% to $34.81.
UDR, Inc. (UDR) declared that 75% of the outside limited partners of Home Properties, L.P. have elected to receive common OP units of a newly formed operating partnership of the Company (“UDR OP Units”) in exchange for existing Home OP units. The Company intends to purchase the six communities identified in the Company’s June 22, 2015 press release for about $908 million through a combination of $565 million of UDR OP Units issued at $35 per unit, the assumption of $90 million of debt, $230 to $250 million of Section 1031 exchanges and the balance with cash of $10 to $30 million. The Company anticipates to close on the purchase in the fourth quarter of 2015.
The closing of the transaction is subject to certain customary closing conditions, counting the satisfaction (or waiver) of certain closing conditions to the merger between Lone Star Funds and Home Properties, Inc.
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The firm was formerly known as United Dominion Realty Trust, Inc. UDR, Inc. was founded in 1972 and is headquartered in Denver, Colorado with additional offices in Dallas, Texas; Houston, Texas; Newport Beach, California; Orlando, Florida; Phoenix, Arizona; Santa Clara, California; Tampa, Florida; and Washington DC, Virginia.
At the end of Friday’s trade, Youku Tudou Inc (ADR) (NYSE:YOKU)‘s shares surged 1.77% to $19.01.
Youku Tudou, Inc. (YOKU), China’s leading Internet television company declared a new milestone in its IP-focused pan-entertainment strategy. A popular TV series The Journey of Flower, now being broadcast on the Youku Tudou platform simultaneously with TV, has generated over 1.8 million downloads for its mobile game since its release on June 25 and a record level of revenue for a single game at Youku Tudou.
The Journey of Flower is the latest success story in Youku Tudou’s initiatives to enhance user stickiness and drive value by leveraging a single IP to create multi-format entertainment products. Through its dedicated Cloud Entertainment BU, Youku Tudou is able to connect fans across domains leveraging its position as the leading online video platform in China. The total cumulative views of The Journey of Flower now stand at over 1.1 billion, with more than half of the series still remaining. This is the fastest TV series to surpass 100 million cumulative video views in Youku Tudou’s TV series history. Since venturing into mobile gaming, Youku Tudou now jointly operates over 1,500 games with over 150 mobile game operators and has already driven a total of over 200 million mobile game downloads.
Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices. The company’s services for users comprise online video content library comprising primarily of professionally produced content, counting television serial dramas, movies, current event reports, variety shows, and music videos. It also provides guided user-generated content through Youku Paike and Youku Niuren programs; and produces a range of content, such as sponsored Web serial dramas, reality shows, interviews, and variety shows under the Youku Originals brand, in addition to on Tudou platform.
Toll Brothers Inc (NYSE:TOL), ended its Friday’s trading session with -0.55% loss, and closed at $39.84.
Toll Brothers, Inc. (TOL), the nation’s leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to talk about its FY 2015 third quarter results. The event is planned for 11:00 A.M. (EDT) on Tuesday, August 25, 2015. It will follow declarement of the Company’s third quarter 2015 results for earnings, revenues, contracts, and backlog before the market opens on Tuesday August 25, 2015. The call will be hosted by Douglas C. Yearley, Jr., chief executive officer.
Toll Brothers, Inc., together with its auxiliaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the Unites States. It is also involved in building and selling homes in urban infill markets. In addition, the company owns, develops, and operates golf courses and country clubs that are associated with various planned communities; and acquires and develops commercial and apartment properties.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
