On Friday, Shares of Pfizer Inc. (NYSE:PFE), gained 0.92% to $36.06, hitting its highest level.
Pfizer declared the expansion of its lease agreement with a partner of Massachusetts Institute of Technology, creating a unified Pfizer campus in Kendall Square (KSQ). With this expansion, Pfizer has leased the full 500,000 square feet at 610 Main Street in Kendall Square. This space will continue to house the R&D activities that relocated to 610 Main Street in 2014, and will enable the consolidation of Pfizer’s three other leased spaces in Cambridge into the one campus.
This most recent lease addition secures an added 130,000 square feet of space for potential expansion in the future and will be accessible for sub-tenancy in 2017. Once the three remote sites are merged, 610 Main Street will house about 1,000 Pfizer employees.
Pfizer’s R&D efforts in Cambridge will continue to focus on rare diseases, cardiovascular and metabolic disease, inflammation and immunology, neuroscience, and advanced biotherapeutic technologies. The expanded 370,000-plus square foot KSQ research center will assist foster a strong laboratory culture, with experimentation and partnership in the heart of Cambridge’s Kendall Square innovation hub, featuring state-of-the-art labs and an open design to assist foster breakthrough productivity and innovation that will potentially advance Pfizer’s pipeline.
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Shares of T-Mobile US, Inc. (NYSE:TMUS), inclined 4.63% to $40.66, during its last trading session, hitting its highest level.
T-Mobile US declared Double-Digit Revenue Growth and Strong Profitability in Q2.
Second Quarter 2015 Highlights:
- Continued customer momentum and low churn for the fastest growing wireless company in America:
- 1 million total net adds – 9th successive quarter of over 1 million
- million branded postpaid net adds – 4th successive quarter of over 1 million
- 760,000 branded postpaid phone net adds – expect to capture all of the industry postpaid phone growth
- Continued low branded postpaid phone churn of 1.3% – down 16 bps YoY
- T-Mobile ranked highest in the J.D. Power Wireless Customer Care Study
“While the carriers continue to use gimmicks to confuse consumers, T-Mobile continues to listen to customers and respond with moves that blow them away,” said John Legere, President and CEO of T-Mobile. “On top of adding 2.1 million new customers in the second quarter, we delivered 14% year-over-year revenue growth and 25% year-over-year Adjusted EBITDA growth. Overall, I think our results speak for themselves.”
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets.
Finally, Realogy Holdings Corp. (NYSE:RLGY), ended its last trade with -8.02% loss, and closed at $45.52.
Realogy Holdings Corp. stated financial results for the second quarter ended June 30, 2015, counting the following highlights:
- Revenue of $1.7 billion, which represents a 9% enhance contrast to second quarter 2014, was driven by higher homesale transaction volume.
- Net income for second quarter 2015 was $97 million, and basic earnings per share was $0.66, representing enhances of 43% and 40%, respectively, contrast to the preceding year period.
- Adjusted EBITDA was $282 million, contrast to $269 million in the second quarter of 2014, a year-over-year enhance of $13 million.
- Realogy generated $273 million of free cash flow for the quarter, or $1.86 per share, contrast to $198 million, or $1.36 per share, in the preceding year period.
- Realogy’s franchise (RFG) and company-owned (NRT) business segments achieved a 10% enhance in combined homesale transaction volume (transaction sides multiplied by average sale price) contrast to second quarter 2014. RFG stated a homesale transaction enhance of 5% and an average homesale price enhance of 5%. NRT stated a homesale transaction enhance of 13% and an average homesale price decrease of 4%. The enhance in NRT’s transaction sides was bolstered by the planned addition of the Coldwell Banker United and ZipRealty brokerage operations, which have a lower average sales price.
Realogy Holdings Corp. provides real estate and relocation services worldwide. The company’s Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses.
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