On Friday, Shares of Biogen Inc. (NASDAQ:BIIB), lost -22.08% to $300.03.
Biogen stated second quarter 2015 results, counting revenues of $2.6 billion, a 7% enhance contrast to the second quarter of 2014. Non-GAAP diluted earnings per share (EPS) for the second quarter of 2015 were $4.22, an enhance of 21% over the second quarter of 2014. Non-GAAP net income attributable to Biogen for the second quarter of 2015 was $995 million, an enhance of 20% over the second quarter of 2014.
On a stated basis, GAAP diluted EPS for the second quarter of 2015 were $3.93, an enhance of 31% over the second quarter of 2014. GAAP net income attributable to Biogen for the second quarter of 2015 was $927 million, an enhance of 30% as compared to the same period in the preceding year.
Biogen Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurological, autoimmune, and hematologic disorders in the United States and internationally. It provides AVONEX to treat relapsing multiple sclerosis (MS); TYSABRI to treat relapsing forms of MS and Crohn’s disease.
Shares of Forum Energy Technologies, Inc. (NYSE:FET), declined -12.13% to $14.85, during its last trading session, hitting its lowest level.
Forum Energy Technologies declared second quarter 2015 revenue of $284 million, a decrease of $144 million, or 34%, from the second quarter 2014. Net income for the quarter was $9 million or $0.10 per diluted share contrast to $40 million or $0.41 per diluted share for the preceding year period. Not taking into account $0.06 per share of non-operational items, adjusted diluted earnings per share were $0.16 in the second quarter 2015. Non-operational items for the quarter comprised of primarily a foreign exchange loss and a restructuring charge. See Table I for a reconciliation of GAAP to non-GAAP financial information.
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates in two segments, Drilling & Subsea, and Production & Infrastructure.
Finally, WidePoint Corp. (NYSEMKT:WYY), ended its last trade with -1.83% loss, and closed at $2.15, hitting its highest level.
WidePoint Corporation declared that its partner Soft-ex Communications Ltd. has been selected by Telefonica UK to deliver Cloud Digital Services to its major customers across all business segments. The initial three-year services arrangement has the potential to yield a multi-million pound sterling revenue opportunity to Soft-ex.
Under this agreement, Soft-ex will provide its online bill presentment and analytics solution to Telefonica UK clients. These large enterprise and public sector customers will now be able to view their merged bills for mobile, fixed, and PBX in a single location. With access to a centralized cloud portal, customers will be able to reduce time spent searching and analyzing their telecom expenses, leaving them more time to focus on reducing overall costs, improving inventory control, and introducing business efficiencies.
WidePoint Corporation provides information technology (IT) based products, services, and solutions worldwide. The company offers expense administration solutions, which provide a range of dash boards and reports to evaluate communications carrier compliance against a contract, and manage communication assets and expenses; identity administration and identity assurance services to protect and defend information and information systems; and Certificate-on-Device solution, a robust cloud-based service that provides secure digital certificates to various mobile devices.
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