During Friday’s Current trade, Shares of Orexigen Therapeutics, (NASDAQ:OREX), gain 1.18% to $3.43.
Orexigen Therapeutics, Inc. (OREX) declared business and financial results for the second quarter ended June 30, 2015.
Recent Business Highlights:
- Orexigen and partner Takeda Pharmaceutical Company Limited declared the execution of an amended and restated partnershipagreement realigning the partnership for the success of Contrave in the United States and resolving all outstanding disputes between the parties.
- In June, eight months after the commercial launch, Contrave has become the leading branded weight loss medicine. According to IMS Health, 172,050 prescriptions were filled in the second quarter, a 47% enhance over the first quarter of 2015.
- Orexigen established Orexigen Therapeutics Ireland Limited, a wholly owned partner with economic rights to Contrave / Mysimba outside the United States. The Company anticipates that administration of ex-US manufacturing, supply chain, pharmacovigilance and other business functions through the partner should result in a more competitive global profitability outlook for Orexigen long-term.
Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity. It has a partnershipagreement with Takeda Pharmaceutical Company Limited to develop and commercialize Contrave in Canada and Mexico. Orexigen Therapeutics, Inc. was founded in 2002 and is headquartered in La Jolla, California.
Shares of AFLAC Incorporated (NYSE:AFL), inclined 0.20% to $64.27, during its current trading session.
Aflac Incorporated’s board of directors has authorized the purchase of up to 40 million shares of its common stock. This authorization is in addition to the 16.0 million shares that remained under a previous authorization as of June 30, 2015, bringing the total number of shares accessible for purchase to about 56.0 million. The company anticipates that the repurchase of shares will be conducted from time to time in open market or negotiated transactions, depending on market conditions.
Aflac Incorporated, through its partner, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, counting cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
Targa Resources Partners LP (NYSE:NGLS), during its Friday’s current trading session gained 1.45% to $32.79.
Targa Resources Partners LP (NGLS) (“Targa Resources Partners” or the “Partnership”) and Targa Resources Corp. (TRGP) (“TRC” or the “Company”) recently stated second quarter results.
Targa Resources Partners — Second Quarter 2015 Financial Results
Second quarter 2015 net income attributable to Targa Resources Partners was $45.8 million contrast to $108.8 million for the second quarter of 2014. Net income per diluted limited partner unit was $0.01 in the second quarter of 2015 contrast to $0.64 for the second quarter of 2014. The Partnership stated earnings before interest, income taxes, depreciation and amortization and other non-cash items (“Adjusted EBITDA”) of $303.2 million for the second quarter of 2015 contrast to $228.7 million for the second quarter of 2014. The Partnership’s distributable cash flow for the second quarter of 2015 of $218.4 million corresponds to distribution coverage of about 1.1 times the $200.4 million in total distributions to be paid on August 14, 2015 (see the section of this release entitled “Targa Resources Partners - Non-GAAP Financial Measures” for a talk aboution of Adjusted EBITDA, gross margin, operating margin and distributable cash flow, and reconciliations of such measures to their most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”)).
Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and Processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil. This division gathers and processes natural gas from the Permian Basin in West Texas and Southeast New Mexico; the Fort Worth Basin, counting the Barnett Shale, in North Texas; and the Williston Basin in North Dakota, in addition to from the onshore and offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico. It supplies natural gas through its gathering systems that comprise about 11,400 miles of natural gas pipelines.
Finally, El Pollo LoCo Holdings Inc (NASDAQ:LOCO), decreased -17.38%, to $15.19.
El Pollo Loco Holdings, Inc. (LOCO) declared financial results for the 13-week period ended July 1, 2015.
Highlights for the second quarter ended July 1, 2015, contrast to the second quarter ended June 25, 2014 were as follows:
- Total revenue raised to $89.5 million contrast to $86.9 million.
- System-wide comparable restaurant sales grew 1.3%, counting a 0.5% decrease for company-operated restaurants, and a 2.6% enhance for franchised restaurants.
- Net income was $7.2 million, or $0.18 per diluted share, contrast to net income of $6.6 million, or $0.22 per diluted share.
- Pro forma net income(1)raised 21.4% to $7.4 million, or $0.19 per diluted share, contrast to $6.1 million, or $0.16 per diluted share.
- Adjusted EBITDA(1)raised 2.6% to $17.0 million.
El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States. The company offers individual and family-sized chicken meals, Mexican-inspired entrees, sides, and, alternative proteins. As of June 25, 2015, it had about 415 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah. The company was formerly known as Chicken Acquisition Corp. and changed its name to El Pollo Loco Holdings, Inc. in April 2014.
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