During Wednesday’s current trade, the Dow traded up 0.58 percent to 17,683.85 while the NASDAQ surged 0.66 percent to 5,063.28. The S&P also rose, gaining 0.68 percent to 2,079.89.
In trading on Wednesday, Following Earnings Stocks News:
Shares of Boston Scientific Corporation (NYSE:BSX), inclined 6.99% to $17.99. The firm opened its current trade at $17.30. The total volume traded for the day is 14.83M shares, as compared to its average daily volume of 9.27M shares. The stock is floating in a range of $17.29 - $18.30. The stocks hold the market capitalization of $22.83B.
Boston Scientific Corporation (BSX) generated sales of $1.888 billion during the third quarter ended September 30, 2015, contrast to the company’s guidance range for the quarter of $1.790 to $1.840 billion. This represents 9 percent operational revenue growth (constant currency basis, not taking into account divested businesses) and an improvement of 2 percent on a stated basis, all contrast to the preceding year period. The company achieved adjusted earnings per share of $0.24 for the period, contrast to $0.20 a year ago, and stated a GAAP loss of $198 million, or $(0.15) per share, contrast to earnings of $0.03 a year ago.
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.
Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA), declined -7.79% to $87.75. The firm opened its current trade at $92.04. The total volume traded for the day is 9.53M shares, as compared to its average daily volume of 4.43M shares. The stock is floating in a range of $87.08 - $93.00. The stocks hold the market capitalization of $103.40B.
Walgreens Boots Alliance, Inc. (NASDAQ: WBA) declared financial results for fiscal year and fourth quarter 2015 that ended 31 August 2015.
In fiscal 2015, GAAP net earnings attributable to Walgreens Boots Alliance raised 118.4 percent to $4.2 billion contrast with the same period a year ago, while GAAP net earnings attributable to Walgreens Boots Alliance per diluted share raised 100 percent to $4.00 contrast with the same period a year ago.
Adjusted net earnings attributable to Walgreens Boots Alliance for fiscal year 2015 raised 28.9 percent to $4.1 billion contrast with the same period a year ago. Adjusted net earnings attributable to Walgreens Boots Alliance per diluted share for fiscal year 2015 raised 18.3 percent to $3.88 contrast with the same period a year ago. Earnings adjustments in fiscal year 2015 were a net reduction of GAAP net earnings attributable to Walgreens Boots Alliance of $135 million or $0.12 per diluted share.
Net sales in fiscal year 2015 raised 35.4 percent to $103.4 billion contrast with the same period a year ago.
Fiscal 2015 fourth quarter net earnings attributable to Walgreens Boots Alliance determined in accordance with GAAP were $26 million contrast with a loss of $221 million in the same quarter a year ago, while GAAP net earnings attributable to Walgreens Boots Alliance per diluted share were $0.02 contrast with a loss of $0.23 in the same quarter a year ago.
Walgreens Boots Alliance, Inc., together with its auxiliaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, in addition to through mail, and by telephone and online.
Shares of National-Oilwell Varco, Inc (NYSE:NOV), gain 2.36% to $36.78. The firm opened its current trade at $36.42. The total volume traded for the day is 4.61M shares, as compared to its average daily volume of 5.75M shares. The stock is floating in a range of $34.56 - $37.27. The stocks hold the market capitalization of $13.80B.
National Oilwell Varco, Inc. (NOV) stated that for its third quarter ended September 30, 2015, it earned net income of $155 million, or $0.41 per fully diluted share, contrast to second quarter ended June 30, 2015 net income of $289 million, or $0.74 per fully diluted share. Not Taking Into Account other items and non-recurring charges from all periods, third quarter net income was $232 million, or $0.61 per fully diluted share, contrast to $0.77 in the second quarter of 2015 and $1.62 in the third quarter of 2014. Third quarter 2015 other items were $55 million in pre-tax intangible asset impairment charges and $57 million in pre-tax severance, facility closure, and other charges.
Revenues for the third quarter of 2015 were $3.31 billion, a decrease of 15 percent from the second quarter of 2015 and a decrease of 41 percent from the third quarter of 2014. Operating profit for the quarter, not taking into account the other items, was $346 million, or 10.5 percent of sales. EBITDA, not taking into account other items, was $511 million, or 15.5 percent of sales, down 19 percent sequentially and 58 percent from the preceding year. Operating leverage, or the change in operating profit divided by the change in revenue, not taking into account other items, was 18 percent from the second quarter of 2015 to the third quarter of 2015. SG&A expenses declined 15 percent sequentially and 34 percent from the third quarter of last year.
During the third quarter of 2015, the Company accomplished its share repurchase program repurchasing and retiring 10.85 million shares of its common stock at an average price of $40.98 per share for a total purchase price of $444 million. Since initiating the share buyback program in September 2014, the Company repurchased 55.6 million shares, or 13 percent of its shares outstanding.
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide.
Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU), declined -3.31% to $14.90. The firm opened its current trade at $15.39. The total volume traded for the day is 6.68M shares, as compared to its average daily volume of 7.92M shares. The stock is floating in a range of $14.35 - $15.39. The stocks hold the market capitalization of $19.80B.
FCA (FCAU) stated Q3 Net revenues at €27.5 billion, up 17% and Adjusted EBIT at €1.3 billion, up 35%, driven by strong performance in NAFTA, Ferrari and Components in addition to continued improvement in EMEA. Group recorded one-off after-tax charges of €602 million (excluded from Adjusted EBIT) mainly to adjust reserves to reflect current regulatory and recall environment. Net industrial debt was reduced to €7.8 billion, down €0.2 billion from preceding quarter.
- Worldwide shipments were 1.1 million units, in line with Q3 2014. Jeep’s positive performance continued with worldwide shipments up 27%.
- Net revenues were €27.5 billion, 17% higher than Q3 2014.
- Adjusted EBIT1 was €1,303 million, up 35% from €968 million in Q3 2014 with NAFTA more than doubling and LATAM returning to profitability despite ongoing poor market conditions.
- Adjusted net profit2 was €303 million, contrast to €230 million in Q3 2014 while without adjustments there was a Net loss of €299 million contrast to a Net profit of €188 million in Q3 2014.
- Net industrial debt was €7.8 billion, down €0.2 billion from June 30, 2015. Liquidity remained strong at €24.9 billion.
- The Group confirms its full-year guidance as revised upwards in Q2 and notes that Net industrial debt guidance is adjusted to €6.6 - €7.1 billion (€7.5 - €8.0 billion formerly) to reflect transactions accomplished in connection with the Ferrari IPO.
2015 Outlook
The Group confirms its full-year guidance as revised upwards in Q2:
- Worldwide shipments at ~ 4.8 million units;
- Net revenues over €110 billion;
- Adjusted EBIT equal to or in excess of €4.5 billion;
- Adjusted net profit of ~ €1.2 billion, with Adjusted basic EPS ~ €0.77;
- Net industrial debt guidance is adjusted to €6.6 - €7.1 billion (from €7.5 to €8.0 billion formerly) to reflect transactions accomplished in connection with the Ferrari IPO.
- Figures do not reflect impact of the formerly declared spin-off of Ferrari planned for January 2016.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components.
Shares of Anthem Inc (NYSE:ANTM), declined -1.59% to $142.43. The firm opened its current trade at $141.00. The total volume traded for the day is 2.81M shares, as compared to its average daily volume of 2.24M shares. The stock is floating in a range of $134.74 - $142.39. The stocks hold the market capitalization of $39.65B.
Anthem, Inc. (ANTM) declared that third quarter 2015 net income was $654.8 million, or $2.43 per share. These results comprised net negative adjustment items of $0.30 per share. Net income in the third quarter of 2014 was $630.9 million, or $2.22 per share, which comprised net negative adjustment items of $0.28 per share.
Not Taking Into Account the items noted in each period, adjusted net income was $2.73 per share in the third quarter of 2015, an improvement of 9.2 percent contrast with adjusted net income of $2.50 per share in the preceding year quarter.
“Our solid third quarter 2015 results reflect continued enrollment growth in both Commercial and Government business segments and our emphasis on driving greater affordability and choice for members. We remain firmly focused on driving a differentiated consumer experience and capitalizing on the future opportunities for growth across our markets,” said Joseph Swedish, president and chief executive officer.
Operating Revenue: Operating revenue was nearly $19.8 billion in the third quarter of 2015, an improvement of about $1.4 billion, or 7.6 percent, as compared to the nearly $18.4 billion in the preceding year quarter. The growth in revenue reflected premium improvements to cover overall cost trends and higher enrollment in the Medicaid and Commercial self-funded businesses. These improvements were partially offset by a decline in Local Group fully insured and Individual enrollment.
Anthem, Inc., through its auxiliaries, operates as a health benefits company in the United States. It operates through three segments: Commercial and Specialty Business, Government Business, and Other.