On Friday, Shares of Exact Sciences Corporation (NASDAQ:EXAS), gained 5.36% to $22.02.
Today, Exact Sciences Corporation, declared its business and financial results for the quarter ending March 31, 2015, reporting that 11,000 Cologuard tests were accomplished and that the number of ordering physicians more than doubled, increasing from 4,100 at the end of 2014 to 8,300 in the first quarter of 2015.
The company expanded its team of sales professionals from 80 to 140 during the first quarter and also reached an exclusive co-promotion agreement with Ironwood Pharmaceuticals, Inc. The arrangement will bring Cologuard to even more physicians and their patients through Ironwood’s 160 sales professionals.
Exact Sciences also made steady progress securing coverage from commercial insurers during the first quarter. This comprised of positive medical policy coverage decisions from Anthem BlueCross BlueShield (37 million covered lives), Tufts Health Plan (1 million), CareFirst BlueCross BlueShield PPO (2 million) and Excellus BlueCross BlueShield of Western New York (1 million). The company also formally extended its partnership with the Mayo Foundation for Medical Education and Research by an additional five years and expanded its licensing agreement to comprise additional gastrointestinal conditions.
Exact Sciences Corporation, a molecular diagnostics company, focuses on developing non-invasive colorectal cancer screening products. The company develops the Cologuard, a non-invasive stool-based DNA colorectal cancer screening test that is designed to detect pre-cancerous lesions or polyps, and each of the four stages of colorectal cancer.
At the end of Friday’s trade, Shares of RTI International Metals, Inc. (NYSE:RTI), jumped 5.23% to $39.62, hitting its highest level.
RTI International Metals, stated 2015 first quarter financial results that reflect continued growth in revenues and improvement in profitability contrast to last year’s first quarter.
2015 First Quarter Results Summary
- Revenues totaled $198.5 million, an enhance of 14% contrast to revenues of $174.5 million for the same period last year.
- Operating income was $12.2 million contrast to $1.6 million in last year’s first quarter.
- Not taking into account $4.7 million of expenses related to the Company’s pending merger with Alcoa, first quarter 2015 operating income was $16.9 million.
- Net income attributable to ongoing operations was $4.5 million, or $0.15 per diluted share, contrast to last year’s net loss attributable to ongoing operations of $(3.8) million, or $(0.13) per diluted share.
- Not taking into account the unfavorable impact of merger-related expenses ($3.5 million after-tax, or $0.11 per diluted share) and favorable discrete income tax adjustments ($1.9 million, or $0.06 per diluted share), first quarter 2015 net income attributable to ongoing operations was $6.1 million, or $0.20 per diluted share.
- Titanium mill product shipments were 4.3 million pounds contrast to 3.8 million pounds in last year’s first quarter.
- Boeing 787 seat track deliveries totaled 33 equivalent ship sets contrast to 28 in the same period last year.
RTI International Metals, Inc. produces and supplies titanium mill products; and manufactures fabricated titanium and specialty metal components worldwide. The company operates through two segments, Titanium, and Engineered Products and Services.
Vale S.A. (NYSE:VALE), ended its last trade with 5.08% gain, and closed at $8.07.
Vale closed higher on Friday, after the Brazilian iron ore producer indicated possible production cuts.
The company said Thursday that it could reduce its predictable iron ore production by up to 30 million tons during the next two years as it attempts to revive its margin amid an ongoing and severe commodity price decline.
An enhance in capacity “enables us to close higher-cost and lower-quality production if necessary,” said Vale Head of Ferrous Peter Poppinga on a conference call, according to Reuters. “The capacity will be there, 450 million tonnes, and we are going to use it according to market conditions.”
Prices of the steel making ingredient are near their lowest in a decade, as they have dropped 47% in the past year.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet.
Finally, NXP Semiconductors NV (NASDAQ:NXPI), closed at $100.99, with 5.07% gain.
NXP Semiconductors, stated financial results for the first quarter ended April 5, 2015, in addition to offered guidance for the second quarter of 2015.
Additional Information for the First Quarter of 2015:
- On February 9, 2015, NXP attained Quintic’s Bluetooth Low Energy (BTLE) and Wearable businesses. With this transaction, NXP adds BTLE to an existing portfolio of ultra-low power RF-connectivity solutions key to the Internet-of-Things.
- On February 19, 2015, NXP declared its intention to establish a joint venture (JV) with China state-owned investment company JianGuang Asset Administration Co. Ltd (JAC Capital) in China. The JV is intended to combine NXP’s advanced technology from its Bipolar Power business line with JAC Capital’s connections in the Chinese manufacturing network and distribution channels.
- On March 1, 2015, NXP and Freescale Semiconductor, Ltd. (FSL) signed a definitive agreement under which NXP will merge with Freescale. In connection with the merger transaction, NXP has filed with the Securities and Exchange Commission (“SEC”) a draft registration statement on Form F-4; the information contained herein is not complete yet and may be changed until being declared effective by the SEC.
- On March 9, 2015, NXP attained Athena SCS Ltd., a provider of solutions securing the rapidly expanding connected world. The acquisition will further strengthen NXP’s offering in providing secure solutions across a multitude of applications in the areas of Internet-of-Things, portable & wearables and automotive.
- NXP repurchased “sell-to cover transactions” by employees - about 50 thousand shares in the first quarter of 2015 for a total cost of about $4 million.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide.
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