On Monday, Shares of Zogenix, Inc. (NASDAQ:ZGNX), gained 3.50% to $1.48.
Zogenix, declared that it will report its financial results for the first quarter ended March 31, 2015 after the market close, and will host a corporate update conference call and webcast on Monday, May 11, 2015 at 4:30pm Eastern Time.
Zogenix, Inc., a pharmaceutical company, develops and commercializes therapies for the treatment of central nervous system disorders in the United States. Its marketed product comprises Zohydro ER, an extended-release formulation of hydrocodone for the treatment of severe chronic pain.
At the end of Monday’s trade, Shares of NeuStar, Inc. (NYSE:NSR), jumped 3.49% to $31.15.
NeuStar, declared results for the quarter ended March 31, 2015, and offered guidance for full-year 2015.
Results for First Quarter 2015 Contrast to First Quarter 2014
- Revenue raised 9% to $251.4 million.
- Marketing Services revenue raised 13% to $37.2 million.
- Security Services revenue raised 32% to $39.6 million, counting $5.2 million in revenue from the .CO Internet acquisition accomplished in April 2014
- Net income raised 46% to $46.2 million
- Net income per share raised 62% to $0.81.
Non-GAAP Results for First Quarter 2015 Contrast to First Quarter 2014
- Adjusted net income raised 17% to $61.4 million
- Adjusted net income per share raised 29% to $1.08.
“Our first quarter results demonstrate that we are well-positioned to benefit from the evolving planned partnership between companies’ marketing and security departments,” said Lisa Hook, Neustar’s President and Chief Executive Officer. “Our highly competitive solutions in Marketing, Security, and Data Services deliver value for our clients as they grapple with the secular shift to digital and the proliferation of connected devices. Our Information Services & Analytics offerings provide our clients critical, high-value insights in this evolving data-driven marketplace, and make us an important partner to an expanding set of customers.”
Paul Lalljie, Neustar’s Chief Financial Officer, added, “Our Marketing and Security Services both delivered double-digit revenue growth year-over-year. During the quarter, we continued to generate strong free cash flow and declared a $150 million share repurchase program. Our strong first quarter, together with leading indicators and the NPAC contract amendment, give us visibility to extend guidance for all of 2015.”
NeuStar, Inc. provides real-time information services and analytics worldwide. The company serves marketing and security functions in the communications, financial services, media and advertising, retail and e-commerce, Internet, and technology industries. Its integrated marketing solution enhances clients’ ability to acquire and retain valuable customers across disparate platforms.
Health Net, Inc. (NYSE:HNT), ended its last trade with 3.21% gain, and closed at $54.70.
Health Net, declared 2015 first quarter GAAP net income of $30.0 million, or $0.38 per diluted share, contrast with GAAP net income of $28.8 million, or $0.36 per diluted share, for the first quarter of 2014 and $4.9 million, or $0.06 per diluted share, for the fourth quarter of 2014.
In the first quarter of 2015, Health Net incurred $47.3 million of pretax expenses primarily related to its formerly declared transaction with a wholly owned partner of Cognizant Technology Solutions Corporation (Cognizant). The transaction remains subject to receipt of required regulatory approvals.
The company’s Western Region Operations (Western Region) and Government Contracts segments produced combined net income of $58.3 million, or $0.74 per diluted share, in the first quarter of 2015 contrast with $31.3 million, or $0.39 per diluted share, in the first quarter of 2014 and $47.4 million, or $0.60 per diluted share, in the fourth quarter of 2014.
Highlights from the first quarter of 2015 comprise:
- Net income for Health Net’s combined Western Region and Government Contracts segments rose about 86 percent in the first quarter of 2015 contrast with the first quarter of 2014 as health plan enrollment gains, moderate health care cost trends and improved Western Region General and Administrative (G&A) and administrative expense ratios drove results;
- Health Net’s total revenues climbed 28 percent and health plan services premiums revenues raised about 29 percent in the first quarter of 2015 contrast with the first quarter of 2014. These revenue enhances were driven by enrollment growth from Medicaid expansion, dual eligible’s and the individual Affordable Care Act (ACA) exchanges;
- Merged enrollment for the Western Region lines of business grew from 2.6 million members to 3.1 million members as of March 31, 2014 and March 31, 2015, respectively. This enhance of nearly 20 percent was driven largely by individual exchange and Medicaid expansion growth in California;
- Health Net’s Western Region administrative expense ratio was 7.3 percent in the first quarter of 2015, a 160 basis point improvement contrast with the first quarter of 2014. The administrative expense ratio does not comprise premium taxes, the health insurer fee and other ACA-related fees; and
- The overall G&A expense ratio in the first quarter of 2015 improved 140 basis points year-over-year and 30 basis points sequentially, despite higher health insurer fees.
Health Net, Inc. provides managed health care services through health plans and government-sponsored managed care plans in the United States. It operates through Western Region Operations and Government Contracts segments.
Finally, Pandora Media, Inc. (NYSE:P), closed at $18.12, with 3.19% gain.
Pandora Media, declared that the company’s Vice President, Dominic Paschel, will present at the R.W. Baird 2015 Growth Stock Conference.
Mr. Paschel will present at the R.W. Baird 2015 Growth Stock Conference on Wednesday, May, 6, 2015 at 10:20 a.m. CT / 11:20 a.m. ET in Chicago, IL.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
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