On Tuesday, Shares of Mallinckrodt public limited company (NYSE:MNK), gained 4.58% to $120.27.
Mallinckrodt public limited company, stated results for the second quarter of fiscal 2015, which ended March 27, 2015.
Net sales were $909.9 million contrast with $557.8 million in the second quarter of fiscal 2014, an enhance of 63.1%. The enhance was primarily driven by the inclusion and performance of H.P. Acthar® Gel (repository corticotropin injection) and OFIRMEV® (acetaminophen) injection, attained in August 2014 and March 2014, respectively, and higher net sales in Mallinckrodt’s Specialty Generics segment.
On a non-GAAP basis, Mallinckrodt’s adjusted net income for the second quarter of fiscal 2015 was $201.0 million, contrast with $56.4 million in the same quarter a year ago. Non-GAAP adjusted diluted earnings per share were $1.72, contrast with $0.95 a year ago, primarily reflecting the addition of 2014 acquisitions in its Specialty Brands segment and improved performance in its Specialty Generics segment.
On a GAAP basis, net income for the second quarter of fiscal 2015 was $98.8 million, or $0.84 per diluted share, contrast with $11.6 million, or $0.20 per diluted share, in the preceding-year period. The enhance in net income reflects raised net sales and profits in the Specialty Brands and Specialty Generics segments and an improved effective tax rate. These factors were partially offset by higher selling, general and administrative costs and interest expense resulting from the debt associated with the acquisitions of Acthar and OFIRMEV. The fiscal 2015 diluted share count also reflects the issuance of shares in connection with the acquisition of Acthar.
Mallinckrodt public limited company develops, manufactures, markets, and distributes specialty pharmaceutical products and medical imaging agents worldwide. The company operates through two segments, Specialty Pharmaceuticals and Global Medical Imaging.
At the end of Tuesday’s trade, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR-A), jumped 4.58% to $9.36.
Brazil’s state-run oil company Petróleo Brasileiro S.A. Petrobras, confirmed on Tuesday it plans to report first-quarter earnings on May 15, at the end of a 45-day reporting window mandated by Brazilian securities regulator CVM.
Petrobras, as the company is known, stated its audited third- and fourth-quarter earnings on April 22 after months of delays as it negotiated with auditor PricewaterhouseCoopers over how to account for a vast corruption scandal.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
The Brink’s Company (NYSE:BCO), ended its last trade with 4.57% gain, and closed at $32.01, hitting its highest level.
The Brink’s Company, will take part in the Macquarie Extreme Services Conference, on May 11, 2015 at the Waldorf Astoria hotel in New York City. Joseph W. Dziedzic, executive vice-president and chief financial officer, will be accessible to meet with investors throughout the day.
The Brink’s Company provides secure transportation, cash administration services, and other security-related services worldwide. The company offers cash-in-transit services, counting armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance; and network infrastructure services.
Finally, Diamond Offshore Drilling, Inc. (NYSE:DO), closed at $34.59, with 4.50% gain.
Diamond Offshore Drilling, stated a net loss of $256 million, or $1.86 per share, in the first quarter of 2015, contrast to net income of $146 million, or $1.05 per share, in the first quarter of 2014. Revenues in the first quarter of 2015 were $620 million, contrast to revenues of $709 million in the first quarter of 2014.
Results for the quarter comprised of a non-cash charge of $319 million after tax, or $2.33 per share, associated with the impairment of eight drilling units, three of which are to be stepped down and scrapped. The units to be stepped down are the mid-water semisubmersibles Ocean Saratoga, Ocean Worker and Ocean Yorktown, which are all cold stacked in the U.S. Gulf of Mexico. Other rigs comprised of in the impairment group are the mid-water semisubmersibles Ocean Ambassador, Ocean General, Ocean Lexington, Ocean Nomad and the drillship Ocean Clipper.
The Company also recognized a charge during the quarter of $4 million after tax, or $0.03 per share, related to restructuring and employee separation-related costs.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market.
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