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BRIEF-Phibro Animal Health Qtrly Diluted EPS OF $0.17
Phibro Animal Health Corp(PAHC): * ORATION REPORTS SECOND QUARTER AND UPDATED ANNUAL FINANCIAL GUIDANCE. * QTRLY NET SALES OF $206 MILLION, AN INCREASE OF $14 MILLION, OR 7% * QTRLY DILUTED EPS OF $0.17. * QTRLY âADJUSTED DILUTED EPS OF $0.44â. * STATUTORY FEDERAL INCOME TAX RATE WILL BE 21.0% FOR OUR FISCAL YEAR BEGINNING JULY 1, 2018.
Athenahealth shares surge after results top Street view
Athenahealth Inc.(ATHN) shares rallied in the extended session Thursday after the medical records and hospital services company topped Wall Street forecasts. Athenahealth (ATHN) shares surged 16% to $145 after hours. The company reported fourth-quarter net income of $31.6 million, or 78 cents a share, compared with $9.8 million, or 24 cents a share, in the year-ago period.
Dutch health care giant Philips announces net profit rise
Dutch health care and electronics giant Philips says its fourth-quarter net profit rose to 899 million euros ($1.1 billion) from 640 million euros in the same period a year ago
Tenet Healthcare's stock drops after increased job cuts, lower adjusted profit outlook
Shares of Tenet Healthcare Corp. dropped 3.9% in afternoon trade Monday, after the health care services company increased its workforce reduction target by over 50% in an effort to cut more costs. The company said in a presentation at the J.P. Morgan Healthcare Conference in San Francisco it would cut about 2,000 jobs as it targets an annualized $250 million in cost reductions by the end of 2018. At the Bank of America Merrill Lynch Leverage Finance Conference on Nov. 29, Tenet said it would eliminate 1,300 jobs and targeted cost cuts of $150 million. Separately, the company cut its 2018 adjusted earnings-per-share guidance range to 58 cents to 97 cents from $1.07 to $1.36, because it will no be able to recognize for accounting purposes the future benefit related to excess interest expense limitation carryforward, as a result of the new tax law. The FactSet 2018 adjusted EPS consensus was $1.23. The stock has lost 5.3% over the past three months, while the SPDR Health Care Select Sector ETF has gained 2.4% and the S&P 500 has climbed 7.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Tenet, St. Luke's Hospital Announce Agreement Regarding Sale Of Des Peres Hospital
Tenet Healthcare Corp(THC): * TENET AND ST. LUKE'S HOSPITAL ANNOUNCE DEFINITIVE AGREEMENT REGARDING THE SALE OF DES PERES HOSPITAL. * TENET HEALTHCARE SAYS ENTERED AGREEMENT FOR ST. LUKE'S TO PURCHASE DES PERES HOSPITAL, TENET-OWNED PHYSICIAN PRACTICES, AMONG OTHERS Source text for Eikon: Further company coverage:
BRIEF-Streamline Health Q3 Revenue$6.4 Million
* STREAMLINE HEALTH® REPORTS THIRD QUARTER 2017 REVENUES OF
MILLION; BREAKEVEN NET INCOME; ADJUSTED EBITDA OF $1.5 MILLION
U.S. healthcare shares climb as investors see upside from Republican tax bill
Shares of U.S. healthcare companies mostly climbed on Wednesday, as investors saw some potential upside for the stocks from a Republican-led bill to cut taxes. Hospitals were among the biggest gainers on the day, with Community Health Systems (CYH) up 6.2 percent and shares of Tenet Healthcare (THC) up 5.2 percent.
UnitedHealth sees up to 8.5 pct earnings growth in 2018
UnitedHealth Group Inc(UNH) on Monday said it expected earnings to grow around 5.5 percent to 8.5 percent in 2018. The company said it expected adjusted net earnings in the range of $10.55 a share to $10.85 a share next year on revenue of $223 billion to $225 billion. The health insurer said it still expected 2017 adjusted earnings approaching $10 per share on more than $200 billion of revenue.
UnitedHealth lays out growth plans for 2018
UnitedHealth Group Inc(UNH) on Monday said it expected earnings to grow around 5.5 percent to 8.5 percent in 2018. The company said it expected adjusted net earnings in the range of $10.55 a share to $10.85 a share next year on revenue of $223 billion to $225 billion.
BRIEF-UnitedHealth Group Sees 2017 Adjusted Net Earnings To Approach $10 Per Share
* UNITEDHEALTH GROUP TO DISCUSS BUSINESS OUTLOOK AT INVESTOR
Amazon vs. Walmart: The rest of retail fights for crumbs
Amazon's stock is up more than 60% this year to above $1,200 due to healthy sales -- and that's helped lift the net worth of CEO Jeff Bezos past the $100 billion level. Walmart's shares have soared 40% to a near record high of $100 thanks to robust growth in its online commerce operations. But the rest of retail? Shares of Nordstrom (JWN) have fallen nearly 15% so far in 2017.
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