Financial Results, Dividends, and Positive Outcome of Regulatory Inspection - Research Report on Waters, PAREXEL, PerkinElmer, NuVasive, and WuXi
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NEW YORK, November 1, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Waters Corporation (NYSE: WAT), PAREXEL International Corporation (NASDAQ: PRXL), PerkinElmer, Inc., NuVasive, Inc. (NASDAQ: NUVA), and WuXi PharmaTech Cayman Inc. (NYSE: WX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Waters Corporation Research Report
On October 22, 2013, Waters Corporation (Waters) reported Q3 FY 2013 (period ended September 28, 2013) financial results. During the quarter, the Company's sales increased by 1.6% YoY to $457.3 million. Net income was $98.0 million or $1.14 per diluted common share in Q3 FY 2013, compared with $99.1 million or $1.12 per diluted common share in Q3 FY 2012. Douglas Berthiaume, Chairman, President, and CEO of Waters said, "Slower sales growth to our pharmaceutical base affected our overall top line performance. However, improved business conditions across our industrial chemical markets, in combination with stronger global governmental and academic demand, contributed to the sales growth in the quarter." The Full Research Report on Waters Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2fff_WAT]
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PAREXEL International Corporation Research Report
On October 29, 2013, PAREXEL International Corporation (PAREXEL) reported Q1 FY 2014 (period ended September 30, 2013) financial results. Total revenue during the quarter increased 14.4% YoY to $529.1 million. Net income was $26 million or $0.45 per diluted share in Q1 FY 2014, compared with $15.1 million, or $0.25 per diluted share in Q1 FY 2013. Josef H. von Rickenbach, Chairman and CEO of PAREXEL, said "In the first quarter, we drove continued improvement in our productivity and efficiency initiatives, while at the same time keeping a close eye on costs and proactively investing in the future on a targeted basis. This resulted in sequential and year-over-year improvements in gross margins across all three of our business segments, and significant improvement in operating margin. We achieved these results with a slightly lower than expected level of revenue caused by contract signature delays in the quarter, and typical seasonality patterns." For Q2 FY 2014, the Company anticipates revenue to be in the range of $475 million to $480 million and EPS to be between $0.46 and $0.50, while for full-year FY 2014, it expects revenue to be in the range of $1,890 million to $1,920 million and EPS to be between $1.95 and $2.11. The Full Research Report on PAREXEL International Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/067b_PRXL]
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PerkinElmer, Inc. Research Report
On October 24, 2013, PerkinElmer, Inc. (PerkinElmer) announced that its Board of Directors has approved a regular quarterly dividend of $0.07 per share of common stock, payable on February 7, 2014, to all shareholders of record at the close of business as of January 17, 2014. The Full Research Report on PerkinElmer, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2016_PKI]
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NuVasive, Inc. Research Report
On October 29, 2013, NuVasive, Inc. (NuVasive) reported Q3 2013 financial results. During the quarter, the Company achieved revenue of $169.2 million, representing an increase of 14% YoY. Net income attributable to the Company was $7.5 million, or $0.16 per diluted share, in Q3 2013, compared with $2.4 million, or $0.05 per diluted share, in Q3 2012. Alex Lukianov, Chairman and CEO of NuVasive said, "The execution of our market share taking strategy has been outstanding through the first three quarters of 2013, and we are pleased to be increasing full year revenue and non-GAAP operating margin guidance to reflect solid outperformance. We are building on the momentum established at Eurospine and at NASS to close this year well and kick off 2014 with continued strategic execution." For full-year 2013, the Company anticipates revenue of c.$670 million, up from prior guidance of $655 million, and earnings EPS of c.$0.07, up from prior guidance of a loss per share of $0.09. The Full Research Report on NuVasive, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c66c_NUVA]
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WuXi PharmaTech Cayman Inc. Research Report
On October 29, 2013, WuXi PharmaTech Cayman Inc. (WuXi) announced that the advanced intermediate manufacturing facility of the Company's subsidiary, Shanghai SynTheAll Pharmaceutical Co. Ltd (STA) and small molecule API has completed a general GMP and Pre-Approval Inspection from the U.S. Food and Drug Administration (FDA) with no Form 483 issued. The Company informed that the result of the inspection confirms STA's capabilities in helping the clients move their new chemical entities through clinical development stages and eventually to commercial launch in the global market. Dr. Ge Li, Chairman and CEO of WuXi, said "The result of this inspection speaks to WuXi's high standards of quality. We continue to leverage our knowledge and that of our partners to build and operate a first-class quality system in China that meets global regulatory requirements." The Full Research Report on WuXi PharmaTech CaymanInc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/df7b_WX]
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