Compliance Notice, Dividend Announcements, New Share Repurchase Program, and Financial Results - Research Reports on Gilead, Pfizer, AbbVie, Edwards and Lilly
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NEW YORK, October 29, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Gilead Sciences, Inc. (NASDAQ: GILD), Pfizer Inc. (NYSE: PFE), AbbVie Inc. (NYSE: ABBV), Edwards Lifesciences Corp. (NYSE: EW) and Eli Lilly and Co. (NYSE: LLY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7520-100free.
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Gilead Sciences, Inc. Research Reports
On October 16, 2014, Gilead Sciences, Inc. (Gilead) reported that Health Canada has issued a Notice of Compliance for Harvoni™ (ledipasvir 90 mg/sofosbuvir 400 mg), the first once-daily single tablet regimen for the treatment of chronic hepatitis C genotype 1 infection in adults. The Company informed that it filed a New Drug Submission for Harvoni in Canada on March 19, 2014 and was granted Priority Review by Health Canada. The marketing authorization for Harvoni is supported by data from three Phase 3 studies, ION-1, ION-2 and ION-3. The Company stated that these studies evaluated eight, 12 or 24 weeks of treatment with Harvoni, with or without ribavirin, among nearly 2,000 genotype 1 HCV patients with compensated liver disease. The full research reports on Gilead are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/GILD/report.pdf
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Pfizer Inc. Research Reports
On October 23, 2014, Pfizer Inc. (Pfizer) announced that the Company's Board of Directors has declared Q4 2014 dividend of $0.26 on its common stock, payable on December 2, 2014, to shareholders of record at the close of business on November 7, 2014. In addition, the Board has also authorized a new $11 billion share repurchase program to be utilized over time. The Company stated that this new program is in addition to the $1.3 billion of authorization remaining under the Company's current share repurchase program. The full research reports on Pfizer are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/PFE/report.pdf
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AbbVie Inc. Research Reports
On October 20, 2014, AbbVie Inc. (AbbVie) announced that the Company's Board of Directors has increased the Company's quarterly cash dividend by 16.7% QoQ to $0.49 per share. The recently announced dividend is payable on February 13, 2015 to stockholders of record as of January 15, 2015. In addition, the Company's Board has also authorized a new $5 billion stock repurchase program, which is expected to be executed over the next several years. The Company plans to hold its Q3 2014 earnings conference call on October 31, 2014 at 8:00 a.m. CT or 9:00 a.m. ET. According to Bloomberg Businessweek's analysts, the Company is expected to report Q3 2014 EPS of $0.77 on revenue of $4.8 billion. The full research reports on AbbVie are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/ABBV/report.pdf
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Edwards Lifesciences Corp. Research Reports
On October 23, 2014, Edwards Lifesciences Corp. (Edwards) released its Q3 2014 and 9M 2014 financial results. The Company's Q3 2014 net sales improved 22.6% YoY to $607.4 million, helped by 55.3% YoY growth in Transcatheter Heart Valves sales of $267.2 million. The Company's Q3 2014 net income stood at $94.6 million or $0.87 per diluted share, compared to net income of $76.8 million or $0.68 per diluted share in Q3 2013. On average, 21 analysts polled by Thomson Reuters expected the Company to report Q3 2014 EPS (excluding special items) of $0.73 per share, while Wall Street analysts' expected the Company to report revenue of $546.32 million for the quarter. The Company's 9M 2014 net sales improved 12.9% YoY to $1.7 billion, while net income improved 123.5% YoY to $701.9 million. For Q4 2014, the Company expects total sales between $575 million and $615 million, and diluted EPS (excluding special items) between $0.89 and $0.95, while for full-year 2014 the Company expects total sales between $2.05 billion and $2.25 billion, and diluted EPS (excluding special items) between $3.33 and $3.39. The full research reports on Edwards are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/EW/report.pdf
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Eli Lilly and Co. Research Reports
On October 23, 2014, Eli Lilly and Co. (Lilly) reported 15.5% YoY decline in its total revenues to $4.88 billion, primarily due to lower volume driven by the loss of U.S. patent exclusivity for Cymbalta®, and to a lesser extent Evista®, partially offset by volume gains for most other products. The Company's Q3 2014 net income stood at $500.6 million or $0.47 per diluted share, compared to net income of $1.2 billion or $1.11 per diluted share in Q3 2013. On average, 16 analysts polled by Thomson Reuters expected the Company to report Q3 2014 EPS (excluding special items) of $0.67, while Wall Street expected revenues of $4.83 billion for the quarter. The Company's 9M 2014 total revenues declined 16.2% YoY to $14.5 billion, while net income declined 50.4% YoY to $2.0 billion. The Company also revised its full-year 2014 guidance and now expects its full-year 2014 revenue between $19.4 billion and $19.8 billion, and EPS in the range of $2.34 - $2.42. The full research reports on Lilly are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/LLY/report.pdf
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