Prestigious Recognitions, Product Enhancements, and Earnings Releases - Analyst Notes on Discover, BlackRock, Covance, BioMarin and Vertex
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NEW YORK, May 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Discover Financial Services (NYSE: DFS), BlackRock, Inc. (NYSE: BLK), Covance Inc. (NYSE: CVD), BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) and Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2142-100free.
Discover Financial Services Analyst Notes
On April 29, 2014, Discover Financial Services (Discover) - a direct banking and payment services Company, announced that it has been honored for the next generation customer service application. Discover's new technology has been recognized on the 2014 InformationWeek Elite 100 List - a list of the top business technology innovators in the U.S. Commenting on this recognition, Glenn Schneider, Chief Information Officer, Discover, said, "We leveraged leading-edge data analytics and real-time technologies to help us instantly identify, understand and successfully address the needs of our customers." As stated, Discover made the list by developing a new application that provides a fully comprehensive, customer-centric view and supplies account managers with better data and up-to-the-minute information, allowing them to provide superior customer service. The full analyst notes on Discover are available to download free of charge at:
http://www.analystsreview.com/2142-DFS-07May2014.pdf
BlackRock, Inc. Analyst Notes
On April 21, 2014, BlackRock, Inc. (Blackrock) - the world's largest asset manager and owner of iShares family of exchange traded funds, introduced CoRI™ Retirement Suite Enhancements. According to the Company, the new enhanced CoRI Tool illustrates pre-retirees on ways to plan for retirement income. BlackRock's CoRI retirement suite, through a new feature, helps pre-retirees identify savings and investment strategies that can help plan for income goals in retirement. Chip Castille, Head of BlackRock's U.S. Retirement Group, said, "The CoRI approach addresses the crucial issue at the heart of the retirement challenge: saving enough in your working years to get the income you want in retirement. CoRI gives pre-retirees unique insight into the savings-to-income translation - plus the tools to put that insight to work." The full analyst notes on BlackRock are available to download free of charge at:
http://www.analystsreview.com/2142-BLK-07May2014.pdf
Covance Inc. Analyst Notes
On May 2, 2014, shares of Covance Inc. (Covance) declined 6.95%, a day after the Company reported Q1 2014 adjusted EPS, which exceeded analysts' estimates, but trailed expectations on the revenue front. The Company's net revenue for Q1 2014 was $620.1 million, up 6.9% YoY, but lagged Thomson's Reuters analysts' consensus revenue estimate of $632.2 million. Excluding a gain on the sale of our Seattle genomics laboratory of $1.6 million and charges associated with restructuring and other cost reduction actions totaling $4.1 million, the Company reported earnings per diluted share of $0.90, up 20.1% YoY. Thomson Reuters' anticipated the Company to earn $0.89 per share for Q1 2014. According to the Company, it expects additions of a few cents in EPS in each quarter throughout the year and has narrowed its 2014 financial expectations to revenue growth of 6% - 9% and pro forma diluted EPS of $3.70 to $3.95. The full analyst notes on Covance are available to download free of charge at:
http://www.analystsreview.com/2142-CVD-07May2014.pdf
BioMarin Pharmaceutical Inc. Analyst Notes
On May 1, 2014, BioMarin Pharmaceutical Inc. (BioMarin) announced financial results for Q1 2014. The Company announced net product revenues of $149 million up 17.0% YoY. BioMarin narrowed down its non-GAAP net loss to $0.01 per diluted share for Q1 2014, compared to a non-GAAP net loss of $0.07 per diluted share in Q1 2013. Average analysts from Thomson Reuters expected the Company to report a loss of $0.46 per share for Q1 2014. According to BioMarin, the Company was able to curtail its losses in Q1 2014, due to strong revenue growth across the commercial product portfolio, partially off-set by increased selling, general and administrative expenses, including costs associated with VIMIZIM launch activities, as well as increased research and development expenses. The full analyst notes on BioMarin are available to download free of charge at:
http://www.analystsreview.com/2142-BMRN-07May2014.pdf
Vertex Pharmaceuticals Incorporated Analyst Notes
On May 1, 2014, Vertex Pharmaceuticals Incorporated (Vertex) reported consolidated financial results for Q1 2014 and provided key business updates. Vertex reported Q1 2014 GAAP revenues of $118.5 million as compared to $328.4 YoY. Total adjusted revenues excluding hepatitis C revenues and royalties, for the quarter were $108.2 million, of which KALYDECO contributed $99.5 million. Non-GAAP net loss was $151.4 million, or $0.65 per diluted share, compared to a non-GAAP net income of $5.7 million, or $0.03 per diluted share, during Q1 2013. Analysts polled by Thomson Reuters' expected the Company to report a loss of 68 cents a share on revenue of $134.36 million for Q1 2014. The full analyst notes on Vertex are available to download free of charge at:
http://www.analystsreview.com/2142-VRTX-07May2014.pdf
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