Upcoming Results and Conference Call Schedules, New Office Facility, and Stock Price Movements-Analyst Notes on Biogen, Actavis, Bristol-Myers, AbbVie, and Baxter
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NEW YORK, April 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Biogen Idec Inc. (NASDAQ: BIIB), Actavis Plc (NYSE: ACT), Bristol-Myers Squibb Co. (NYSE: BMY), AbbVie Inc. (NYSE: ABBV), and Baxter International Inc. (NYSE: BAX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Biogen Idec Inc. Analyst Notes
On March 31, 2014, Biogen Idec Inc. (Biogen) announced that the Company plans to release its Q1 2014 results on April 23, 2014, before the opening of the financial markets. Following the earnings release, the Company will host a live webcast at 8:00 a.m. ET to discuss the results. According to Zacks Investment research data, the consensus EPS forecast for Q1 2014 is $2.56.For Q4 2013, the Company reported total revenues of $2.0 billion, up 38.6% YoY, while the net income came in at $457.3 million, up 56.5% YoY. The full analyst notes on Biogen Idec Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04092014/BIIB/report.pdf
Actavis Plc Analyst Notes
On April 2, 2014, Actavis Plc (Actavis) announced the opening of its new regional office in Singapore that will serve as the Company's headquarters for the Asia Pacific and Africa (APACA) region. In addition, the Company informed that its operating subsidiary Drug Houses of Australia Pte Ltd (DHA) in Singapore will be merged into the Actavis Brand. Paul Bisaro, Chairman and CEO of Actavis, commented, "The opening of our new regional headquarters in Singapore is an important step in Actavis' global expansion and further evidence of our commitment to being a leading provider of a full range of pharmaceutical products in the region." The full analyst notes on Actavis Plc are available to download free of charge at:
http://www.AnalystsReview.com/04092014/ACT/report.pdf
Bristol-MyersSquibb Co. Analyst Notes
On April 1, 2014, bio pharmaceuticals firm - Bristol-Myers Squibb Co. (Bristol-Myers) announced that it plans to release its Q1 2014 results on April 29, 2014. The earnings release will be followed by a conference call at 9:00 a.m. EDT in which the Company's executives will review the results and answer analysts and investors' queries. According to Zacks Investment research data, the consensus EPS forecast for Q1 2014 is $0.46.For Q4 2013, the Company reported net earnings of $842 million, or $0.51 per share on a non-GAAP basis, beating analysts'estimates $0.43 polled by Thomson Reuters.
The Company had predicted 2014 GAAP EPS in the range of $1.75 - $1.90 and non-GAAP EPS between$1.65 - $1.80. The full analyst notes on Bristol-Myers Squibb Co. are available to download free of charge at:
http://www.AnalystsReview.com/04092014/BMY/report.pdf
AbbVie Inc. Analyst Notes
On April 4, 2014, AbbVie Inc.'s (AbbVie) stock declined 2.43% to end the trading session at $52.20, following the S&P 500 which lost 1.25% over the same day. AbbVie's stock opened the session at $53.78 and oscillated in the range of $52.05 - $54.44. A total of 7.01 million shares were traded, which was above its 30-day average volume of 5.84 million. Over the past twelve months, the stock has returned 26.36% outperforming the S&P 500 which returned 20.07% over the same period. The full analyst notes on AbbVie Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04092014/ABBV/report.pdf
Baxter International Inc. Analyst Notes
On April 3, 2014, Baxter International Inc. (Baxter) announced that the Company plans to hold its quarterly conference call to discuss its Q1 2014 results on April 17, 2014 at 7:30 a.m. CT. According to Zacks Investment research data, the consensus EPS forecast for Q1 2014 is $1.11.The Company in its Q4 2013 and full year 2013 earnings release had predicted a sales growth of nearly 13 to 14%, excluding the impact of foreign currency for Q1 2014.In addition, the Company said that it is hopeful of achieving earnings, before special items, of $1.06 to $1.09 per diluted share (or GAAP earnings of $1.00 to $1.03 per diluted share including approximately $0.06 per diluted share of intangible asset amortization expense) for Q1 2014. The full analyst notes on Baxter International Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04092014/BAX/report.pdf
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