Cowen Remains Positive as Pfizer (PFE) Reports a 3Q Beat and raise

Pre-Open Stock Movers 10/27: (TRIV) (UQM) (BABA) Higher; (RRTS) (RCII) (MRVL) Lower (more...)

October 27, 2015 9:31 AM EDT

TriVascular Technologies, Inc. (Nasdaq: TRIV) 50.8% HIGHER; Endologix (NASDAQ: ELGX) and TriVascular Technologies, Inc. (Nasdaq: TRIV) announced today that they have entered into a definitive merger agreement under which Endologix and TriVascular will combine in a stock and cash transaction. The transaction is valued at $9.10 per TriVascular share, or a total of approximately $211 million, based on Endologix's closing stock price of $13.81 per share on October 23, 2015.

Roadrunner Transportation (NYSE:... More

Top U.S. drugmakers ride new products to strong results

October 27, 2015 6:53 AM EDT

(In Oct 27 story, paragraph 9 corrects number of Ibrance patients to 15,000 from 50,000)

By Bill Berkrot and Ransdell Pierson

NEW YORK (Reuters) - Growing sales of expensive new cancer drugs and other newer medicines propelled top U.S. drugmakers Pfizer Inc (NYSE: PFE), Merck & Co (NYSE: MRK) and Bristol-Myers Squibb Co (NYSE: BMY) to stronger-than-expected third-quarter profits.

The results, announced on Tuesday, demonstrate that the "patent cliff" that had been hurting earnings as huge-selling drugs like Pfizer's Lipitor and Bristol's Plavix went generic is now... More

Pfizer (PFE) Tops Q3 EPS by 9c

October 27, 2015 6:46 AM EDT

Pfizer (NYSE: PFE) reported Q3 EPS of $0.60, $0.09 better than the analyst estimate of $0.51. Revenue for the quarter came in at $12.1 billion versus the consensus estimate of $11.56 billion.

EXECUTIVE COMMENTARY

Ian Read, Chairman and Chief Executive Officer, stated, Our business continues to demonstrate strength across key product lines and geographies which has resulted in another quarter of strong financial performance. We have been intently focused on seeking to generate a greater portion of our earnings from increased revenues and I see our product portfolio, product pipeline and recent business development activity as... More

Trading Radar for 10/26: Apple (AAPL), Twitter (TWTR), Alibaba (BABA), Comcast (CMCSA), Pfizer (PFE) Report

October 26, 2015 2:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees (1.3%)

9:00am EDT

Case-Shiller 20-City Index - Street sees 5.0%

Earnings:

AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.08
AK Steel (NYSE: AKS) - consensus loss $0.23
AVX Corp. (NYSE: AVX) - consensus EPS $0.20
Active Power (Nasdaq: ACPW) - consensus loss $0.02... More