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NEW YORK, July 29, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting WellPoint Inc. (NYSE: WLP), Thermo Fisher Scientific, Inc. (NYSE: TMO), Varian Medical Systems Inc. (NYSE: VAR), Medicines Co. (NASDAQ: MDCO), and Forest Laboratories Inc. (NYSE: FRX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
WellPoint Inc. Research Report
On July 24, 2013, WellPoint Inc. (WellPoint) announced its Q2 2013 financial results with net income of $800.1 million or $2.64 per share, compared with $643.6 million or $1.94 per share in Q2 2012. Adjusted net income was $2.60 per share, reflecting a 27.5% YoY increase. "We are pleased with our second quarter results and encouraged by the positive momentum we have across the organization. Our Commercial businesses continue to perform well and we have achieved improvements in our Medicaid operations, largely reflecting benefits from the Amerigroup transaction," said Joseph Swedish, Chief Executive Officer. "Looking ahead, we continue to actively prepare for the coming marketplace changes, and believe we are well-positioned for the significant growth opportunities on the horizon. We're also seeing improving trends in the Local Group and National Account ASO markets, and expect membership growth from those areas next year." The Company now anticipates full-year 2013 net income to be at least $8.00 per share, on both a GAAP and Adjusted basis. The Full Research Report on WellPoint 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/64cd_WLP]
Thermo Fisher Scientific, Inc. Research Report
On July 24, 2013, Thermo Fisher Scientific Inc. (Thermo Fisher) announced its Q2 FY 2013 financial results (period ended June 29, 2013), posting revenue growth of 4.2% YoY to $3.2 billion. Adjusted EPS grew 8.2% YoY to $1.32. The Company's operating margin expanded 30 basis points to 19.3%. Marc N. Casper, President and Chief Executive Officer of Thermo Fisher said, "It was a stand-out quarter for innovation. We unveiled three new-generation Thermo Scientific platforms to provide a broad set of customers with exceptional levels of performance, speed and ease of use. We also continued to strengthen our R&D capabilities in Asia-Pacific by establishing our new China Innovation Center in Shanghai - another example of our focus on innovating to meet our customers' needs." Thermo Fisher updated its full-year FY 2013 revenue guidance in the range of $12.8 billion to $13 billion. The Full Research Report on Thermo Fisher Scientific, 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/45ed_TMO]
Varian Medical Systems Inc. Research Report
On July 24, 2013, Varian Medical Systems (Varian) announced its Q3 FY 2013 financial results (period ended June 28, 2013) posting net earnings of $1.03 per diluted share, a 7.3% YoY growth. Revenues totaled $726.2 million for the quarter, up 3% YoY. "Varian's net earnings rose versus the year-ago quarter in line with expectations while revenues rose somewhat less than expected due primarily to a significant currency headwind with the Yen as well as inventory adjustments among major X-ray tube customers in Japan," said Dow R. Wilson, Varian Medical Systems' CEO. The Company anticipates a 5% YoY growth on Company revenues for full-year FY 2013, with net earnings per diluted share in the range of $4.00 to $4.04. The Full Research Report on Varian Medical Systems 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/bd48_VAR]
Medicines Co. Research Report
On July 24, 2013, The Medicines Company announced its Q2 2013 financial results with net revenue growth of 27.3% YoY to $172.8 million. Net income attributable to the Company totaled $18.1 million or $0.30 per share compared with net income of $13.8 million or $0.25 per share in Q2 2012. Adjusted net income increased 62.2% YoY to $29.2 million or $0.50 per share. Glenn Sblendorio, President and CFO of The Medicines Company, stated, "Our first half 2013 revenues show a continued diversification of growth sources, as our hospital portfolio and global geographies expand. Additionally, our near term anticipated growth drivers advanced significantly in the second quarter, as we reported positive Phase 3 results of the oritavancin Phase 3 SOLO II trial, filed for US approval for cangrelor, and completed clinical work toward filings for IONSYS." The Full Research Report on Medicines Co. - 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/5a84_MDCO]
Forest Laboratories Inc. Research Report
On July 23, 2013, Forest Laboratories Inc. (Forest Laboratories) announced its Q1 FY 2014 financial results posting diluted EPS of $0.09 compared to $0.21 in Q1 FY 2013. According to the Company, non-GAAP EPS excluding acquisition related amortization and specified items remained flat YoY at $0.28 in Q1 FY 2014. The Company's net sales increased 6.0% YoY to $796.9 million driven by the Company's next generation products. Howard Solomon, Chairman and CEO of Forest Laboratories, said, "We are very pleased with the financial results for the quarter and particularly with the significant percentage increases in the sales of almost all of our new products and with the initial response to Linzess and Tudorza which were both launched this past December. Collectively, our next generation products had sales of $294.1 million in the quarter, representing 47.8% growth in comparison to the comparable prior year quarter." The Full Research Report on Forest Laboratories 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/ea24_FRX]
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