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Actavis revenue rises 60% to beat estimates
2015-05-11 14:21:50| Biotech - Topix.net
Actavis PLC said Monday that its revenue rose a better-than-expected 60% in the first quarter that included the acquisition of Botox maker Allergan Inc. Dublin-based Actavis completed its acquisition of Allergan in March, closing the biggest deal from 2014 and ending one of the year's more dramatic takeover battles. The deal made Actavis one of the world's largest drug makers by sales, offering a range of eye, skin and stomach drugs.
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Heinz reports lower revenue, higher net income
2015-05-11 01:52:29| Food - Topix.net
Packaged foods giant H.J. Heinz Co., which is merging with Kraft Foods Group Inc., reported a 12% drop in revenue in the first quarter hurt by foreign currency exchange rates and inventory buildup in the year-ago period. Heinz, owned by Brazilian private-equity firm 3G Capital Partners LP's, shipped safety stock to retailers ahead of the launch of its data-analytic push in North America in the second quarter of 2014.
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SandRidge Energy (SD) Stock Falls on Revenue Miss
2015-05-08 17:54:42| Energy - Topix.net
SandRidge Energy reported revenue of $215.3 million for the first quarter, down 51.4% from the year-ago quarter, and below analysts' estimates of $328.57 million for the quarter. The company reported break-even earnings for the first quarter, above analysts' estimates of a loss of 1 cent a share.
SMIC Mum on 28nm Revenue Prospect in 2015
2015-05-08 15:58:38| Semiconductors - Topix.net
Semiconductor Manufacturing International Corp. , China's largest foundry, declined to say whether it will make money from 28nm products this year as the company ramps up its most advanced process technology. "It's a bit too early to say in terms of revenue contribution about 28nm by the end of the year," said SMIC executive vice president Gareth Kung Friday on a conference call to announce the company's first-quarter 2015 financial results.
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SMIC Mum on 28nm Revenue Prospect in 2015
2015-05-08 15:28:02| Electronics - Topix.net
Semiconductor Manufacturing International Corp. , China's largest foundry, declined to say whether it will make money from 28nm products this year as the company ramps up its most advanced process technology. "It's a bit too early to say in terms of revenue contribution about 28nm by the end of the year," said SMIC executive vice president Gareth Kung Friday on a conference call to announce the company's first-quarter 2015 financial results.
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