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Tuesday, November 6, 2018

CVS Up Over 4%, on Pace for Best Year Since 2014


CVS Health Corp. (CVS) is currently at $77.04, up $3.35 or 4.54%
— Would be highest close since Oct. 10, 2018, when it closed at $78.92
— On pace for largest percent increase since Aug. 2, 2016, when it rose 4.89%
— Earlier Tuesday, CVS reported third-quarter revenue rose 2.4% to $47.3 billion, beating the $47.2 billion analysts polled by Refinitiv were expecting. The company posted a profit of $1.39 billion, or $1.36 a share, up from $1.29 billion, or $1.26 a share, a year earlier. Excluding one-time items, adjusted earnings were $1.73 a share, ahead of the consensus forecast of $1.71 a share. For 2018, CVS reaffirmed its guidance for adjusted earnings per share of $6.98 to $7.08
— Up 6.26% year-to-date; on pace for best year since 2014 when it rose 34.57%
— Down 32.1% from its all-time closing high of $113.45 on July 29, 2015
— Up 11.73% from 52 weeks ago (Nov. 7, 2017), when it closed at $68.95
— Down 7.89% from its 52-week closing high of $83.63 on Jan. 29, 2018
— Up 27.12% from its 52-week closing low of $60.60 on March 27, 2018
— Traded as high as $77.05; highest intraday level since Oct. 11, 2018, when it hit $77.07
— Up 4.56% at today’s intraday high; largest intraday percent increase since Aug. 8, 2018, when it rose as much as 6.02%
— Eighth best performer in the S&P 500 today

Medtronic: New data reinforce IN.PACT Admiral as ‘durable, frontline option’


Medtronic said data presented in two late-breaking clinical trial presentations at the Vascular Interventional Advances 2018 conference reinforce the durability, safety, and effectiveness of the IN.PACT Admiral drug-coated balloon in patients with peripheral artery disease in the superficial femoral and popliteal arteries. “Since the entrance of DCBs into the market several years ago, we have seen a shift towards the use of this technology as a frontline therapy to treat patients with PAD. This is especially true of IN.PACT Admiral DCB, which has consistently proven to be one of the safest, most effective, and durable therapies in treating patients across the spectrum of femoral-popliteal disease. We are proud to have become the first company to share five-year data on a commercially-available DCB and the first to present outcomes from the largest pooled analysis in the peripheral space to-date. We believe this new evidence will give physicians the confidence that IN.PACT Admiral DCB is the preferred first line therapy for patients who suffer with femoral-popliteal disease,” said Mark Pacyna, vice president and general manager of the Peripheral business in the Medtronic Cardiac & Vascular Group. ”
https://thefly.com/landingPageNews.php?id=2818623

Mylan upgraded to Outperform from Market Perform at Wells Fargo


https://thefly.com/landingPageNews.php?id=2818631

AAC Holdings down 33% after Q3 miss and softer guidance


Thinly traded nano cap AAC Holdings (AAC -33.3%) slumps on a 5x surge in volume on the heels of its Q3 report that fell shy of consensus. Highlights:
Revenues were $77.5M (-3.6%), negatively impacted by a $6M reduction due to a change in accounting estimate that took effect on July 1.
Net loss was ($11.5M) (-999%); loss/share was ($0.47) (-999%).
Non-GAAP EBITDA: $10.7M (-28.2%).
2018 guidance: Revenues: $315M – 320M from $325M – 340M; non-GAAP EBITDA: $47M – 50M from $68M – 72M; non-GAAP loss/share: ($0.15 – 0.10) from non-GAAP EPS of $0.75 – 0.80.

Nektar to hold a conference call


Dr. Harriet Kluger of Yale Cancer Center and Dr. Diab of Anderson Cancer Center discuss their presentation at the 2018 Society for Immunotherapy of Cancer (SITC) Annual Meeting on a conference call to be held on November 10 at 9 am
Webcast:  https://edge.media-server.com/m6/p/mjtntqda
https://thefly.com/landingPageNews.php?id=2818569

Invacare Corporation 2018 Q3 – Results – Earnings Call Slides


Q3: 10-25-18 Earnings Summary
The following slide deck was published by Invacare Corporation in conjunction with their 2018 Q3 earnings call.

CytomX Therapeutics to hold analyst/investor event/conference call


Analyst and Investor Event for management to review the clinical data presented at The Society for Immunotherapy of Cancer (SITC) Annual Meeting will be held on November 10 at 12:30 pm.
Webcast: https://edge.media-server.com/m6/p/ztb8rwcr
https://thefly.com/landingPageNews.php?id=2818583