Molina Healthcare EPS beats by $0.07, misses on revenue

Molina Healthcare (NYSE:MOH): Q4 Non-GAAP EPS of $2.72 beats by $0.07; GAAP EPS of $2.67 beats by $0.10.

Revenue of $4.27B (-8.4% Y/Y) misses by $10M.

Shares -4.91%.

Press Release

https://seekingalpha.com/news/3540242-molina-healthcare-eps-beats-0_07-misses-on-revenue

Steris EPS beats by $0.03, beats on revenue

Steris (NYSE:STE): Q3 Non-GAAP EPS of $1.45 beats by $0.03; GAAP EPS of $1.23 beats by $0.03.

Revenue of $774.3M (+11.2% Y/Y) beats by $25.85M.

Press Release

https://seekingalpha.com/news/3540265-steris-eps-beats-0_03-beats-on-revenue

Bayer seeks reversal of $86M Roundup cancer verdict

Bayer (OTCPK:BAYRY -0.9%) is asking a California appeals court to overturn an $86M verdict that found it was responsible for a couple’s cancer caused by its Roundup weedkiller.

The May verdict by a California jury awarded more than $2B to the couple who claimed they sprayed Roundup on their property for more than three decades; the trial judge later lowered the damages to $86M.

The company says decades of studies have shown Roundup and glyphosate are safe for human use and that the lawyer repeatedly violated court orders during the trial in an attempt to inflame jurors.

Bayer, which acquired Roundup via its 2018 deal for Monsanto, so far has lost all three jury trials over claims that Roundup causes cancer.

https://seekingalpha.com/news/3540181-bayer-seeks-reversal-of-86m-roundup-cancer-verdict

Co-Diagnostics up 36% on coronavirus test sales

Co-Diagnostics (CODX +35.7%) jumps on more than a 7x surge in volume in response to its announcement of sales of its newly developed test for 2019-nCoV, the coronavirus causing the current outbreak, still largely confined to China. It says the order calls for the delivery of tests for various international markets and, most importantly, included payment for the initial shipment of product.
https://seekingalpha.com/news/3540187-co-diagnostics-up-36-on-coronavirus-test-sales

DaVita HealthCare Partners EPS beats by $0.26, misses on revenue

DaVita HealthCare Partners (NYSE:DVA): Q4 GAAP EPS of $1.86 beats by $0.26.

Revenue of $2.9B (+2.8% Y/Y) misses by $20M.

Shares +2.72%.

Press Release

https://seekingalpha.com/news/3540200-davita-healthcare-partners-eps-beats-0_26-misses-on-revenue

Coronavirus continues to spread, still largely restricted to Hubei province

The latest figures for the coronavirus outbreak are 40,171 reported infections with 908 deaths, almost all still confined to Wuhan and the surrounding Hubei province in China.

There have been two fatalities outside of China, one in Hong Kong and one in the Philippines.

To keep the breakout in perspective, the population of Wuhan is 11M and the population of Hubei province is 59M.

Selected tickers: THW, BME, GRX, IXJ KMED, CODX, NNVC, REGN, GILD, JNJ, NVAX, AHPI, LAKE, APT

https://seekingalpha.com/news/3540190-coronavirus-outbreak-continues-to-spread-still-largely-restricted-to-hubei-province

WeWork temporarily closes 100 buildings in China over coronavirus

Office sharing startup WeWork has temporarily closed 100 buildings in China due to the coronavirus outbreak, Chairman Marcelo Claure said in a CNBC interview on Monday.
Claure said no members and employees have been infected in the recent outbreak.
The death toll from the epidemic rose to 908, all but two in mainland China, on Sunday, with total infections at 40,171.

Claure also disputed reports that WeWork founder Adam Neumann walked away with a $1.7-billion payout to relinquish control of the company he founded in 2010.
“There’s a tender going on right now in which Adam will have the right to participate with shareholders,” Claure, a top SoftBank executive, said.
SoftBank Group Corp said in October it would launch a $9.5-billion bailout of WeWork following the cancellation of the startup’s initial public offering due to investor concerns over its corporate governance.

The bailout included a $3-billion tender offer of WeWork shares, including up to $970 million owned by Neumann. The tender offer is expected to be completed soon.
“He’s (Neumann) a large shareholder of the company, he was a founder, and as we do a tender to buy shares from other shareholders, he’s going to have the same opportunity as any other shareholder,” said Claure.
He reiterated that WeWork aims to be profitable in 2021.
https://www.reuters.com/article/us-china-health-wework/wework-temporarily-closes-100-buildings-in-china-over-coronavirus-cnbc-idUSKBN2041ME