Abbott Laboratories Receives FDA Approval For HeartMate 3 LVAD System

Abbott Laboratories Receives FDA Approval For HeartMate 3 LVAD System

Abbott Laboratories received U.S. Food and Drug Administration approval for its full MagLev HeartMate 3 Left Ventricular Assist System (LVAD). The HeartMate 3 system provides advanced heart failure patients in need of short-term hemodynamic support and improved blood flow in a pump that uses full magnetic levitation to reduce trauma to blood passing through the LVAD system. The decision by the FDA was supported by the Momentum 3 clinical study […]

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Manulife Financial To Redeem Medium Term Notes

Manulife Financial To Redeem Medium Term Notes

Manulife Financial Corp said Tuesday it intends to redeem all of its outstanding $600 million principal amount of 7.768% medium term notes that are due April 8, 2019. The redemption price for the notes will be determined in accordance with the provisions of the company’s trust indenture and the fourth supplemental indenture dated April 8, 2009. The price will be equal to the greater of a price based on the […]

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Horizon Pharma Reports Q2 EPS and Revenue Beat

Horizon Pharma Reports Q2 EPS and Revenue Beat

Horizon Pharma rose 21.9% in Monday’s pre-market trading after the company reported financial results for Q2, with better-than-expected earnings and revenue and increased its full-year 2017 revenue guidance above forecasts. The biopharmaceutical company posted non-GAAP earnings of $0.41 per share, compared with the prior-year period’s $0.56 per share. Analysts polled by Capital IQ were expecting EPS of $0.10. Revenue was $289.5 million, up 12% from $257.4 million in the same […]

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Del Taco Shares Higher

Del Taco Shares Higher

Del Taco Restaurants posted late Thursday Q2 EPS of $0.13, even with last year and in line with Capital IQ estimates. Revenue for the quarter came in at $108.6 million, versus $100.0 million last year. This beat the $107.1 million Capital IQ view. The company also reported system-wide comparable restaurant sales growth of 7.1% and company-operated comparable restaurant sales growth of 6.9%. The company reaffirmed its full-year EPS guidance of […]

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JinkoSolar Secures Supply Deal

JinkoSolar Secures Supply Deal

JinkoSolar Holding Company, a provider of solar power products, said Monday that it has supplied 30 megawatts-alternating current of photovoltaic modules for two solar projects in Virginia of Hecate Energy. The projects include the 10-megawatt Clarke County project in Double Tollgate which came online in June, and the 20-megawatt Cherrydale project in Northampton County currently under construction.

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