After-Hours Movers 8/27: (DEPO) (MCP) (PVH) Higher (more...)
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Depomed, Inc. (Nasdaq: DEPO) 6% HIGHER ; Janssen Pharmaceuticals, Inc., has licensed rights to Depomed's Acuform gastric retentive drug delivery technology. Under the terms of the agreement Janssen received a non-exclusive license and other rights to certain Acuform patents. In exchange, Depomed will receive an upfront payment of $10 million and will receive a low single digit royalty on net sales of NUCYNTA® ER (tapentadol extended-release tablets) in the U.S., Canada and Japan from and after July 2, 2012 through December 31, 2021.
Molycorp, Inc. (NYSE: MCP) 6% HIGHER ; today announced the start-up of its new Project Phoenix heavy rare earth concentrate facilities at Mountain Pass, California, which will produce heavy rare earth concentrate from freshly mined Mountain Pass ore that will then be processed into high-purity, custom-engineered heavy rare earth products in Molycorp's globally integrated production facilities.
PVH Corp. (NYSE: PVH) 5% HIGHER ; reported Q2 EPS of $1.25, $0.05 better than the analyst estimate of $1.20. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.34 billion. PVH Corp. sees Q3 2012 EPS of $2.20-2.25, versus the consensus of $2.21. PVH Corp. sees FY2012 EPS of $6.25-6.32, versus prior guidance of $6.15-6.25 and the consensus of $6.22.
Sally Beauty Holdings, Inc. (NYSE: SBH) 1% HIGHER ; today announced that its Board of Directors has approved a new stock repurchase program authorizing the Company to repurchase up to $300 million of its common stock over an 18-month period beginning October 1, 2012.
Gilead Sciences Inc. (NASDAQ: GILD) 1% HIGHER ; The U.S. Food and Drug Administration today approved Stribild (elvitegravir, cobicistat, emtricitabine, tenofovir disoproxil fumarate), a new once-a-day combination pill to treat HIV-1 infection in adults who have never been treated for HIV infection.
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Molycorp, Inc. (NYSE: MCP) 6% HIGHER ; today announced the start-up of its new Project Phoenix heavy rare earth concentrate facilities at Mountain Pass, California, which will produce heavy rare earth concentrate from freshly mined Mountain Pass ore that will then be processed into high-purity, custom-engineered heavy rare earth products in Molycorp's globally integrated production facilities.
PVH Corp. (NYSE: PVH) 5% HIGHER ; reported Q2 EPS of $1.25, $0.05 better than the analyst estimate of $1.20. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.34 billion. PVH Corp. sees Q3 2012 EPS of $2.20-2.25, versus the consensus of $2.21. PVH Corp. sees FY2012 EPS of $6.25-6.32, versus prior guidance of $6.15-6.25 and the consensus of $6.22.
Sally Beauty Holdings, Inc. (NYSE: SBH) 1% HIGHER ; today announced that its Board of Directors has approved a new stock repurchase program authorizing the Company to repurchase up to $300 million of its common stock over an 18-month period beginning October 1, 2012.
Gilead Sciences Inc. (NASDAQ: GILD) 1% HIGHER ; The U.S. Food and Drug Administration today approved Stribild (elvitegravir, cobicistat, emtricitabine, tenofovir disoproxil fumarate), a new once-a-day combination pill to treat HIV-1 infection in adults who have never been treated for HIV infection.
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