Beacon Equity Research announces the release of Trade Alerts covering Market Movers: Laboratory Corp. of America Holdings (NYSE: LH), Alexion Pharmaceuticals Inc. (Nasdaq: ALXN), BorgWarner Inc. (NYSE: BWA), Aetna Inc. (NYSE: AET), Netflix Inc. (Nasdaq: NFLX) and Gildan Activewear Inc. (NYSE: GIL).
In the Trade Alert, the author highlights LabCorp’s posting higher profit in the fourth quarter on strong revenue and volume growth:
“Laboratory Corp. of America Holdings (LH) shares rose 4.22% to $62.27 Thursday. LabCorp, together with its subsidiaries, operates as an independent clinical laboratory company in the United States. … For the fourth quarter, LabCorp. reported that its net income grew to $118.1 million, or $1.08 per share from $114.4 million or 98 cents per share in the year-ago quarter. … According to the recent report, quarterly revenues advanced 11.3% to $1.12 billion from $1.01 billion last year. Compared to the fourth quarter of 2007, testing volume, measured by accessions, increased 10.9%, and revenue per accession increased 0.4%. Excluding the consolidation of the company's Ontario, Canada joint venture and a special charge, revenue rose 6.2% with volume increasing 3.0% and revenue per accession increasing 3.2%.”
The Trade Alert author also featured Alexion’s posting better-than-expected earnings from sales of its drug Soliris:
“Alexion Pharmaceuticals Inc. (ALXN) shares surged 8.68% to $40.06 Thursday. Alexion Pharmaceuticals, a biotechnology company, develops and delivers life-changing drug therapies for patients with serious and life-threatening medical conditions. … The company recently posted better-than-expected quarterly earnings as sales for its drug Soliris more than doubled year-on-year, reflecting strong addition of new patients. … Alexion Pharmaceuticals derives all of its revenue from Soliris, which treats paroxysmal nocturnal hemoglobinuria (PNH). The rare genetic disorder can lead to anemia, fatigue, pain and difficulty in breathing. The drug was approved by the U.S. Food and Drug Administration (FDA) in March 2007, and the European Commission in June 2007.”
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