Dallas 1/7/2012 4:41:04 AM
News / Stocks

Jazz Pharmaceuticals Shares Soar after Company Provides Financial Outlook for 2012 (JAZZ)

Shares of Jazz Pharmaceuticals Inc. (NASDAQ: JAZZ) are seeing a huge rally in trading today after the Palo Alto, California-based company provided financial outlook for 2012 reflecting the planned business combination with Azur Pharma Public Limited Company. The company expects total revenue for 2012 to come in between $465 million and $490 million.

Jazz Pharmaceuticals shares rose to an intra-day high of $46.65 in trading today. At last check, the stock was up more than 9% on above average volume. The rally has pushed Jazz Pharmaceuticals shares above their 50-day and 200-day moving averages.

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