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Table: Earnings on deck
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Monday, May 5, 2014
At least 19 biotechs and pharmas are slated to report
earnings this week. Pfizer Inc. (NYSE:PFE), which starts off the week,
will be closely watched for details on its pursuit to acquire fellow big pharma
AstraZeneca plc (LSE:AZN; NYSE:AZN). Last week, AZ rejected a sweetened
offer by Pfizer (see "Pulling Off the AZ Gambit," A12). Pfizer
is expected to report quarterly EPS growth of 8% despite an 11% decline in
revenues to $12.1 billion.
Ligand Pharmaceuticals Inc. (NASDAQ:LGND) and Salix
Pharmaceuticals Inc. (NASDAQ:SLXP) are both anticipated to announce an
increase in quarterly EPS of more than 40%. Ligand, which receives royalties
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