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Table: EPS watch
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Monday, May 5, 2014
At least 25 companies reported earnings last week. Shire
plc (LSE:SHP; NASDAQ:SHPG) was up 7% last week, tacking on $2.3 billion in
market cap. The biopharma reported earnings per ADS that beat the Street's
estimate, thanks in part to a decline in non-GAAP R&D, and raised its 2014
earnings guidance. Also last week, Shire said it will acquire fibrosis play Fibrotech
Therapeutics Pty. Ltd. for $75 million up front (see B5).
Vertex Pharmaceuticals Inc. (NASDAQ:VRTX)
gained 3% last week, adding $508 million in market value. The biotech beat the
Street's non-GAAP EPS estimate on lower-than-expected R&D and SG&A
expenses and also reported Phase II data showing that once-daily VX-661 added
to stable Kalydeco ivacaftor reduced sweat chloride and improved lung function
in cystic fibrosis (CF) patients with both the delta F508 CF transmembrane
conductance regulator (CFTR) mutation and G551D CFTR mutation (see B25).
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