Shire gains as 2Q12 results beat Street estimates

Shares of Shire plc (LSE:SHP; NASDAQ:SHPG) gained on Wednesday after the company reported 2Q12 financial results that beat the Street's estimates and forecasted full-year double-digit earnings growth. Non-GAAP diluted earnings per ADS for the quarter were $1.68, beating the Street's estimate of $1.50 and up 26% from $1.33 in 2Q11. Revenues grew 14% to $1.21 billion, above the Street's estimate of $1.19 billion. The Street was expecting 2012 non-GAAP earnings per ADS of $5.97, which represents a 12% increase over the 2011 figure of $5.34. ...