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Stock Market & Financial Investment News

News Breaks
April 14, 2014
13:25 EDTJNJEarnings Preview: J&J looking for another strong performance in pharmaceuticals
Johnson & Johnson (JNJ) is scheduled to report first quarter earnings before the market open on Tuesday, April 15, with a conference call scheduled for 8:30 am ET. Johnson & Johnson, together with its subsidiaries, is engaged in the research and development, manufacture, and sale of various products in the health care field worldwide. EXPECTATIONS: Analysts are looking for earnings per share of $1.48 on revenue of $18.0B, according to First Call. The consensus range for EPS is $1.41-$1.55 on revenue of $17.83B-$18.32B. LAST QUARTER: Johnson & Johnson reported fourth quarter EPS of $1.24 against estimates of $1.20 on revenue of $18.4B against estimates of $17.95B. The company gave a fiscal year EPS view of $5.75-$5.85 against a consensus estimate of $5.85. The company noted that the primary contributors to operational sales growth in 2013 include Remicade, Simponi, Stelera, Zytiga, and Prezista. Sales results for the year were negatively impacted by loss of exclusivity for AcipHex/Pariet, a proton pump inhibitor for gastrointestinal disorders and Concerta for the treatment of attention deficit hyperactivity disorder. STREET RESEARCH: On April 14, Jefferies downgraded its rating on Johnson & Johnson to Hold from Buy citing the recent outperformance of shares. The firm kept a $105 price target for the stock. PRICE ACTION: Shares of Johnson & Johnson are up approximately 2% since its last earnings report, and are trading hear flat in afternoon trading.
News For JNJ From The Last 14 Days
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July 31, 2014
16:17 EDTJNJPharmacyclics says $60M Janssen milestone payment to be recognized in Q3
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10:35 EDTJNJJohnson & Johnson should get new Zytiga patent shortly, says Wells Fargo
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07:23 EDTJNJJ&J withdrawing laparoscopic power morcellators from market, AP says
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July 30, 2014
07:50 EDTJNJSenate Judiciary Committee to hold a hearing
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July 29, 2014
08:50 EDTJNJHarris & Harris invests in Accelerator Corporation
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July 28, 2014
13:20 EDTJNJPharmacyclics granted regular approval for Imbruvica
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12:26 EDTJNJPharmacyclics off lows, turns positive after FDA expands Imbruvica indication
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12:24 EDTJNJFDA expands approved use of Imbruvica for chronic lymphocytic leukemia
The U.S. Food and Drug Administration today expanded the approved use of Imbruvica to treat patients with chronic lymphocytic leukemia who carry a deletion in chromosome 17, which is associated with poor responses to standard treatment for CLL. Imbruvica received a breakthrough therapy designation for this use. The FDA is also approving new labeling to reflect that Imbruvica’s clinical benefit in treating CLL has been verified. Imbruvica’s new use is being approved more than two months ahead of the product’s prescription drug user fee goal date of Oct. 7, the date the FDA was scheduled to complete review of the drug application. Imbruvica also received accelerated approval in November 2013 for the treatment of patients with mantle cell lymphoma who have received at least one prior therapy. Clinical studies to verify and describe Imbruvica’s clinical benefit in mantle cell lymphoma are ongoing. Imbruvica is being jointly developed and commercialized in the United States by Pharmacyclics (PCYC) and Janssen Biotech (JNJ).
06:32 EDTJNJJ&J dispute with Boston Scientific looks set to go to trial, NY Times says
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July 25, 2014
08:54 EDTJNJEMA issues positive opinion, recommends approval of Imbruvica
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07:17 EDTJNJEMA recommends approval for Gilead, Janssen blood cancer drugs
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July 24, 2014
09:16 EDTJNJOn The Fly: Pre-market Movers
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08:39 EDTJNJOrganovo enters 3D bio-printed tissue agreement with J&J unit
Organovo (ONVO) announced that it has entered into an agreement with Janssen Research and Development, a pharmaceutical company of Johnson & Johnson (JNJ), to evaluate the use of 3D bio-printed tissue in a drug discovery setting, outside of the company’s work in 3D liver tissue for toxicity testing. Terms were not disclosed.
08:19 EDTJNJLeerink medical devices analyst holds an analyst/industry conference call
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July 21, 2014
18:40 EDTJNJOn The Fly: After Hours Movers
UP AFTER EARNINGS: Netflix (NFLX), up marginally after reporting Q2 results... Sanmina (SANM), up 13.2% after reporting third quarter results and fourth quarter guidance above analyst estimates... Chipotle (CMG), up 10.1%... Helix (HLX), up 5.2%... Canadian National (CNI), up 1.13%... CYS Investments (CYS), up 1.7%. ALSO HIGHER: Apache (APA), up 5% after Bloomberg says JANA discloses $1B position... Johnson & Johnson (JNJ), up 1% after announcing a $5B share repurchase program... TG Therapeutics (TGTX), up 4.3% after reporting second quarter results and preliminary clinical results from TG-1101 Phase I study... DOWN AFTER EARNINGS: Rambus (RMBS), down 3.6% after reporting second quarter results... Ultra Clean (UCTT), down 4% after reporting quarterly results. ALSO LOWER: Tallgrass Energy (TEP), down 5% after filing to sell 7M common units representing limited partners.
17:03 EDTJNJJohnson & Johnson announces $5B share repurchase program
Johnson & Johnson announced that its board has approved the repurchase of up to $5B of the company's common stock. The company had approximately 2.82B shares of common stock outstanding as of June 29.
17:01 EDTJNJJohnson & Johnson announces $5B share repurchase program

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