Shares of pharma firm Gilead Sciences, Inc.(NASDAQ:GILD) Inc
also rose 7.410% after it reported results, beating analyst expectations though
second-quarter earnings slid 4.6 percent due to a spike in costs that offset
revenue growth.
Shares were at $54.10 in after-hours trading on Thursday as
results, taking its total gains this year to 26 percent.
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Net income fell 4 percent to $711.6 million or 91 cents a
share due to costs associated with the $11.1 billion acquisition of hepatitis C
drug developer Pharmasset Inc. and interest expenses while revenue rose 12.5
percent to $2.41 billion, led by sales of antiviral drugs like Atripla, Truvada
and Viread.
Human Genome Sciences (NASDAQ:HGSI) went up 0.11% to $14.24
on a traded volume of 484k shares. The shareholders of Human Genome Sciences
are not entitled to more time to consider the offer, as told by U.S. District
Judge Sue L. Robinson. Human Genome Sciences Inc investors lost a bid to extend
GlaxoSmithKline Plc deadline of tomorrow to decide whether to tender their
shares for a $3 billion buyout.
KLA-Tencor Corporation (NASDAQ:KLAC) soared 1.89% to $50.60.
The Company reported first quarter EPS of $1.49, beating the analyst estimate
of $1.31. Revenue for the quarter was $892.5 million versus the consensus
estimate of $873.16 million.
McKesson Corporation (NYSE:MCK) went up 0.76% to $92.97
after the company released first quarter results. Adjusted income was $372
million or $1.55 per share compared to $323 million or $1.27 per share in the
prior year quarter. However, analysts expected the company to earn $1.48 per
share for the quarter. Total revenues
for the quarter rose 3% to $30.80 billion.
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