company is $0.71 - $2.42. The shares of the company
have plunged over 54% in the last one year. The company is a biopharmaceutical
company that discovers and develops treatments for patients suffering from pain
and immuno-inflammatory diseases.
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Herbalife Ltd. (NYSE:HLF) shares climbed 6.98% to
$55.30 after the company posted second quarter profit of $133.4 million, or
$1.10 a share, up from $111.2 million, or $0.88 a share, a year earlier. Sales
jumped 17% to $1.03 billion. The company had projected earnings in between
$0.91 to $0.95 a share, on sales growth of 9.5% to 11.5%.
Looking forward, the company expects current quarter
earnings in the range of $0.97 a share to $1.01 a share on sales growth of 10%
to 12%. Analysts had recently predicted earnings of $0.99 a share on revenue
growth of roughly 10%.
Valero Energy Corporation (NYSE:VLO) shares climbed
7.29% to $27.98 after the company disclosed its plan to potentially cut off its
retail business from the rest of the company. The company recently expanded the
coker at the Port Arthur plant to 95,000 bpd from 85,000 bpd. It also expanded
its crude and vacuum units, helping the plant to process heavy sour crude.
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Additionally, the company reported a second-quarter
profit of $831 million or $1.50 per share, as compared with $745 million, or
$1.30 per share, a year earlier. Analysts on average had expected a profit of
$1.43 per share.
Nokia Corporation (ADR) (NYSE:NOK) stock gained 10%
to $2.38 after Nokia Oyj and Siemens AG's joint venture, Nokia Siemens Networks
announced that it has been selected by Australia's Optus as a partner for its
key network initiatives. The agreement includes modernization of the mobile
network, reframing the 900 megahertz GSM frequency band, and providing
infrastructure and services for LTE (4G) rollout in Sydney and Perth. In
addition, Nokia Siemens Networks is the sole LTE core provider for Optus.
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Tower Group Inc (NASDAQ:TWGP) stock plunged 14.65%
to $18.53 after the company announced that it expects second quarter operating
loss of between $0.39 and $0.42 per share (EPS). For fiscal 2012, it expects
operating earnings to be between $1.45 and $1.55 per share (EPS). For fiscal
2013, it expects earnings to be in the range of $2.85 to $3.05 per share (EPS).
Analysts on an average were expecting the company to report EPS of $0.57 for
the second quarter of 2012; EPS of $2.51 for fiscal 2012; EPS of $2.84 for
fiscal 2013.
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