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.