Genentech Posts Sharply Higher 3Q Profit
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Biotechnology firm Genentech Inc. said Wednesday that its third-quarter profit topped Wall Street expectations on a sharp rise in drug sales, and raised its yearly forecast to meet current targets.
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Aided by strong international growth and better-than-expected back-to-school sales, eBay reported robust third-quarter earnings Wednesday as profit surged 77 percent over last year.
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The investment firm reported strong third-quarter earnings.
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The large maker of business software applications said its third-quarter profit rose 10 percent on an increase in license sales.
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YESTERDAY Close $75.73 Change +$2.22 52-WEEK High $76.90 Low $58.71 Genzyme Corp. of Cambridge said profit jumped tenfold as sales increased for its medicines for rare genetic disorders, some of the world's costliest drugs. The company gained 3 percent in New York trading.
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Genentech Inc. barely scraped past Wall Street's expectations Monday as the biotech giant renowned for its phenomenal growth posted a 6 percent rise in fourth-quarter profits.
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Biogen Idec Inc.  said on  Thursday that fourth-quarter earnings rose on higher sales of  its cancer and multiple sclerosis drugs.
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Mobile chipmaker Texas Instruments Inc  posted higher third-quarter earnings on Monday as it sold more analog chips with higher profit margins.
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Biogen Idec Inc.  said on Thursday that fourth-quarter earnings rose on higher sales of its cancer and multiple sclerosis drugs.
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The desktop publishing software maker said its fiscal fourth-quarter profit and sales rose to beat Wall Streetâs expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
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General Electric on Friday reported third-quarter profits of 4.05 billion dollars, matching Wall Street&#39;s expectations as revenues grew 15 percent at the diversified US conglomerate.
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Biotechnology company Genentech Inc  said on Monday its fourth-quarter profit rose 6.4 percent, but sales of its blockbuster cancer drug and others fell short of investor expectations, sending the company's shares lower.
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Aetna Inc  on Thursday posted a better-than-expected third-quarter profit as membership increased, and the health insurer raised its full-year forecast.
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Defense contractor General Dynamics Corp. on Wednesday posted a higher third-quarter profit led by a big rebound in its aerospace segment.
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The digital video company produced strong profits in the third quarter.
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DuPont has its third consecutive quarter of higher revenue and earnings.
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Genentech Inc.  on Wednesday said second-quarter profit rose 41 percent, fueled by growth from key cancer drugs Avastin and Rituxan, and it boosted its full-year profit forecast.