Perfect World Slumped 9% (LPHI, CRM, GILD, PWRD, PBR)
Life Partners Holdings, Inc. (NASDAQ:LPHI) announced the appointment of Scott Dubs as Chief Financial Officer (CFO). Mr. Dubs, age 58. Mr. Dubs succeeds Mr. Dave Martin who had served as Life Partners’ CFO since 2008.
salesforce.com, inc. (NYSE:CRM) shares fell 0.25% to $148.69 in the after hour trading after investment analysts at Wunderlich lifted their target price on shares of Salesforce.com from $168.00 to $207.00 in a note issued to investors yesterday and the firm currently has a “buy” rating on the stock.
Additionally, the company last posted its quarterly earnings results on August 23. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. The company’s quarterly revenue was up 34.1% on a year-over-year basis. Analysts expect that Salesforce.com will post $1.49 EPS for the current fiscal year.
Gilead Sciences, Inc. (NASDAQ:GILD) shares increased 0.12% to $57.26 in the after hour trading after the company announced that the U.S. Food and Drug Administration (FDA) has approved Stribild, a complete once-daily single tablet regimen for HIV-1 infection for treatment-naïve adults. Stribild, referred to as Quad prior to FDA approval, combines four compounds in one daily tablet.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) stock plunged 8.75% to $9.60 in the after hour trading after the company reported second quarter profit of CNY158.2 million ($24.9 million), or CNY3.25 (51 cents) an American depositary share, down from CNY316.6 million, or CNY5.98 an ADS, a year earlier. Adjusted per-ADS earnings fell to CNY3.60 from CNY6.50. Analysts expected CNY3.61 a share. Revenue dropped 13% to CNY676.4 million. The company in May forecast revenue of CNY647 million to CNY683 million, well below analyst estimates at the time.
Petroleo Brasileiro SA (ADR) (NYSE:PBR) stock gained 0.23% to $21.72 in the after hour trading after the company said late Monday it is monitoring the path of Tropical Storm Isaac, but hasn’t yet started evacuating the U.S. Gulf of Mexico’s first floating production, storage and offloading vessel, or FPSO.
Additionally, Zacks downgraded shares of PBR from a neutral rating to an underperform rating in a report issued last week and they currently have $20.00 target price on the stock.