Teva Pharmaceutical Gains On FDA Approval (DISH, CDE, ACI, TEVA, CQP, SFL)
DISH Network Corp (NASDAQ:DISH) went up 0.12% to $28.41. DISH Network L.L.C. and Roku Inc announced a deal that launches the DISHWorld service on the Roku streaming platform in the U.S. Featuring more than 50 international programming channels.
The Company said that it does not expect to be able to launch its proposed Long Term Evolution-Advanced network using its allocation of 40MHz S-Band spectrum until at least 2016.
Coeur d’Alene Mines Corporation (NYSE:CDE) surged up 1.04% to $17.49. The Company has started full production at its Palmarejo Mine after the small group of employees who had been blocking access to the mine agreed to return to work. The temporary shutdown is not expected to have a material impact on 2012 production at Palmarejo.
Arch Coal Inc (NYSE:ACI) declined 2.02% to $7.26. Goldman Sachs upgraded the rating on the stock to neutral from sell. The Company’s Skyline Mine was awarded Utah Earth Day Award for environmental excellence.
Teva Pharmaceutical Industries Ltd (ADR) climbed up 1.78% to $39.26. The Company has received US Food and Drug Administration approval for its generic version of the blood thinner Plavix. The drug helps reduce the risk of heart attack and stroke.The Company expects to earn an adjusted $5.30 to $5.40 per share for fiscal year 2012. The Company expects sales to be in the range $20 billion to $21 billion for 2012. However, analysts estimated profit of $5.58 a share on sales of $21.31 billion.
Cheniere Energy Partners L.P. (NYSEAMEX: CQP) decreased 1.39% to $23.12.The Company will launch the syndication of two new credit facilities approximately $2 billion with a bank meeting. The new senior secured syndicated credit facilities include approximately $750 million at Cheniere Partners and approximately $1.3 billion at Sabine Pass Liquefaction LLC.
The Company has agreed to sell $1.5 billion in stock to investors affiliated with Blackstone Group L.P. at a discount. This is done to raise funds for construction of a natural gas export facility.
Ship Finance International Limited (NYSE:SFL) increased 5.13% to $14.54. The Company posted first quarter EPS of $0.49, above the analyst estimate of $0.40. Revenue for the quarter was $84.12 million versus the consensus estimate of $116.05 million.