Three More Earnings Beats

We had three more Buy List earnings beats this morning.

Biogen (BIIB) reported earnings of $5.21 per share. They beat estimates by 54 cents per share. The company also announced a $5 billion buyback. Quarterly revenues rose 11.7% to $2.89 billion. Biogen’s CEO, George Scangos, said he’ll be stepping down.

Biogen said they expect full-year earnings to range between $19.70 and $20 per share. Wall Street had been expecting $18.96 per share.

Snap-on (SNA) reported Q2 earnings of $2.36 per share. Wall Street had been expecting $2.23 per share.

Alliance Data Systems (ADS) earned $3.68 per share which was nine cents more than expectations. The company now expects Q3 earnings of $4.42 per share and full-year earnings of $16.85 per share.

Posted by on July 21st, 2016 at 9:00 am


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