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EA said it expected the launch of new games, including “Madden NFL” and “Battlefield V”, in the coming months to take on some of those challenges. For the first quarter, the company said “The Sims 4” player base grew 35 percent and the “FIFA World Cup” update had over 15 million unique players. Chief Financial Officer Blake Jorgensen told Reuters that though EA had only two weeks of the World Cup in its first quarter, user engagement with FIFA was “extremely” high and that should help “FIFA 19” when it is launched in September.
(Reuters) - Amgen Inc (AMGN.O) on Thursday reported a better-than-expected second quarter profit and raised its full-year earnings forecast, and its chief executive pledged not to raise drug prices again this year, Amgen joined several drugmakers that have vowed to limit or delay price increases under intensifying pressure from the Trump administration to cut health care costs for U.S, consumers, The world’s largest washington capitals cufflinks biotechnology company also announced replacements for its head of research and development and retiring global commercial operations chief..
The company said on a conference call that it decided in May to forego list price increases it had planned for July, although it did not say which drugs it had targeted for price hikes. “We have no plans to change that for the balance of the year,” CEO Robert Bradway said. Amgen posted adjusted earnings of $3.83 per share, topping analysts’ average expectations by 29 cents, according to Thomson Reuters I/B/E/S. Growth of newer drugs like cholesterol fighter Repatha and osteoporosis drug Prolia offset weakness in older products, the company said.
The company increased its 2018 earnings forecast to $13.30 to $14 per share, up from its previous view of $12.80 to $13.70, Amgen shares rose 1 percent in extended trading to $196, washington capitals cufflinks Overall revenue for the quarter revenue rose 4 percent to $6.06 billion, Sales of rheumatoid arthritis drug Enbrel fell 11 percent to $1.3 billion, Sales of the potent but expensive cholesterol drug Repatha have begun to take off, increasing 78 percent to $148 million, They have been held back since the drug’s 2015 approval by an unwillingness of insurers and pharmacy benefit managers to authorize its use for most patients..
Prolia sales rose 21 percent to $610 million. Amgen did not report early sales of Aimovig, the new migraine preventer that won U.S. approval in May. Amgen offered all new patients two free months of the medicine. The company is trying to get around barriers large insurers are setting for patients prescribed the costly new headache treatment. Amgen said it had already negotiated contracts with payers covering around 30 percent of commercially-insured patients in the United States. Amgen announced that longtime research chief Sean Harper is stepping down and will be replaced by David Reese, currently head of translational sciences and oncology at the company.
(Reuters) - Facebook Inc (FB.O) Chief Executive Mark washington capitals cufflinks Zuckerberg’s fortune took a more than $15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S, stock market history a day after executives forecast years of lower profit margins, At least 16 brokerages cut their price targets on Facebook after Chief Financial Officer David Wehner startled an otherwise routine call with analysts by saying the company faced a multi-year squeeze on its business margins..
That “bombshell,” as one analyst termed it, played into concerns on Wall Street that Facebook’s model could be under threat after a year dominated by efforts to head off concerns over privacy and its role in global news flow. (Graphic: Facebook's slowing revenue growth - tmsnrt.rs/2JV9APu). Shares closed down almost 19 percent at $176.26, wiping more than $120 billion off the company’s value or nearly four times the entire market capitalization of Twitter Inc (TWTR.N). Slowing revenue growth initially pulled the stock down nearly 9 in after-hours trading on Wednesday before losses picked up on the margin outlook.
“Over the next several years, we would anticipate that our operating washington capitals cufflinks margins will trend towards the mid-30s on a percentage basis,” Wehner said on a conference call with analysts, Facebook’s margin fell to 44 percent in the second quarter from 47 percent a year ago as it spent heavily on security and initiatives to convince users the company was protecting their privacy, The company also said revenue growth from emerging markets and the company’s Instagram app, which has been less affected by privacy concerns, would not be enough to repair the damage..