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Zacks Analyst Blog Highlights: Baker Hughes Inc., BJ Services, Teva Pharmaceutical Industries Ltd., Mylan and Comcast Corp. – Press Releases

Zacks Market Commentaries (November 5th, 2009) Writes:

For Immediate Release

Chicago, IL – November 5, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Baker Hughes Inc. (BHI), BJ Services (BJS), Teva Pharmaceutical Industries Ltd. (TEVA), Mylan (MYL) and Comcast Corp. (CMCSA).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s AnalystBlog:

Baker Hughes Misses Estimates

Baker Hughes Inc. (BHI) reported its third quarter results of 26 cents per share, well below the Zacks Consensus Estimate of 36 cents and year-earlier quarter earnings of $1.39. Before adjusting one-time items, earnings were 18 cents per share.

Though the company’s

...

Teva Reports Strong Quarter – Analyst Blog

Zacks Market Commentaries (November 4th, 2009) Writes:
Teva Pharmaceutical Industries Ltd. (TEVA) reported earnings of 89 cents in the third quarter of 2009, up 16% from the year-ago period and a cent above the Zacks Consensus Estimate. Strong sales of Copaxone and in the respiratory business helped drive earnings in the reported quarter. Net sales increased 25% to $3.55 billion, with the Barr acquisition contributing to sales across different geographical segments. The strengthening U.S. dollar adversely impacted net sales by $160 million or 6%. Revenue performance across key business segments was mixed. While the Pharmaceuticals Sales segment posted growth of 27% with revenues coming in at $3.4 billion, the active pharmaceutical ingredients (API) segment reported an 8% decline in growth with sales coming in at $136 million. Pharmaceutical segment sales were driven by strong performances in the North American, European and International segments. The launch of generic versions of Ortho Tri-Cyclen Lo ...

Barr Pharma a Hold on Teva Buyout

Zacks Market Commentaries (August 19th, 2008) Writes:

Barr Pharmaceuticals, Inc.’s (BRL) first quarter results missed ours and the Street’s expectations by a huge margin with all the business segments performing poorly. Given the lack of significant catalysts, barring a favorable ruling in the Miraprex case, and the ongoing issues related to pricing pressure and intense competition in the generics market, we had advised investors to avoid the name for the time-being.

We had issued a Sell rating on the stock after the company posted disappointing first-quarter results and slashed its full-year outlook. However, we moved back to a Hold rating following the recent announcement regarding the takeover of the company by Teva Pharmaceuticals (TEVA). Teva and Barr entered into a definitive agreement under which Teva will acquire Barr for $7.46 billion plus the assumption of net debt of approximately $1.5 billion. This offer has come at the right time for Barr - the deal is

...

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