Valeant Pharmaceuticals’ 3rd-qtr net income falls, but adjusted results top analyst forecasts
Valeant 3Q net income down, results top forecast QLogic shares rise 5 percent after 2nd-quarter earnings beat, conservative forecastALISO VIEJO, Calif. — Shares of network equipment maker QLogic Corp. rose more than 5 percent Thursday after the company’s results beat fiscal second-quarter profit estimates and it gave a conservative forecast. QLogic reports lower 2nd-quarter profit and sales but says sees signs of stabilityALISO VIEJO, Calif. — Network equipment maker QLogic Corp. said Wednesday its fiscal second-quarter profit declined as revenue fell, but the company said it is “cautiously optimistic” given signs of stability and early indicators of recovery in its business. Valeant Pharmaceuticals International acquires Private Formula International HoldingsALISO VIEJO, Calif. — Valeant Pharmaceuticals International said Wednesday it will buy Private Formula International Holdings Pty Ltd., a skin care company, to boost its dermatology portfolio. Avanir says it sold 4.5 million shares to fund development of Zenvia and cover other costsALISO VIEJO, Calif. — Avanir Pharmaceuticals Inc. said Thursday it raised $10.6 million by selling 4.5 million shares of stock. |