Qihoo 360 Technology (QIHU) crushed Q3 earnings estimates as it gains more ground vs. Chinese search giant Baidu. But shares tumbled 9.5% Monday as some analysts said revenue growth should be beating analyst forecasts by a wider margin. Beijing-based Qihoo 360 (QIHU) said Sunday third-quarter earnings per share spiked 135% to 47 cents. Analysts saw 37 cents. Revenue leapt 125% to $187.9 million vs. views of $181.7 million, according to
Top-rated biotechs Biogen Idec, Gilead Sciences and Celgene all got good news from Europe Friday, sending their stocks to all-time highs. Biogen’s (BIIB) multiple sclerosis drug Tecfidera moved a step closer to launch in the European Union after it was ruled as a “new active substance” by the EU’s Committee for Medicinal Products for Human Use (CHMP). Under EU rules, a new active substance can be protected from competition for 10
Internet radio company Pandora Media late Thursday met Q3 earnings estimates but gave a weak outlook. Meanwhile, key rival Spotify raised $250 million in a new funding round. Pandora (P) earned 6 cents a share in Q3, excluding various items, up 20% vs. a year earlier. Revenue grew 50% to $180.4 million, topping consensus views of $174.8 million. It expects EPS of 2-4 cents in the November-January period. Wall Street had modeled 4