Actionable news
All posts from Actionable news
Actionable news in ENDP: Endo Health Solutions Inc.,

Here's Why Endo (ENDP) Stock Is Spiking Today

NEW YORK (TheStreet) -- Shares of Endo (ENDP) were soaring 21.61% to $22.12 on heavy trading volume mid-Tuesday afternoon after reporting 2016 second-quarter results above analysts' expectations and appointing a new manager.

After yesterday's market close, the Dublin-based healthcare company posted adjusted earnings of 86 cents per share, topping analysts' estimates of 74 cents per share.

Revenue climbed 25% year-over-year to $921 million and beat analysts' projected $864 million. Sales were helped by Endo's 2015 purchase of Par Pharmaceutical for $8 billion,the company said in a statement.

For the full year, Endo expects adjusted earnings between $4.50...