...China's Lenovo Group Ltd , the world's biggest personal computer (PC) maker, said on Thursday its first-quarter net profit rose 64 percent, beating estimates as solid PC sales offset tepid smartphone demand. Beijing-based Lenovo said in a filing that net profit grew to $173 million for the quarter ended June from $105 million in the same period a year earlier.
Never trust these thugs, They announce then sell shares into the frenzy. I buy here however as this is obvious over-reaction!
Wall Street does not tolerate non-performance. GILD hit hard with 8.5% drop yesterday despite its incredibly low p/e. This mgmt doesn't get it!
Why the big sell off?
$900 per pill is less than sovaldi/harvoni. I'm sure someone will still complain as they want them to give it away!
Read the Street article says they took the low road by pricing lower than earlier drugs.
Gilead set the sticker price for the newly approved hepatitis C drug Epclusa at $74,760 for a 12 week course of treatment.