Shares of DaVita surged more than +5% in premarket trading Monday, following news of the company’s second-quarter operating income guidance exceeding analysts’ expectations.
The healthcare company reported its projection for second-quarter operating income between $460 million and $465 million - a range that is substantially higher than the FactSet consensus of $398 million.
For the full-year, the company increased its adjusted operating income guidance to between $1.64 billion and $1.70 billion, from its prior forecast of a range of $1.54 billion to $1.64 billion.
The news comes ahead of DaVita’s modified Dutch auction tender offer on up to $1.2 billion of its common stock.The auction, priced between $53.50 and $61.50 per share, will start on Monday and continue until August 16 midnight.
Shares of Weight Watchers International Inc. jumped more than +5% on Thursday, as JP Morgan analysts softened their bearish stance on the stock.
J.P. Morgan analyst Christina Brathwaite upgraded the stock's rating to neutral from underweight.She also raised her price target to $22 from $17 a share.
Brathwaite indicated that she was no longer bearish on the weight management & fitness company, citing stabilizing subscriber trends and the potential growth opportunity in 2020 following the launch of a new diet program by the company at the end of this year.
In less than 48 hours, President Trump retreated on his promise of sweeping healthcare reform and the claim that the Republican party would be the party of healthcare.Trump now says he will wait until after the 2020 election, perhaps making it an even more contentious issue for voters.
Trump had pledged in recent days to use court action to end the Affordable Care Act and said the Republican Party would push over the next few months for a better healthcare plan at lower cost for most Americans.
But Republican leaders in Congress quickly shied away from the issue and pushed him to reconsider.
Three years ago, I stopped shaving with water to conserve H20.It might seem like a little thing, but little things add up.
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