VIVUS, Inc.(NASDAQ:VVUS) shares gained 3.97% to $12.57. The company on April 16 announced that the U.S. Food and Drug Administration (FDA) has approved its amendment and modification to the Risk Evaluation and Mitigation Strategy (REMS) for Qsymia® (phentermine and topiramate extended-release) capsules CIV. The amendment, submitted in October 2012, allows Qsymia to be dispensed through certified retail pharmacies, in addition to the existing network of certified mail-order pharmacies.
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SunTrust Banks, Inc. (NYSE:STI) shares gained 1.72% to $27.71. The company on April 19, posted first quarter net income of $340 million from $245 million last year. Earnings per share grew 37 percent to $0.63 from $0.46 a year ago. Analysts expected the company to report earnings of $0.61 per share for the quarter. Total revenue, on a fully taxable-equivalent or FTE basis, dropped 5 percent to $2.114 billion. Revenue decreased 4 percent to $2.112 billion. Analysts had consensus revenue estimate of $2.25 billion for the quarter.
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SAP AG (ADR)(NYSE:SAP) shares decreased 2.08% to $76.55. The company, on April 19, announced its financial results for the first quarter ended March 31, 2013. The company had a solid start to 2013 with 23% (25% at constant currencies) growth in non-IFRS software and cloud subscription revenue. SAP achieved €824 million in non-IFRS software and cloud subscription revenue in the first quarter.
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Looking forward, the company expects fiscal 2013 non-IFRS software and cloud subscription revenue to increase in a range of 14%-20% at constant currencies (fiscal 2012: EUR5.00 billion). The fiscal 2013 non-IFRScloud subscription and support revenue contributing to this growth is expected to be around EUR750 million at constant currencies (fiscal 2012: EUR343 million). The Company expects fiscal 2013 non-IFRS software andsoftware-related service revenue to increase in a range of 11%-13% at constant currencies (fiscal 2012: EUR13.25 billion).
Google Inc(NASDAQ:GOOG) shares increased 0.79% to $772. The company, on April 18, said core Internet business grew net revenue 23 percent in the first quarter, softening the effect of a sharp decline in its Motorola mobile phone division.
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The company reported a first-quarter profit of $3.35 billion, or $9.94 a share, compared with a profit of $2.89 billion, or $8.75 a share, for the year-earlier period. Adjusted revenue was $11.01 billion, compared with $8.14 billion in the same quarter the previous year. Adjusted profit was $11.58 a share. Analysts on average were expecting the company to report a profit of $10.65 a share, on revenue of $11.12 billion.
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