What’s Hot in Stocks: Transocean Ltd., Theravance, Exelixis, ABB Ltd., Sony Corp.

Transocean Ltd. (RIG) reported their results for the quarter ending September 30, 2014 on November 9. Thus, the company posted a net loss that can be attributed to controlling interest of $2.217 billion, which works out to $6.12 for every diluted share. For the same quarter of the previous year, Transocean posted net income attributed to controlling interest equivalent to $546 million, or $1.50 for every diluted share, including $51 million in net favorable items, equating to $0.14 for every diluted share. Overall revenue for the quarter ending September 30, 2014 declined by $58 million from the previous quarter, thus reaching $2.270 billion. Transocean Ltd. operates in the basic materials sector and has a net profit margin of 19 percent. The company achieved a performance of -9.96 percent for the week. During the previous day of trading, Transocean’s shares closed out the day at $26.05. The company is trading at -15 percent from its 50-day simple moving average.

Theravance, Inc. (THRX) stated that a third study on lung function which was comparing the safety and effectiveness of Anoro Ellipta, a combination of LAMA, a long-acting muscarinic antagonist, and LABA, a long-acting beta 2 – adrenergic agonist, with the tiortopium LAMA, used in the inhaler marketed under the HandiHaler name, for patients suffering from chronic obstructive pulmonary disease, or COPD, obtained positive results, which were published in Respiratory Medicine. Theravance saw its shares decline by 0.82 percent during the previous session of trading, thus closing out the day at $13.23 per share. The company has a return on assets of -44.2 percent while their performance for the quarter was -42.63 percent.

Exelixis Inc. recently stated that the president and chief executive officer of the company, Michael M. Morrisey PhD, would be offering a summary of the company between November 18 and November 19 in New York at the Stifel 2014 Healthcare Conference. The presentation will be held on 18 November 2014, at 9:10 AM EST. November 14 saw Exelixis shares slide by 1.7 percent, with the company’s stock closing the day out at $1.73 per share. The company has experienced a growth in EPS of 2.9 percent over the past five years, while their performance on a year-to-date basis has been -71.78 percent.

ABB Ltd. (ABB) released earnings information on October 22, with the company stating they had achieved EPS of $0.32 for the relevant quarter, which was higher than the market projections of $0.31 per share, indicating a one cent difference. The company generated $9.82 billion in revenues for the quarter, compared to analysts’ expectations of $10.42 billion. The same quarter of last year saw the company generate earnings per share of $0.39. On a year-over-year basis, the company’s revenues declined by 6.8 percent for the quarter. Analysts are forecasting that ABB Ltd. will achieve EPS of $1.26 for this fiscal year. ABB Ltd. saw their shares close out at $22.31 during the previous day of trading, while the company achieved a volatility of 1.12 percent for the week. Price/cash ratio works out to 8.27, while performance for the week was 0.72 percent.

Sony Corp. (ADR) (SNE) has planned to officially launch their web-based TV service in Q1 2015. The company stated that the television service that is entirely based on the web will allow users to watch live TV and also give them access to on-demand movies and shows without the need for a satellite or cable service. The company explained that the service would provide the previous three days of programming people enjoyed without the need for them to make recordings. Sony Corp. operates in the consumer goods sector and has a net profit margin of -1.4 percent. The company achieved a performance of 5.2 percent for the week. During the previous day of trading, Sony Corp. saw their shares close out the day at $20.64. Sony Corp. is trading at 11.98 percent from its 50-day simple moving average.