Eli Lilly’s animal health segment company, Elanco, reported an increase of ~33% at $778.8 million for 3Q15 over 3Q14.
Eli Lilly and Company’s overall business is classified into to segments, the human pharmaceuticals business segment and the animal health business segment.
Eli Lilly reported a growth of approximately 2% in revenues for 3Q15 over 3Q14. The company’s 3Q15 revenues were $4.96 billion, which were slightly lower.
Eli Lilly reported an increase in its top line by ~2% in its 3Q15 earnings on October 22, 2015, but its shares remained flat at a closing price of $76.98.
Following its 3Q15 earnings, Alaska Air Group’s shares increased 3.64% as it beat earnings expectations. As a result, its valuation multiple increased by 3.9%.
For 4Q15, Alaska Air Group expects its capacity to grow by about 12.5%, mostly driven by better demand from new and existing markets, longer stages, and larger gauge.
Alaska Air Group is one of the two investment-grade airline companies in the US, the other being Southwest Airlines.
Alaska Air Group achieved a record year-to-date customer satisfaction score of 86%, an improvement of 2% each year for the past eight years.
Alaska Air Group has focused on growing its network by entering new markets. It has entered 15 new markets since 3Q14, out of which ten markets were added this year.
Alaska Air Group had a 34% EBITDA margin in 3Q15, the highest among its peers that have reported their 3Q15 results.
Alaska Air Group’s 3Q15 revenue grew by 3% YoY to $1.52 billion. Its $442 million pretax profit yielded a pretax margin of 29.2%, which is the best profit performance in the company’s history.
On October 22, 2015, Alaska Air Group reported its 3Q15 results. The airline’s earnings per share of $2.16 easily beat analyst estimates of $2.10 by ~3%.
The primary reason for Apple Mac sales growth slowing down in the last quarter was the appreciating US dollar (UUP), which makes Macs more expensive to sell in the international markets.
Apple expects revenue for fiscal 1Q16 to be $75.5–$77.5 billion. This will be a year-over-year (or YoY) revenue growth of only 2.5% at the mid-point of Apple’s projection for fiscal 1Q16.
As expected, Apple (AAPL) beat analysts’ estimates for 4Q15 revenues and EPS. On October 27, 2015, Apple announced revenues of $51.5 billion, which beat estimates of $51.1 billion. EPS of $1.96 beat the expected $1.88.
American Capital Agency adjusted its leverage from 6.1x at the end of the second quarter to 6.8x at the end of 3Q15. The company funded its balance sheet with roughly $40.5 billion in repurchase agreements.
American Capital Agency’s (AGNC) average asset yield in 3Q15 was 2.4%, a decrease from 3.0% in 2Q15. Its average cost of funds derived from repurchase agreements, swaps, and other borrowings increased from 1.4% to 1.7%.
During 3Q15, American Capital Agency’s balance sheet fell from $62.9 billion to $62.2 billion in assets. At the end of the quarter, 30-year fixed-rate mortgages accounted for 66% of the portfolio.
American Capital Agency’s (AGNC) book value per share fell from $24 in 2Q15 to $23 in 3Q15. The fall was due in part to a widening of mortgage-backed security spreads during the quarter.
On September 3, B&G Foods (BGS) announced that it entered into an agreement to acquire the iconic Green Giant and Le Sueur brands.