Strong Profit Growth at Amaya (AYA); Stifel Sees Upside on Gilead Sciences (GILD)

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Amaya, Inc. (Nasdaq:AYA) shares climbed more than 10% in pre-market trade Monday after the PokerStars owner delivered a robust growth in profits in its quarterly financial results

For the third quarter 2016, Amaya posted revenues of $270.85 million, a 9.5% increase year over year, and adjusted net income of $84.98 million, or $0.42 per diluted share versus an adjusted net income of $69.02 million, or $0.35 per diluted share in the same period the prior year

According to its business outlook for the full year 2016, Amaya expects revenues to be in the range of $1.14 million to $1.16 million and adjusted net earnings to be between $344 million, or $1.78 per diluted share and $354 million, or $1.83 per diluted share for the period

AYA stock finished Friday’s trading session at $13.60 and 112,310 of its shares changed hands during the day

Amaya, which provides technology-based products and services to the global gaming and interactive entertainment industries, has 144.88M Shares Outstanding and AYA stock 52-week range is between $9.67 and $17.57 per share. At close on Friday, the company had a Market Capitalization of $1.97B

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Gilead_Sciences_GILD

Investment analysts at Stifel initiated coverage on Gilead Sciences, Inc. (Nasdaq:GILD) shares with a Buy rating and a price target of $100.00, representing a potential upside of 30.8% from the stock’s closing price on Friday of $76.44

The research-based biopharmaceutical company recently reported third quarter 2016 sales of $7.4 billion and non-GAAP net income of $3.68 billion, or $2.75 per diluted share for the period

Gilead Sciences, which discovers, develops, and commercializes medicines in areas of unmet medical needs. has 1.32B Shares Outstanding, Market Capitalization (intraday) of $100.68B and GILD stock one-year range is from $71.39 to $108.63 per share

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