Endo International plc (Nasdaq:ENDP) sees Auxilium transaction immediately accretive; Aviat Networks, Inc. (Nasdaq:AVNW),Selective Insurance Group Inc. (Nasdaq:SIGI)

Endo International plc (Nasdaq:ENDP) sees Auxilium transaction immediately accretive. Endo International plc (ENDP)announced it has completed the acquisition of Auxilium Pharmaceuticals (AUXL) in a transaction valued at $2.6B when announced on October 9, 2014. The closing of the transaction follows the approval of the acquisition by Auxilium's shareholders on January 27 and the receipt of all required regulatory approvals. The closing for ENDP was $81.64 at the day’s end. It was a change of $0.44. ENDP saw a volume of 5,235,257 shares and market cap of $12.55B.

 

Aviat Networks, Inc. (Nasdaq:AVNW) sees Q3 revenue $75M-$80M, consensus $93.23M. Cites lower revenue in North America following higher than anticipated revenue contribution in the Q2 and recovery in Africa not expected until later in fiscal year 2015. Aviat Networks expects Q3 Non-GAAP operating expense in the range of $25.5M-$26.5M, based on the reduction of professional fees incurred in Q2 related to the fiscal 2014 financial audit. AVNW closed for the day at $1.39 with a change of $0.03. Trailing 12 month’s profit margin for AVNW is -12.93% and for the same period, its operating margin is -10.39%.

 

Selective Insurance Group Inc. (Nasdaq:SIGI) sees FY15 full-year statutory combined ratio of 91.0%. For 2015, Selective expects to generate a full-year statutory combined ratio of 91.0%, excluding catastrophes and any prior year casualty reserve development. Selective currently estimates 4 points of catastrophe losses for 2015. After-tax investment income will be approximately $105M and weighted average shares at year end are anticipated to be approximately 58M. In Nasdaq, SIGI traded with a change of $0.27 and closed for the day at $26.94 with a volume of 331,275 shares. SIGI‘s revenue in last one year has been $2.02B, return on assets 1.91% and return on equities 10.52%.