Stocks In Action: Cliffs Natural Resources Inc. (NYSE:CLF), Horizon Pharma Inc. (NASDAQ:HZNP) And Lightinthebox Holding Co Ltd-ADR (NYSE:LITB)
Dallas, Texas, 09/29/2014 (ustrademedia) – Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) has on Friday announced that it is reporting revised guidance for the third quarter of 2014. LITB related that in the latest revisions it has raised the net revenues to $94million and $96milion, higher than previous announced guidance of $92 million to $94 million. For a company, this translates to a year-over-year increase to the tune of 38% and 41% over the same period in 2013. In an official statement, the company reiterated that the net revenues had grown at a fast pace and foresee third quarter 2014 to gaining due to strategic plans gains in the past few quarters.
Horizon Pharma Inc. (NASDAQ:HZNP) in a press release announced that its latest acquisition, Vidara Therapeutics International Plc calls for changes at multiple levels. The changes would include commercial restructuring processes of the US divisions, as well as reconstitution of its management executive committee. Horizon Pharma Inc. (NASDAQ:HZNP) noted that the restructuring has added flexible features for growing portfolio of products. The US commercial organizations have already resolved into three divisions and also reported the resignation of CEO and Executive Vice President Todd N. Smith.
Cliffs Natural Resources Inc. (NYSE:CLF) iron-ore producer based in the US, has been gaining interest from big mining companies for three of its Western Australian facilities. The value of these mines is currently placed at $876 million predict experts. CLF too is one of the high-profile company’s under pressure from activist investors. In Cliff’s case it is Casablanca Capital LP which is bearing down on it to heave-off some of the mining sites. Just last month, Cliff’s gave-up its stake in the developer of graphite mining in Canada, Zenyatta Ventures Ltd. Soon, it will divest its interest in majority holding in a nickel project, First Point Minerals Corp., located in Canada.