News Buzz: QUALCOMM, Inc. (NASDAQ:QCOM), LHC Group, Inc. (NASDAQ:LHCG), Portola Pharmaceuticals, Inc. (NASDAQ:PTLA), Nordic American Offshore Ltd. (NYSE:NAO), Provident Financial Services (NYSE:PFS)

QUALCOMM, Inc. (NASDAQ:QCOM) said Thursday that it will buy struggling broadband chip design house Ikanos Communications for about $47 million in cash.The tuck-in acquisition will beef up Qualcomm’s Atheros division with intellectual property in broadband technologies for the connected home, especially network and gateway semiconductors used by telecommunications companies. QUALCOMM, Inc. (NASDAQ:QCOM) belongs to Technology sector. Its net profit margin is 23.00% and weekly performance is -2.44%. On last trading day company shares ended up $62.84. QUALCOMM, Inc. (NASDAQ:QCOM) distance from 50-day simple moving average (SMA50) is -3.75%.

LHC Group (NASDAQ: LHCG) reported Q2 EPS of $0.51, $0.10 better than the analyst estimate of $0.41. Revenue for the quarter came in at $200.2 million versus the consensus estimate of $193.75 million. LHC Group, Inc. (NASDAQ:LHCG) shares increased 9.15% in last trading session and ended the day at $46.66. LHCG Gross Margin is 40.80% and its return on assets is 5.00%. LHC Group, Inc. (NASDAQ:LHCG) quarterly performance is 40.04%.

Portola Pharmaceuticals (Nasdaq:PTLA) provided a corporate update and reported its financial results for the second quarter ended June 30, 2015. Presented new preclinical data demonstrating that andexanet alfa significantly reduced bleeding and reversed the anticoagulant effects of the Factor Xa inhibitor Xarelto® (rivaroxaban), as measured by anti-Factor Xa activity, in an animal model of bleeding. In contrast, the four-factor prothrombin complex concentrate (PCC) Kcentra® did not impact bleeding or the anti-Factor Xa coagulation biomarker. Results were presented in an oral session at the ISTH 2015 Congress. On 06 August, Portola Pharmaceuticals, Inc. (NASDAQ:PTLA) shares fell -1.65% and was closed at $49.44. Portola Pharmaceuticals, Inc. (NASDAQ:PTLA) year to date (YTD) performance is 74.58%.

Nordic American Offshore Ltd. (NYSE:NAO), 2Q2015 Dividend and Earnings Report: The result for 2Q2015 is better than 1Q2015. Including the recently agreed credit facility of $150m, NAO is fully financed up to early 2020. As announced on July 21, 2015, NAO has declared a dividend of $0.17 per share for 2Q2015. The record date is August 5, 2015 and the payment of dividend is expected to take place about August 19, 2015. Since its inception in late 2013, NAO has paid dividends for 6 consecutive quarters, totalling $2.14 per share, including the dividend to be paid about August 19, 2015. In June 2014, NAO relocated from the Oslo OTC (Over the Counter) exchange to the New York Stock Exchange (NYSE). Nordic American Offshore Ltd. (NYSE:NAO) ended the last trading day at $6.25. Company weekly volatility is calculated as 8.33% and price to cash ratio as 3.16. Nordic American Offshore Ltd. (NYSE:NAO) showed a weekly performance of -12.17%.

Provident Financial Services, Inc. (NYSE:PFS) reported net income of $21.8 million, or $0.35 per basic and diluted share for the three months ended June 30, 2015, compared to net income of $16.4 million, or $0.28 per basic and diluted share for the three months ended June 30, 2014. For the six months ended June 30, 2015, the Company reported net income of $41.6 million, or $0.66 per basic and diluted share, compared to net income of $33.4 million, or $0.57 per basic and diluted share for the same period last year. Provident Financial Services, Inc. (NYSE:PFS) shares fell -0.51% in last trading session and ended the day at $19.68. Its return on assets is 0.90%. Provident Financial Services, Inc. (NYSE:PFS) quarterly performance is 10.48%.

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