LONDON, UK / ACCESSWIRE / June 29, 2018 /

If you want access to our free earnings report on Caleres, Inc. (NYSE: CAL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CAL. The Company reported its first quarter fiscal 2018 operating and financial results on May 31, 2018. The footwear wholesaler and retailer re-affirmed its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

For the thirteen-week period ended May 05, 2018, Caleres’ consolidated net sales came in at $632.1 million compared to $631.1 million in Q1 FY17. The Company’s revenue numbers came in short of analysts’ estimates by $12.85 million.

During Q1 FY18, Caleres’ gross profit totaled $274.9 million, up 1.5% compared to $270.9 million in Q1 FY17. The Company’s gross margin improved 59 basis points (bps) to 43.5% in the reported quarter.

For Q1 FY18, Caleres’ operating earnings were $22.9 million compared to $23.3 million in Q1 FY17. The Company’s operating margin was 3.6% in the reported quarter, down 10 bps compared to the year ago same period. Caleres’ adjusted operating earnings were $24.7 million compared to $27.4 million in Q1 FY17, while its adjusted operating margin was 3.9% in Q1 FY18, down 40 bps from Q1 FY17.

Caleres’ reported net earnings were $17.2 million, or $0.40 per diluted share, compared to $14.9 million, or $0.35 per diluted share, in Q1 FY17. The Company’s results for the reported quarter included a charge of $0.03 per share for the transition of Allen Edmonds’ consumer-facing activities to St. Louis.

For Q1 FY18, Caleres’ adjusted net earnings per diluted share advanced 7.5% to $0.43 compared to $0.40 in Q1 FY17. Analysts were expecting the Company to report earnings per share of $0.47.

Segment Results

During Q1 FY18, Caleres’ Famous Footwear segment’s total sales were down 0.8% to $363.4 million on a y-o-y basis, as the Company operated 39 fewer doors y-o-y. The segment’s same-store sales declined 0.8% on a y-o-y basis, driven by unseasonable weather across the majority of the US, as the Company noted that 2/3 of its sales at Famous Footwear were generated in areas having cold or moderate climates.

For Q1 FY18, Caleres’ Brand Portfolio segment’s sales were up 1.4% to $268.7 million on a y-o-y basis.

Cash Matters

As of May 05, 2018, Caleres’ cash and equivalents were $96.5 million compared to $71.8 million as on April 29, 2017. The Company did not have any outstanding borrowings under its revolving credit facility at the end of the reported quarter.

At the end of Q1 FY18, Caleres’ inventory was up 2.6% to $579.9 million on a y-o-y basis, while its capital expenditure was down 24.3% to $9.4 million compared to the year ago same period.

During Q1 FY18, Caleres repurchased 100,000 shares of its common stock for a total of $3.3 million.

Store Update

Caleres ended Q1 FY18 with 1,013 Famous Footwear doors. For its Brand Portfolio, the Company opened 4 new doors in the quarter and closed 5, totaling 235 doors at the end of the quarter.

Outlook

For the full fiscal year 2018, Caleres is forecasting consolidated net sales to be approximately $2.8 billion. The Company is estimating Famous Footwear same-store sales to grow in the low-single digits, while sales at Brand Portfolio are also expected to be up in the low-single digits. For FY18, Caleres is projecting adjusted earnings per share to be in the range of $2.40 to $2.50.

Stock Performance Snapshot

June 28, 2018 – At Thursday’s closing bell, Caleres’ stock marginally advanced 0.28%, ending the trading session at $35.23.

Volume traded for the day: 381.34 thousand shares.

Stock performance in the last three-month – up 4.85%; previous six-month period – up 5.57%; past twelve-month period – up 26.86%; and year-to-date – up 5.23%

After yesterday’s close, Caleres’ market cap was at $1.49 billion.

Price to Earnings (P/E) ratio was at 17.05.

The stock has a dividend yield of 0.79%.

The stock is part of the Consumer Goods sector, categorized under the Textile – Apparel Footwear & Accessories industry. This sector was up 0.6% at the end of the session.

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Stock Monitor: Golar LNG Partners Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want access to our free earnings report on Frontline Ltd (NYSE: FRO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FRO. The Company reported its first quarter fiscal 2018 operating and financial results on May 31, 2018. The oil tanker Company’s revenues declined in the first quarter, due to a spot rate environment which was weak in the reported quarter as inventory draws impacted a freight market that was already suffering from a high fleet growth. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Golar LNG Partners LP (NASDAQ: GMLP), which also belongs to the Services sector as the Company Frontline. Do not miss out and become a member today for free to access this upcoming report at:

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Earnings Highlights and Summary

For the three months ended March 31, 2018, Frontline recorded total operating revenues of $169.6 million compared to $177.1 million in Q1 2017. The Company’s revenue numbers beat analysts’ estimates of $76.6 million.

Frontline reported a net loss attributable to common shareholders of $13.6 million, or $0.08 loss per share, in Q1 2018 compared to a net income of $27.0 million, or $0.16 per share, in Q1 2017.

For Q1 2018, Frontline’s net loss, adjusted for certain non-cash items, was $13.6 million, or $0.08 loss per share. These non-cash items consisted of a loss on termination of the lease for Front Circassia of $5.8 million; a mark-to-market loss on marketable securities of $0.3 million; a gain on derivatives of $5.1 million; and a gain on the sale of shares of $1.0 million. The Company’s earnings results were better than Wall Street’s estimates for a loss of $0.16 per share.

Operating Results

During Q1 2018, Frontline took delivery of three newbuildings very large crude carriers (VLCC), namely the VLCC’s Front Empire and Front Princess and the LR2 Front Polaris. Furthermore, the Company has two VLCC newbuildings under construction, with an aggregate deadweight (DWT) carrying capacity of 0.6 million.

During Q1 2018, Frontline achieved spot average daily time charter equivalents (TCE) of $18,000 per day for VLCCs less than 15 years of age. As of March 31, 2018, the Company had entered into a time charter-out contract for one LR2 tanker with expiry in Q1 2019, at an average rate of $17,300 per day.

Fleet Update

As of March 31, 2018, Frontline’s fleet consisted of 63 vessels, with an aggregate capacity of approximately 12.3 million DWT. These vessels comprised of 46 vessels owned by the Company; 8 VLCCs that are under capital leases; 1 VLCC that is recorded as an investment in finance lease; 1 VLCC where the cost/revenue is split 50/50 with an unrelated third party; and 7 vessels that are under the Company’s commercial management.

Newbuilding Program/Financing Update

As of March 31, 2018, Frontline’s newbuilding program was comprised of 2 VLCCs. As of March 31, 2018, the Company had paid total instalments of $32.9 million; and the remaining commitments amounted to $130.6 million, of which $75.0 million is due in 2018 and $55.6 million is due in 2019.

As of March 31, 2018, Frontline had committed bank financing in place to partially finance the delivery of the Company’s remaining newbuildings. The Company estimates loan amounts of $55.3 million to be drawn in 2018 and $55.3 million to be drawn in 2019.

Stock Performance Snapshot

June 28, 2018 – At Thursday’s closing bell, Frontline’s stock declined 2.81%, ending the trading session at $5.87.

Volume traded for the day: 344.74 thousand shares.

Stock performance in the last month – up 12.02%; previous three-month period – up 32.51%; past twelve-month period – up 5.20%; and year-to-date – up 27.89%

After yesterday’s close, Frontline’s market cap was at $942.13 million.

The stock has a dividend yield of 10.22%.

The stock is part of the Services sector, categorized under the Shipping industry. This sector was up 0.4% at the end of the session.

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LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want access to our free earnings report on GameStop Corp. (NYSE: GME), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GME. The Company reported its first quarter fiscal 2018 operating and financial results on May 31, 2018. The video game retailer provided guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, GameStop’s total global sales decreased 5.5% to $1.93 billion compared to $2.05 billion in Q1 2017. The Company’s revenue numbers lagged analysts’ estimates of $1.96 billion.

During Q1 2018, GameStop’s consolidated comparable store sales fell 5.3% on a y-o-y basis, with a 2.6% drop in the US and 11.6% decline internationally.

During Q1 2018, GameStop’s gross margin declined 30 basis points (bps) to 34.0%, with an increase in Collectibles sales and margin which was more than offset by declines in tech brands sales and pre-owned sales and gross margin. The Company’s total operating earnings were $57.1 million in the reported quarter compared to $101.1 million in the prior year’s same quarter. On an adjusted basis, GameStop’s total Company operating earnings were $69.7 million compared to $108.4 million in Q1 2017.

GameStop’s GAAP net income was $28.2 million, or $0.28 per diluted share, in Q1 2018 compared to $59.0 million, or $0.58 per diluted share, in Q1 2017. The Company’s results for the reported quarter included store closure charges and other charges related to management changes of $12.6 million.

Excluding store closure and other charges, GameStop’s adjusted net income was $39.0 million, or $0.38 per diluted share, in Q1 2018 compared to $63.6 million, or $0.63 per diluted share, in Q1 2017. The Company’s earnings surpassed Wall Street’s estimates of $0.35 per share.

Segment Results

For Q1 2018, GameStop’s new hardware sales decreased 7.9% to $359.2 million, while its new software sales dropped 10.3% to $466.7 million on a y-o-y basis, with each of these categories impacted by the highly successful launch of the Nintendo Switch in Q1 2017. During the reported quarter, the Company’s software sales were further impacted by the strength of titles across platforms that launched in FY17.

GameStop’s pre-owned sales declined 5.8% to $495.7 million on a y-o-y basis in Q1 2018, while its worldwide omnichannel sales decreased 46.0% due to limited allocation of the Nintendo Switch at launch, which drove a 92.9% increase in omnichannel sales in Q1 2017.

During Q1 2018, GameStop’s digital sales and non-GAAP digital receipts increased 29.6% and 24.2%, respectively, excluding revenues from the Kongregate unit which was sold in July 2017. On a reported basis, the Company’s digital sales decreased 2.5% to $43.0 million, while its non-GAAP digital receipts advanced 16.2% to $273.7 million.

For Q1 2018, GameStop’s collectibles sales increased 24.4% to $142.4 million, driven by a continued expansion of licensed merchandise offerings and unique product offerings. The Company’s Technology Brands sales fell 16.1% to $169.0 million in the reported quarter, primarily due to less promotional activity and the overlap of the change in AT&T’s dealer compensation structure in FY17. The Company’s Technology Brands GAAP operating earnings were $9.8 million. The Company’s Technology Brands operating earnings, excluding store closure and other charges, were $11.2 million compared to $18.4 million in the prior year’s same quarter.

Cash Matters

GameStop ended Q1 2018 with $247 million in cash, which was a little less than last year, primarily due to the timing of vendor payments. The Company’s inventory was up 7%, or roughly $90 million, with the increase primarily attributable to hardware.

Outlook

For the full fiscal year 2018, GameStop is forecasting revenues to be in the range of down 6% and down 2%, with same-store sales ranging from down 5% to flat. The Company is expecting adjusted earnings per share to be in the band of $3.00 to $3.35.

Stock Performance Snapshot

June 28, 2018 – At Thursday’s closing bell, GameStop’s stock rose 1.92%, ending the trading session at $14.88.

Volume traded for the day: 1.72 million shares.

Stock performance in the last month – up 10.88%; and previous three-month period – up 17.91%

After yesterday’s close, GameStop’s market cap was at $1.53 billion.

Price to Earnings (P/E) ratio was at 33.07.

The stock has a dividend yield of 10.22%.

The stock is part of the Services sector, categorized under the Electronics Stores industry. This sector was up 0.4% at the end of the session.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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ReleaseID: 504075

LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want access to our free earnings report on Burlington Stores, Inc. (NYSE: BURL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BURL. The Company reported its first quarter fiscal 2018 operating and financial results on May 31, 2018. The discount retailer outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

For the 13-week period ended May 05, 2018, Burlington Stores’ sales increased 12.8% to $1.52 billion compared to $1.35 billion in the 13-week period ended May 06, 2017. The Company’s revenue numbers beat analysts’ estimates of $1.50 billion.

During Q1 FY18, Burlington Stores’ new and non-comparable stores contributed an incremental $82 million in sales. Accounting for the calendar shift from the 53rd week in FY17, the Company’s comparable store sales increased 4.8% in Q1 FY18 compared to Q1 FY17.

For Q1 FY18, Burlington Stores’ gross margin expanded by approximately 35 basis points (bps) to 41.2% on a y-o-y basis, driven primarily by an increased merchandise margin. The Company’s product sourcing costs, which is included in selling, general, and administrative expenses (SG&A), were approximately 5 bps higher as a percentage of sales versus Q1 FY17.

During Q1 FY18, Burlington Stores’ adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 21% to $165 million. The Company’s adjusted earnings before interest and taxes (EBIT) advanced 26% compared to $120 million in the prior year’s same period.

Burlington Stores’ net income increased 58% to $82.6 million, or $1.20 per share, in Q1 FY18 compared to $52.4 million, or $0.73 per share, in Q1 FY17. The Company’s adjusted earnings per share (EPS) soared 59% to $1.26 versus $0.79 in the year earlier comparable quarter. These improvements were driven primarily by top-line growth, expense leverage, share repurchases since the end of Q1 FY17, and lower tax rates. Burlington Stores’ earnings beat Wall Street’s estimates of $1.09 per share.

Since Q1 FY17, and through the end of Q1 FY18, Burlington Stores repurchased approximately 3 million shares of its common stock under its share repurchase program.

Inventory

During Q1 FY18, Burlington Stores’ merchandise inventories were $787 million compared to $726 million in Q1 FY17. The increase was primarily due to inventory related to 51 net new stores opened since the end of Q1 FY17, and an increase in pack and hold inventory, which was 27% of total inventory at the end of the reported quarter compared to 26% at the end of the year earlier corresponding quarter.

Share Repurchase Activities

During Q1 FY18, Burlington Stores invested $64 million of cash to repurchase 488,468 shares of its common stock. As of the end of the reported quarter, the Company had $153 million remaining on its current share repurchase authorization.

Outlook

For the full fiscal year 2018 ending February 02, 2019, Burlington Stores is forecasting total sales to increase in the range of 9.7% to 10.5%, assuming shifted comparable store sales to increase in the band of 2% to 3% for the balance of FY18, resulting in a full year shifted comparable store sales increase of 2.6% to 3.4%.

Burlington Stores is planning to open 35 to 40 net new stores, and invest a net capital expenditure of approximately $250 million. The Company is estimating adjusted EPS to be in the range of $5.90 to $6.00 compared to the previous outlook of $5.73 to $5.83.

For the second quarter of the fiscal year 2018 ending August 04, 2018, Burlington Stores is projecting total sales to grow in the band of 8% to 9%. The Company is expecting adjusted EPS to be in the range of $0.91 to $0.95.

Stock Performance Snapshot

June 28, 2018 – At Thursday’s closing bell, Burlington Stores’ stock was slightly up 0.89%, ending the trading session at $151.98.

Volume traded for the day: 697.02 thousand shares.

Stock performance in the last month – up 11.32%; previous three-month period – up 14.14%; past twelve-month period – up 65.94%; and year-to-date – up 23.53%

After yesterday’s close, Burlington Stores’ market cap was at $10.48 billion.

Price to Earnings (P/E) ratio was at 32.76.

The stock is part of the Services sector, categorized under the Discount, Variety Stores industry. This sector was up 0.4% at the end of the session.

Active-Investors:

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SOURCE: Active-Investors

ReleaseID: 504076

Stock Monitor: Danaos Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want access to our free earnings report on Golar LNG Ltd (NASDAQ: GLNG) (“Golar”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GLNG. The Company its reported financial results on May 31, 2018, for the first quarter of the fiscal year 2018, ended March 31, 2018. The Company surpassed analysts’ estimates for revenues in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Danaos Corporation (NYSE: DAC), which also belongs to the Services sector as the Company Golar LNG. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Golar LNG most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=GLNG

Earnings Highlights and Summary

For Q1 FY18, Golar’s total operating revenues reached $66.19 million, reflecting an increase of 163.60% from $25.11 million in Q1 FY17, due to improvements in higher rates and round-trip economics. The Company’s revenue numbers exceeded analysts’ consensus estimates of $60.5 million.

For the quarter under review, Golar’s time and voyage charter revenues advanced 258.61% to $45.63 million on a y-o-y basis; its time charter revenues (collaborative arrangement) jumped 97.41% to $14.48 million on a y-o-y basis; and its vessel and other management fees increased 20.32% to $6.08 million on a y-o-y basis.

Golar reported total operating expenses of $73.36 million in Q1 FY18, up 10.32% from $66.50 million in Q1 FY17. The Company’s vessel operating expenses increased to $18.42 million in Q1 FY18, due to additional crew, repairs and maintenance, and logistics expenses in respect of the recently-reactivated Golar Viking. However, Golar’s administrative expenses decreased to $14.02 million in Q1 FY18. The Company reported an operating income of $6.43million in the reported quarter compared to an operating loss of $41.39 million in the previous year’s same quarter. Besides, Golar had earnings before interest, tax, depreciation, and amortization (EBITDA) of $22.84 million in Q1 FY18, 17.82% higher than $19.38 million in Q1 FY17.

Golar had a net financial expense of $13.29 million in Q1 FY18 compared to $3.78 million in Q1 FY17. The Company’s net loss attributable to common shareholders was $21 million in the quarter ended March 31, 2018, versus a net loss of $65.84 million in the comparable period of last year.

Cash Matters

Golar had cash and cash equivalents of $172.38 million as on March 31, 2018, a decrease of 19.77% from $214.86 million as on December 31, 2017. The Company had a long-term debt of $1.10 billion as on March 31, 2018, up 7.06% from $1.03 billion as on December 31, 2017.

Golar’s cash inflow from operating activities was $31.24 million in the three months ended March 31, 2018, compared to a cash outflow of $14.50 million in the corresponding period of last year.

Golar paid $5.03 million in dividends in Q1 FY18 compared to $5.14 million in Q1 FY17. The Company spent $89.85 million on additions to assets under development and $43.40 million on addition to investment in affiliates in the reported quarter.

Stock Performance Snapshot

June 28, 2018 – At Thursday’s closing bell, Golar LNG’s stock marginally fell 0.61%, ending the trading session at $29.17.

Volume traded for the day: 838.32 thousand shares.

Stock performance in the previous three-month period – up 6.62%; and past twelve-month period – up 30.05%

After yesterday’s close, Golar LNG’s market cap was at $2.89 billion.

The stock has a dividend yield of 0.69%.

The stock is part of the Services sector, categorized under the Shipping industry. This sector was up 0.4% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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NOT AN OFFERING

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ReleaseID: 504077

LONDON, UK / ACCESSWIRE / June 29, 2018 / If you want access to our free research report on AstraZeneca PLC (NYSE: AZN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AZN as the Company’s latest news hit the wire. On June 27, 2018, the Company and Merck & Co., Inc. (NYSE: MRK) together announced encouraging results from the randomized, double-blinded, placebo-controlled, Phase-III SOLO-1 trial assessing LYNPARZA® (olaparib) tablets (300 mg twice daily) in BRCA-mutated (BRCAm) advanced ovarian cancer. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, AstraZeneca most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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SOLO-1 is a Phase-III randomized, double-blinded, placebo-controlled multi-center trial to evaluate the efficacy and safety of LYNPARZA® tablets as a 1st-line maintenance monotherapy compared to placebo, in patients with BRCAm advanced ovarian cancer.

LYNPARZA® Met Primary Endpoint of Progression-Free Survival Compared to Placebo

Women with BRCAm advanced ovarian cancer treated 1st-line with LYNPARZA® maintenance therapy had a statistically-significant and clinically-meaningful improvement in progression-free survival compared to placebo. The safety and tolerability profile of LYNPARZA® was consistent with previous trials. AstraZeneca and Merck plan to initiate discussions with health authorities regarding regulatory submissions.

SOLO-1 Data Reinforce the Importance of Knowing BRCA Status at Diagnosis

Sean Bohen, Executive Vice President, Global Medicines Development and Chief Medical Officer at AstraZeneca, stated that for the first time, the Company sees a significant and clinically-impactful improvement in progression-free survival in the 1st-line maintenance setting for women with BRCA-mutated ovarian cancer treated with a PARP inhibitor. Bohen added that the SOLO-1 data reinforces the importance of knowing BRCA status at diagnosis, as this may enable women with BRCA-mutated ovarian cancer to receive LYNPARZA® earlier.

PAOLA-1 Trial is testing LYNPARZA® in Combination with Bevacizumab as a Maintenance Treatment in Newly-Diagnosed Advanced Ovarian Cancer

LYNPARZA® is indicated for the maintenance treatment of recurrent ovarian cancer in response to platinum-based chemotherapy regardless of BRCA mutation status, and for the treatment of advanced ovarian cancer patients with a germline BRCA-mutation previously treated with three or more lines of chemotherapy. The ongoing GINECO/ENGOTov25 Phase-III trial, PAOLA-1, sponsored by ENGOT/GCIG, is testing the effect of LYNPARZA® in combination with bevacizumab as a 1st-line maintenance treatment in women with newly-diagnosed advanced ovarian cancer, regardless of their BRCA status. The results for the PAOLA-1 trial are expected in 2019.

About SOLO-1

The trial randomized 391 patients with a deleterious or suspected deleterious BRCA1 or BRCA2 mutation who were in clinical complete or partial response following platinum-based chemotherapy. Eligible patients were randomized (2:1) to receive LYNPARZA® 300 mg tablets twice daily or placebo tablets twice daily. The primary endpoint was progression free survival and secondary key endpoints, including time to second disease progression or death and overall survival.

About LYNPARZA® (Olaparib)

LYNPARZA® was the first-in-class PARP inhibitor and the first targeted treatment to potentially exploit DNA damage response (DDR) pathway deficiencies, such as BRCA mutations, to preferentially kill cancer cells. Specifically, in-vitro studies have shown that LYNPARZA®-induced cytotoxicity may involve the inhibition of PARP-enzymatic activity and an increased formation of PARP-DNA complexes, resulting in DNA damage and cancer cell death. LYNPARZA® is being tested in a range of DDR-deficient tumor types. LYNPARZA®, which is being jointly developed and commercialized by AstraZeneca and MSD, is approved for advanced ovarian cancer and metastatic breast cancer, and has been used in over 20,000 patients worldwide.

About AstraZeneca PLC

Founded in 1999 and headquartered in Cambridge, Cambridgeshire, AstraZeneca is a global, science-led biopharmaceutical organization that focuses on the discovery, development, and commercialization of prescription medicines. The Company focuses on three main therapy areas, namely: Oncology, Cardiovascular & Metabolic Disease (CVMD), and Respiratory.

Stock Performance Snapshot

June 28, 2018 – At Thursday’s closing bell, AstraZeneca’s stock advanced 1.01%, ending the trading session at $34.90.

Volume traded for the day: 2.88 million shares.

Stock performance in the previous six-month period – up 3.50%; past twelve-month period – up 1.60%; and year-to-date – up 0.58%

After yesterday’s close, AstraZeneca’s market cap was at $89.33 billion.

Price to Earnings (P/E) ratio was at 31.24.

The stock has a dividend yield of 4.01%.

The stock is part of the Healthcare sector, categorized under the Drug Manufacturers – Major industry. This sector was up 0.4% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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ReleaseID: 504078