$ADS CEO Ed Heffernan said the company raised its 2016 and 3Q16 outlook, encouraged by the strong 2Q16 performance. $ADS said it raised its 2016 revenue outlook by 11% to $7.15Bil. The company expects core EPS of $16.85, up 12%. For 3Q16, the company expects revenue of $1.78Bil and $4.42 in core EPS, both representing a 12% increase from 3Q15.
For 2017, $ENDP expects US Generics base business revenue decline to be similar to 2016 or in the low 30% range. Generics segment sales are expected to decline in the high-single to low-double digit range. In US Generics business, $ENDP estimates to realize approx. $75MM in annual net savings and launch at least 20 products in 2017.
$EQIX agreed for the purchase of ICT-Center AG, Zurich's data center operating business in Zurich, Switzerland for less than $5MM. The agreement was signed on Feb. 1, 2017 and the acquisition is expected to close sometime in early April 2017.