On Wednesday, Shares of Staples, Inc. (NASDAQ:SPLS), lost -1.58% to $16.15.
Staples, declared the results for its first quarter ended May 2, 2015. Total company sales for the first quarter of 2015 were $5.3 billion, a decrease of seven percent contrast to the first quarter of 2014. On a GAAP basis, the company stated net income of $59 million, or $0.09 per diluted share, contrast to net income of $96 million, or $0.15 per diluted share, achieved in the first quarter of 2014. First quarter 2015 results on a GAAP basis comprise pre-tax charges of $45 million related to restructuring and related activities, $22 million of impairment primarily related to certain information technology assets, $15 million related to the acquisition of Office Depot, and a pre-tax gain of about $3 million related to the sale of assets.
Total company sales declined less than one percent during the first quarter, not taking into account the impact of store closures in North America during the past year and changes in foreign exchange rates. Not taking into account the impact of charges taken during the first quarter of 2015, the company stated non-GAAP net income of $109 million, or $0.17 per diluted share.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations. The company offers a range of office supplies, business technology products and services, facility and breakroom supplies, computers and mobility products, and office furniture under the Staples, Quill, and other proprietary brands.
Shares of Tyson Foods, Inc. (NYSE:TSN), inclined 1.07% to $43.42, during its last trading session.
Executives from Tyson Foods, Inc. (TSN) told investors at the BMO Farm to Market conference that the company is plannedally diversified because it combines branded consumer products, commodity protein production and prepared foods and value-added chicken for the food service industry.
“Tyson Foods is in a preferred position and a unique position,” Donnie Smith, president and chief executive officer, said. “We have the protein consumers want to eat, and we have the #1 brands in those categories. We have the research and development expertise and consumer insights behind those #1 brands to keep driving innovation. We have the raw materials to make those innovative products, and we’re a food company that’s growing.”
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
At the end of Wednesday’s trade, Shares of Altria Group Inc (NYSE:MO), gained 0.04% to $51.80.
Altria Group, Inc. (Altria) (MO) held its 2015 Annual Meeting of Shareholders (Annual Meeting) recently. Altria’s Chairman, Chief Executive Officer and President, Marty Barrington, summarized Altria’s 2014 and first quarter 2015 operating and financial results and emphasized Altria’s focus on its people and work culture, commitment to communities and corporate responsibility initiatives.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
Finally, FireEye Inc (NASDAQ:FEYE), ended its last trade with 1.78% gain, and closed at $42.27.
FireEye, Inc., declared a planned alliance with ACE Group, a global property and casualty insurer. The relationship brings together expert technical insight from FireEye to assess an individual organization’s threat exposure, with ACE’s Loss Mitigation Services program, a multi-tier offering that assists organizations fully understand and mitigate their cyber security risk. Together, the companies will offer improved visibility into the cyber security preparedness of each client, allowing cyber insurance to be tailored specifically for their risk profile.
Today’s changing threat landscape makes it impossible for even the most security-conscious organization to guarantee they will not be the victim of a cyber attack. Traditional defenses are proving ineffective against increasingly sophisticated threat actors, making breaches inevitable. The current state of cyber security requires a dual focus by companies: enhance protection to reduce the likelihood of an attack; and insure themselves against the losses in the event that an attack is successful.
FireEye, Inc., together with its auxiliaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information.
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