On Tuesday, Shares of Great Basin Scientific Inc (NASDAQ:GBSN), lost -3.61% to $0.160.
Great Basin Scientific, declared that President and CEO Ryan Ashton and CFO Jeffrey Rona will speak at three forthcoming investment conferences in New York City, counting:
- SeeThru Equity Fall Microcap Investor Conference on September 10 at 10:00 am E.T.
Great Basin Scientific, Inc., a molecular diagnostic testing company, doing business as Great Basin Corporation, develops and commercializes molecular diagnostic systems that are designed to test hospital-attained infections.
Shares of Motorola Solutions Inc (NYSE:MSI), inclined 4.99% to $69.62, during its last trading session.
Motorola Solutions, declared the expansion of its managed services agreement supporting Forestal Mininco’s mission-critical communications system. The system improves employee safety and security, operational efficiency and Forestal Mininco’s impact on the environment.
The system supports a number of Motorola Solutions’ high-tech innovations, such as the TETRA messaging application, which enables lighthouse keepers to deliver weather data, such as air humidity, wind, and rainfall, from radios in the forest to the dispatch center. The data is then analyzed to generate forecasts and statistics, predict the behavior of fires and used to develop action plans.
“As the operations of Forestal Mininco are very diverse and carried out in a rugged landscape, they need to be coordinated. We had to keep improving the technology deployed some years ago. In order to extend coverage, we were looking to seamlessly cover the area between Regions 7 – 9. In addition, thanks to Motorola Solutions technology, we have been improving our communications, which will enable us to enhance operational efficiency and safety,” said Luis Rodriguez, administration manager at Forestal Mininco.
Motorola Solutions, Inc. provides mission-critical communication infrastructure, devices, software, and services in North America, Latin America, the Asia Pacific, the Middle East, Europe, and Africa.
Finally, Dollar Tree, Inc. (NASDAQ:DLTR), ended its last trade with 1.03% gain, and closed at $68.79.
Dollar Tree, stated results for its second fiscal quarter ended August 1, 2015.
Second Quarter Results
Net sales raised 48.3% to $3.01 billion from $2.03 billion in the preceding year’s second quarter. The improvement was the result of $811.6 million in sales from the Family Dollar segment since closing on the acquisition, and a same-store sales improvement of 2.7% on a constant currency basis for the Dollar Tree segment. Same-store sales raised 4.5% in the preceding-year period for the Dollar Tree segment. Adjusted for the impact of Canadian currency fluctuations, the same-store sales improvement was 2.4%. The positive same-store sales were driven by improvements in customer count and average ticket.
Gross profit raised by $161.1 million, or 23.2%, to $855.2 million in the second quarter contrast to $694.1 million in the preceding year’s second quarter. The dollar improvement was primarily driven by $105.9 million of gross profit for Family Dollar in addition to higher sales at Dollar Tree. As a percent of sales, gross margin reduced to 28.4% contrast to 34.2% in the preceding year. The primary contributors to the decrease were $60 million of markdown expense for Family Dollar related to SKU rationalization and planned liquidations, $11.1 million for Family Dollar related to the amortization of the stepped up inventory basis and the impact of the overall lower-margin product mix for the Family Dollar business.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which comprises candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food.
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