On Tuesday, Shares of Cree, Inc. (NASDAQ:CREE), gained 1.31% to $25.43.
Cree, declared the new XLamp XHP35 family of LEDs with 50 percent more light output than Cree’s previous highest-performing single-die LED, setting a new performance standard for the 3.5mm footprint. Built on Cree’s SC5 Technology™ platform, the XHP35 LED introduces Cree’s breakthrough high-voltage power die architecture, empowering manufacturers to unleash the full capacity of extreme high power LEDs using existing drivers. The new XHP35 LED delivers up to 1,833 lumens without the optical inefficiencies of a multi-die LED to enable new designs with reduced size and lower system costs.
“We’re excited that the XHP35 LED brings the performance of Cree’s Extreme High Power LEDs to the XP footprint,” said Jorge Fraile, CEO, Hispaled. “In addition to delivering an impressive amount of light, the XHP35 LED allows us to leverage existing drivers to achieve the full performance of Cree’s high power LEDs at lower drive currents.”
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally.
Shares of United Rentals, Inc. (NYSE:URI), inclined 0.38% to $82.32, during its last trading session.
United Rentals, will hold its second quarter 2015 conference call with Michael Kneeland, chief executive officer, William Plummer, chief financial officer, and Matt Flannery, chief operating officer, on Thursday, July 23, 2015, at 11:00 a.m. Eastern Time.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions.
At the end of Tuesday’s trade, Shares of Chubb Corp (NYSE:CB), gained 0.10% to $121.86.
Following the declaration on July 1, 2015 of the projected acquisition of The Chubb Corporation (CB) by ACE Limited (ACE), Chubb has elected to discontinue conference calls to talk about its quarterly and annual results pending the closing of the transaction. Chubb therefore is canceling its conference call to talk about second quarter 2015 financial results that had been planned for Thursday, July 23, 2015 at 5:00 p.m. E.T.
Chubb confirmed that it intends to issue a press release reporting its second quarter 2015 financial results on Thursday, July 23, after the close of the market.
The Chubb Corporation, through its auxiliaries, provides property and casualty insurance to businesses and individuals. It offers personal insurance products for homes, valuable articles, homeowners, automobiles, and yachts; and personal liability, and personal accident and supplemental health insurance products.
Finally, Allegheny Technologies Incorporated (NYSE:ATI), ended its last trade with -2.02% gain, and closed at $28.17.
Allegheny Technologies Incorporated, commented that, due primarily to challenging business conditions in its Flat Rolled Products business and further weakening in demand from the oil and gas market, it anticipates to report a net loss attributable to ATI of $16 to $18 million, or $(0.15) to $(0.17) per share, for the second quarter 2015.
ATI said its second quarter performance continued to be pressured by the ATI Flat Rolled Products segment, which recorded its sixth quarterly operating loss over the last eight quarters. Base-selling prices for standard stainless steel sheet products fell throughout the second quarter due primarily to a record surge of low-priced imports, primarily from China, and aggressive inventory reductions by distribution customers. In addition, product margins were pressured as raw material surcharges fell throughout the second quarter primarily due to lower prices for nickel units. Shipments of standard stainless products fell significantly, contrast to the first quarter 2015, as many customers reduced inventories throughout the quarter as base-selling prices and raw materials surcharges fell.
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products.
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