On Thursday, Shares of Hertz Global Holdings, Inc. (NYSE:HTZ), lost -8.56% to $16.45, hitting its lowest level.
Hertz Global Holdings, declared that Jim Mueller has been designated Senior Vice President for International Sales, Marketing and Revenue Administration effective July 21, and will be based at Hertz’s international headquarters office outside of London. Mr. Mueller will report functionally to Jeffrey Foland, Senior Executive Vice President and Chief Revenue Officer, and operationally to Michel Taride, Group President, Rent a Car International.
Mr. Mueller will be responsible for Hertz Rent a Car international sales and marketing activity, revenue administration (pricing) and ancillary revenues. He joins Hertz as a senior-level international sales and marketing executive with extensive experience in the Asia/Pacific, Europe, Middle East, Africa and India regions most recently as Senior Vice President, Global Sales for Etihad Airways, and formerly holding international positions for United Airlines and Northwest/Delta Airlines.
Hertz Global Holdings, Inc., through its auxiliaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
Shares of Pandora Media, Inc. (NYSE:P), inclined 0.07% to $13.88, during its last trading session.
Pandora Media, declared financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Results
- Revenue: For the second quarter of 2015, total revenue was $285.6 million, a 30% year-over-year enhance. Advertising revenue was $230.9 million, a 30% year-over-year enhance. Subscription and other revenue was $54.6 million, a 31% year-over-year enhance.
- Adjusted EBITDA: For the second quarter of 2015, adjusted EBITDA was $16.3 million, a 29% year-over-year improvement. Adjusted EBITDA excludes $27.5 million in expense from stock-based compensation, $5.0 million of depreciation and amortization expense, $0.3 million of other income and $0.1 million of provision for income taxes.
- Cash and Investments: For the second quarter of 2015, the Company ended with $461.5 million in cash and investments, contrast to $481.3 million at the end of the preceding quarter. Cash used by operating activities was $9.9 million for the second quarter of 2015, contrast to $7.1 million used in operating activities in the same period of the preceding year.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
Finally, Alliance Fiber Optic Products Inc. (NASDAQ:AFOP), ended its last trade with 15.40% gain, and closed at $21.73, hitting its highest level.
Alliance Fiber Optic Products, stated its financial results for the second quarter ended June 30, 2015.
Revenues for the second quarter of 2015 were $25,045,000, a 16% enhance from revenues of $21,663,000 stated in the first quarter of 2015 and a 3% enhance from revenues of $24,199,000 stated in the second quarter of 2014.
Net income for the quarter ended June 30, 2015 was $5,040,000, or $0.28 per share, contrast to net income of $3,558,000, or $0.20 per share, for the first quarter of 2015, and net income of $3,782,000, or $0.20 per share, for the second quarter of 2014.
Non-GAAP net income for the quarter ended June 30, 2015 was $6,705,000, or $0.38 per share, contrast to non-GAAP net income of $5,222,000, or $0.29 per share, for the first quarter of 2015 and non-GAAP net income of $6,446,000, or $0.35 per share, for the second quarter of 2014.
Gross margin for the quarter ended June 30, 2015 raised to 42%, contrast to 41% in the first quarter of 2015 and 40% in the year ago quarter. Operating margin for the quarter ended June 30, 2015 was 27%, contrast to 25% in the first quarter of 2015 and 27% in the year ago quarter.
Alliance Fiber Optic Products, Inc. designs, manufactures, and markets various fiber optic components and integrated modules for communications equipment manufacturers and service providers in North America, Europe, and Asia.
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