On Wednesday, Shares of Fitbit Inc. (NYSE:FIT), gained 3.92% to $51.64, hitting its highest level.
Fitbit declared financial results for its second quarter ended June 30, 2015.
Second Quarter 2015 and Recent Fitbit Highlights
- Sold 4.5 million connected health and fitness devices in the second quarter of 2015
- International revenue raised 250% year-over-year for the second quarter of 2015, driven by EMEA and APAC year-over-year revenue growth of 301% and 292%, respectively, for the second quarter of 2015
- Released an update to the Fitbit Surge, enabling GPS bike tracking
- Redesigned Fitbit mobile experience, counting the visual redesign of the daily activity graphs for iPhone, Android and Windows Phones
- Expanded partnership with Tory Burch
- Teamed up with Kellogg’s, showcasing Fitbit Flex on 20 million packages nationwide
- Reached Corporate Wellness agreements with Geico, Sutter Health, Transunion, Quicken Loans, and several financial institutions. To date, we have signed over 50 of the Fortune 500 companies to our Corporate Wellness offerings.
Fitbit Inc. provides wearable fitness-tracking devices worldwide. The company makes both wrist bands and clippable devices that monitor a user’s fitness activity by tracking the calories burned or distance covered.
Shares of Trimble Navigation Limited (NASDAQ:TRMB), declined -16.06% to $19.18, during its last trading session, hitting its lowest level.
Trimble Navigation Limited declared financial results for the second quarter of 2015.
Second Quarter 2015 Financial Summary
Second quarter 2015 revenue of $585.8 million was down 9 percent as contrast to the second quarter of 2014. Engineering and Construction revenue was $338.5 million, down 8 percent. Field Solutions revenue was $87.1 million, down 24 percent. Mobile Solutions revenue was $128.3 million, up 4 percent. Advanced Devices revenue was $31.9 million, down 13 percent. Foreign currency translation unfavorably influenced company revenue by about 4 percent as contrast to the second quarter of 2014.
GAAP operating income was $36.0 million, down 63 percent as contrast to the second quarter of 2014. GAAP operating margin was 6.1 percent of revenue as contrast to 15.1 percent of revenue in the second quarter of 2014.
GAAP net income was $25.9 million, down 67 percent as contrast to the second quarter of 2014. Diluted GAAP earnings per share were $0.10 as contrast to diluted GAAP earnings per share of $0.29 in the second quarter of 2014.
Non-GAAP operating income of $97.1 million was down 35 percent as contrast to the second quarter of 2014. Non-GAAP operating margin was 16.6 percent of revenue as contrast to 23.2 percent of revenue in the second quarter of 2014.
Non-GAAP net income of $74.0 million was down 39 percent as contrast to the second quarter of 2014. Diluted non-GAAP earnings per share were $0.28 as contrast to diluted non-GAAP earnings per share of $0.45 in the second quarter of 2014.
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software.
Finally, Turquoise Hill Resources Ltd. (NYSE:TRQ), ended its last trade with -3.59% loss, and closed at $3.22.
Turquoise Hill Resources declared its financial results for the quarter ended June 30, 2015.
HIGHLIGHTS
- On May 18, 2015, the Oyu Tolgoi Underground Mine Development and Financing Plan was signed addressing key outstanding shareholder matters and setting out long-term funding of the project.
- Following signing of the Underground Mine Development and Financing Plan, Turquoise Hill and Rio Tinto are advancing project financing and updating the underground feasibility study.
- Oyu Tolgoi achieved a solid safety performance with an All Injury Frequency Rate of 0.22 per 200,000 hours worked for the first half of 2015.
- Oyu Tolgoi recorded revenue of $421.3 million in Q2’15 on sales of 189,800 tonnes of concentrate, a 1.2% reduction over Q1’15 reflecting lower gold prices partially offset by higher concentrate sales.
- Turquoise Hill stated income from ongoing operations attributable to shareholders of $49.9 million.
- Turquoise Hill generated operating cash flow of $239.2 million during Q2’15.
- Concentrate production for Q2’15 raised 64.6% over Q1’15 due to a 20.1% enhance in concentrator throughput and higher head grades.
- In Q2’15, Oyu Tolgoi delivered record-setting concentrate production and throughput.
- Copper and gold in concentrates for Q2’15 raised 64.6% and 176.7% respectively over Q1’15.
- Oyu Tolgoi began accessing higher-grade material in Q2’15 and mining and processing of higher-grade ore is predictable to continue into the second half of 2015.
- Turquoise Hill continues to expect Oyu Tolgoi to produce 175,000 to 195,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates in 2015.
- On July 9, 2015, Oyu Tolgoi marked the second anniversary of its first shipment of concentrate.
- Turquoise Hill’s cash and cash equivalents at June 30, 2015 were $1.2 billion.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012.
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