On Thursday, Shares of Noble Energy, Inc (NYSE:NBL), lost -0.43% to $30.21.
Noble Energy, Inc, oble Energy, Inc. (“Noble Energy”) (NYSE: NBL) continues to work diligently with the government of Israel to address matters necessary to facilitate the development of its world class discoveries at Tamar and Leviathan and ensure a stable investment climate. David L. Stover, Noble Energy’s Chairman, President and CEO, commented:
“Under the leadership of the Prime Minister and the Minister of Energy and Water Resources, a regulatory framework meeting these objectives has been overwhelmingly approved by the Israeli cabinet and yesterday was presented to the Knesset. It is imperative that the government of Israel follow through on this approved framework without further delay. Noble Energy remains fully prepared, and is well positioned, to take the actions necessary to protect the value of its assets.”
“Regional demand supports the further development of our world class Tamar and Leviathan fields. Noble Energy continues its ongoing negotiations with natural gas customers throughout the region, and yesterday the government of Egypt publicly reiterated its support for the import of gas from Israel for both domestic and LNG export purposes. We are confident that the quality of our Israel assets, extensive appraisal and planning efforts, and proven track record of project execution and operating performance position us well to supply natural gas to the substantially underserved regional market.”
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Its principal projects are located in onshore DJ Basin and Marcellus Shale, the United States; the deepwater Gulf of Mexico; offshore West Africa; and offshore Eastern Mediterranean.
Shares of Viacom, Inc (NASDAQ:VIAB), inclined 3.38% to $43.15, during its last trading session.
MTV, a unit of Viacom (NASDAQ:VIAB, VIA), stated recently that the 2015 “MTV Video Music Awards” has generated more than 73 million views to date across platforms, inclusive of video viewing across television, MTV.com and the MTV App, and social platforms counting Facebook and Twitter. Through Tuesday, September 1, the 2015 MTV VMA had recorded 41 million videos streams – up 55% over last year – across MTV’s digital platforms, Twitter, and Facebook.*
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content. It operates in two segments, Media Networks and Filmed Entertainment.
Finally, OmniVision Technologies, Inc (NASDAQ:OVTI), ended its last trade with 1.54% gain, and closed at $25.05.
OmniVision Technologies, Inc, stated financial results for the first quarter of fiscal 2016 that ended on July 31, 2015.
Revenues for the first quarter of fiscal 2016 were $329.9 million, as contrast to $285.9 million in the fourth quarter of fiscal 2015, and $406.5 million in the first quarter of fiscal 2015. GAAP net income in the first quarter of fiscal 2016 was $18.2 million, or $0.31 per diluted share, as contrast to net income of $6.0 million, or $0.10 per diluted share in the fourth quarter of fiscal 2015, and $45.3 million, or $0.78 per diluted share in the first quarter of fiscal 2015. For the first quarter of fiscal 2016, the Company recorded a non-cash tax benefit of $3.1 million, as contrast to $15.1 million for the first quarter of fiscal 2015. These tax benefits reflected the lapses of applicable statute of limitations in certain foreign jurisdictions.
Non-GAAP net income in the first quarter of fiscal 2016 was $28.6 million, or $0.46 per diluted share. Non-GAAP net income in the fourth quarter of fiscal 2015 was $13.9 million, or $0.22 per diluted share. Non-GAAP net income in the first quarter of fiscal 2015 was $54.4 million, or $0.91 per diluted share. Non-GAAP net income excludes stock-based compensation expenses and the related tax effects. Please refer to the attached plan for a reconciliation of GAAP net income to non-GAAP net income for the three months ended July 31, 2015, July 31, 2014 and April 30, 2015.
GAAP gross margin for the first quarter of fiscal 2016 was 22.6%, as contrast to 22.4% for the fourth quarter of fiscal 2015 and 21.7% for the first quarter of fiscal 2015. The sequential improvement in the first quarter gross margin reflected a decrease in allowance for excess and obsolete inventories, largely offset by selling price erosions.
The Company ended the period with cash, cash equivalents and short-term investments totaling $593.8 million, an improvement of $69.6 million from the previous quarter. The improvement was primarily attributable to cash offered by operating activities in the first quarter of fiscal 2016.
“We are happy with our results for the first quarter. We are encouraged by the sequential growth that we practiced in our mobile phones and automotive markets,” said Shaw Hong, chief executive officer of OmniVision Technologies, Inc. “Nevertheless, in the near-term, the business environment and demand from some of our end-markets will remain volatile. We will continue to drive our long-term business strategies as we aim to resume our growth trajectory in the long-term.”
OmniVision Technologies, Inc. designs, develops, manufactures, and markets semiconductor image-sensor devices worldwide. The company’s principal products comprise CameraChip image sensors, which capture an image electronically and are used in various consumer and commercial mass-market applications; and CameraCubeChip imaging devices that are image sensors with integrated wafer-level optics.
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