On Thursday, Shares of Procter & Gamble Co (NYSE:PG), gained 0.82% to $71.48.
Cleveland Clinic is collaborating with Cleveland HeartLab and Procter & Gamble (PG) to develop and commercialize a diagnostic and administration solution for a heart disease biomarker discovered by researchers in Cleveland Clinic’s Lerner Research and Heart & Vascular Institutes.
As part of the collaboration, Cleveland HeartLab will develop a diagnostic test to measure blood levels of TMAO, or Trimethylamine-N-oxide, a substance produced by gut bacteria and that is linked to heart disease. Meanwhile, Cleveland Clinic researchers will work with Cincinnati-based P&G to develop an over-the-counter product that can assist people manage their TMAO levels.
In 2011, a research team led by Dr. Stanley Hazen, vice chair of translational research at the Lerner Research Institute, discovered that elevated blood levels of TMAO are linked to improved risk of heart attack, stroke, and death. Their studies also showed that TMAO directly contributes to the narrowing of artery walls through atherosclerotic plaque build-up. TMAO gets formed when a dietary nutrient called lecithin, which is most abundant in animal products rich in fat and cholesterol, gets metabolized by the natural bacterial flora in the gastrointestinal tract.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Shares of Autodesk, Inc. (NASDAQ:ADSK), inclined 1.77% to $50.00, during its last trading session.
Autodesk stated financial results for the second quarter of fiscal 2016. The company stated strong billings and deferred revenue growth.
Second Quarter Fiscal 2016
- Total billings raised 7 percent, contrast to the second quarter last year as stated, and 15 percent on a constant currency basis.
- Deferred revenue raised 26 percent to $1.2 billion, contrast to $981 million in the second quarter last year.
- Total subscriptions raised by about 61,000 from the first quarter of fiscal 2016. Total subscriptions were 2.39 million at the end of the second quarter.
- Revenue was $610 million, a decrease of 4 percent contrast to the second quarter last year as stated, and flat on a constant currency basis.
- GAAP operating margin was 1 percent, contrast to 8 percent in the second quarter last year.
- Non-GAAP operating margin was 11 percent, contrast to 18 percent in the second quarter last year. A reconciliation of GAAP to non-GAAP results is offered in the accompanying tables.
- GAAP diluted net loss per share was $(1.04). Please refer to the comment below regarding the non-cash GAAP tax charge recorded in the quarter. GAAP diluted net income per share was $0.13 in the second quarter last year.
- Non-GAAP diluted net income per share was $0.19, contrast to $0.35 in the second quarter last year.
- Cash flow from operating activities was $77 million, contrast to $96 million in the second quarter last year.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
Finally, Mentor Graphics Corp (NASDAQ:MENT), ended its last trade with 1.44% gain, and closed at $25.32.
Mentor Graphics Corporation declared financial results for the company’s fiscal second quarter ended July 31, 2015. The company stated revenues of $281.1 million, non-GAAP earnings per share of $0.36, and GAAP earnings per share of $0.26.
Revenue was an all-time second quarter record and Mentor exceeded non-GAAP earnings per share guidance for the 26 th successive quarter, said Walden C. Rhines, chairman and CEO. Customer need for raised amounts of software drove early renewal activity and the upside in the quarter. Demand was strongest in both Design to Silicon and Scalable Verification. During the quarter we added five new emulation customers, counting both a Top Ten chip company and a start-up.
During the quarter, the company declared Veloce Power Application software, which captures real power consumption during emulation and passes the information efficiently to power analysis tools. Mentor also declared its next-generation MicReD Industrial Power Tester, which now provides 1500 amp electronic component power cycling and thermal testing for up to 12 devices simultaneously, to benefit automotive, railway, power generation and renewable energy industries. The quarter also had a major new release of the Mentor Enterprise Verification Platform, with new levels of Questa performance and productivity in areas counting simulation, debug, and low-power verification.
Mentor Graphics Corporation provides electronic design automation software and hardware solutions to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software.
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