On Wednesday, Shares of JetBlue Airways Corporation (NASDAQ:JBLU), gained 0.04% to $24.88.
JetBlue, declared Detroit as the winner of its first-ever online #BookBattle. This was part of the airline’s award-winning Soar with Reading program. Since July, the public actively take partd in an online competition by casting their votes for one of five cities — Detroit, Houston, Fort Lauderdale, Los Angeles, and New York — to determine which community would receive 100,000 new children’s books. Nearly 1.3 million online votes were cast and Detroit beat out the other cities receiving 48 percent of the votes to bring books to children in its city who need them most. Books will be distributed in 2016.
The declaration comes after a recent survey found that 95 percent of American adults agree that children should have their own books at home. The survey also found that 85 percent of U.S. adults agree that access to age-appropriate books in communities cannot be offered by schools alone.
Last year, JetBlue commissioned a study with education expert Dr. Susan Neuman and discovered book deserts in communities across the country. Book deserts are found in communities where children and their families have little or no access to purchase age-appropriate books. Results from Dr. Neuman’s 2014 study show that in low-income communities, the majority of the children had limited access to purchase books to keep as compared to in middle income communities where access was plentiful. In Michigan’s Hamtramck neighborhood, there was only one age-appropriate book available for every 42 children, while in the University District there was only one book for every 11 children.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, Microchip Technology Inc. (NASDAQ:MCHP), ended its last trade with -0.30% loss, and closed at $44.37.
Microchip Technology Incorporated, narrowed the range and raised the mid-point of its preceding guidance for net sales and earnings per share for its fiscal second quarter of fiscal 2016 ending September 30, 2015. Microchip’s core business is tracking towards our original guidance while Micrel sales for the partial quarter are ahead of our original guidance. Microchip formerly offered guidance on August 3, 2015 for merged non-GAAP net sales to be between $532 million and $569 million with a mid- point of $550.5 million. Microchip now anticipates merged non-GAAP net sales to be between $545 million and $563 million with a mid-point of $554 million. Microchip now anticipates non-GAAP earnings per share to be between 60 and 66 cents per share. The original guidance for non-GAAP earning per share was between 58 and 66 cents per share.
“We have accomplished the repurchase of the 8.6 million shares of Microchip common stock that we issued in the Micrel acquisition. Together with upside in net sales and early expense reductions achieved, we expect Micrel now to be breakeven to our non-GAAP earnings per share for the quarter. We had earlier guided Micrel to be 1.5 cents dilutive to our September quarter results,” said Steve Sanghi, Microchip’s president and CEO.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
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