During Friday’s Afternoon trade, Shares of TiVo Inc.(NASDAQ:TIVO), lost -1.61% to $8.85.
TiVo Inc. ( TIVO) declared that it will release financial results for the second quarter ended August 31, 2015 after market close on Tuesday, September 8, 2015.
TiVo will host a conference call and webcast to talk about the second quarter financial and operating results in addition to guidance outlook for the third quarter at 2:00 pm PT (5:00 pm ET) on the same day. To listen to the talk aboution, please visit www.tivo.com/ir and click on the link offered for the webcast. The webcast will be archived and accessible through September 22, 2015.
TiVo Inc. provides television software services and cloud-based software-as-a-service solutions that enable to view video content through various screens. It offers whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling.
Shares of Verisign, Inc.(NASDAQ:VRSN), declined -1.66% to $67.10, during its Afternoon trading session.
VeriSign, Inc. (VRSN), a global leader in domain names and Internet security, declared that the upside trigger on its 3.25% junior subordinated convertible debentures due 2037 (CUSIP Nos. 92343EAD4 and 92343EAC6) (the “Notes”) has been met for the six-month interest payment period from Aug. 15, 2015, to Feb. 14, 2016. As a result, contingent interest will be paid on the Notes for that six-month interest payment period. Contingent interest of about $6.5 million on the $1.25 billion outstanding principal amount of the Notes, or about $5.2356 per $1,000 principal amount of the Notes, will be paid on Feb. 15, 2016, to the holders of record as of Feb. 1, 2016.
VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, in addition to the back-end systems for .gov, .jobs, .edu domain names, and others. Its registry services allow individuals and organizations to establish their online identities. \
Krispy Kreme Doughnuts(NYSE:KKD), during its Friday’s Afternoon trading session decreased -0.58% to $17.20.
Krispy Kreme Doughnuts (KKD) stated financial results for the first quarter of fiscal 2016, ended May 3, 2015 and updated its adjusted EPS outlook for fiscal 2016 (ending January 31, 2016) to a range of $0.80 to $0.85.
First Quarter Fiscal 2016 Highlights Contrast to the Year-Ago Period:
- Systemwide store count rose 17.3% since the first quarter of last year to 1,003 Company and franchise shops worldwide
- Systemwide domestic same store sales rose 5.2%, counting a 4.3% gain at Company Stores; constant currency international franchise same store sales declined 1.7%
- Revenues raised 9.0% to $132.5 million from $121.6 million
- Operating income rose 6.8% to $17.3 million from $16.2 million
- Net income rose 10.5% to $10.7 million ($0.16 per share) contrast to $9.7 million ($0.14 per share) in the first quarter last year
First Quarter Fiscal 2016 Segment Results
Company Stores revenues raised 12.8% to $90.7 million in the first quarter of fiscal 2016, driven by a 24.9% enhance in retail sales as store operating weeks raised 18.9% and same store sales rose 4.3%. The Company opened two new factory shops in the first quarter. Company Stores segment operating income raised $2.7 million to $16.8 million from $12.7 million contrast to last year driven by the Company Stores contribution margin increasing from 15.8% to 18.5% of sales. The margin enhance primarily resulted from positive retail same store sales growth in addition to the Company’s more planned use of promotional incentives.
Domestic Franchise revenues raised 6.0% to $3.7 million, principally driven by higher royalties. Total sales by domestic franchisees rose 4.6%, and same store sales at Domestic Franchise shops raised 5.8%. The Domestic Franchise segment generated operating income of $2.1 million contrast to $2.2 million in the first quarter last year.
Krispy Kreme Doughnuts, Inc., together with its auxiliaries, operates as a branded retailer and wholesaler of doughnuts, beverages, and treats and packaged sweets. The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain. It owns and franchises Krispy Kreme stores. As of June 10, 2015, the company had about 1,000 Krispy Kreme shops worldwide.
Finally, Corporate Office Properties Trust (NYSE:OFC), decreased -2.20%, to $20.47.
Corporate Office Properties Trust (OFC) has agreed to acquire 100 Light Street and its 560-space structured parking garage, 30 Light Street (together, “100 Light” or the “Transamerica Building”) in downtown Baltimore for $121.0 million. The 37-story office building contains 549,300 rentable square feet and, at June 30, 2015, was 94% leased to credit-worthy tenants, the largest three of which are Transamerica Life Insurance Company (28% of the building), Miles & Stockbridge (21%) and Ober | Kaler (17%). Located at the corner of Light and Pratt Streets – “Main & Main” in the Pratt Street Corridor – 100 Light is the tallest building in the state of Maryland.
The Company is under contract to acquire 100 Light from Lexington Realty Trust (LXP) and anticipates to complete the transaction in August of this year. The $121.0 million purchase price comprises COPT assuming the property’s $55.0 million mortgage loan, which bears interest at a fixed rate of 4.32% and matures in June 2023.
Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, administration, and leasing of suburban office properties. As of December 31, 2005, the company’s portfolio comprised of 165 office properties; 14 wholly owned office properties under construction or development; and land parcels totaling 311 acres. As of the above date, the company, through joint ventures, owned 18 operating properties, 2 office properties, and land parcels totaling 138 acres.
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