On Friday, in the course of current trade, Shares of Skechers USA Inc (NYSE:SKX), dropped -1.12%, and is now trading at $152.44.
Skechers USA, declared financial results for the second quarter ended June 30, 2015.
Second quarter 2015 net sales were $800.5 million contrast to $587.1 million for the second quarter of 2014. Gross profit for the second quarter of 2015 was $374.6 million, or 46.8 percent of net sales, contrast to $269.4 million, or 45.9 percent of net sales, for the second quarter of last year. Earnings from operations for the second quarter of 2015 were $112.3 million, or 14.0 percent of net sales, contrast to net earnings from operations of $53.8 million, or 9.2 percent of net sales for the second quarter of 2014.
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, in addition to performance footwear for men and women under the Skechers GO brand name.
During an Afternoon trade, Shares of Level 3 Communications, Inc. (NYSE:LVLT), dipped -0.71%, and is now trading at $48.74.
Level 3 Communications, has been awarded a contract with the Commonwealth of Pennsylvania, to expand its current Master IT Services Invitation to Qualify (ITQ) program contract to comprise security, network and telecommunications services. These services are in addition to the existing consulting services awarded under a previous master contract. The ITQ program contract allows Level 3 to bid on business opportunities issued by the Commonwealth.
The ITQ program, launched in 2003, is a statewide, multiple-award contracting initiative that provides agencies a fast and efficient way to procure IT services from pre-qualified vendors, through COSTARS, the Commonwealth’s cooperative purchasing program. Under the agreement, Level 3 is pre-qualified in 10 service categories. The contract became effective July 21, 2015.
Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa.
Shares of United Rentals, Inc. (NYSE:URI), during its Friday’s current trading session fell -2.33%, and is now trading at $64.15.
United Rentals, declared that it will take part in the Jefferies 2015 Industrials Conference on Tuesday, August 11, 2015. The conference will comprise a presentation by Michael Kneeland, chief executive officer, and William Plummer, chief financial officer.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions.
Finally, ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), lost -13.36% Friday.
ACADIA Pharmaceuticals, declared its unaudited financial results for the second quarter ended June 30, 2015.
ACADIA stated a net loss of $39.4 million, or $0.39 per common share, for the second quarter of 2015 contrast to a net loss of $21.5 million, or $0.22 per common share, for the second quarter of 2014. Net losses for the second quarters of 2015 and 2014 comprised of $7.5 million and $4.3 million, respectively, in non-cash stock-based compensation expense. For the six months ended June 30, 2015, ACADIA stated a net loss of $79.8 million, or $0.80 per common share, contrast to a net loss of $39.3 million, or $0.41 per common share, for the comparable period of 2014. Net losses for the six-month periods ended June 30, 2015 and 2014 comprised of $22.0 million and $7.5 million, respectively, in non-cash, stock-based compensation expense. At June 30, 2015, ACADIA’s cash, cash equivalents and investment securities totaled $270.8 million, contrast to $322.5 million at December 31, 2014.
ACADIA Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of small molecule drugs that address unmet medical needs in neurological and related central nervous system disorders.
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