On Friday, Shares of BlackBerry Ltd (NASDAQ:BBRY), gained 4.28% to $6.34.
BlackBerry Limited, stated financial results for the three months ended August 29, 2015 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
Q2 Highlights
- Non-GAAP software and services revenue of $74 million, a 19% improvement over Q2 FY15 driven by 33% growth in software licensing revenue
- Positive free cash flow of $100 million in the quarter
- Cash and investments balance of $3.35 billion at the end of the fiscal quarter, an improvement of $37 million over Q1 FY16 after using $47 million on share repurchases
- Non-GAAP loss of ($0.13) per share, basic GAAP earnings of $0.10 per share
- Non-GAAP operating loss of ($84) million, with GAAP operating income of $33 million
- Non-GAAP gross margin of 40.9% and GAAP gross margin of 37.8%
- Adjusted EBITDA of $68 million
- After the close of the quarter, BlackBerry closed the acquisition of AtHoc and declared a contract to acquire Good Technology
- Recently, the company also confirmed plans to launch a flagship handheld device that will run on the Android operating system with BlackBerry security
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Shares of XPO Logistics Inc (NYSE:XPO), inclined 2.82% to $27.38, during its last trading session.
XPO Logistics’ Chief Executive Bradley Jacobs said he isn’t getting too worked up over a “wipeout” his company’s stock practiced after announcing a $3 billion acquisition of trucking firm Con-way Inc. earlier this month, according to WSJ.
The Con-way deal, declared Sept. 9, quickly raised investor concerns. The company’s stock fell abruptly and has continued to slide as investors have become increasingly wary of acquisitions in recent weeks.
Speaking in a “town hall” session at the annual conference of the Council of Supply Chain Administration Professionals here Tuesday, Mr. Jacobs said, “This is one of those times when companies with our profile, our background, our business plan are out of favor.” He added: “I’m a big boy, I can take that.”
In the long term, Mr. Jacobs said he is confident the acquisition will bring value to the combined company. He believes XPO got a good deal on Con-way and that it will be able to quickly trim costs for the trucking firm by bringing much of its “back office” operations in house. WSJ Reports
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high priority freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.
At the end of Friday’s trade, Shares of Centurylink Inc (NYSE:CTL), gained 0.20% to $24.65.
CenturyLink, is connecting teachers with technology for the classroom. The CenturyLink Clarke M. Williams Foundation’s Teachers and Technology grant program opened its application process Oct. 1 for teachers in CenturyLink’s local service areas who want to innovatively implement technology in their classrooms to improvement student achievement.
Full-time PreK-12 classroom teachers in public or private schools in CenturyLink local service areas are eligible to apply. Visit www.fsrequests.com/CenturyLinkGrant to apply for a grant of up to $5,000. The deadline for applications is noon Central, Jan. 12, 2016.
The program, launched in 2008, has awarded more than $5 million in grants to bring technology to classrooms across the county. The Foundation will continue its commitment to schools by awarding $1.4 million in grants to support technology in the classroom through its 2015-2016 Teachers and Technology program.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
Finally, Brookdale Senior Living, Inc. (NYSE:BKD), ended its last trade with 4.72% gain, and closed at $24.85.
Brookdale Senior Living, declared that its Board of Directors has designated Daniel A. Decker as a Class I director and as the Non-Executive Chairman of the Board, effective October 1, 2015. Mr. Decker will fill the vacancy on the Board resulting from the recent passing of Granger Cobb.
Mr. Decker has been investing in the senior living industry for more than 20 years. During that period, he has been involved in the investment, through one private and four public companies, of about $2.5 billion of assets across a spectrum of independent living, assisted living, memory care, and skilled nursing communities and operations. His recent investments comprise joining with KKR and Beecken Petty O’Keefe & Company to acquire the operations of Sunrise Senior Living in 2013. During his career, Mr. Decker has served on the boards of several REITs and senior housing companies, counting Omega Healthcare Investors, Inc. (where he served as Executive Chairman and then as Chairman of the Board), Sentio Healthcare Properties, Inc., Health Care REIT, Inc. and Forum Group, Inc.
Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Ongoing Care Retirement Communities (CCRCs)Rental, Brookdale Ancillary Services, and Administration Services.
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