During Wednesday’s Current trade, Shares of Cirrus Logic, Inc. (NASDAQ:CRUS), lost -0.03% to $29.31.
Cirrus Logic, Inc. ( CRUS), a leader in high-precision analog and digital signal processing components, recently posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the first quarter fiscal year 2016, which ended June 27, 2015, in addition to the company’s current business outlook.
“Q1 was a great quarter for Cirrus Logic. We delivered solid financial results as demand for our smart codecs and amplifiers pushed revenue above the high end of our guidance,” said Jason Rhode, president and chief executive officer. “FY16 looks to be an outstanding year with a noteworthyenhance in revenue being driven by new products. We expect strong demand for our audio and voice solutions to fuel additional growth in FY17.”
Stated Financial Results – First Quarter FY16
- Revenue of $282.6 million;
- GAAP and non-GAAP gross margin of about 47 percent;
- GAAP operating expenses of $82.5 million, which comprised of a one-time $12.5 million benefit from the sale of certain LED patents; non-GAAP operating expenses of $79.9 million; and
- GAAP diluted earnings per share of $0.50 and non-GAAP diluted earnings per share of $0.54.
Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits for a range of consumer and industrial markets. It offers audio products, counting codecs, analog-to-digital converters, digital-to-analog converters, active noise cancelling circuits, amplifiers, and micro-electromechanical system microphones, in addition to standalone digital signal processors.
Shares of Home Depot Inc (NYSE:HD), inclined 0.81% to $118.48, during its current trading session.
By purchasing a paper door for $2, our customers generously supported 182 Home Depot stores across Canada to raise $1,253,370 in 36 days, with the aim of putting an end to youth homelessness.
One hundred per cent of our customer donations support housing and life-skills development programs such as counselling, financial literacy, and employment preparation to give youth the practical tools they need to live to their full potential.
The Home Depot Canada Foundation match program means the top 10 fundraising communities based on top dollar sales and top sales as a percentage of transactions will receive a dollar-for-dollar match. This means:
- Bridging the Gap Halton in Milton, Ontario will receive $43,736
- Crisis Centre North Bay in North Bay, Ontario will receive $30,860
- Eva’s Initiatives for Homeless Youth in Toronto, Ontario will receive $50,548
- John Howard Society of Durham Region in Oshawa, Ontario will receive $34,312
- Ktunaxa Nation Council in Cranbrook, British Columbia will receive $20,104
- Maison Raymond Roy in Victoriaville, Quebec will receive $12,100
- Orillia Youth Centre in Orillia, Ontario will receive $34,908
- Our Place Peel in Etobicoke, Ontario will receive $55,860
- The Table Soup Kitchen Foundation in Huntsville, Ontario will receive $20,144
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.
Reynolds American, Inc. (NYSE:RAI), during its Wednesday’s current trading session gained 0.09% to $87.91.
Reynolds American Inc. (RAI) has issued the following press release: “Strong operating performance drives RAI’s 2Q15 results. Company declares: Dividend enhance, two-for-one stock split, raised full-year EPS guidance.”
Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names.
Finally, Glu Mobile Inc. (NASDAQ:GLUU), decreased -11.29%, to $5.03.
Glu Mobile Inc. (GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, recently declared planned participation in the following forthcoming conferences:
- Chief Operating Officer and Chief Financial Officer, Eric R. Ludwig, is planned to present at the Oppenheimer 18thAnnual Technology, Internet & Communications Conference in Boston, Mass. on Tuesday, August 11, 2015 at 4:25 p.m. Eastern time (1:25 p.m. Pacific time).
- Chief Operating Officer and Chief Financial Officer, Eric R. Ludwig, is planned to present at the Canaccord Genuity 35thAnnual Growth Conference in Boston, Mass. on Wednesday, August 12, 2015 at 3:30 p.m. Eastern time (12:30 p.m. Pacific time).
Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games. It creates games based on its own brands, counting Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, and Tap Sports: Baseball, in addition to based on third-party licensed brands, such as Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game. Glu Mobile Inc. markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide.
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