During Friday’s Current trade, Shares of Solaredge Technologies Inc (NASDAQ:SEDG), gain 4.00% to $28.35.
SolarEdge Technologies, Inc. (SEDG) declared its financial results for the fiscal fourth quarter and year ended June 30, 2015.
Fourth Quarter and Full Fiscal Year 2015 Highlights
- Record revenue for fiscal Q4 2015 of $98.4 million, up 13.9% from the preceding quarter and 120.8% from fiscal Q4 2014. Record revenue for fiscal year 2015 of $325.1 million, representing a 144.0% year-over-year growth
- GAAP gross margin of 28.7% for fiscal Q4 2015 and 25.2% for fiscal year 2015
- GAAP net income for fiscal Q4 2015 of $9.3 million, and net income for fiscal year 2015 of $21.1 million
- Non-GAAP net income for fiscal Q4 2015 of $13.8 million and net income for fiscal year 2015 of $29.4 million
SolarEdge Technologies, Inc. manufactures and supplies DC optimized inverter systems for solar PV installations. The company’s DC optimized inverter system comprises of power optimizers, inverters, and cloud-based monitoring software. Its products are used in a range of solar market segments, counting residential solar installations, and commercial and small utility-scale solar installations.
Shares of Glu Mobile Inc. (NASDAQ:GLUU), inclined 0.86% to $4.70, during its current trading session.
Glu Mobile Inc. (GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, recently declared the availability of Tap Sports Football on the App Store and Google Play. Football fans build and manage a team of professional players, make planned decisions and compete against friends. Branded with the likeness of star quarterback Drew Brees, Tap Sports Football features all active players through Glu’s partnership with the National Football League Players Association (NFLPA).
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.
U.S. Bancorp (NYSE:USB), during its Friday’s current trading session gained 0.24% to $45.18.
U.S. Bancorp (USB) and Zions Bank (ZION) declare a renewable-energy tax-equity syndication agreement that will provide financing for the Red Horse 2 wind and solar project near Tucson, Arizona, owned by an associate of D. E. Shaw Renewable Investments L.L.C.
U.S. Bancorp launched its new renewable-energy investment syndication earlier this year, allowing first-time and practiced investors to take part in the renewable-energy tax-equity market. With this agreement, Zions Bank is co-investing with U.S. Bancorp and benefitting from U.S. Bancorp’s underwriting, structuring, and ongoing asset administration.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, MRC Global Inc (NYSE:MRC), gained 1.73%, to $12.96.
MRC Global Inc. (MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, declared second quarter 2015 results.
The company’s sales were $1.198 billion for the second quarter of 2015, which were 20% lower than the second quarter of 2014 and 7.3% lower than the first quarter of 2015. The decline was driven primarily by reduced activity in the upstream sector. Sales were also negatively influenced by the strengthening of the U.S. dollar, which reduced stated sales by $40.8 million. Net income accessible to common stockholders, which is net income less dividends attributable to preferred stockholders, for the second quarter of 2015 was $15.0 million, or $0.15 per diluted share, contrast to $39.3 million, or $0.38 per diluted share for the second quarter of 2014. Adjusted net income accessible to common stockholders, adjusted for certain severance, restructuring and finance charges for the second quarter of 2015, was $23.0 million, or $0.22 per diluted share, contrast to $42.9 million, or $0.42 per diluted share for the second quarter of 2014. Please refer to the reconciliation of adjusted net income accessible to common stockholders (a non‑GAAP measure) to net income accessible to common stockholders (a GAAP measure) in this release.
MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, in addition to steam and instrumentation products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
