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Saturday 15 August 2015
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Friday’s Trade News Buzz on: XPO Logistics (NYSE:XPO), Gogo (NASDAQ:GOGO), Adeptus Health (NYSE:ADPT), Rackspace Hosting, (NYSE:RAX)

On Friday, XPO Logistics Inc (NYSE:XPO)’s shares declined -0.52% to $43.88.

XPO Logistics, Inc. (XPO) declared that the President of the Paris Commercial Court has granted, at XPO`s request, an injunction barring Elliott Capital Advisors L.P. and its related funds (collectively “Elliott”) from transferring their recently attained equity interest in Norbert Dentressangle SA (“ND”) to any third party other than XPO.

The injunction was issued on the basis of evidence showing that Elliott has accumulated its interest in ND through deceptive means that are in violation of applicable disclosure and tender offer regulations. The expedited proceeding brought by XPO in the Paris Commercial Court constitutes a first step in the proceedings that XPO will take to sanction Elliott`s illicit scheme.

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 preceding freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.

Gogo Inc (NASDAQ:GOGO)’s shares dropped -4.40% to $18.48.

Gogo Inc. (GOGO), a leading global aero communications service provider, declared that it will release the results for its second quarter ended June 30, 2015 before the market open on August 6th, 2015. The company will host its quarterly earnings conference call the same day at 8:30 a.m. (ET).

Gogo Inc., through its auxiliaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The Commercial Aviation North America segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally start and end within North America.

At the end of Friday’s trade, Adeptus Health Inc (NYSE:ADPT)‘s shares surged 3.85% to $109.25.

Adeptus Health Inc. (ADPT) the largest operator of freestanding emergency rooms in the U.S., declared its results for the second quarter ended June 30, 2015. All comparisons comprised of in this release are for the same period in the preceding year, unless otherwise noted.

Second Quarter 2015 Highlights:

  • Systemwide net patient services revenue was $104.5 million as compared to $44.2 million in preceding year, an enhance of 136%;
  • Net operating revenue was $89.6 million as compared to $44.2 million in preceding year, an enhance of 103%;
  • Adjusted EBITDA was $22.9 million as compared to $5.9 million in preceding year, an enhance of 286%;
  • Adjusted earnings per share was $0.44 and GAAP earnings per share was $0.97
  • Net income attributable to Adeptus Health Inc. was $10.6 million;
  • Cash flow from operating activities was $13.0 million as compared to $0.3 million in preceding year; and
  • The Company opened six freestanding facilities during the second quarter 2015.

Adeptus Health Inc. owns and operates a network of independent freestanding emergency rooms in the United States. As of December 31, 2014, it operated 55 facilities located in the Houston, Dallas/Fort Worth, San Antonio, Austin, Colorado Springs, Denver, and Phoenix. The company was founded in 2002 and is based in Lewisville, Texas.

Rackspace Hosting, Inc. (NYSE:RAX), ended its Friday’s trading session with -1.57% loss, and closed at $35.13.

Rackspace® (RAX), the #1 managed cloud company, will declare its second quarter 2015 financial results on Monday, August 10, 2015 starting at 4:30 p.m. ET, 3:30 p.m. CT, 1:30 p.m. PT.

Taylor Rhodes, president and chief executive officer, and Karl Pichler, chief financial officer, will host the call.

Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet.

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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.

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