On Tuesday, Shares of GoPro, Inc. (NASDAQ:GPRO), gained 4.05% to $47.02.
GoPro, declared financial results for its first quarter ended March 31, 2015.
Summary of First Quarter 2015 GAAP Results:
- Revenue of $363.1 million raised 54.0% contrast to $235.7 million in the first quarter of 2014
- Gross margin of 45.1% contrast to 40.9% in the first quarter of 2014
- Operating income of $22.3 million raised 34.5% contrast to $16.6 million in the first quarter of 2014
- Net income attributable to common stockholders of $16.8 million or $0.11 per diluted share raised 98.2% contrast to $8.5 million or $0.08 per diluted share in the first quarter of 2014
- Cash, cash equivalents and marketable securities of $491.9 million contrast to $422.3 million at December 31, 2014.
GoPro reports gross profit, operating expenses, operating income, net income and diluted net income per share in accordance with generally accepted accounting principles (GAAP) and on a non-GAAP basis. Non-GAAP net income excludes, where applicable, the effects of stock-based compensation, acquisition-related charges, and the tax impact of these items. Additionally, GoPro reports non-GAAP adjusted EBITDA.
GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of capture devices, such as cameras; premium accessories, counting battery BacPac, smart remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts compriseing of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, in addition to mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps.
At the end of Tuesday’s trade, Shares of Aspen Technology, Inc. (NASDAQ:AZPN), jumped 2.97% to $41.55.
Aspen Technology, declared financial results for its third quarter of fiscal year 2015, ended March 31, 2015.
Third Quarter Fiscal 2015 and Recent Business Highlights
- The license portion of total contract value was $2.03 billion at the end of the third quarter of fiscal 2015, which raised 13.2% contrast to the third quarter of fiscal 2014 and 3.1% sequentially.
- Total contract value, counting the value of bundled maintenance, was $2.41 billion at the end of the third quarter of fiscal 2015, which raised 14.1% contrast to the third quarter of fiscal 2014 and 3.2% sequentially.
- Annual spend, which the company defines as the annualized value of all term license and maintenance revenue contracts at the end of the quarter, was $411.6 million at the end of the third quarter of fiscal 2015, which raised 11.9% contrast to the third quarter of fiscal 2014 and 2.9% sequentially.
- GAAP operating margin was 37.5%, contrast to 30.3% in the third quarter of fiscal 2014. Non-GAAP operating margin was 43.7%, contrast to 38.6% in the third quarter of fiscal 2014.
- The company repurchased nearly three million shares of our common stock for $107.7 million in the third quarter of fiscal 2015.
Aspen Technology, Inc. provides software and services to the process industries worldwide. The company operates in two segments, Subscription and Software, and Services. It develops software that optimizes the design and operation of process manufacturing plants, and the administration of supply chains of energy and chemical companies.
FirstMerit Corporation (NASDAQ:FMER), ended its last trade with 2.71% gain, and closed at $19.30.
FirstMerit, stated first quarter 2015 net income of $57.1 million, or $0.33 per diluted share. This compares with $61.1 million, or $0.36 per diluted share, for the fourth quarter 2014 and $53.5 million, or $0.31 per diluted share, for the first quarter 2014.
Returns on average common equity (“ROE”) and average assets (“ROA”) for the first quarter 2015 were 8.08% and 0.93%, respectively, contrast with 8.50% and 0.98%, respectively, for the fourth quarter 2014 and 7.93% and 0.90%, respectively, for the first quarter 2014.
FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers.
Finally, Cheetah Mobile Inc. (NYSE:CMCM), closed at $24.10, with 2.64% gain.
Cheetah Mobile, declared that it will hold its annual general meeting of shareholders at Kingsoft Tower, No. 8 Lianshan Alley, Jingshan Road, Jida, Zhuhai, Guangdong, China, on May 20, 2015 at 2:00 p.m. (local time).
No proposal will be presented for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Company’s American Depositary Shares (“ADSs”) to talk about Company affairs with administration.
The Board of Directors of the Company has fixed the close of business on April 27, 2015 as the record date for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The companys suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats. Its mobile and PC applications for users comprise Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.
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