On Thursday, Shares of QUALCOMM Incorporated (NASDAQ:QCOM), dropped -0.87% to $68.34.
QUALCOMM Incorporated, declared results for the second quarter of fiscal 2015 ended March 29, 2015.
Company’s cash, cash equivalents and marketable securities totaled $29.6 billion at the end of the second quarter of fiscal 2015, contrast to $32.1 billion a year ago and $31.6 billion at the end of the first quarter of fiscal 2015.
Return of Capital to Stockholders
During the second quarter of fiscal 2015, we returned $2.6 billion to stockholders, counting $1.9 billion through repurchases of 27.8 million shares of common stock and $689 million, or $0.42 per share, of cash dividends paid. On March 9, 2015, the company declared a new $15 billion stock repurchase program, counting their intention to repurchase $10 billion of common stock within 12 months, in addition to their current commitment to return a minimum of 75% of free cash flow to stockholders through stock repurchases and dividends. Since March 29, 2015, the company repurchased and stepped down 5.1 million shares of common stock for $345 million. On April 8, 2015, they declared a cash dividend of $0.48 per share payable on June 24, 2015 to stockholders of record as of the close of business on June 3, 2015, which represents a 14 percent enhance over their preceding quarterly dividend.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Shares of Yodlee, Inc. (NASDAQ:YDLE), declined -0.87% to $12.49, during its last trading session.
Yodlee, declared that it has planned a conference call to review its first quarter 2015 results (ended March 31, 2015) for Thursday, May 7, 2015 at 2:00 pm PT.
A replay of the call will be accessible, starting at about 5:00 pm PT on May 7, 2015 for two days, at 1-877-870-5176 or 1-858-384-5517, and archived via webcast at www.yodlee.com. The replay access code is 13606016.
Yodlee, Inc. operates a technology and applications platform that provides digital financial services in the cloud. The company’s platform, the Yodlee Financial Cloud, delivers a range of financial applications (FinApps) for the retail financial, wealth administration, small business, card, and other financial solutions sectors.
At the end of Thursday’s trade, Shares of Thermo Fisher Scientific, Inc. (NYSE:TMO), dwindled -0.87% to $129.55.
Thermo Fisher Scientific, stated its financial results for the first quarter of 2015, ended March 28, 2015.
First Quarter 2015 Highlights
- Grew adjusted earnings per share (EPS) by 7% to $1.63.
- Raised revenue to $3.92 billion.
- Expanded adjusted operating margin by 60 basis points to 21.9%.
- Strengthened technology leadership with a number of new products, highlighted by the Gemini handheld chemical analyzer, Q Exactive Focus mass spectrometer and the latest release of Sample Manager LIMS all launched at Pittcon, in addition to the new PDM3700 personal coal dust monitor, TSX ultralow-temperature freezer and the Ion Torrent AmpliSeq RNA Fusion panel.
- Expanded commercial capabilities to better penetrate analytical instrument markets in Asia by acquiring two channel partners covering Singapore, Malaysia and South Korea.
- Attained Advanced Scientifics, Inc. (ASI) for $300 million, adding complementary single-use systems and bioprocess equipment to provide customers with greater flexibility in vaccine and biotherapeutic drug production.
- Accomplished $500 million of share repurchases in January.
Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics worldwide.
Finally, The Coca-Cola Company (NYSE:KO), ended its last trade with -0.87% loss, and closed at $40.95.
The Coca-Cola Company, declared that it has taken additional steps toward the implementation of a 21st Century Beverage Partnership Model in the United States.
As part of this model, The Coca-Cola Company has agreed in principle with three U.S. bottlers to continue granting new, expanded territories. These bottlers are Coca-Cola Bottling Company High Country, Coca-Cola Bottling Company United and Swire Coca-Cola USA.
Additionally, The Coca-Cola Company has agreed in principle to the granting of expanded territories to four new expanding U.S. bottlers. These bottlers are Atlantic Coca-Cola Bottling Company, Chesterman Company, The Odom Corporation and Ozarks Coca-Cola Bottling Company.
Consistent with preceding transactions, in the newly granted territories The Coca-Cola Company and these bottlers will work collaboratively to implement key elements of this evolving U.S. operating model, counting:
- More rational and contiguous operating territories
- A grant of exclusive territory rights and the sale by Coca-Cola Refreshments (CCR) of distribution assets and cold drink equipment
- A finished goods model under which production assets will remain with CCR
- An improved, more integrated information technology platform
- A new beverage agreement that supports the evolving operating model.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
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