On Friday, Shares of Apple Inc. (NASDAQ:AAPL), lost -1% to $109.27.
Apple is hosting its annual splash on Wednesday to unveil a new version of its most-important product, the iPhone. The company has also used the occasion to update customers, analysts and investors on its performance and other products—and this year will probably be no different, according to Bloomberg.
Here are some of the main things to watch for when the event starts at San Francisco’s Bill Graham Civic Auditorium at 10 a.m. on Sept. 9.
iPhone Upgrades, Apps for Apple TV, Bigger iPad, Blocking Online Ads, and Investor Reaction.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of UTi Worldwide Inc. (NASDAQ:UTIW), declined -10.41% to $5.85, during its last trading session, hitting its lowest level.
UTi Worldwide stated financial results for its fiscal 2016 second quarter ended July 31, 2015.
Financial Results for Second Quarter Fiscal Year 2016
For the second quarter of fiscal year 2016, revenues reduced 16.5% to $913.9 million, contrast to $1,094.1 million for the preceding year period, while net revenues reduced 14.0% to $338.5 million, contrast to $393.7 million for the preceding year period. The decrease in net revenues was primarily related to lower air and ocean volumes in freight forwarding in addition to the strengthening of the U.S. dollar against the Euro and South African Rand contrast to the preceding year comparable period. On a constant currency basis, revenues and net revenues were down 8.8% and 5.4%, respectively. As we do every year in the second quarter, we performed an analysis on the value of our goodwill as of July 31, 2015. As a result, we determined that an impairment of goodwill had occurred in our freight-forwarding segment. Accordingly, we recorded a charge for this impairment of $50.0 million. The operating loss for the second quarter of fiscal 2016, inclusive of the goodwill impairment, was $61.2 million contrast to operating income of $1.0 million for the preceding year comparable period, primarily due to the goodwill impairment and lower freight forwarding net revenues. Earnings before interest, taxes, depreciation and amortization, not taking into account goodwill impairment and severance and other items, as set out in the reconciliation comprised with this press release (Adjusted EBITDA), for the second quarter of fiscal 2016 was $11.2 million contrast to $23.8 million for the preceding year period. Free cash flow (defined as cash flow from operations less capital expenditures) was $60.0 million for the second quarter contrast to negative $10.3 million for the preceding year period.
Contract Logistics and Distribution
Net revenues for Contract Logistics and Distribution reduced 7.4% to $197.7 million in the second quarter of fiscal 2016 contrast to $213.6 million in the preceding year period. On a constant currency basis, net revenues for Contract Logistics and Distribution raised 1.0%. Operating income was $15.5 million for the second quarter of fiscal 2016 contrast to $15.6 million for the same period last year. On a constant currency basis, operating income raised 8.8%.
UTi Worldwide Inc. operates as a non-asset-based supply chain services and solutions company. It operates through two segments, Freight Forwarding, and Contract Logistics and Distribution.
Finally, Yahoo! Inc. (NASDAQ:YHOO), ended its last trade with -2.95% loss, and closed at $31.58.
Aman S. Kothari, Yahoo Inc. senior vice president, global controller and chief accounting officer, is leaving on Sept. 11, the Internet Company said Friday in a filing. Upon Kothari’s departure, Chief Financial Officer Kenneth Goldman will serve as principal accounting officer, Yahoo said.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
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