On Thursday, Shares of Inovalon Holdings, Inc. (NASDAQ:INOV), lost -4.99% to $23.44, hitting its lowest level.
Inovalon Holdings, declared that it successfully delivered nearly 100 cloud-based, SaaS EDGE server solution implementations for clients operating Qualified Health Plans (QHPs) under the Affordable Care Act (ACA) in 48 states ahead of the April 30th deadline for EDGE submissions to the Department of Health and Human Services (HHS).
Health plans that offer commercial coverage for individuals and small groups under the ACA are required to submit data pertaining to membership, medical encounters, pharmacy, and other information to the Department of Health and Human Services (HHS) on a regular basis. This data, presented into what is referred to as an EDGE server environment, is used by HHS to make risk adjustment and reinsurance calculations. Each plan is required to deploy and manage an EDGE server for such data submission under very strict technical specifications, with the data playing a key role in their financial performance calculations.
Inovalon Holdings, Inc., a technology company, provides advanced cloud-based data analytics and data-driven intervention platforms to the healthcare industry in the United States. Its platforms enable its clients to achieve meaningful insight and improvement in clinical and quality outcomes, utilization, and financial performance.
Shares of HollyFrontier Corporation (NYSE:HFC), gained 5.42% to $41.65, during its last trading session.
HollyFrontier Corporation, stated first quarter net income attributable to HollyFrontier stockholders of $226.9 million or $1.16 per diluted share for the quarter ended March 31, 2015, contrast to $152.1 million or $0.76 per diluted share for the quarter ended March 31, 2014.
For the first quarter, net income attributable to its stockholders raised by $74.8 million contrast to the same period of 2014, principally reflecting higher first quarter refining margins. Refinery gross margins were $16.69 per produced barrel, a 13% enhance contrast to $14.75 for the first quarter of 2014. Production levels averaged about 431,000 barrels per day (“BPD”) and crude oil charges averaged 417,000 BPD for the current quarter. Operating expenses for the quarter were $263.6 million or $5.87 per barrel contrast to $274.0 million or $6.29 per barrel for the first quarter of last year.
For the first quarter of 2015, net cash offered by operations totaled $246.9 million. During the period, the company declared $0.32 regular dividends to shareholders totaling about $62.0 million and repurchased $55.0 million in common stock under our Board-approved share repurchase program. At March 31, 2015, its combined balance of cash and short-term investments totaled $1.0 billion and our merged debt was $1.1 billion. Company’s debt, exclusive of Holly Energy Partners’ debt, which is nonrecourse to HollyFrontier, was $186.6 million at March 31, 2015. The company had no cash borrowings or outstanding principal under our credit facility during the quarter.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates in two segments, Refining and HEP. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt.
At the end of Thursday’s trade, Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM), lost -2.74% to $30.21.
Sprouts Farmers Market, stated results for its 13-week first quarter ended March 29, 2015.
First Quarter Highlights:
- Net sales of $857.5 million; a 19% enhance from the same period in 2014
- Comparable store sales growth of 4.8% and two-year comparable store sales growth of 17.6%
- Net income of $37.5 million and diluted earnings per share of $0.24
- Adjusted net income of $38.6 million; a 9% enhance from the same period in 2014
- Adjusted diluted earnings per share of $0.25; a 9% enhance from the same period in 2014
- Adjusted EBITDA of $84.3 million; a 9% enhance from the same period in 2014.
Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products.
Finally, 3D Systems Corporation (NYSE:DDD), ended its last trade with -3.36% loss, and closed at $22.13, hitting its lowest level.
3D Systems Corporation, declared that its popular SenseTM 3D scanners and the Cube(R) flagship consumer 3D printer are now accessible in 100 Best Buy stores nationwide and online at BestBuy.com.
The placement of 3DS’ core consumer products in select Best Buy retail locations enhances the availability of 3D printing to all consumers and is another step forward in the company’s continued efforts to democratize access of this transformative technology.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries.
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