On Monday, Shares of Nokia Corporation (NYSE:NOK), lost -0.41% to $7.26.
The Finnish tech device company said it is acquiring the U.S.-based company Eden Rock Communications for an unrevealed amount in order to boost its multivendor SON radio optimization capabilities.
The company said the purchase “reaffirms its vision” of becoming the “vendor of choice” in this sector.
“The size of the optimization and SON market is predictable to exceed EUR 5 billion globally by 2018. With this combination of capabilities, we will effectively address a key customer pain point - automated optimization of heterogeneous networks in a multivendor environment,” Nokia Networks VP, CEM and OSS Peter Patomella said in a statement.
“By combining our products into one, we will accelerate the delivery of a compelling solution for this problem and provide best-in-class network performance and customer experience,” Patomella added.
The transaction is predictable to close during the 2015 third quarter.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
Shares of United Continental Holdings, Inc. (NYSE:UAL), inclined 3.15% to $56.31, during its last trading session.
Airline stocks rallied Monday after Southwest Airlines Co (NYSE: LUV) told Bloomberg it will scale back 2015 capacity growth and boost its aim for return on invested capital.
Southwest aims to enhance its capacity 7 percent this year, rather than the 8 percent aim it formerly forecast, Chief Executive Gary C. Kelly told Bloomberg in an interview.
Kelly also told Bloomberg that the company’s historic pretax aim of 15 percent a year is too low, and that a new target may be declared next month.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
At the end of Monday’s trade, Shares of Heron Therapeutics, Inc. (NASDAQ:HRTX), surged 23.33% to $24.37.
NSHOA Cancer Center and Heron Therapeutics, declared positive, top-line results from its recently accomplished Phase 3 MAGIC study. MAGIC evaluated the efficacy and safety of the Company’s 5-HT3 receptor antagonist product candidate SUSTOL® (granisetron injection, extended release) as part of a three-drug regimen with the intravenous (IV) neurokinin-1 (NK1) receptor antagonist fosaprepitant and the IV corticosteroid dexamethasone for the prevention of delayed-onset chemotherapy-induced nausea and vomiting (CINV) following administration of highly emetogenic chemotherapy (HEC) agents.
NSHOA Cancer Center had a major impact in the MAGIC study. Jeffrey Vacirca, M.D., was chosen to be Principal Investigator for the study for the entire country and NSHOA Cancer Center was one of the top enrollers in the United States. The study was conducted entirely in the U.S. and enrolled over 900 patients undergoing HEC treatment for various tumor types.
The study’s primary endpoint was achieved. The percentage of patients who achieved a Complete Response was significantly higher in the SUSTOL group than the comparator group.
Heron Therapeutics, Inc., a biotechnology company, develops products to address unmet medical needs using its proprietary Biochronomer polymer-based drug delivery platform in the United States.
Finally, American Eagle Outfitters, Inc. (NYSE:AEO), ended its last trade with -0.86% loss, and closed at $16.23.
American Eagle Outfitters, stated EPS of $0.15 for the first quarter ended May 2, 2015, a noteworthy enhance from EPS of $0.02 for the comparable quarter last year, and above EPS guidance of $0.09 to $0.12. The EPS figures refer to diluted earnings per share.
First Quarter 2015 Results
- Total net revenue raised 8% to $700 million from $646 million last year.
- Merged comparable sales raised 7%, contrast to a 10% decrease last year.
- Gross profit raised 16% to $262 million and rose 260 basis points to 37.5% as a rate to revenue. A reduction in the markdown rate led to about 290 basis points of merchandise margin expansion, which was partially offset by 30 basis points of buying, occupancy and warehousing deleverage.
- Selling, general and administrative expense of $185 million was flat to last year. As a rate to revenue, SG&A leveraged 210 basis points to 26.5% contrast to 28.6% last year. Our expense reduction initiatives offset enhances in incentive and variable selling expense, driven by strong sales performance.
- Operating income raised to $42 million from $8 million last year, and the operating margin expanded 470 basis points to 6.0% as a rate to revenue.
- Other income of $6 million is primarily comprised of currency gains related to cash held in Canadian dollars.
- EPS of $0.15, a noteworthy enhance from EPS of $0.02 last year.
American Eagle Outfitters, Inc. operates as a retailer of apparel and accessories in the United States and internationally. The company’s stores offers denims, pants, shorts, sweaters, fleece, outerwear, graphic T-shirts, footwear, and accessories for 15 to 25 year old men and women under the American Eagle Outfitters brand name; and intimates and personal care products for women the aerie brand name.
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