On Wednesday, Fiserv Inc (NASDAQ:FISV)’s shares inclined 1.55% to $84.11.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, declared recently that PBC Credit Union, based in West Palm Beach, Florida, has expanded its long-term relationship with Fiserv, upgrading its DataSafe® account processing platform and adding integrated digital solutions to enhance member services. The credit union added Mobiliti™ for mobile banking, Loancierge® for Credit Unions for automated lending, Wisdom™: Accounting for comprehensive accounting and Wisdom: 5300 Call Report Assistant for call report functionality.
The credit union has also renewed its commitment to the CheckFree® RXP® electronic bill payment solution and credit and debit processing from Fiserv.
Fiserv, Inc., together with its auxiliaries, provides financial services technology worldwide. The company’s Payments and Industry Products segment provides debit, credit, and prepaid card processing and services; electronic bill payment and presentment services; Internet and mobile banking software and services; person-to-person payment services; and other electronic payments software and services.
Finish Line Inc (NASDAQ:FINL)’s shares gained 1.58% to $28.26.
The Finish Line, Inc. (FINL) stated results for the thirteen weeks ended May 30, 2015.
For the thirteen weeks ended May 30, 2015:
- Merged net sales were $443.4 million, an enhance of 9.1% over the prior year period.
- Finish Line comparable store sales raised 5.5%.
- On a GAAP basis, diluted earnings per share raised to $0.30 from $0.25 in the prior year.
- Non-GAAP diluted earnings per share, which excludes the impact of impairment charges and store closing costs raised to $0.30 from $0.28 in the prior year.
\ Balance Sheet
As of May 30, 2015, merged merchandise inventories raised 9.6% to $323.3 million contrast to $295.0 million as of May 31, 2014.
The company repurchased 1.25 million shares of common stock in the first quarter, totaling $31.3 million. The company has 5.0 million shares remaining on its current Board authorized repurchase program.
As of May 30, 2015, the company had no interest-bearing debt and $82.2 million in cash and cash equivalents.
The Finish Line, Inc., together with its auxiliaries, operates as a specialty retailer of athletic shoes, apparel, and accessories in the United States. It operates Finish Line stores that offer athletic shoes, in addition to apparel and accessories for men, women, and kids. The company also operates Running Specialty stores offering men’s and women’s performance running shoes, in addition to an assortment of performance apparel and accessories.
At the end of Wednesday’s trade, AeroVironment, Inc. (NASDAQ:AVAV)‘s shares surged 11.43% to $29.06.
AeroVironment, Inc. (AVAV) stated financial results for its fourth quarter ended April 30, 2015.
FISCAL 2015 FOURTH QUARTER RESULTS
Revenue for the fourth quarter of fiscal 2015 was $86.5 million, up 18% from fourth quarter fiscal 2014 revenue of $73.5 million. The enhance in revenue resulted from raised sales in our Unmanned Aircraft Systems (UAS) segment of $18.7 million offset by a decrease in sales in our Efficient Energy Systems (EES) segment of $5.7 million.
Gross margin for the fourth quarter of fiscal 2015 was $45.4 million, up 50% from fourth quarter fiscal 2014 gross margin of $30.1 million. The enhance in gross margin was due to an enhance in product margin of $9.7 million and service margin of $5.5 million. As a percentage of revenue, gross margin raised to 52% from 41%.
Income from operations for the fourth quarter of fiscal 2015 was $7.5 million contrast to income from operations for the fourth quarter of fiscal 2014 of $6.9 million. The enhance in income from operations was a result of an enhance in gross margin of $15.2 million and a decrease in selling, general & administrative (SG&A) expense of $1.3 million, offset by an enhance in research and development (R&D) of $16.0 million.
Other expense, net, for the fourth quarter of fiscal 2015 was $0.5 million contrast to other income, net, for the fourth quarter of fiscal 2014 of $2.9 million. The decrease was primarily due to the fourth quarter of fiscal 2014 counting a $2.8 million enhance in fair value of the embedded conversion feature of our convertible bond investment. During the fourth quarter of fiscal 2015, we did not have any convertible bond investments.
AeroVironment, Inc. designs, develops, produces, supports, and operates unmanned aircraft systems (UAS), tactical missile systems, and efficient energy systems in the United States and internationally. It operates in two segments, Unmanned Aircraft Systems and Efficient Energy Systems. It offers small UAS that provides ISR and communications, counting real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator.
CME Group Inc (NASDAQ:CME), ended its Wednesday’s trading session with 0.70% gain, and closed at $93.71.
CME Group Inc (CME) the world’s leading and most diverse derivatives marketplace, and BarclayHedge recognized managed futures industry leaders at the fourth annual Managed Futures Pinnacle Awards last night. The ceremony featured live entertainment by Comedian Jay Mohr.
Cliff Asness, Managing and Founding Principal at AQR Capital Administration, won The Pinnacle Achievement Award. Prior to cofounding AQR Capital Administration, Asness was a managing director and director of quantitative research for the Asset Administration Division of Goldman, Sachs & Co. Cliff’s highly regarded research has offered value to investment professionals and has had an enormous impact on the financial services industry as a whole.
CME Group Inc., through its auxiliaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products for trading and/or clearing across various asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals. The products comprise exchange-traded; and privately negotiated futures and options contracts and swaps. The company executes trades through its electronic trading platforms, open outcry, and privately negotiated transactions, in addition to provides hosting, connectivity, and customer support for electronic trading through its co-location services.
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