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Monday 31 August 2015
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News Buzz - Endo International, (NASDAQ:ENDP), Cree, Inc. (NASDAQ:CREE), Hain Celestial Group Inc (NASDAQ:HAIN), Solera Holdings Inc (NYSE:SLH)

On Wednesday, Shares of Endo International, (NASDAQ:ENDP), gained 4.50% to $76.38.

Endo International plc, stated second quarter 2015 financial results, counting:

  • Revenues of $735 million, a 24 percent enhance contrast to second quarter 2014 revenues of $593 million, counting new product revenue from 2014 and 2015 planned M&A transactions.
  • Stated loss from ongoing operations of $91 million contrast to second quarter 2014 stated income from ongoing operations of $41 million.
  • Adjusted income from ongoing operations of $204 million, a 39 percent enhance contrast to second quarter 2014 adjusted income from ongoing operations of $147 million.
  • Stated diluted loss per share from ongoing operations of $0.49 contrast to second quarter 2014 stated diluted earnings per share from ongoing operations of $0.25.
  • Adjusted diluted earnings per share from ongoing operations of $1.08 contrast to second quarter 2014 adjusted diluted earnings per share from ongoing operations of $0.89.
  • Adjusted diluted shares for the second quarter 2015 comprise the weighted average of about 28 million shares issued in June 2015 as part of the financing to fund the pending acquisition of Par Pharmaceutical. Adjusted diluted earnings per share for the second quarter 2015 not taking into account the effect of these additional shares would have been $1.12.

Endo International plc, a specialty healthcare company, focuses on branded and generic pharmaceuticals and devices worldwide. It operates through four segments: U.S. Branded Pharmaceuticals, U.S. Generic Pharmaceuticals, Devices, and International Pharmaceuticals.

Shares of Cree, Inc. (NASDAQ:CREE), inclined 0.86% to $25.66, during its last trading session.

When San Diego Community College District (SDCCD) was searching for energy efficient LED lighting for its campus, it chose Cree LED lighting to achieve a superior light experience with integrated control capabilities while saving money on energy and maintenance. Using Cree’s high-performing LED lighting with SmartCast Technology, SDCCD upgraded its administrative offices with intelligent light while demonstrating a strong return on investment, consuming up to 75 percent less energy and generating over $80K of rebates for instant savings.

“Inefficient lighting costs us a lot of money per month on electricity and labor,” said Mark Doubleday, senior planner, energy systems and facilities maintenance for SDCCD. “While we’ve tripled our campus footprint, we have not tripled our manpower or budgets, so we have to be smarter. Cree’s LED lighting and integrated SmartCast Technology gives us a better light experience while delivering unprecedented savings.”

As part of the upgrade to the administrative offices, SDCCD installed Cree CR Series troffers with SmartCast Technology, delivering exceptional lighting performance and essential lighting control without the complex design, installation, and set-up of traditional lighting control systems. Featuring Cree’s innovative OneButton™ Setup, luminaires enabled with SmartCast Technology create their own secure network, learn about their environment and form groups to maximize savings, all with the push of a single button. SmartCast Technology eliminates additional design, wires, and set up time often associated with control systems to provide the simplest system accessible. Exterior campus lighting also received a refresh with the installation of Cree Edge™ area, security, and high output flood lights, creating well-lit spaces that enhance safety.

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally.

At the end of Wednesday’s trade, Shares of Hain Celestial Group Inc (NASDAQ:HAIN), gained 1.63% to $60.48.

The Hain Celestial Group, declared for the third year in a row it had been named to Fortune’s 100 Fastest-Growing Companies in America list for 2015. Fortune cited Hain Celestial as a “Packaged-food company—brands comprise Almond Dream, Terra, and Celestial Seasonings—keeps riding the trend toward products with a ‘natural’ aura.” In conjunction with this year’s list, Irwin D. Simon, Founder, President and Chief Executive Officer, was recently interviewed by Leigh Gallagher, Assistant Managing Editor, and Host of Fortune Live, accessible at Fortune.com.

Fortune’s methodology comprises companies that have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2015. Companies that meet these criteria are ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2015. Hain Celestial’s three-year annual growth rate for EPS was 23% and revenue was 26%, with a total return of 34%.

“Once again Hain Celestial’s growth has merited ranking as one of Fortune’s 100 Fastest Growing Companies, now for the third year in a row. This is a tremendous accomplishment for the Company and well-deserved recognition as a Fortune 1000 company,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. “I am grateful to have the opportunity to share this with our supportive employees and shareholders.”

The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products comprise infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola bars, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurt; chilies and packaged grains; and chocolates and nut butters, in addition to plant-based beverages and frozen desserts, such as soy, rice, almond, and coconut.

Finally, Solera Holdings Inc (NYSE:SLH), ended its last trade with 5.49% gain, and closed at $44.00.

Solera Holdings stated results for the fourth quarter and fiscal year.

Results for the Fourth Quarter and Fiscal Year Ended June 30, 2015:

GAAP Results

  • Revenue for fiscal year 2015 was $1,140.8 million, a 15.6% enhance over the preceding fiscal year revenue of $987.3 million. On a constant currency basis, revenue for fiscal year 2015 raised by about 22.6% over the preceding fiscal year revenue;
  • Revenue for the fourth quarter was $297.1 million, a 10.9% enhance over the preceding year fourth quarter revenue of $267.9 million. On a constant currency basis, revenue for the fourth quarter raised by about 22.5% over the preceding year fourth quarter revenue;
  • For fiscal year 2015, we stated a net loss attributable to Solera Holdings, Inc. of $100.8 million, as contrast to the preceding fiscal year net loss attributable to Solera Holdings, Inc. of $8.7 million. The net loss stated for fiscal years 2015 and 2014 is due to certain non-recurring charges as described below;
  • Net loss attributable to Solera Holdings, Inc. for the fourth quarter was $146.8 million, as contrast to the preceding year fourth quarter net income attributable to Solera Holdings, Inc. of $8.8 million. The net loss stated for the fourth quarter is due to certain non-recurring charges incurred as described below;
  • For fiscal year 2015, we stated a diluted net loss attributable to Solera Holdings, Inc. per common share of $1.50, as contrast to the preceding fiscal year diluted net loss attributable to Solera Holdings, Inc. per common share of $0.13. The diluted net loss per common share stated for fiscal years 2015 and 2014 is due to the net losses stated for the same periods.
  • Diluted net loss attributable to Solera Holdings, Inc. per common share for the fourth quarter was $2.19, as contrast to the preceding year fourth quarter diluted net income attributable to Solera Holdings, Inc. per common share of $0.13. The diluted net loss per common share stated for the fourth quarter is due to the net loss stated for the same period.

Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households. The company offers estimating and workflow software that manages the overall claims process, estimates the cost to repair a damaged vehicle, and calculates the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that connects buyers and sellers through an electronic auction network.

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