On Tuesday, Discovery Communications Inc. (NASDAQ:DISCK)’s shares inclined 0.29% to $2775.
Discovery Communications, Inc. (DISCK) Reports Second Quarter 2015 Results
Second Quarter 2015 Financial Highlights:
- Revenues raised 3% to $1,654 million (raised 11% not taking into account currency effects)
- Adjusted OIBDA reduced 2% to $680 million (raised 6% not taking into account currency effects)
- Adjusted EPS reduced 16% to $0.49 (raised 4% not taking into account currency effects)
- Repurchased $207 million worth of stock
Second Quarter Results
Second quarter revenues of $1,654 million raised $44 million, or 3%, over the second quarter a year ago, led by 5% growth at U.S. Netoperates and 1% growth at International Netoperates. Adjusted Operating Income Before Depreciation and Amortization(1) (“OIBDA”) reduced 2% to $680 million, as 7% growth at U.S. Netoperates was more than offset by an 11% decline at International Netoperates and a small operating loss at Education and Other. Total Company revenues grew 11% and Adjusted OIBDA grew 6% not taking into account currency effects, as changes in foreign currency exchange rates reduced both second quarter revenue and Adjusted OIBDA growth by 8%. Not taking into account currency effects, the impact of Eurosport(2) and the consolidation of Discovery Family, total Company revenues raised 4% and Adjusted OIBDA raised 3%.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Netoperates; International Netoperates; and Education and Other segments. It owns and operates television netoperates under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
InvenSense Inc (NYSE:INVN)’s shares dropped -3.16% to $9.80.
InvenSense, Inc. (INVN) the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, recently declared results for its first quarter of fiscal year 2016, ended June 28, 2015.
Net revenue for the first quarter of fiscal 2016 was $106.3 million, up 7 percent from $99.3 million for the fourth quarter of fiscal 2015, and up 59 percent from $66.7 million for the first quarter of fiscal 2015.
Gross margin determined in accordance with U.S. generally accepted accounting principles (GAAP) was 42 percent for the first quarter of fiscal 2016, slightly down from 43 percent for the fourth quarter of fiscal 2015. GAAP gross margin for first quarter of fiscal 2016 comprised of stock-based compensation and related payroll taxes, and amortization of acquisition intangibles. Not taking into account these items, non-GAAP gross margin was 45 percent for the first quarter of fiscal 2016, slightly down from 46 percent for the fourth quarter of fiscal 2015.
InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics. The company delivers intelligent sensor system on chip (SoC) for motion and sound in consumer electronic devices, such as smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote controlled toys, and other household consumer and industrial devices.
At the end of Tuesday’s trade, Comerica Incorporated (NYSE:CMA)‘s shares surged 0.30% to $47.43.
Comerica Bank and RocketSpace declared the launch of a business pitch contest focused on financial technology for the wearables market. Comerica Bank is the presenting sponsor, providing the full prize amount of $50,000 for the winning pitch.
Applications will be accepted through September 16, 2015. The five finalists will be declared on September 30th. Those finalists will compete in a “live” pitch event will be held at RocketSpace, the largest and leading technology ecosystem in the San Francisco Bay Area on October 29, 2015. The judging panel will comprise of executives from Comerica Bank’s Technology and Life Sciences Division, RocketSpace, and leading VCs. The winner will walk away with a check for $50,000.
Comerica Incorporated, through its auxiliaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Administration. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash administration, capital market products, international trade finance, letters of credit, foreign exchange administration services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.
Francesca’s Holdings Corp (NASDAQ:FRAN), ended its Tuesday’s trading session with -8.52% loss, and closed at $10.31.
Francesca’s Holdings Corporation (FRAN) declared that Sei Jin Alt, Chief Merchandising Officer, will be resigning from the Company to spend more time with her family and pursue other interests. The Company has initiated a search for a new Chief Merchandising Officer. To facilitate a smooth transition, Ms. Alt will remain in her current role until November 20, 2015.
Francesca’s Holdings Corporation, through its auxiliaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35. The company’s apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry comprises necklaces, earrings, bracelets, and rings.
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