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Monday 17 August 2015
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Pre-Market Stocks Highlights: Medtronic (NYSE:MDT), XPO Logistics (NYSE:XPO), King Digital Entertainment (NYSE:KING), KB Home (NYSE:KBH)

On Friday, Medtronic PLC (NYSE:MDT)’s shares inclined 0.09% to $77.48.

Medtronic plc (MDT) declared the launch of its Entrust(TM) delivery system in the United States. The new Entrust delivery system enables physicians to place Medtronic`s EverFlex(TM) self-expanding peripheral stent, while maintaining a low profile and providing the ease of a one-handed device.

The Entrust delivery system deploys the EverFlex stent to re-open narrowed (stenotic) regions of the superficial femoral and proximal popliteal arteries that supply blood to the legs. Narrowing of these arteries is associated with a condition known as peripheral arterial disease (PAD), where plaque builds along lining of the arteries, blocking blood flow to the legs.

The Entrust delivery system provides control and precision with its 5 F triaxial delivery system and its distinctive combination of features, counting 0.035″ guidewire compatibility, longer catheter lengths, and a broad stent matrix. The Entrust delivery system uses the EverFlex stent, which has been clinically proven to be safe and effective in treating long, complex and highly calcified lesions.

Medtronic plc manufactures and sells device-based medical therapies worldwide. The company’s Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators, implantable cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, and peripheral vascular intervention products.

XPO Logistics Inc (NYSE:XPO)’s shares dropped -3.88% to $40.68.

XPO Logistics, Inc. (XPO) declared financial results for the second quarter of 2015, counting 22 days of financial performance from the operations of Norbert Dentressangle SA. Total gross revenue raised 109.3% year-over-year to $1.2 billion, and net revenue raised 317.2% to $508.6 million.

On a GAAP basis, the company stated a net loss of $78.8 million for the quarter, contrast with a net loss of $13.8 million for the same period in 2014. The net loss accessible to common shareholders was $75.1 million, or a loss of $0.89 per diluted share, contrast with a net loss accessible to common shareholders of $14.5 million, or a loss of $0.28 per diluted share, for the same period in 2014.

On an adjusted basis, the net loss accessible to common shareholders, a non-GAAP measure, was $13.6 million, or a loss of $0.16 per share for the quarter, not taking into account the items detailed below. This compares with an adjusted net loss accessible to common shareholders of $11.6 million, or a loss of $0.22 per share, for the second quarter of 2014.

XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics. The Transportation segment provides truckload, less-than truckload and intermodal brokerage, and last-mile delivery logistics services under the brands XPO Logistics, XPO Last Mile, and Pacer; and time-critical, time-sensitive, or high preceding freight shipment services under the brand names XPO Express, XPO NLM, and XPO Air Charter.

At the end of Friday’s trade, King Digital Entertainment PLC (NYSE:KING)‘s shares surged 2.40% to $15.36.

Discover a new island and a new way of life! King Digital Entertainment plc (KING), a leading interactive entertainment company for the mobile world and the creator of the Candy Crush franchise, will transport players to a tropical island paradise as it launches its first simulation game, Paradise Bay. Accessible to download for free on iOS recently and coming to Android soon, players will embark on an exciting journey of exploration and discovery as they build and customize their very own tropical paradise and return the island to its earlier days of flourishing prosperity and booming business.

King Digital Entertainment plc, an interactive entertainment company, produces and distributes digital games on multiple platforms in the United States, the United Kingdom, Germany, and internationally. The company primarily provides Candy Crush Saga, Candy Crush Soda Saga, Farm Heroes Saga, Pet Rescue Saga, and Bubble Witch 2 Saga games.

KB Home (NYSE:KBH), ended its Friday’s trading session with -0.59% loss, and closed at $15.07.

KB Home (KBH), one of the nation’s largest and most recognized homebuilders, declared the grand opening of Falcon Landing, a new neighborhood of attractively-priced homes on the growing Culebra Road corridor, featuring great community amenities and abundant nearby outdoor recreation destinations.

Located near Loop 1604 and Highway 151, Falcon Landing’s proximity to Medina Lake and Government Canyon State Natural Area provides terrific access to a variety of outdoor activities, counting boating and hiking. The community itself has several planned amenities, such as a swimming pool, a children’s playscape and a picnic pavilion. There will also be a private park that is predictable to open in 2016.

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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