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Monday 10 August 2015
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Pre-Market Stocks Recap: Gentex (NASDAQ:GNTX), Adobe Systems (NASDAQ:ADBE), Etsy (NASDAQ:ETSY), Flowserve (NYSE:FLS)

On Friday, Gentex Corporation (NASDAQ:GNTX)’s shares showed no change to $16.08.

Gentex Corporation (GNTX) the Zeeland, Michigan-based manufacturer of automotive automatic-dimming rearview mirrors, automotive electronics, dimmable aircraft windows, and fire protection products, recently stated financial results for the three months ended June 30, 2015.

For the second quarter of 2015, the Company is happy to report net sales of $379.3 million, which was an enhance of 12% contrast to net sales of $338.4 million in the second quarter of 2014. The Company’s continued growth in sales has been accomplished despite worldwide light vehicle production that declined 1% in the second quarter of 2015 in the Company’s primary markets as compared to the second quarter of 2014, in addition to foreign currency fluctuations that accounted for about 1% of revenue headwind during the second quarter of 2015.

Gentex Corporation designs, develops, manufactures, and markets automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide. The company offers automotive products, counting interior and exterior electrochromic automatic-dimming rearview mirrors; automotive electronics; and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

Adobe Systems Incorporated (NASDAQ:ADBE)’s shares gained 0.86% to $81.99.

Adobe (ADBE) declared the general availability of Adobe Digital Publishing Solution (DPS), the next generation of its groundbreaking Digital Publishing Suite, pioneering new ways for brands to deliver high-impact content to mobile apps. Using DPS, corporations, universities and media companies can easily repurpose existing content, empowering marketers and designers to create immersive apps, without writing code. These apps can be targeted at internal audiences or made accessible, through popular app stores, for the general public.

New Features Created for Marketers and Designers

  • Continuous Publishing. With capabilities to push fresh content live, readers now have more reasons to return frequently to DPS apps for fresh content and updates. DPS, as part of AEM Apps, offers brands seamless control over content. The solution integrates with other content administration systems, such as Drupal and WordPress, and HTML design tools from Adobe and others, all while still supporting InDesign CC based workflows.
  • Engaging Experiences. Apps created with Adobe DPS deliver high-impact content to audiences in a uniquely intuitive way. With the new collections feature, content is now grouped together and delivered to smartphones and tablets on iOS, Android and Windows. DPS also offers all of the app services needed to acquire and retain audiences, counting push notifications; in-app messaging; intuitive search and content discovery; and social network integration.

Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.

At the end of Friday’s trade, Etsy Inc (NASDAQ:ETSY)‘s shares dipped -1.70% to $20.84.

Etsy, Inc. (ETSY), a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods, recently declared that it will release its financial results for the second quarter of 2015 on Tuesday, August 4, 2015 in a press release after the market closes. Etsy will host a conference call to talk about those results at 5:30 p.m. Eastern Time on the same day.

Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, counting jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Company’s community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who assist its sellers grow their businesses and its employees who maintain its platform.

Flowserve Corp (NYSE:FLS), ended its Friday’s trading session with -0.13% loss, and closed at $46.99.

Flowserve Corporation (FLS), a leading provider of flow control products and services for the global infrastructure markets, recently stated Adjusted1 Earnings Per Share (EPS) of $0.80 for the 2015 second quarter, which comprises $0.06 per share of negative currency translation as contrast to last year, and excludes $0.24 per share of adjusted items. As formerly revealed, Flowserve’s 2015 Adjusted EPS calculation excludes the impact of the SIHI Group (“SIHI”) acquisition, which was accomplished on January 7, 2015, in addition to below-the-line foreign currency effects and specific one-time events, such as the 2015 realignment initiatives.

Second Quarter 2015 Summary (all comparisons as compared to preceding year quarter, unless otherwise noted):

  • Bookings were $1.12 billion, counting $61.5 million from SIHI.
    • Bookings raised 7.0% sequentially and comprised of about $636 million of original equipment and $479 million of aftermarket bookings.
    • Not taking into account SIHI’s contribution, bookings raised 11.3% sequentially and reduced 15.3% as contrast to preceding year on a constant currency basis.
  • Sales were $1.16 billion, counting $77.2 million from SIHI.
    • Aftermarket sales were $492 million, or about 42% of total sales.
    • Not taking into account SIHI’s contribution, aftermarket sales raised 1.5% constant currency.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, in addition to manufactures gas-lubricated mechanical seals used in high-speed compressors.

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This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

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.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




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