On Wednesday, Shares of Verisk Analytics, Inc. (NASDAQ:VRSK), gained 5.80% to $76.85, hitting its highest level.
Verisk Analytics, declared results for the fiscal quarter ended March 31, 2015.
Expenses and EBITDA
- Cost of revenue from ongoing operations raised 8.6% contrast with first-quarter 2014. The year-over-year enhance is largely due to investments in people and data in support of the growth of the business, particularly in Decision Analytics. The acquisition of Maplecroft contributed to the expense growth.
- Selling, general, and administrative expense, or SG&A, from ongoing operations raised 2.1% in the quarter. Operating leverage was offset by about $4.4 million of fees related to the Wood Mackenzie acquisition.
- Income from ongoing operations raised 16.9% to $98.7 million. Total EBITDA from ongoing operations raised 18.3%.
- The 28.9% enhance in Decision Analytics EBITDA to $115.3 million was the result of growth in the business and improved operations, particularly at Verisk Health.
- The first-quarter 2015 EBITDA in Risk Assessment raised 8.2% to $101.0 million as a result of revenue growth and good expense administration, counting lower people-related costs following the fourth-quarter talent realignment.
Verisk Analytics, Inc. provides information about risk to professionals in insurance, healthcare, financial services, government, supply chain, and risk administration in the United States and internationally.
At the end of Wednesday’s trade, Shares of Glu Mobile, Inc. (NASDAQ:GLUU), jumped 5.68% to $5.40.
Glu Mobile, declared financial results for its first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights:
- Total GAAP revenue was $69.5 million in the first quarter of 2015 contrast to $44.6 million in the first quarter of 2014. Total non-GAAP revenue was $62.4 million in the first quarter of 2015, an enhance of 33% contrast to $47.0 million in the first quarter of 2014. Non-GAAP revenue excludes changes in deferred revenue.
- GAAP gross margin was 59% in the first quarter of 2015 contrast to 69% in the first quarter of 2014. Non-GAAP gross margin was 63% in the first quarter of 2015 contrast to 69% in the first quarter of 2014. Non-GAAP gross margin excludes changes in deferred revenue, change in deferred cost of revenues, amortization of intangible assets and non-cash warrant expense.
- GAAP operating income was $2.5 million in the first quarter of 2015 contrast to income of $0.7 million in the first quarter of 2014.
- Non-GAAP operating income was $3.2 million in the first quarter of 2015 contrast to $5.8 million during the first quarter of 2014. Non-GAAP operating income excludes changes in deferred revenues and deferred cost of revenues, amortization of intangible assets, non-cash warrant expense, stock-based compensation expense, restructuring charges, change in fair value of the Blammo earnout, and transitional costs.
Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games.
HRG Group, Inc. (NYSE:HRG), ended its last trade with 5.48% gain, and closed at $13.08.
HRG Group, declared that its majority owned partner, Spectrum Brands, has agreed to acquire Armored AutoGroup Parent Inc., the leader in the US automotive aftermarket appearance category.
Spectrum anticipates to finance the $1.4 billion cash purchase price of the acquisition and the related fees and expenses through a combination of new debt and about $500 million of Spectrum common stock. HRG’s board has approved HRG’s participation in the Spectrum common stock issuance. The relevant transactions are predictable to occur before the close of the quarter ending June 30, 2015.
HRG Group, Inc., through its auxiliaries, provides various branded consumer products. The company operates in four segments: Consumer Products, Insurance, Energy, and Financial Services.
Finally, Avery Dennison Corporation (NYSE:AVY), closed at $54.61, with 5.34% gain, hitting its highest level.
Avery Dennison, declared that its Board of Directors has elected Georges Gravanis as the Company’s president, Materials Group, effective May 1, 2015. The duties were formerly handled on an interim basis by Mitch Butier, president and chief operating officer.
Based in Hong Kong and reporting to Mr. Butier, Mr. Gravanis will be responsible for the global pressure-sensitive materials businesses now comprised of Label and Packaging Materials, Graphics Solutions and Reflective Solutions. The group serves more than 10,000 converters, brand owners and retailers worldwide, and operates in more than 30 countries.
Mr. Gravanis has served as vice president and general manager of the Asia Pacific division of the Materials Group since August 2010. He will continue in this role during the transition to new leadership.
Mr. Gravanis received his doctorate degree in polymer chemistry from Scientific University in Grenoble, France.
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. It operates through Pressure-Sensitive Materials, Retail Branding and Information Solutions, and Vancive Medical Technologies segments.
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