On Tuesday, Shares of Gogo Inc. (NASDAQ:GOGO), gained 3.33% to $22.02, hitting its highest level..
Gogo declared that it will release the results for its first quarter ended March 31, 2015 before the market open on May 7th, 2015. The company will host its quarterly earnings conference call the same day at 8:30 a.m. (ET).
The conference call will be held on May 7th, 2015 at 8:30 a.m. (ET). A live web cast of the conference call, in addition to a replay, will be accessible online on the Investor Relations section of the company’s website at http://ir.gogoair.com.
Gogo Inc., through its auxiliaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation.
Shares of Harris Corporation (NYSE:HRS), gained 3.32% to $81.93, during its last trading session, hitting its highest level.
Harris Corporation, declared preliminary financial results for the third quarter of fiscal 2015 in order to expand timing options for concluding the permanent debt financing for its pending acquisition of Exelis Inc. (XLS).
Third quarter fiscal 2015 income from ongoing operations is estimated to be $126 million, or $1.20 per diluted share on a GAAP basis and $139 million, or $1.32 per diluted share on a non-GAAP basis, not taking into account acquisition-related costs. Both GAAP and non-GAAP amounts benefited from a lower than predictable tax rate estimated to be 30.0 percent, adding about $.07 per diluted share. In the preceding year, income from ongoing operations was $137 million, or $1.27 per diluted share. Third quarter fiscal 2015 revenue and orders are estimated to be $1.19 billion and $1.21 billion, respectively, contrast to $1.27 billion and $1.11 billion, respectively, in the preceding year. Third quarter fiscal 2015 free cash flow (net cash offered by operating activities less capital expenditures) is estimated to be $150 million contrast to $120 million in the preceding year.
Non-GAAP operating income performance in the third quarter was slightly better than administration predictable, benefiting from lower costs, excellent execution and a favorable product mix in RF Communications and Government Communications Systems. Revenue in the third quarter was somewhat weaker than predictable. Higher year-over-year revenue in Tactical Communications, driven by ongoing strength in international markets and a pickup in the U.S. market, was more than offset by further weakness in Public Safety, IT Services and CapRock energy business areas.
Harris Corporation, together with its auxiliaries, operates as an international communications and information technology company worldwide. The company operates through RF Communications, Integrated Network Solutions, and Government Communications Systems segments.
At the end of Tuesday’s trade, Shares of Illumina Inc. (NASDAQ:ILMN), gained 3.17% to $199.31.
Illumina, declared its financial results for the first quarter of fiscal year 2015.
First quarter 2015 results
- Revenue of $539 million, a 28% raise contrast to $421 million in the first quarter of 2014, and an raise of 33% on a constant currency basis
- GAAP net income for the quarter of $137 million, or $0.92 per diluted share, contrast to $60 million, or $0.40 per diluted share, for the first quarter of 2014
- Non-GAAP net income for the quarter of $135 million, or $0.91 per diluted share, contrast to $80 million, or $0.53 per diluted share, for the first quarter of 2014 (see the table entitled “Itemized Reconciliation Between GAAP and Non-GAAP Net Income” for a reconciliation of these GAAP and non-GAAP financial measures)
- Cash flow from operations of $67 million and free cash flow of $30 million for the quarter.
Gross margin in the first quarter of 2015 was 69.6% contrast to 66.1% in the preceding year period. Not taking into account the effect of non-cash stock compensation expense, amortization of attained intangible assets and legal contingencies, non-GAAP gross margin was 72.2% for the first quarter of 2015 contrast to 70.4% in the preceding year period.
Research and development (R&D) expenses for the first quarter of 2015 were $91.8 million contrast to $77.0 million in the preceding year period. R&D expenses comprised of $11.3 million and $11.7 million of non-cash stock compensation expense in the first quarters of 2015 and 2014, respectively. Not taking into account these charges and contingent compensation, R&D expenses as a percentage of revenue were 14.9% contrast to 15.5% in the preceding year period.
Selling, general and administrative (SG&A) expenses for the first quarter of 2015 were $116.3 million contrast to $109.6 million in the preceding year period. SG&A expenses comprised of $18.0 million and $19.4 million of non-cash stock compensation expense in the first quarters of 2015 and 2014, respectively. Not taking into account these charges, amortization of attaind intangible assets, and contingent compensation, SG&A expenses as a percentage of revenue were 18.0% contrast to 19.9% in the preceding year period.
Depreciation and amortization expenses were $30.1 million and capital expenditures were $36.6 million during the first quarter of 2015. The Company ended the quarter with $1.37 billion in cash, cash equivalents and short-term investments, contrast to $1.34 billion as of December 28, 2014.
Illumina, Inc. provides sequencing and array-based solutions for genetic analysis in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. The company’s products comprise sequencing platforms that are based on its SBS technology, which provides researchers with various ranges of applications and the ability to sequence mammalian genomes; and array platforms comprise of HiScan and iScan systems, in addition to NextSeq 550 system that are array scanners for DNA and RNA analysis applications, counting single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis.
Finally, CenturyLink, Inc. (NYSE:CTL), ended its last trade with 3.07% gain, and closed at $36.30.
CenturyLink, declared that its gigabit service is assisting the Utah Education and Telehealth Network (UETN) create a network capable of carrying more than a full terabit of combined bandwidth across 1,412 schools and educational locations in Utah. Of those locations, 832 are equipped with CenturyLink fiber-enabled broadband service, providing ultra-fast speeds from 1 to 100 gigabits per second (Gbps).
In addition to serving 824,000 students in K-12 and university campuses, UETN supports applied technology campuses, libraries and healthcare clinics. CenturyLink has served as a continuous technology partner to UETN and its predecessor, EDNET for more than two decades. UETN comprises the Utah Education Network (UEN) and the Utah Telehealth Network (UTN).
In addition to connecting about 60 percent of Utah schools to UETN’s network and providing the backbone infrastructure for its education and healthcare networks, CenturyLink is also the largest provider of gigabit services to residential and business customers in the Salt Lake City metro area and the state of Utah.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
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