On Friday, Career Education Corp. (NASDAQ:CECO)’s shares declined -9.84% to $4.40.
Career Education Corp. (CECO) declared that it has made the planned decision to focus its resources and attention on its universities – Colorado Technical University (CTU) and American InterContinental University (AIU) – where the company has noteworthy opportunities to continue to provide quality higher education to the adult student market.
In conjunction with this declarement, the company is teaching out its Sanford-Brown institutions and pursuing strategies to divest or teach-out the remaining institutions within the Career Colleges group. As part of the process to focus its resources on the University Group, the company also declared that it will align its corporate overhead to support a more streamlined and focused operation, and to make the University Group more efficient and effective in serving its students.
Career Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, on-ground, and hybrid learning program offerings in the United States.
Green Dot Corporation (NYSE:GDOT)’s shares dropped -9.21% to $15.18.
Green Dot Corporation (GDOT) declared that it will be presenting at the Jefferies 2015 Technology, Media and Telecom Conference on Wednesday, May 13, 2015 at the Mandarin Oriental in Miami, FL. The presentation will start at 4:00PM ET.
Green Dot Corporation, together with its auxiliaries, operates as a pro-consumer technology bank holding company that provides personal banking for the masses. It offers reloadable prepaid debit cards and cash reload processing services in the United States, in addition to mobile banking services with its GoBank mobile checking account.
At the end of Friday’s trade, HORSEHEAD HOLDING CORP. (NASDAQ:ZINC)‘s shares dipped -8.95% to $13.02.
HORSEHEAD HOLDING CORP. (ZINC) stated a merged net loss of $(18.5) million, or $(0.34) per diluted share, for the first quarter of 2015 contrast to a merged net income of $0.7 million, or $0.01 per diluted share, for the first quarter of 2014.
First Quarter Highlights
Contrast to the same quarter last year:
- Zinc finished product and calcine shipments, on a zinc contained basis, raised 1,089 tons, or 2.7%, to 41,889 tons for the quarter, comprised of 27,113 zinc tons of finished products and 14,776 zinc tons in calcine.
- EAF dust receipts reduced 6.9% to 130,510 tons as deliveries were affected by weather conditions and reduced steel production.
- The LME zinc price averaged $0.94/lb for the first quarter of 2015 and $0.92/lb for the first quarter of 2014. The LME nickel price averaged $6.50/lb for the first quarter of 2015 contrast to $6.64/lb for the first quarter of 2014.
Horsehead Holding Corp., together with its auxiliaries, produces and sells zinc and nickel-based products primarily in the United States and Canada. The company operates through three segments: Horsehead, Zochem, and INMETCO. The Horsehead segment processes electric arc furnace dust and other zinc-bearing material to produce and sell zinc and other metals.
Sierra Wireless, Inc. (USA) (NASDAQ:SWIR), ended its Friday’s trading session with -7.63% loss, and closed at $34.00.
Sierra Wireless, Inc. (USA) (SWIR) stated results for its first quarter, ending March 31, 2015. All results are stated in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP).
Revenue for the first quarter of 2015 was $150.4 million, an enhance of 24.1% contrast to $121.2 million in the first quarter of 2014. Revenue from OEM Solutions was $133.0 million in the first quarter of 2015, up 25.3% contrast to $106.2 million in the first quarter of 2014. Revenue from Enterprise Solutions was $17.4 million in the first quarter of 2015, up 15.8% contrast to $15.0 million in the first quarter of 2014.
GAAP RESULTS
- Gross margin was $48.8 million, or 32.5% of revenue, in the first quarter of 2015, contrast to $38.6 million, or 31.9% of revenue, in the first quarter of 2014.
- Operating expenses were $46.4 million and earnings from operations were $2.5 million in the first quarter of 2015, contrast to operating expenses of $45.3 million and a loss from operations of $6.7 million in the first quarter of 2014.
- Net loss was $9.7 million, or $0.30 per diluted share, in the first quarter of 2015, contrast to a net loss of $4.0 million, or $0.13 per diluted share, in the first quarter of 2014. The first quarter of 2015 comprised of an $11.8 million after-tax foreign exchange loss associated with the translation of certain foreign denominated balances, contrast to a $0.4 million foreign exchange gain in the first quarter of 2014.
Sierra Wireless, Inc., together with its auxiliaries, provides cellular wireless solutions to the machine-to-machine (M2M) and connected device markets in North America, Europe, and the Asia Pacific. It operates in two segments, Original Equipment Manufacturer (OEM) Solutions and Enterprise Solutions.
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