Ingram Micro Inc (NYSE:IM)’s shares dipped -9.25%, and closed at $24.71, hitting new 52-week high of $25.89, during the last trading session, soon after the news release that a global information technology (IT) supply-chain administration, mobile device lifecycle services and logistics solutions, declared financial results for the fourth quarter ended Jan. 3, 2015.
Fourth Quarter Results of Operations:
Driven by strong growth across all geographies, worldwide sales raised year-over-year by more than $2 billion to $14.0 billion as compared to $11.8 billion in the 2013 fourth quarter. The addition of a 14th week in the 2014 fourth quarter benefited worldwide sales by about 7 percentage points when contrast to last year. The translation of foreign currencies resulted in a year-over-year headwind to fourth quarter income growth of more than 4 percentage points. Non-GAAP operating income was up 17% over last year benefiting from strong performance in North America and Asia Pacific, driven by solid operating leverage and increasing income contribution from key planned initiatives, counting mobility, supply chain solutions and cloud. Europe’s profitability was negatively influenced by the strengthening U.S. Dollar, a greater mix of consumer product sales and raised competitive pricing pressure. Interest and other expense raised by more than $10 million over the 2013 fourth quarter, due primarily to higher interest expense and nearly $4 million in higher foreign currency exchange losses.
Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain and mobile device lifecycle services worldwide.
CVSL Inc (NYSEMKT:CVSL), declined -42.05%, and closed at $2.55, hitting new 52-week high of $23.00, soon after the company engaged in a long-term growth strategy to develop a diverse global company, declared the pricing of an underwritten public offering of 6,667,000 shares of ordinary stock and warrants to purchase up to an aggregate of 6,667,000 shares of its ordinary stock at a combined offering price of $3.00. The warrants will have a per share exercise price of $3.75, are exercisable right away and will expire five years from the date of issuance. The gross proceeds to CVSL from this offering are predictable to be about $20,000,000 before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.
CVSL, Inc., through its subsidiaries, is engaged in the direct-selling business in the United States and internationally. The company sells hand-crafted baskets and a line of products for the home, counting pottery, cookware, wrought iron, and other home decor products; nutritional supplements and skin care products; hand-crafted spices; a line of tools that are designed for women, in addition to home security monitoring services; and a line of food products through a network of independent sales representatives.
GoPro Inc (NASDAQ:GPRO), dropped -6.00%, and closed at $41.98, hitting new 52-week high of $98.47, soon after the news release that the company declared it will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 4 at The Palace Hotel in San Francisco, CA.
GoPro, Inc. is transforming the way consumers capture, manage, share and enjoy meaningful life experiences. We do this by enabling people to self-capture engaging, immersive photo and video content of themselves participating in their favorite activities. Our customers comprise some of the world’s most active and passionate people. The quality and volume of their shared GoPro content, coupled with their enthusiasm for our brand, virally drives awareness and demand for our products.
KBR, Inc (NYSE:KBR), dwindled -8.94%, and closed at $16.29, hitting new 52-week high of $29.08, soon after the news release that an engineering, construction and services company, declared its fourth quarter and annual 2014 financial results. The results reflect charges associated with the Company`s restructuring formerly declared in December 2014.
Fourth Quarter Results:
Net loss attributable to KBR was $1.24 billion, or $8.57 per diluted share, in the fourth quarter of 2014 contrast to a net loss of $56 million, or $0.38 per diluted share, in the fourth quarter of 2013. Merged income in the fourth quarter of 2014 was $1.4 billion contrast to $1.7 billion in the fourth quarter of 2013.
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.
