On Friday, Penn Virginia Corporation (NYSE:PVA)’s shares declined -2.65% to $5.87.
Penn Virginia Corporation (PVA) declared the annual meeting will reconvene on May 13, 2015 to allow the Company’s shareholders additional time to vote.
During the period of the adjournment, the Company will continue to solicit proxies from its shareholders. Shareholders who have already voted do not need to recast their votes. Shareholders who have not already done so are encouraged to vote. Proxies formerly presented in respect of the meeting will be voted at the reconvened meeting unless properly revoked.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States.
United Microelectronics Corp (ADR) (NYSE:UMC)’s shares dropped -2.62% to $2.23.
United Microelectronics Corp (ADR) (UMC) declared its merged operating results for the first quarter of 2015.
Revenue was NT$37.65 billion, with gross margin at 24.3% and operating margin at 10.9%. Net income attributable to the stockholders of the parent was NT$3.98 billion, with earnings per ordinary share of NT$0.32.
Earnings per ordinary share for the quarter were NT$0.32. Earnings per ADS were US$0.051. The basic weighted average number of outstanding shares in 1Q15 was 12,526,260,458, contrast with 12,509,658,059 shares in 4Q14 and 12,479,924,736 shares in 1Q14. The diluted weighted average number of outstanding shares was 12,660,046,525 in 1Q15, contrast with 12,620,712,149 shares in 4Q14 and 13,157,984,032 shares in 1Q14. The fully diluted share count on March 31, 2015 was about 12,778,967,000. On March 31, 2015, UMC held 195 million treasury shares attained from the 15th share buy-back programs.
United Microelectronics Corporation provides semiconductor wafer foundry solutions. Its foundry solutions comprise silicon verification, libraries and IP, design verification, design for manufacturing, MM/RF foundry design kit and design support manual, and design flow reference, in addition to mask services, such as mask inspection, IP protection and data preparation, and tape-out status tracking.
At the end of Friday’s trade, NeoPhotonics Corp (NYSE:NPTN)‘s shares surged 22.96% to $7.07.
NeoPhotonics Corp (NPTN) declared financial results for its first quarter ended March 31, 2015.
First Quarter Summary
- Revenue was $81.4 million, up $13.2 million, or 19.4%, from the first quarter of 2014, and up $2.4 million, or 3.0%, from the preceding quarter
- Gross margin was 29.6%, upfrom 20.2% in the first quarter of 2014, and up from 28.7% in the preceding quarter
- Non-GAAP gross margin was 31.3%, up from 22.0% in the first quarter of 2014, and upfrom 30.3% in the preceding quarter
- Net income was $0.1 million, up from a loss of $12.6 million in the first quarter of 2014, and downfrom $1.6 million in the preceding quarter
NeoPhotonics Corporation designs and manufactures hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. Its products comprise transmitter, receiver, and switching products for 100 gigabits per second (Gbps) optical transmission applications over distances of 2 to 2,000 kilometers; a range of products for optical communications networks and other applications, where the networks operate at speeds less than 100Gbps; and optical components for coherent systems, which manipulate light to encode ten times or more the amount of information in the same wavelength channel than is possible with traditional methods.
Silver Spring Networks Inc (NYSE:SSNI), ended its Friday’s trading session with 22.06% gain, and closed at $11.95.
Silver Spring Networks Inc (SSNI) declared financial results for its first quarter ended March 31, 2015.
First Quarter Results (all comparisons made are against the preceding year period, unless otherwise stated)
Non-GAAP revenue for the first quarter was $63.1 million, down 12%.
GAAP revenue was $144 million, up 225%.
Non-GAAP gross margin was 40.3%, as contrast with 30% a year ago.
GAAP gross margin was 50% as contrast with 26% a year ago.
Non-GAAP net loss was ($5.6) million as contrast with net loss of ($9.0) million a year ago.
Silver Spring Networks, Inc. provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The company’s networking platform provides two-way communication between the utility back office and devices on the power grid. Its networking platform comprises of hardware, such as access points and relays; UtilOS, a network operating software; and GridScape administration and security software.
DISCLAIMER:
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.
