On Thursday, Shares of Himax Technologies, Inc. (NASDAQ:HIMX), gained 5.04% to $6.46.
Himax Technologies, declared financial results for the first quarter ended March 31, 2015.
Himax’s first quarter revenue of $179.0 million represented an 8.0% decrease from the first quarter of 2014, and a 21.2% sequential decrease from the fourth quarter of 2014. Revenue from large panel display drivers was $57.6 million, which is an enhance of 18.4% from the first quarter of 2014, and down 12.1% sequentially. Large panel driver IC accounted for 32.2% of total revenue for the first quarter, contrast to 25.0% a year ago and 28.8% in the last quarter. The year-over-year enhance in large panel display revenue was a result of market share gain, with the sequential decrease caused by a slow-down in notebook and monitor markets, and lower shipments of 4K TVs from the Company’s customers in this business segment. The year-over-year enhance in large panel display revenue was a result of market share gain.
Gross margin for the first quarter of 2015 was 25.7%, a 100 basis point enhance from the same period last year and from the previous quarter, both at 24.7%. Gross margin expansion came from lower revenue percentage of driver ICs used in China smartphones, yet it only met the low end of Himax’s guidance due to continuous price pressure.
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
Shares of Southern Company (NYSE:SO), inclined 0.80% to $43.18, during its last trading session.
Georgia Power marked this week’s signing of Georgia House Bill 57, or the Solar Power Free Market Financing Act, by Georgia Governor Nathan Deal. Over the past year, Georgia Power has worked with the bill’s author, Representative Mike Dudgeon, other lawmakers, utilities and solar companies in the creation of the law which allows a lease transaction based on the performance of a solar installation.
Georgia Power is advancing cost-effective solar generation in Georgia and the state is one of the fastest growing solar markets in the nation, made possible through a constructive regulatory and legislative environment.
Georgia Power is the largest partner of Southern Company (SO), one of the nation’s largest generators of electricity. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.4 million customers in all but four of Georgia’s 159 counties.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
At the end of Thursday’s trade, Shares of El Pollo Loco Holdings, Inc. (NASDAQ:LOCO), gained 2.98% to $29.06.
El Pollo Loco Holdings, declared financial results for the 13-week ended April 1, 2015.
Highlights for the first quarter ended April 1, 2015, contrast to the first quarter ended March 26, 2014 were as follows:
- Total revenue raised 11.1% to $90.4 million contrast to $81.4 million.
- System-wide comparable restaurant sales grew 5.1%, counting a 3.5% enhance for company-operated restaurants, and a 6.2% enhance for franchised restaurants.
- Net income was $6.8 million, or $0.17 per diluted share, contrast to net income of $5.5 million, or $0.18 per diluted share.
- Pro forma net income raised 40.1% to $7.1 million, or $0.18 per diluted share, contrast to $5.0 million, or $0.13 per diluted share.
- Adjusted EBITDA raised 11.6% to $16.6 million.
El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States. The company offers individual and family-sized chicken meals, Mexican-inspired entrees, sides, and, alternative proteins. As of March 12, 2015, it had about 400 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah.
Finally, American International Group, Inc. (NYSE:AIG), ended its last trade with 0.39% gain, and closed at $58.97.
American International Group, declared that Brian T. Schreiber will assume the newly created role of Executive Vice President and Chief Strategy Officer. Mr. Schreiber, who has served in various senior roles over the course of his 18-year career at AIG, will report to Peter D. Hancock, President and Chief Executive Officer of AIG. Mr. Schreiber will join AIG’s Operating Committee and chair its Strategy Committee.
As Chief Strategy Officer, Mr. Schreiber will oversee AIG’s global planned planning efforts; M&A and divestitures; and Communications, which comprises corporate marketing, brand, external and internal communications, digital media, and philanthropy and volunteerism; he also will share responsibility for Investor Relations with David Herzog, AIG’s Chief Financial Officer.
Mr. Schreiber will lead AIG’s efforts to identify, and execute on, value-maximizing growth opportunities, rationalize the company’s portfolio of businesses, and determine capital allocation. In addition, Mr. Schreiber will ensure that AIG communicates credibly and effectively as the company continues to strive to advance trust and confidence among its many stakeholders, both internal and external.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
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.
