On Thursday, Shares of Mobileye N.V. (NYSE:MBLY), surged 1.91% to $47.53, on a pair of upgrades for the hot camera-based driver-assistance systems developer.
Last month, Mobileye joined forces with Paris-based Valeo to develop new front-facing camera-based safety systems.
Morgan Stanley on Wednesday raised its price target on Mobileye to 68 from 65, with an overweight rating. The bank said that 2015 estimates are too low, given Mobileye’s huge earnings beat in the back half of 2014.
Consensus of analysts polled by Thomson Reuters is for a 95% raise in full-year earnings per share to 39 cents, on a 55% hike in revenue to $218.3 million.
Mobileye N.V., together with its auxiliaries, designs and develops software and related technologies for camera-based advanced driver assistance systems primarily in Israel. It operates through two segments, Original Equipment Manufacturing and After Market.
Shares of KKR & Co. L.P. (NYSE:KKR), gained 1.88% to $23.36, during the last trading session on Thursday.
KKR & Co., declared the final closing of KKR Lending Partners II L.P., a $1.34 billion fund focused primarily on privately-originated senior loans. KKRLP II is the successor fund to KKR Lending Partners I L.P., which exited its investment period in December 2014.
The Fund, for which KKR began soliciting third party capital in 2014, received strong backing from a diverse group of new and existing investors, counting public pensions, insurance companies, private banking platforms, family offices and individual investors.
KKR’s Direct Lending platform is part of KKR’s $26.9 billion credit business. The Direct Lending strategy invests in privately-negotiated transactions with a focus on the top of a company’s capital structure, seeking to capture the illiquidity premium in order to earn strong risk-adjusted returns as compared to the syndicated loan market.
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.
At the end of Thursday’s trade, Shares of KEMPHARM, INC (NASDAQ:KMPH), gained 1.82% to $11.20, hitting its highest level.
KEMPHARM, declared the pricing of its initial public offering of 5,090,909 shares of its common stock at a price to the public of $11.00 per share. The shares started trading on The NASDAQ Global Market under the ticker symbol “KMPH” on April 16, 2015. All of the common stock is being offered by KemPharm. In addition, KemPharm has granted the underwriters a 30-day option to purchase up to 763,636 additional shares of common stock from KemPharm. The offering is predictable to close on April 21, 2015, subject to customary closing conditions.
Cowen and Company and RBC Capital Markets are acting as joint book-running managers for the offering. Canaccord Genuity and Oppenheimer & Co. are acting as co-managers.
KemPharm is a specialty pharmaceutical company focused on the discovery and development of NME prodrugs to treat serious medical conditions through its Ligand Activated Therapy (LAT) platform technology. KemPharm utilizes its LAT platform technology to generate improved prodrug versions of FDA-approved drugs in the high needs areas of pain, ADHD and other CNS disorders.
Finally, Delta Air Lines, Inc. (NYSE:DAL), ended its Thursday’s trading session with 1.79% gain, and closed at $44.99.
Delta Air Lines, stated financial results for the March 2015 quarter.
Delta’s operating revenue improved 5 percent, or $472 million, in the March 2015 quarter contrast to the March 2014 quarter. Traffic raised 3.6 percent on a 5.0 percent raise in capacity, which comprises 2 points due to capacity removed in the first quarter of 2014 as a result of winter storms. Foreign exchange pressured revenue by $105 million for the quarter.
- Passenger revenue raised 3 percent, or $246 million, contrast to the preceding year period. Passenger unit revenue (PRASM) reduced 1.7 percent year over year primarily driven by 1.5 points of negative foreign exchange influence.
- Cargo revenue was unchanged from the preceding year period as higher volumes offset lower yields.
- Other revenue raised 22 percent, or $226 million, driven by SkyMiles revenues and third-party refinery sales.
Adjusted fuel expense raised $23 million as lower market fuel prices were offset by $1.1 billion of settled hedge losses, counting $300 million of early settlements of contracts originally settling in the second half of 2015 as the company restructured its hedge book. Delta’s average fuel price was $2.93 per gallon for the March quarter. Operations at the refinery produced an $86 million profit for the March quarter, a $127 million improvement year-over-year.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
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.
