On Wednesday, in the course of current trade, Shares of Fossil Group, Inc. (NASDAQ:FOSL), dropped -9.71%, and is now trading at $78.06, hitting its lowest level.
Fossil Group, stated its financial results for the fiscal quarter ended April 4, 2015. Results for the first quarter of fiscal 2015 comprised of thirteen weeks contrast to a fourteen week period in fiscal 2014. In the first quarter of fiscal 2015, the translation impact from the strengthening of the U.S. dollar negatively influenced net sales by $45.2 million and reduced diluted EPS by $0.13. On a constant currency basis and not taking into account the additional week, first quarter net sales raised 5%.
First Quarter Fiscal 2015 Revenue Summary
In the first quarter of fiscal 2015, stated worldwide net sales reduced 7% or $51.4 million driven by the negative impact of changes in foreign currency and an extra week in the first quarter of fiscal 2014.
The Company stated net income for the first quarter of fiscal 2015 of $38.1 million contrast to $66.3 million for the first quarter of fiscal 2014. Diluted earnings per share were $0.75, contrast to $1.22 per diluted share for the first quarter of fiscal 2014. In constant currency, diluted earnings per share for the first quarter of fiscal 2015 were $0.88, counting a restructuring charge of $0.16 per diluted share. The favorable EPS impact of the comparable 5% sales growth and a lower share base were more than offset by higher operating expenses. First quarter expense growth reflects the Company’s strategy to enhance marketing and brand building activities in 2015 and also reflects the impact of store and infrastructure investments that were made in 2014.
Fossil Group, Inc., together with its auxiliaries, designs, develops, markets, and distributes consumer fashion accessories. The company operates through four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer.
During an Afternoon trade, Shares of United States Steel Corp. (NYSE:X), gained 2.17%, and is now trading at $24.53.
On April 28, United States Steel declared that its Board of Directors confirmed a dividend of five cents per share on U. S. Steel Common Stock. The dividend is payable June 10, 2015, to stockholders of record at the close of business May 13, 2015.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).
Shares of Yandex N.V. (NASDAQ:YNDX), during its Wednesday’s current trading session gained 2.24%, and is now trading at $19.85.
On April 28, Yandex, declared its unaudited financial results for the first quarter ended March 31, 2015.
Q1 2015 Financial Highlights:
- Revenues of RUR 12.3 billion ($211.1 million), up 13% contrast with Q1 2014
- Ex-TAC revenues (not taking into account traffic acquisition costs) up 16% contrast with Q1 2014
- Income from operations of RUR 1.5 billion ($25.5 million), down 45% contrast with Q1 2014
- Adjusted EBITDA of RUR 3.6 billion ($61.1 million), down 12% contrast with Q1 2014
- Operating margin of 12.0%
- Adjusted EBITDA margin of 28.9%
- Adjusted ex-TAC EBITDA margin of 37.1%
- Net income of RUR 2.1 billion ($36.4 million), down 21% contrast with Q1 2014
- Adjusted net income of RUR 2.2 billion ($38.5 million), down 12% contrast with Q1 2014
- Net income margin of 17.2%
- Adjusted net income margin of 18.2%
- Adjusted ex-TAC net income margin of 23.4%
- Cash, cash equivalents and deposits of RUR 47.1 billion ($805.5 million) as of March 31, 2015.
Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers a range of search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets.
Finally, Helix Energy Solutions Group, Inc. (NYSE:HLX), gained 0.66% Wednesday.
Helix Energy Solutions, declared that on April 30th its wholly owned partner, Helix Q5000 Holdings S.A.R.L., took delivery of the Q5000 semisubmersible well intervention vessel from Sembcorp Marine’s Jurong Shipyard. In conjunction with delivery of the vessel, Helix Q5000 Holdings S.A.R.L. used proceeds of the formerly declared $250 million Q5000 credit facility to make the final shipyard payment. The remaining cash balance of the facility, about $148 million, will be used for general corporate and working capital needs.
Helix Energy Solutions Group, Inc., together with its auxiliaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Subsea Construction.
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