On Thursday, Shares of Kirkland’s, Inc. (NASDAQ:KIRK), lost -32.91% to $13.60.
Kirkland’s, stated financial results for the 13-week and 39-week periods ended October 31, 2015.
Net sales for the 13 weeks ended October 31, 2015, raised 10.3% to $129.2 million contrast with $117.2 million for the 13 weeks ended November 1, 2014. Comparable store sales for the third quarter of fiscal 2015, counting e-commerce sales, raised 1.8% contrast with a comparable store sales improvement of 6.3% in the preceding-year quarter. Kirkland’s opened 21 stores and closed two during the third quarter of 2015, bringing the total number of stores to 370 at quarter end.
Net sales for the 39 weeks ended October 31, 2015, raised 10.3% to $362.8 million contrast with $328.9 million for the 39 weeks ended November 1, 2014. Comparable store sales, counting e-commerce sales, raised 3.7% for the 39 weeks ended October 31, 2015 contrast with an improvement of 5.0% in the preceding-year period. Kirkland’s opened 31 stores and closed five during the 39-week period.
For the 13 weeks ended October 31, 2015, the Company stated a net loss of $0.3 million, or ($0.02) per diluted share. The loss comprises a tax benefit of $0.02 per diluted share regardingstate employment and investment credits. The Company stated net income of $1.3 million, or $0.07 per diluted share, for the 13 weeks ended November 1, 2014.
Kirkland’s, Inc. operates as a specialty retailer of home décor and gifts in the United States. The company’s stores provide various merchandise, counting framed arts, mirrors, wall décors, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories, and artificial floral products.
Shares of Skyworks Solutions Inc (NASDAQ:SWKS), declined -3.00% to $78.00, during its last trading session.
Microsemi Corporation (MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, declared that it was informed last night that its revised proposal to acquire PMC-Sierra, Inc. (PMCS) in a cash and stock transaction constitutes a “Superior Proposal” under the terms of PMC’s merger agreement with Skyworks Solutions, Inc. (SWKS).
Under the terms of the Microsemi revised proposal, PMC shareholders will receive $9.22 in cash and 0.0771x of a share of Microsemi common stock for each share of PMC common stock held at the close of the transaction. Microsemi was informed that the PMC-Sierra board has given written notice to Skyworks of its intent to approve or recommend the Microsemi proposal. As a result, PMC-Sierra will be entitled to terminate the merger agreement if Skyworks does not make, within three business days following the receipt of the notice, a binding, written and complete proposal that would cause the proposal received from Microsemi to no longer constitute a “Superior Proposal.”
Skyworks Solutions, Inc., together with its auxiliaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Its product portfolio comprises amplifiers, attenuators, battery chargers, circulators, DC/DC converters, demodulators, detectors, diodes, directional couplers, filters, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops/synthesizers/VCOs, power dividers/combiners, power administration devices, receivers, switches, technical ceramics, and voltage regulators. The company also offers MIS silicon chip capacitors and transceivers.
Finally, Shares of Integrated Device Technology Inc (NASDAQ:IDTI), ended its last trade with -1.82% loss, and closed at $26.96.
Integrated Device Technology, introduced a new multi-channel power administration IC (PMIC) optimized for enterprise solid state drives (eSSD) and designed to speed time to market and revenue. The P8300 is a flexible, highly programmable PMIC ideal for a broad set of data center, enterprise and high-performance computing applications.
The P8300 can shorten time to market by enabling the reuse of power administration subsystems across multiple protocols—SAS, SATA and PCIe—and form factors. Its innovative design delivers an effective power backup system that’s been proven in the field, in addition to stability proven in first-generation SSD products.
“The P8300 PMIC offers the ideal balance of cost and performance,” said Sean Fan, vice president and general manager, IDT’s Interface and Connectivity Division. “The new device delivers distinct advantages for companies developing products in compute-intensive spaces such as data center, enterprise computing and high-performance computing.”
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer.