On Tuesday, Shares of Twitter, Inc. (NYSE:TWTR), gained 0.41% to $29.62.
Research analysts at Susquehanna initiated coverage on shares of Twitter (NYSE:TWTR) in a research report issued on Tuesday, StockTargetPrices.com reports. The brokerage set a “neutral” rating and a $32.00 price target on the social networking company’s stock. Susquehanna’s target price would indicate a potential upside of 8.47% from the stock’s previous close.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
Shares of Dean Foods Company (NYSE:DF), declined -2.56% to $16.77, during its last trading session.
Dean Foods Company stated second quarter 2015 results.
Highlights
- Q2 net income per diluted share was $0.28 and adjusted net income per diluted share was $0.33.
- Q2 adjusted results reflect the highest gross profit and per gallon operating income since 2012.
- Financial results improved for the fourth successive quarter as price realization offset volume deleverage.
- Stepped up advertising and marketing supports Q2 launch of DairyPure®, the first and largest fresh, white milk national brand.
- Q3 adjusted diluted earnings are predictable to be $0.17 to $0.27 per share.
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. It manufactures, markets, and distributes dairy case products, counting fluid milk, ice cream, cultured dairy products, creamers, ice cream mix, and other dairy products; and produces and distributes juices, teas, and bottled water.
Finally, Take-Two Interactive Software Inc. (NASDAQ:TTWO), ended its last trade with -1.13% loss, and closed at $30.59.
Take-Two Interactive Software stated strong financial results for fiscal first quarter 2016, ended June 30, 2015. In addition, the Company reiterated its financial outlook for the fiscal year ending March 31, 2016, and offered its initial financial outlook for the fiscal second quarter 2016, ending September 30, 2015.
GAAP Financial Results
For fiscal first quarter 2016, GAAP net revenue grew 119% to $275.3 million, as contrast to $125.4 million for fiscal first quarter 2015. GAAP net loss was $67.0 million, or $0.81 per diluted share, as contrast to $35.4 million, or $0.45 per diluted share, for the year-ago period. GAAP results for fiscal first quarter 2016 reflect the deferral of net revenue and cost of goods sold related to sell-in of certain titles during the quarter.
During fiscal first quarter 2016, the Company’s cash and short-term investments balance raised to $1.191 billion as of June 30, 2015, up from $1.098 billion as of March 31, 2015.
Non-GAAP Financial Results
For fiscal first quarter 2016, Non-GAAP net revenue grew 142% to $366.4 million, as contrast to $151.6 million for the year-ago period. Non-GAAP net income raised to $34.2 million, or $0.31 per diluted share, as contrast to Non-GAAP net loss of $11.2 million, or $0.14 per diluted share, for the year-ago period.
The largest contributors to Non-GAAP net revenue in fiscal first quarter 2016 were Grand Theft Auto® V and Grand Theft Auto Online, NBA® 2K15, Borderlands®: The Handsome Collection and WWE® 2K15. Non-GAAP net revenue from digitally-delivered content grew 139% year-over-year to $254.0 million. The largest contributors to Non-GAAP net revenue from digitally-delivered content were the Grand Theft Auto, NBA 2K, Borderlands and WWE 2K series, and Evolve™. Revenue from recurrent consumer spending (virtual currency, downloadable add-on content and online games) grew 47% year-over-year and accounted for 36% of Non-GAAP net revenue from digitally-delivered content, or 25% of total Non-GAAP net revenue. Catalog sales accounted for $67.5 million of Non-GAAP net revenue led by the Grand Theft Auto and Borderlands series.
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels.
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