On Friday, in the course of current trade, Shares of Apple Inc. (NASDAQ:AAPL), gained 1.07% to $126.49, despite a lower sales estimate for its Apple Watch by analysts at UBS this morning.
The firm revised its fiscal 2016 sales estimate for the wearable device, saying it sees “lackluster interest.”
Still, UBS analysts maintained their “buy” rating with a $150 price target.
Yesterday, analysts at Cantor Fitzgerald and Brean Capital both hiked their price targets following the iPhone maker’s second quarter earnings beat.
The company has market capitalization of 736.48B. 21,474,678 shares have changed hands as compared to its daily average volume of 52,746,100 shares.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
During Morning trade, Shares of Alcoa Inc. (NYSE:AA), gained 5.14%, and is now trading at $14.07.
Today, Alcoa declared changes to its Board of Directors recently effective with the Company’s Annual Meeting of Shareholders held in Pittsburgh. Dr. Judith Gueron, an Alcoa director since 1988 and its Lead Director since 2010, who did not stand for re-election when her term expired at the Annual Meeting, stepped down from the Board of Directors. Succeeding Gueron as Lead Director is Patricia Russo, a member of the Alcoa Board since 2008.
Russo is the former Chief Executive Officer of Alcatel Lucent, a communications company, and earlier served as Chairman of Lucent Technologies Inc. She led Lucent’s cross-border merger negotiations with Alcatel, a French company, and became the merged organization’s first chief executive. Russo also has held senior executive positions at AT&T and Avaya Inc. As a member of Alcoa’s Board of Directors, Russo has chaired the Compensation and Benefits Committee, and is a member of the Executive Committee, and Governance and Nominating Committee.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), during its Friday’s current trading session fell -0.76%, and is now trading at $3.92.
Sirius XM, declared first quarter 2015 operating and financial results, counting record first quarter revenue of $1.08 billion, up 8% as compared to the first quarter of 2014.
Net income was $106 million, up 12% from $94 million in the first quarter of 2014. Net income per diluted common share was $0.02 in the first quarter of 2015 and 2014. Adjusted EBITDA was $399 million in the first quarter of 2015, up 19% from $335 million in the first quarter of 2014.
FIRST QUARTER 2015 HIGHLIGHTS
- SiriusXM added 431 thousand net new subscribers in the first quarter, a 61% enhance from the 267 thousand net new subscribers added in the first quarter of 2014. Self-pay net subscriber additions were 394 thousand in the first quarter of 2015 contrast to 173 thousand in the first quarter of 2014. Marking the strongest first quarter for self-pay subscriber growth since 2008.
- First quarter EBITDA climbs 19%. Adjusted EBITDA of $399 million in the first quarter of 2015 was the highest quarterly amount in the company’s history, an enhance of 19% over the $335 million stated in the first quarter of 2014. Adjusted EBITDA margin was 37%, also the highest in the company’s history.
- Free cash flow per diluted share climbs strongly. Free cash flow of $276 million was up 24% from $223 million in the first quarter of 2014. Driven by higher cash flow and a lower share count from the share repurchase program, free cash flow per diluted share climbed an even stronger 36% to 4.9 cents in the first quarter of 2015, up from 3.6 cents in the first quarter of 2014.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges.
Finally, Applied Materials, Inc. (NASDAQ:AMAT), gained 0.71% Friday.
Today, Applied Materials, will hold a webcast to talk about its second quarter of fiscal 2015 financial results, together with its business outlook, on Thursday, May 14, 2015, at 4:30 p.m. ET (1:30 p.m. PT).
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
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