On Wednesday, Shares of Groupon Inc (NASDAQ:GRPN), lost -0.47% to $4.27.
Groupon and the Lincoln Park Chamber of Commerce, declared the launch of a hyperlocal, dedicated Groupon collection We Love Lincoln Park, showcasing an entire neighborhood and some of its greatest local businesses. Started recently and running through September 10, local Lincoln Park merchants — whose offerings range from ethnic cuisines to fun things to do — are running exclusive offers with Groupon to assist drive greater awareness of all the products, services and experiences in Lincoln Park.
The collection also features a philanthropic element — shoppers can donate to one or several participating local organizations (in multiples of $10) through a Groupon Grassroots philanthropic campaign. 100% of donations go directly to the chosen charity (or charities).
“Groupon’s reach is undeniable and we are thrilled that Lincoln Park’s diverse, engaging and popular businesses are being promoted through the collaborative, wide-reaching Groupon model,” said LPCC president and CEO Kim Schilf. “In addition to the marketing benefits, the businesses participating in our Groupon deal will gather meaningful insight about the consumers who purchase a deal at their shop, restaurant, theater or other business.”
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
Shares of Axcelis Technologies Inc (NASDAQ:ACLS), declined -0.62% to $3.21, during its last trading session.
Axcelis Technologies declared financial results for the second quarter ended June 30, 2015. Highlights comprise:
- Revenues of $78.4 million, a 7% enhance over the first quarter.
- Operating profit of $7.2 million, a 108.5% enhance over the first quarter.
- Improved gross margin to 34.6% from 31.9% in the first quarter.
- Raised cash and cash equivalents to $78.1 million from $74.5 million in the first quarter.
The Company stated second quarter revenue of $78.4 million, contrast to $73.3 million for the first quarter of 2015. Operating profit for the quarter was $7.2 million, contrast to $3.4 million for the first quarter. Net income for the quarter was $5.9 million, or $0.05 per share. This compares to net income for the first quarter of 2015 of $1.9 million, or $0.02 per share. Cash and cash equivalents was $78.1 million at June 30, 2015, contrast to $74.5 million on March 31, 2015.
President and CEO Mary Puma said, “Axcelis’ top line continued to grow in the second quarter, driven by steady Purion system sales and a robust service business. In particular, the Purion H continues to gain market share, and is the fastest growing new product in Axcelis history. Since the start of the year we have doubled the number of Purion H customers, in addition to added three new, non-memory Purion XE customers. The success we are seeing with Purion is positioning us well for future revenue and market share growth, in addition to stronger earnings and cash flow.”
Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. It provides offers a line of high energy, high current, and medium current implanters for all application requirements.
Finally, AmTrust Financial Services Inc (NASDAQ:AFSI), ended its last trade with -4.91% loss, and closed at $62.97.
AmTrust Financial Services declared that it has reached a contract to acquire Amsterdam based, N.V, Nationale Borg-Maatschappij and its associates from Egeria and HAL Investments. The cash purchase price of EURO154 million is subject to adjustment based upon Nationale Borg’s tangible book value at time of closing. Nationale Borg is a 120 year old, Amsterdam-based international direct writer and reinsurer of surety and trade credit insurance in over 70 countries. In 2014, Nationale Borg generated premiums of EURO91 million. Pending regulatory approval, the parties anticipate closing will occur by year-end 2015.
“Combining Nationale Borg’s international and domestic surety and trade credit insurance operations with AmTrust’s established surety operations creates a formidable global surety business with over $200 million in premiums,” said AmTrust Financial Services, Inc. President and CEO, Barry Zyskind. “With the completion of the transaction, AmTrust will be in over 44 countries and have a platform with over one hundred years of experience. With this organization we believe we can continue to build a scalable and profitable operation in the niche market for surety and trade credit insurance.”
AmTrust Financial Services, Inc., through its auxiliaries, underwrites and provides property and casualty insurance in the United States and internationally. It operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.
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