On Monday, Shares of Qorvo Inc (NASDAQ:QRVO), gained 0.07% to $58.28.
Qorvo, declared it has accomplished its $200 million share repurchase program authorized by its Board of Directors in February 2015. Under the February 2015 share repurchase program, Qorvo repurchased about 3.1 million shares of common stock at an average price of $63.80 per share.
The Company also declared that its Board of Directors has authorized a new share repurchase program to repurchase up to $400 million of the Company’s common stock.
Bob Bruggeworth, president and CEO of Qorvo, said, “Qorvo has excellent long-term growth prospects, a healthy balance sheet, and the ability to generate increasing free cash flow. The Qorvo Board of Directors and administration team believe the repurchase of our common stock is an excellent use of capital that creates additional value for our stockholders.”
Qorvo, Inc. provides technologies and radio frequency (RF) solutions for mobile, infrastructure, defense, and aerospace applications in the United States and internationally.
Shares of Sinclair Broadcast Group Inc (NASDAQ:SBGI), inclined 1.55% to $28.80, during its last trading session.
Sinclair Broadcast Group, stated financial results for the three and six months ended June 30, 2015.
Six Months Ended June 30, 2015 Financial Results:
- Total revenues raised 22.0% to $1,058.9 million, as compared to $867.8 million in the preceding year period.
- Operating income was $198.9 million, an enhance of 8.1%, as compared to operating income of $184.0 million in the preceding year period.
- Net income attributable to the Company was $70.1 million, as compared to net income of $68.5 million in the preceding year period.
- Diluted earnings per common share were $0.73 as contrast to $0.69 in the preceding year period.
Sinclair Broadcast Group, Inc., a diversified television broadcasting company, owns and operates, programs, or provides sales services to television stations in the United States. It broadcasts free over-the-air programming, such as network offered programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs.
At the end of Monday’s trade, Shares of Charter Communications, Inc. (NASDAQ:CHTR), gained 3.98% to $186.98.
Charter Communications, stated financial and operating results for the three and six months ended June 30, 2015.
Key highlights:
- Second quarter revenues of $2.4 billion grew 7.6%1 as contrast to the preceding-year period, driven by residential revenue growth of 7.0% and commercial revenue growth of 14.0%.
- Second quarter Adjusted EBITDA2 grew by 6.8% year-over-year. Not taking into account second quarter transactions transition costs of $17 million, Adjusted EBITDA grew by 8.9% year-over-year.
- Capital expenditures totaled $432 million in the second quarter of 2015, contrast to $570 million during the second quarter of 2014. Not taking into account transactions transition capital expenditures, second quarter capital expenditures totaled $404 million.
- Residential customer relationships raised by 34,000 during the second quarter, as compared to 27,000 during the second quarter of 2014. For the twelve months ending June 30, 2015, residential customer relationships grew by 4.6%, or 261,000.
- Residential primary service units (“PSUs”) raised by 70,000 during the second quarter as compared to a gain of 55,000 in the preceding-year period.
- Following the launch of Spectrum Business pricing and packaging to the small and medium business segment in March 2015, commercial customer relationships grew by 18,000 during the second quarter of 2015, as compared to 6,000 during the second quarter of 2014.
Charter Communications, Inc., through its auxiliaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States.
Finally, Himax Technologies, Inc. (ADR)(NASDAQ:HIMX), ended its last trade with 1.03% gain, and closed at $6.88.
Himax Technologies, declared an industry-leading, ultra-low power consumption eDP 1.4 timing controller that supports ultra-high resolution panels for tablets, notebooks and monitors. Himax is one of very few pioneers who have enabled the next generation development of ultra-high resolution panels with a total solution that successfully addresses the power consumption issue. Leading LCD panel makers and system OEMs in Korea, China, Taiwan, and Japan are actively adopting this new technology, and Himax is planning to enter mass production in the fourth quarter of 2015.
Himax’s eDP 1.4 TCON is unique and very competitive in that it pairs with nVIDIA’s G-SYNC(TM) and AMD’s FreeSync(TM) technologies for graphic cards to process 3D graphics on ultra-high resolution displays, eliminating screen tearing and minimizing stutter and input latency. For gamers or anyone looking for superior visuals on ultra-high resolution devices, eDP 1.4 TCON is key to achieve such performance. The eDP 1.4 TCON supports up to the latest G-SYNC(TM) version 1.0, a development beyond industry pace.
Himax’s eDP 1.4 TCON supports the latest version of VESA (Video Electronics Standards Association) standard and enjoys its competitive edge through two technological advantages. First, the product has a high-speed interface at 5.4G BPS per lane to support 4K2K displays and beyond. Second, the innovative PSR (Panel Self Refresh)/PSR2 technology intelligently incorporates the CPU/GPU dormant concept that lowers display-related system power consumption through allowing the CPU/GPU to flexibly switch from normal state to intermittent low-power state during a static image condition. Himax’s eDP 1.4 TCON comprises an integrated frame buffer that stores the display image while the system enters panel self-refresh mode, which reduces the power usage of the CPU/GPU to extend battery life. When the display resolution is higher, power saving benefits will be more substantial. This feature is an advanced solution that addresses battery issues in ultra-high resolution mobile devices which consume much power from panels and GPU.
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments.
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