On Wednesday, Shares of Live Nation Entertainment, Inc. (NYSE:LYV), gained 1.02% to $25.80.
Live Nation Entertainment, declared a new multi-year naming rights deal to the premier indoor music theater located in downtown Houston. The new venue name is Revention Music Center.
“From the starting, this relationship has been absolutely synergistic,” said Jeff Doyle, president and CEO of Revention. “As a growing technology company we are honored to have the opportunity to strengthen our business by partnering with such a strong leader in the music and entertainment industry. We are thrilled to further ingrain ourselves in the Houston community and look forward to our mutual success.”
Through artist meet and greets, access to the VIP club and the ability to make tickets accessible for events at the theater, Revention employees will join in on the thrill of being up close to the live music experience. A custom renovation of the venue space is in progress, with a new viewing area being designed, to be called The Revention Suite. The Revention brand will be fully integrated across the venue, counting with the installation of Revention point-of-sale technology and equipment within the theater.
Live Nation Entertainment, Inc. operates as a live entertainment company. The company operates through Concerts, Ticketing, Artist Nation, and Sponsorship & Advertising segments.
Shares of SAP SE (ADR) (NYSE:SAP), declined -0.06% to $71.58, during its last trading session.
WorkForce Software, declared at SuccessConnect 2015 the signing of a global reseller agreement with SAP (NYSE:SAP). Through this agreement, SAP will resell three components of WorkForce Software’s cloud-based EmpCenter workforce administration suite — Time & Attendance, Advanced Planr and Absence Compliance Tracker — under the name SAP Time and Attendance Administration by WorkForce Software.
This reseller arrangement adds a robust, cloud-based workforce administration solution to SAP’s portfolio, complementing the company’s market-leading core human resources (HR) and global payroll solutions. With the ability to automate the most complex time, scheduling and leave administration requirements, the SAP Time and Attendance Administration application streamlines compliance with wage and hour laws and leave regulations and gives employers greater visibility for planned decision-making.
“WorkForce Software is committed to providing some of the most flexible and complete workforce administration solutions on the market,” said Kevin Choksi, co-founder and CEO, WorkForce Software. “We are excited about this new partnership with the undisputed leader in enterprise application software — SAP — as it will enable more organizations around the globe to automate time and labor processes, simplify compliance and assist boost workforce productivity.”
SAP SE provides application and analytics software and software-related services for enterprises worldwide. The company offers solutions covering various lines of businesses, counting asset administration, commerce, finance, human resources, manufacturing, marketing, sales, service, sourcing and procurement, supply chain, and sustainability, in addition to research and development, and engineering.
At the end of Wednesday’s trade, Shares of Brinker International, Inc. (NYSE:EAT), gained 1.13% to $56.18.
Brinker International, declared the election of Jose Luis Prado to its Board of Directors.
Prado is an accomplished executive with more than 30 years of international experience at PepsiCo, Inc. He most recently served as President for Quaker Oats North America, a multi-billion dollar division of the company headquartered in Chicago. Preceding to that, he was President for Gamesa-Quaker, the leading cookies and crackers brand in Mexico. He also held a number of financial, sales and general administration positions at Frito-Lay International, most notably Chief Financial Officer in Spain and President in the Caribbean, Andean and South America. In addition to Brinker, Prado serves on the Board of Directors for Northern Trust Corporation in addition to a number of business and civic organizations in Chicago and New York.
“Jose Luis has a deep understanding of the global business market and how to successfully integrate food brands into different cultures, an expertise we look forward to bringing to our Board of Directors,” said Joe DePinto, Chairman of the Board of Brinker International.
Brinker International, Inc. owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 24, 2015, it owned, operated, or franchised 1,629 restaurants, counting 1,580 restaurants under the Chili’s Grill & Bar brand; and 49 restaurants under the Maggiano’s Little Italy name.
Finally, Advanced Semiconductor Engineering (ADR) (NYSE:ASX), ended its last trade with 0.40% gain, and closed at $5.02.
Advanced Semiconductor Engineering, stated unaudited net revenues of NT$70,222 million for the second quarter of 2015 (2Q15), up by 20% year-over-year and up by 9% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$3,652 million, down from a net income attributable to shareholders of the parent of NT$5,106 million in 2Q14 and down from a net income attributable to shareholders of the parent of NT$4,469 million in 1Q15. Basic earnings per share for the quarter were NT$0.48 (or US$0.077 per ADS), contrast to basic earnings per share of NT$0.66 for 2Q14 and NT$0.58 for 1Q15. Diluted earnings per share for the quarter were NT$0.43 (or US$0.070 per ADS), contrast to diluted earnings per share of NT$0.65 for 2Q14 and NT$0.56 for 1Q15.
RESULTS OF OPERATIONS
2Q15 Results Highlights - Merged
- Net revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented about 41%, 9%, 49%, 1% and 0%, respectively, of total net revenues for the quarter.
- Cost of revenue was NT$58,656 million for the quarter, up by 27% year-over-year and up from NT$52,349 million in 1Q15.
- Raw material cost totaled NT$35,465 million during the quarter, representing 51% of total net revenues, contrast with NT$30,185 million and 47% of total net revenues in 1Q15.
- Labor cost totaled NT$8,656 million during the quarter, representing 12% of total net revenues, contrast with NT$8,695 million and 13% of total net revenues in 1Q15.
- Depreciation, amortization and rental expenses totaled NT$7,040 million during the quarter, up by 15% year-over-year and down by 1% sequentially.
- Gross margin reduced 2.5 percentage points to 16.5% in 2Q15 from 19.0% in 1Q15.
- Total operating expenses during 2Q15 were NT$6,157 million, counting NT$2,733 million in R&D and NT$3,424 million in SG&A, contrast with total operating expenses of NT$6,021 million in 1Q15. Total operating expenses as a percentage of net revenues were 9% in 2Q15, down from 10% in 2Q14 and remained the same as 1Q15.
- Operating income for the quarter totaled NT$5,409 million, down from NT$6,292 million in 1Q15. Operating margin was 7.7% in 2Q15 contrast to 9.7% in 1Q15.
- In terms of non-operating items:
- Net interest expense was NT$471 million, down from NT$526 million in 1Q15.
- Net foreign exchange gain of NT$839 million was primarily attributable to the depreciation of the U.S. dollar against the NT dollar.
- Loss on valuation of financial assets and liabilities was NT$349 million.
- Other net non-operating income of NT$26 million was primarily related to miscellaneous income. Total non-operating expenses for the quarter were NT$9 million, contrast to total non-operating expenses of NT$550 million for 2Q14 and total non-operating expenses of NT$786 million for 1Q15.
- Income before tax was NT$5,400 million for 2Q15, contrast to NT$5,506 million in 1Q15. We recorded income tax expenses of NT$1,596 million during the quarter, contrast to NT$856 million in 1Q15.
- In 2Q15, net income attributable to shareholders of the parent was NT$3,652 million, contrast to net income attributable to shareholders of the parent of NT$5,106 million for 2Q14 and net income attributable to shareholders of the parent of NT$4,469 million for 1Q15.
- Our total number of shares outstanding at the end of the quarter was 7,893,157,596, counting treasury stock owned by our auxiliaries. Our 2Q15 basic earnings per share of NT$0.48 (or US$0.077 per ADS) were based on 7,627,735,788 weighted average number of shares outstanding in 2Q15. Our 2Q15 diluted earnings per share of NT$0.43 (or US$0.070 per ADS) were based on 8,151,709,824 weighted average number of shares outstanding in 2Q15.
Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments.
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