On Thursday, Shares of Quantum Corp (NYSE:QTM), lost - 22.94% to $1.31.
Quantum Corp., declared preliminary results for the fiscal first quarter 2016 ended June 30, 2015 (unless otherwise noted, all comparisons are relative to the fiscal first quarter 2015). The company’s total revenue was about $111 million, down from $128 million a year earlier and below the company’s May guidance of $125 million to $130 million. Quantum’s scale-out storage and related service revenue grew year-over-year by about $10 million, or 54 percent, and royalty revenue raised about $1 million. However, this growth was offset by product and related service revenue declines of about $15 million in branded tape automation, $7 million in branded devices and media and $6 million in OEM tape sales. DXi product and related service revenue was roughly flat year-over-year. Quantum believes the lower-than-predictable total revenue was largely due to overall weakness in the general-purpose storage market, as also indicated by other companies’ declarements over the last two weeks.
The lower revenue also influenced Quantum’s bottom line, resulting in a GAAP net loss of about $11 million for the quarter and a non-GAAP net loss of about $7 million.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
Shares of Under Armour Inc (NYSE:UA), declined -3.32% to $85.35, during its last trading session.
Under Armour, declared that Terdema L. Ussery II has joined the organization as President, Global Sports Categories, effective September 14, 2015. In this position, Mr. Ussery will be responsible for spearheading category administration across all key brand and business units around the world to drive authenticity and connectivity with consumers.
“Terdema is a highly respected leader with an extraordinary reputation and track record of success,” said Kevin Plank, CEO and Founder of Under Armour. “Under Armour is a global growth company and with the addition of Terdema to our team we have one of the best in the business assisting to drive the brand forward.”
Under Armour, Inc., together with its auxiliaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.
Finally, Walt Disney Co (NYSE:DIS), ended its last trade with 0.65% gain, and closed at $119.07.
Be among the first to learn the secrets of what’s ahead on ABC’s most anticipated new and returning fall series; hear from some of the fairy tale residents of “Once Upon a Time” and the very talented performers from the new series “The Muppets”; and meet some of your favorite ABC stars in person during special signing sessions at D23 EXPO: The Ultimate Disney Fan Event, where all the worlds of Disney come together, August 14-16 at the Anaheim Convention Center.
Panels and Presentations
The Magic Behind The Muppets
Friday, August 14, 10:00 a.m., Stage 23
Calling all Muppet fans! Have you ever wondered what it’s like to work with the Muppets? Here’s your chance to find out firsthand when ABC presents a panel on the magic and art of being a Muppet Performer. Join these creative artists and some of your favorite characters, together with a few surprise guests, for a rare and unforgettable demonstration of what it takes to bring these iconic and enduring personalities to life.
Once Upon a Time: An Evening with Snow White & the Evil Queen
Saturday, August 15, 6:00 p.m., Stage 23
“Once Upon a Time’s” savior has gone dark! As Emma Swan transitions into her role as the Dark One, join the resident fairy tale characters as they cope with Emma’s new role and start the search for Merlin. This is a journey that will take our heroes from the Enchanted Forest to Camelot and along the way bring many surprises, counting Merida from “Brave,” as “Once Upon a Time” introduces its first Pixar character. Join co-creators and executive producers Edward Kitsis (“LOST”) and Adam Horowitz (“LOST”) together with series stars Ginnifer Goodwin and Lana Parrilla as they talk about the forthcoming season of unpredictable twists, evolving characters, new adventures and new rivalries. This panel is sure to bring some surprises you don’t want to miss and an exclusive sneak peek at the forthcoming season premiere! The Q&A with this fairy tale team will be moderated by D23’s Jeffrey Epstein.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
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