On Thursday, Shares of Invesco Ltd. (NYSE:IVZ), lost -2.50% to $33.49.
Invesco Ltd. (IVZ) stated financial results for the three months ended September 30, 2015.
Assets Under Administration
Total assets under administration (AUM) at September 30, 2015, were $755.8 billion (June 30, 2015: $803.6 billion), a decrease of $47.8 billion during the third quarter. Total net outflows were $6.3 billion for the third quarter.
Net market losses led to a $35.6 billion decrease in AUM during the third quarter, contrast to a $6.2 billion decrease in the second quarter 2015. Foreign exchange rate movements led to a $5.9 billion decrease in AUM during the third quarter, contrast to a $8.5 billion improvement in the second quarter 2015. Average AUM during the third quarter were $788.9 billion, contrast to $810.9 billion for the second quarter 2015, a decrease of 2.7%.
Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment administration industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific.
Shares of Cavium Inc (NASDAQ:CAVM), declined -3.92% to $69.16, during its last trading session.
Cavium, declared financial results for the third quarter ended September 30, 2015.
Net revenue in the third quarter of 2015 was $105.1 million, a 0.1% sequential improvement from the $105.0 million stated in the second quarter of 2015 and a 7.4% year-over-year improvement from the $97.8 million stated in the third quarter of 2014.
Generally Accepted Accounting Principles (GAAP) Results
Net income in the third quarter of 2015 was $4.2 million, or $0.07 per diluted share, contrast to net loss of $6.4 million, or $(0.11) per diluted share in the second quarter of 2015. Gross margins were 65.5% in the third quarter of 2015 contrast to 64.1% in the second quarter of 2015. Total cash and cash equivalents were $131.0 million at September 30, 2015.
Non-GAAP Results
Cavium believes that the presentation of non-GAAP financial measures provides important supplemental information to administration and investors regarding financial and business trends regarding Cavium’s financial condition and results of operations. These measures should only be used to evaluate Cavium’s results of operations in conjunction with the corresponding GAAP measures. The reconciliation between GAAP and non-GAAP financial results is offered in the financial statements portion of this release.
In the third quarter of 2015, Non-GAAP net income was $22.5 million, or $0.38 per diluted share. Non-GAAP gross margin was 65.9% and Non-GAAP operating margin (non-GAAP income from operations as a percentage of revenue) was 21.8%.
Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Company’s products comprise OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Company’s OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing.
Finally, Shares of Duke Energy Corp (NYSE:DUK), ended its last trade with 0.03% gain, and closed at $71.57.
Duke Energy Corp, declared a quarterly cash dividend on its common stock of $0.825 per share payable on Dec. 16, 2015, to shareholders of record at the close of business Nov. 13, 2015.
Duke Energy has paid a cash dividend for 89 successive years.
Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities, International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.