On Friday, in the course of current trade, Shares of Akamai Technologies, Inc. (NASDAQ:AKAM), dropped -0.87%, and is now trading at $73.77.
Akamai Technologies, and Telecom Italia, declared a partnership agreement to offer Content Delivery Network and web optimization services and solutions to Italian companies.
Driven by explosive growth in digital media, the initiative comprises Telecom Italia offering and marketing, within the Italian market, of Akamai’s suite of services (counting web acceleration and security) capable of providing optimum performance for the distribution of high-quality video and Internet content.
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
During an Afternoon trade, Shares of Raptor Pharmaceutical Corp. (NASDAQ:RPTP), dipped -1.96%, and is now trading at $13.50.
Raptor Pharmaceutical, declared financial results for the three and six months ended June 30, 2015 and offered an update on recent corporate developments.
Summary
Global net product sales for PROCYSBI(R) (cysteamine bitartrate) delayed-release capsules were $23.3 million for the second quarter ended June 30, 2015 contrast to $16.3 million for the same period in 2014, representing a growth of 43% year over year.
Raptor stated a net loss on a GAAP basis of $13.9 million for the second quarter, or $0.17 per share.
Cash and cash equivalents were $193.0 million while short-term investments were $27.5 million as of June 30, 2015. Cash balances were bolstered by $92.0 million in net proceeds from an underwritten public offering accomplished in April.
Raptor Pharmaceutical Corp., a biopharmaceutical company, focuses on developing and commercializing life-altering therapeutics that treat debilitating and often fatal diseases. The company offers PROCYSBI, a delayed-release capsule, which is used for the administration of nephropathic cystinosis in adults, in addition to in six years and older children in the United States, in the 28 member states of the European Union, Norway, Liechtenstein, and Iceland.
Shares of HSN, Inc. (NASDAQ:HSNI), during its Friday’s current trading session fell -4.65%, and is now trading at $63.79.
HSN, stated results for the second quarter ended June 30, 2015 for HSN, Inc. (“HSNi” or “Company”) and its two operating segments, HSN and Cornerstone.
Second Quarter 2015 Results vs Second Quarter 2014 Results
- HSNi’s net sales grew 4% over the preceding year to $885.6 million. HSN’s net sales raised 3% to $572.3 million, counting 11% growth in digital sales. Cornerstone’s net sales raised 5% to $313.3 million, counting 10% growth in digital sales.
- HSNi’s Adjusted EBITDA raised 10% to $90.0 million. HSN’s Adjusted EBITDA raised 9% to $68.2 million. Cornerstone’s Adjusted EBITDA raised 12% to $21.8 million. HSNi’s operating income, which comprises $3.0 million for certain costs associated with the planned closure of one of HSN’s distribution centers, raised 5% to $70.7 million.
- Adjusted EPS, which excludes $0.03 per diluted share for certain costs associated with the planned closure of one of HSN’s distribution centers, raised 7% to $0.81 contrast to $0.76 in the preceding year. Diluted EPS raised 3% to $0.78 contrast to $0.76 in the preceding year.
- During the second quarter, HSNi repurchased about 159,000 shares of its common stock at a cost of $10.4 million, representing an average cost of $65.59. Additionally, in August 2015, HSNi’s board of directors approved a quarterly cash dividend of $0.35 per share payable September 16, 2015 to shareholders of record as of September 2, 2015.
HSN, Inc. operates as an interactive multi-channel retailer in the United States. It operates through two segments, HSN and Cornerstone. The HSN segment offers jewelry, apparel and accessories, beauty and health, and home products, in addition to household, home design, electronics, culinary, and other products through television home shopping programming broadcast on the HSN television networks, the HSN.com Website, mobile applications, and outlet stores.
Finally, Corenergy Infrastructure Trust Inc (NYSE:CORR) , lost -1.35% Friday.
CorEnergy Infrastructure Trust, declared that its Board of Directors declared a second quarter 2015 dividend of $0.135 per share (or $0.54 cents per share annualized) for its common stock. The dividend is payable on August 31, 2015, to shareholders of record on August 17, 2015.
CorEnergy’s Board of Directors also confirmed its intent to enhance the annualized dividend rate to $0.60 per share startning with the distribution for the third quarter of 2015, which the Company anticipates to declare in late October 2015 for payment in November 2015.
CorEnergy Infrastructure Trust, Inc. is an energy infrastructure real estate investment trust. The Company is focused on acquiring and financing midstream and downstream real estate assets in the United States energy infrastructure sector.
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