During Thursday’s Morning trade, Shares of Syneron Medical Ltd. (NASDAQ:ELOS), gained 0.16% to $6.12.
Syneron Medical, declared financial results for the three month period ended September 30, 2015.
Third Quarter 2015 and Recent Non-GAAP Highlights:
- Revenue of $62.1 million, contrast to $60.3 million in the third quarter 2014, up 3% year-over-year, or 8% in constant currency
- North American product sales grew 15% year-over-year
- Non-GAAP gross margin of 57.0%, or 58.9% in constant currency, contrast to 55.6% in Q3 2014
- Non-GAAP net income of $0.9 million, or $0.03 per share, contrast to $0.9 million and $0.03 per share in Q3 2014
- Repurchased $4.4 million of common stock during third quarter; Board of Directors approved acceleration of share repurchase program
Amit Meridor, Chief Executive Officer of Syneron Medical, said, “We achieved a fourth successive quarter of double digit product revenue growth in North America and strong growth in the Asia Pacific region. However, our overall growth was tempered by two factors: the loss of a CoolTouch OEM customer and weakness in the EMEA region. The loss of the CoolTouch OEM customer was the result of an unforeseen change in ownership, which influenced revenue by about $2 million because they right away suspended their contract and planned deliveries for the quarter. Given this development, we are evaluating alternatives for the CoolTouch OEM business. The weakness in the EMEA region was due to raised seasonality, a weak economic environment, in addition to market conditions that are driving pricing pressure and our decision to protect margins and maintain pricing discipline in this region. EMEA revenue was down $3.3 million in the quarter, an 18% year-over-year decline, or 11% in constant currency.
Shares of AngloGold Ashanti Limited (ADR) (NYSE:AU), declined -0.57% to $7.03, during its current trading session.
The Tropicana Gold Mine, celebrated production of its 1 millionth ounce on plan, just over two years since pouring first gold.
“We poured first gold at Tropicana in September 2013 and the fact that the mine has produced its millionth ounce on plan is testament to the hard work of everyone at the site and the support of our business partners,” said Michael Erickson, Senior Vice President Australia.
Tropicana, located 330 kilometers east-northeast of Kalgoorlie in Western Australia, is owned by AngloGold Ashanti Australia Ltd (70% and manager) and Independence Group NL (30%). The operation achieved the 1 million ounce milestone in October, in line with expectations outlined in the Bankable Feasibility Study, which was approved in November 2010. Tropicana is the first mine outside of South Africa that AngloGold Ashanti has discovered and then brought into production, improving the company’s global portfolio by bringing lower cost ounces into its production base.
AngloGold Ashanti Limited operates as a gold mining and exploration company. It also produces silver, uranium oxide, copper, molybdenum, and sulphur. The company has 20 operations and exploration projects in South Africa, Continental Africa, Australasia, and the Americas. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
Finally, Shares of Hilton Worldwide Holdings Inc (NYSE:HLT), lost -2.03%, and is now trading at $25.10.
In 2014, Americans left a total of 169 million paid vacation days on the table, according to a series of Skift studies. As 2015 comes to a close, Hilton Worldwide (HLT) continues to remind travelers that there is no time like the present to take time off, explore the unfamiliar and connect with family and friends. To round out its first year of @PLAY concerts, Hilton will welcome Neon Trees to Washington Hilton in Washington, D.C. for an exclusive performance on Saturday, Dec. 5.
Hilton HHonors members can redeem Points to attend the private concert, or experience other exclusive events, by visiting HHonors.com/auctions.
“After visiting New York, Dallas, Chicago and London, we’re excited to close out this year’s Hilton@PLAY concert series in the backyard of our McLean, Va., headquarters,” said Mark Weinstein, global head of customer engagement, loyalty and partnerships, Hilton Worldwide. “For nearly 100 years, Hilton has set the stage for some of the world’s most memorable and iconic moments. Next month, Neon Trees will join a list of famous musicians who have performed at Washington Hilton, counting The Doors, Jimi Hendrix and Stevie Wonder.”
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under the Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, Double Tree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations brands.