On Friday, Cavium Inc(NASDAQ:CAVM)’s shares declined -0.50% to $67.80.
Cavium, Inc. (CAVM), a leading provider of semiconductor products that enable secure and intelligent processing for enterprise, data center, wired and wireless networking, declared financial results for the second quarter ended June 30, 2015.
Generally Accepted Accounting Principles (GAAP) Results
Net loss in the second quarter of 2015 was $6.4 million, or $(0.11) per diluted share, contrast to $13.9 million, or $(0.25) per diluted share in the first quarter of 2015. Gross margins were 64.1% in the second quarter of 2015 contrast to 64.8% in the first quarter of 2015. Total cash and cash equivalents were $122.0 million at June 30, 2015.
Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks in United States and internationally. It offers integrated semiconductor processors for wired and wireless networking, communications, storage, cloud, wireless, security, video, and connected home and office applications.
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)’s shares gained 1.18% to $146.27.
BioMarin Pharmaceutical Inc. (BMRN) declared that Jean-Jacques Bienaime, Chief Executive Officer of BioMarin, will host a conference call and webcast on Monday, August 3, at 4:30 p.m. ET to talk about second quarter 2015 financial results and provide a general business update.
BioMarin Pharmaceutical Inc. develops and commercializes pharmaceuticals for serious diseases and medical conditions in the United States, Europe, Latin America, and internationally. Its commercial products comprise Vimizim, an enzyme replacement therapy for the treatment of MPS IV A, a lysosomal storage disorder; Naglazyme, a recombinant form of N-acetylgalactosamine 4-sulfatase for patients with mucopolysaccharidosis VI; Kuvan, a proprietary synthetic oral form of 6R-BH4 used to treat patients with phenylketonuria (PKU), an inherited metabolic disease; Aldurazyme used for the treatment of patients with mucopolysaccharidosis I, a genetic disease; Firdapse, a form of 3,4-diaminopyridine used for the treatment of Lambert Myasthenic Syndrome, an autoimmune disease.
At the end of Friday’s trade, Lockheed Martin Corporation(NYSE:LMT)‘s shares surged 0.27% to $207.10.
United Technologies Corp. (UTX) declared that it has reached a contract to sell its Sikorsky Aircraft business to Lockheed Martin Corp. (LMT) for $9 billion in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the first quarter of 2016. Proceeds from the sale are predictable to be used to fund additional share repurchase to offset the earnings impact related to the sale.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
Servicemaster Global Holdings Inc (NYSE:SERV), ended its Friday’s trading session with 1.79% gain, and closed at $38.73.
Servicemaster Global Holdings Inc (SERV) raised the number of directors serving on the Board from eight to nine and filled the vacancy created by such newly-created directorship by appointing Mark E. Tomkins. Mr. Tomkins will serve as a Class III Director, where his initial term will expire at the Company’s 2017 annual stockholders meeting. The Board determined, after considering all of the relevant facts and circumstances, that Mr. Tomkins is “independent” as defined under NYSE listing standards. The Board also determined that Mr. Tompkins is an “audit committee financial expert” as defined by SEC rules and is “financially literate” as defined under NYSE listing standards and designated him to serve as a member of the Audit Committee of the Board. In connection with Mr. Tomkins’ appointment, Sarah Kim resigned as member of the Audit Committee. As a result, the Company’s Audit Committee is now entirely comprised of independent directors.
ServiceMaster Global Holdings, Inc. provides residential and commercial services in the United States. It operates in three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, counting termite remediation, annual termite inspection and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.
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