On Tuesday, Following Stocks were among the “Top Gainers” of U.S. Stock Market: Movado Group, (NYSE:MOV), Coronado Biosciences, (NASDAQ:CNDO), Gran Tierra Energy, (NYSEMKT:GTE), Under Armour, (NYSE:UA)
Movado Group, (NYSE:MOV), with shares gained 11.28%, closed at $28.52.
Coronado Biosciences, (NASDAQ:CNDO), with shares jumped 8.76%, settled at $3.85.
Gran Tierra Energy, (NYSEMKT:GTE), with shares climbed 5.41%, and closed at $2.73.
Under Armour, (NYSE:UA), surged 1.05%, and closed at $80.75.
Latest NEWS regarding these Stocks are depicted underneath:
Movado Group, Inc. (NYSE:MOV)
Movado Group, Inc. (MOV), declared fourth quarter and fiscal year 2015 results for the periods ended January 31, 2015.
Fourth Quarter Fiscal 2015 Results Contrast to Fourth Quarter Fiscal 2014 Results on a GAAP Basis:
- Net sales were $133.9 million contrast to $132.3 million in the fourth quarter of fiscal 2014. Net sales on a constant dollar basis raised 4.3% contrast to the fiscal 2014 fourth quarter.
- Gross profit was $67.4 million, or 50.3% of sales, contrast to $69.3 million, or 52.4% of sales, in the fiscal 2014 fourth quarter.
- Operating expenses were $57.3 million, or 42.8% of net sales from $62.6 million, or 47.4% of net sales in the fourth quarter last year.
- Operating revenue totaled $10.1 million contrast to operating revenue of $6.6 million in the fiscal 2014 fourth quarter.
- Provision for revenue tax was $33,000 contrast to a tax benefit of $793,000 in the fiscal 2014 fourth quarter.
- Net revenue was $10.1 million, or $0.40 per diluted share contrast to $7.2 million, or $0.28 per diluted share, in the fiscal 2014 fourth quarter.
Movado Group, Inc. designs, sources, markets, and distributes fine watches. The corporation operates in two segments, Wholesale and Retail. It offers its watches under the Coach, Concord, Ebel, ESQ, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brands to jewelry store chains, department stores, independent regional jewelers, licensed partner retail stores, and a network of independent distributors.
Coronado Biosciences, Inc. (NASDAQ:CNDO)
Formerly on March 19, Coronado Biosciences, Inc. (CNDO), declared the execution of an exclusive license contract with NeuPharma, Inc. to develop and commercialize novel irreversible, 3rd Generation EGFR inhibitors on a worldwide basis outside of certain Asian countries. The program is presently in pre-clinical development. Under the terms of the contract, Coronado will pay NeuPharma an up-front licensing fee in addition to make development and sales-based milestone payments and will pay a tiered single digit royalty on net sales.
“We are very happy to be collaborating with Coronado. This partnershipwill greatly accelerate the global development and commercialization of our 3rd Generation EGFR inhibitors discovered using our structure-based drug design platform,” stated Shawn Qian, Ph.D., President and CEO of NeuPharma.
Coronado Biosciences, Inc., a biopharmaceutical corporation, develops novel immunotherapy agents for the treatment of autoimmune diseases and cancer. Its principal pharmaceutical product candidates in clinical development comprise Trichuris suis ova or CNDO-201, a biologic comprising the microscopic eggs of the porcine whipworm for the treatment of autoimmune diseases, such as Crohn’s disease, ulcerative colitis, or autism spectrum disorder; and CNDO-109, a biologic that activates the immune system’s natural killer cells to seek and destroy cancer cells for the treatment of acute myeloid leukemia.
Gran Tierra Energy, Inc. (NYSEMKT:GTE)
Formerly on March 12, Gran Tierra Energy, Inc. (GTE), declared cost reductions in line with its strategy to preserve its strong balance sheet and maximize potential for future growth. All dollar amounts are in United States dollars unless otherwise indicated.
Gran Tierra has identified a number of predictable cost savings for 2015:
- Gran Tierra has significantly reduced full-time employees. The reduction is predictable to exceed 20% from previous staffing levels, to contribute to an overall projected 22% reduction from 2014 general and administrative costs, not including one-time termination costs and after allocations to capital and operating expenses. A few replacements for certain positions may be considered in the future, but the majority will not be replaced in the current environment;
- In 2015, Gran Tierra anticipates to realize $14 million in total budgeted labor cost savings associated with the reduced full-time employees and contractors, not including one-time termination costs and before allocations to capital and operating expenses. On an annualized basis the budgeted labor cost savings are predictable to be about $19 million before allocations to capital and operating expenses and not including one-time termination costs;
- Gran Tierra is in ongoing negotiations with suppliers and service providers to achieve further savings that it anticipates to further reduce operating costs;
- In Colombia, as a result of negotiations with Gran Tierra’s crude oil transporters and a planned raise use of pipelines instead of trucking to transport oil, reduced transportation costs are anticipated to result in the Corporation realizing a net savings of about $5.20 per barrel of oil equivalent (“BOE”). Gran Tierra plans to ship about 75% of production via pipeline in 2015 contrast to 48% shipped via pipeline in 2014. These plans are supported by reduced downtime practiced on the Oleoducto Transandino (“OTA”) pipeline and by new alternate arrangements for shipping via the Oleoducto de Crudos Pesados (“OCP”) pipeline through Ecuador. The OCP pipeline is the primary transportation alternative when OTA is not accessible. Gran Tierra has also negotiated trucking tariff reductions of between 5% and 8%.
- Due to the continued low oil price environment, Gran Tierra anticipates to pay lower “High Priced Rights” royalties and current taxes in Colombia; and,
- As a result of the strengthening of the U.S. dollar against the local currencies in countries where Gran Tierra operates, the Corporation anticipates to realize noteworthy savings for costs denominated in those local currencies.
Gran Tierra Energy Inc., an independent energy corporation, engages in the attainment, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil.
Under Armour, Inc. (NYSE:UA)
Under Armour, Inc. (UA), will report the results of its first quarter ended March 31, 2015 on Tuesday, April 21, 2015 at 7:15 a.m. ET. Under Armour administration will host a conference call to talk about the results starting at 8:30 a.m. ET. This call will be webcast live at http://investor.underarmour.com/events.cfm and will be archived and accessible for replay about three hours after the live event.
Under Armour (UA), the originator of performance footwear, apparel and equipment, revolutionized how athletes across the world dress. Designed to make all athletes better, the brand’s innovative products are sold worldwide to athletes at all levels.
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