During Thursday’s current trade, SanDisk Corporation (NASDAQ:SNDK)’s shares dwindled -4.91%, to $67.63.
Yesterday, SanDisk Corporation (SNDK), declared results for the first quarter ended March 29, 2015. First quarter revenue of $1.33 billion declined 12 percent on a year-over-year basis and reduced 23 percent sequentially.
On a GAAP(1) basis, first quarter net income was $39 million, or $0.17 per share, contrast to net income of $269 million, or $1.14 per share, in the first quarter of fiscal 2014 and $202 million, or $0.86 per share, in the fourth quarter of fiscal 2014. First quarter GAAP results comprise a $61 million impairment charge for an in-process R&D project from the Fusion-io acquisition and $41 million of restructuring and other charges.
On a non-GAAP(2)(3) basis, first quarter net income was $134 million, or $0.62 per share, contrast to net income of $330 million, or $1.44 per share, in the first quarter of fiscal 2014 and net income of $294 million, or $1.30 per share, in the fourth quarter of fiscal 2014. First quarter non-GAAP results comprise $41 million of restructuring and other charges. For a reconciliation of non-GAAP to GAAP results, see accompanying financial tables and footnotes.
NEWS HIGHLIGHTS
- SanDisk launched a new category of “Big Data Flash” with the launch of the InfiniFlashTM System, a next generation storage platform offering flash at massive scale and at a breakthrough cost metric for the customer.
- SanDisk declared its 48-layer, second-generation 3D NAND planned for use in a broad range of solutions from removable products to enterprise SSDs.
- SanDisk introduced iNAND® 7132, a 1Y-nanometer 3-bit-per-cell (X3) embedded storage solution for flagship mobile devices. The iNAND 7132 storage solution uses SmartSLC to drive near single-level-cell performance for high-performance, data-intensive applications.
- SanDisk introduced the 200GB* SanDisk Ultra® microSDXC™ UHS-I card, the world’s highest capacity microSDTM card for use in mobile devices.
- SanDisk introduced a suite of robust, automotive grade NAND flash solutions designed for next-generation ‘connected cars’ and automotive infotainment systems.
- SanDisk declared recently a second quarter 2015 dividend of $0.30 per share of common stock, payable on May 26, 2015 to stockholders of record as of the close of business on May 4, 2015.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
Alcatel Lucent SA (ADR) (NYSE:ALU)’s shares dipped -1.37% to $3.96, during the current trading session Thursday’s.
Alcatel-Lucent S.A. (NYSE: ALU) was downgraded to Neutral from Buy at Citigroup on the heels of the merger news.
On the other hand, according to Bloomberg, The cost of insuring Alcatel-Lucent SA’s debt dropped below that of Nokia Oyj for the first time as investors speculate that debt at the French telecommunications company will be reduced after the companies merge.
Credit-default swaps on Alcatel fell 12 basis points to 99 basis points, the lowest since June 2007, according to data compiled by Bloomberg. Swaps on Nokia rose 1.5 basis point to 114 basis points. Contracts on Alcatel were more than 300 basis points higher than those on Nokia in October.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
In a morning trade, Apple Inc (NASDAQ:AAPL)’s shares dropped -0.21%, to $126.52.
On April 13, Apple Inc (AAPL), updated Final Cut Pro® X, Motion and Compressor with new features for motion graphics and key enhancements to accelerate video editing, packaging and delivery. Final Cut Pro 10.2 introduces stunning 3D titles that are easy to use, improved masking for color grading and effects, and native support for more camera formats, in addition to GPU-accelerated RED RAW processing. Motion 5.2 extends the power of 3D titles with the ability to create custom materials and environments and instantly publish them to Final Cut Pro X. Compressor 4.2 makes it easy to package a movie for sale on the iTunes Store®.
“From Hollywood blockbuster directors to first time movie makers, Final Cut Pro X is changing the way we edit movies recently,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “The updated Final Cut Pro X, Motion and Compressor make it even easier to edit, title and package everything from short videos to feature-length films.”
“We loved using Final Cut Pro X to edit Focus,” said Glenn Ficarra and John Requa, co-directors of the 2015 feature film, Focus. “We created the final theatrical titles for the movie right in Final Cut Pro, and the new 3D titling and effects features will let us take in-app graphics even further. We’re using the new Final Cut Pro on our next feature film.”
Compressor 4.2 makes it easier than ever to prepare a movie for sale on the iTunes Store. Simply choose the movie, trailer, closed captions, and more, and Compressor creates an iTunes Store Package, which users can submit to an iTunes Delivery Partner for sale on the store. Compressor also delivers key performance improvements for encoding tasks, counting fast GPU rendering when using Send to Compressor and hardware-accelerated multi-pass H.264 encoding on compatible systems.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, and iPod shuffle.
Philip Morris International Inc (NYSE:PM), during its Thursday’s current trading session gained 8.26% to $84.58.
Today, Philip Morris International Inc (PM), declared its 2015 first-quarter results.
“Our strong first-quarter results are an excellent start to the year,” said André Calantzopoulos, Chief Executive Officer.
“Our organic volume and market share performance was better than we originally forecast, underpinned by the investments we made in 2014 and an improving operating environment this year.
2015 First-Quarter
- Stated diluted earnings per share of $1.16, down by $0.02 or 1.7% as compared to $1.18 in 2014
- Not including unfavorable currency of $0.31, stated diluted earnings per share up by $0.29 or 24.6% as compared to $1.18 in 2014 as detailed in the attached Plan 9
- Adjusted diluted earnings per share of $1.16, down by $0.03 or 2.5% as compared to $1.19 in 2014
- Not including unfavorable currency of $0.31, adjusted diluted earnings per share up by $0.28 or 23.5% as compared to $1.19 in 2014 as detailed in the attached Plan 8
- Cigarette shipment volume of 198.8 billion units, up by 1.4% not including acquisitions
- Stated net revenues, not including excise taxes, of $6.6 billion, down by 4.4%
- Not including unfavorable currency of $939 million and the influence of acquisitions, stated net revenues, not including excise taxes, up by 9.1% as detailed in the attached Plan 6
- Stated operating companies income of $3.0 billion, down by 2.2%
- Not including unfavorable currency of $585 million and the influence of acquisitions, stated operating companies income up by 17.2%
- Adjusted operating companies income, reflecting the items detailed in the attached Plan 7, of $3.0 billion, down by 2.9%
- Not including unfavorable currency and the influence of acquisitions, adjusted operating companies income up by 16.3%
- Stated operating income of $2.9 billion, down by 2.7%
2015 Full-Year Forecast
- PMI raises its 2015 full-year stated diluted earnings per share forecast to be in a range of $4.32 to $4.42, at prevailing exchange rates, as compared to $4.76 in 2014. Not including an unfavorable currency influence, at prevailing exchange rates, of about $1.15 for the full-year 2015, the stated diluted earnings per share range represents a projected raise of 9% to 11% as compared to adjusted diluted earnings per share of $5.02 in 2014, as detailed in the attached Plan 12, contrast to 8% to 10% as communicated in PMI’s previous forecast of February 2015
- This forecast comprises incremental spending as compared to 2014 for the deployment of PMI’s Reduced-Risk Product, iQOS. The spending, which is skewed towards the second half of the year, will support plans for national expansion in Japan and Italy, in addition to pilot or national launches in additional markets, later in 2015
- This forecast does not comprise any share repurchases in 2015
- This forecast excludes the influence of any future acquisitions, unanticipated asset impairment and exit cost charges, future changes in currency exchange rates and any unusual events. Factors described in the Forward-Looking and Cautionary Statements section of this release represent ongoing risks to these projections
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also owns various cigarette brands comprising Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia.
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