On Thursday, Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM), lost -2.90% to $40.79.
At the International SoC Design Conference (ISOCC) 2015 in Gyeongju, South Korea, Maxim Integrated Products, Inc. (MXIM) will present a paper exploring how wearable sports and fitness technologies improve wellness and athletic performance.
The ISOCC paper, written by Damian Anzaldo, Principal Member of Technical Staff at Maxim Integrated, will cover:
- The wearable sports technology market landscape
- System-on-Chip (SoC) technical trends in the area of wearable sports and fitness technology
- Wearable solutions such as smart clothing and equipment embedded sensors
- Trends in low-power and secure computing
Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
Shares of Hershey Co (NYSE:HSY), inclined 0.82% to $88.96, during its last trading session.
The Hershey Company, declared sales and earnings for the third quarter ended October 4, 2015. Merged net sales were $1,960.8 million contrast with $1,961.6 million for the third quarter of 2014. Stated net income for the third quarter of 2015 was $154.8 million or $0.70 per share-diluted, contrast with $223.7 million or $1.00 per share-diluted for the comparable period of 2014.
For the first nine months of 2015, merged net sales were $5,477.4 million contrast with $5,411.7 million for the first nine months of 2014. Stated net income for the first nine months of 2015 was $299.6 million or $1.35 per share-diluted, contrast with $644.4 million or $2.86 per share-diluted for the first nine months of 2014.
Third-Quarter Performance
Merged net sales were $1,960.8 million in the third quarter, in line with the third quarter of 2014. Not Taking Into Account the effect of foreign currency translation, which was greater than estimates and a 2.0 point headwind, net sales raised 2.0% as contrast to the year ago period. Price realization, primarily in the U.S., was a 5.8 point benefit. Volume was off 4.3 points due primarily to elasticity related to the formerly declared price improvement and lower sales in China. Net acquisitions and divestitures were a 0.5 point benefit. North America net sales were below expectations due to the aforementioned lower consumer trips and a decline of in-store merchandising and programming at some retailers. International and Other net sales, not taking into account the benefit of the Shanghai Golden Monkey (SGM) acquisition and unfavorable foreign currency exchange rates, declined as contrast to a year ago due primarily to the underperformance of Hershey’s chocolate business in China.
Adjusted gross margin was 46.0% in the third quarter of 2015, contrast to 43.8% in the third quarter of 2014. The 220 basis point improvement was driven by net price realization, supply chain productivity and costs savings initiatives, partially offset by higher commodity costs and unfavorable sales mix.
The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Company’s principal confectionery offerings comprise chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products.
Finally, Shares of Wendys Co (NASDAQ:WEN), ended its last trade with -2.68% loss, and closed at $9.07.
The Wendy’s Company, declared that its Board of Directors has authorized a 9 percent improvement in the quarterly cash dividend rate from 5.5 cents to 6 cents per share. The improvement will be effective with the next quarterly cash dividend, which is payable December 15, 2015, to shareholders of record as of December 1, 2015.
The approximate number of common shares outstanding as of October 26, 2015 was 273.4 million.
The Wendy’s Company is the parent company of its wholly owned partner holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States.