On Thursday, Shares of Qorvo, Inc. (NASDAQ:QRVO), dropped -1.62% to $73.27.
Qorvo, will host a conference call to review fiscal 2015 fourth quarter financial results on Wednesday, May 6, 2015, at 5:00 p.m. (ET).
Qorvo will distribute fiscal 2015 fourth quarter financial results at about 4:00 p.m. (ET) on Wednesday, May 6, 2015.
Qorvo, Inc. provides technologies and radio frequency solutions for mobile, infrastructure, and aerospace/defense applications in the United States and internationally.
Shares of Altera Corp. (NASDAQ:ALTR), declined -1.60% to $42.09, during its last trading session.
Altera Corporation, declared first quarter sales of $435.5 million, down 9 percent from the fourth quarter of 2014 and down 6 percent from the first quarter of 2014. First quarter net income was $94.9 million, $0.31 per diluted share, contrast with net income of $111.1 million, $0.36 per diluted share, in the fourth quarter of 2014 and $116.5 million, $0.37 per diluted share, in the first quarter of 2014.
Cash flow from operating activities was $136.6 million. Altera repurchased about 1.6 million shares during the quarter at a cost of about $57.5 million.
Altera’s board of directors has declared a quarterly cash dividend of $0.18 per share, to be paid on June 1, 2015 to shareholders of record on May 11, 2015.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
At the end of Thursday’s trade, Shares of Juniper Networks, Inc. (NYSE:JNPR), dwindled -1.60% to $24.
Juniper Networks, stated preliminary financial results for the three months ended March 31, 2015 and offered its outlook for the three months ending June 30, 2015.
Net revenues for the first quarter of 2015 reduced 9% year-over-year and reduced 3% sequentially to $1,067 million (normalized for Junos Pulse sale: decrease of 6% year-over-year).
Juniper’s operating margin for the first quarter of 2015 raised to 12.3% on a GAAP basis, from (63.7%) in the fourth quarter of 2014, and raised from (0.5%) in the first quarter of 2014. Not taking into account the non-cash goodwill impairment charge related to its security reporting unit, the GAAP operating margin for the fourth quarter of 2014 would have been 13.5%. Non-GAAP operating margin for the first quarter of 2015 reduced to 18.5% from 21.9% in the fourth quarter of 2014, and raised from 17.2% in the first quarter of 2014.
Juniper posted GAAP net income of $80.2 million, or $0.19 per diluted share for the first quarter of 2015. Non-GAAP net income was $131.6 million, or $0.32 per diluted share for the first quarter of 2015. Non-GAAP net income per diluted share reduced 22% contrast to the fourth quarter of 2014, and raised 10% contrast to the first quarter of 2014.
Juniper Networks, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform.
Finally, Pepsico, Inc. (NYSE:PEP), ended its last trade with -1.59% loss, and closed at $95.73.
PepsiCo, stated organic revenue growth of 4.4 percent and core earnings per share of $0.83 for the first quarter.
Summary of First Quarter Financial Performance:
- Organic revenue grew 4.4 percent and stated net revenue declined 3 percent. Foreign exchange translation had an 8-percentage-point unfavorable impact on stated net revenue.
- Developing and emerging market organic revenue grew 10 percent. On a stated basis, developing and emerging market net revenue declined 12 percent, reflecting unfavorable foreign exchange translation, in particular, related to the Russian ruble, Venezuelan bolivar, euro, and Mexican peso.
- Core gross margin and core operating margin expanded 150 basis points and 20 basis points, respectively. Operating margin improvement reflects the implementation of effective revenue administration strategies and productivity initiatives, partially offset by an impairment charge and raised advertising and marketing expense. Stated gross margin raised 100 basis points while stated operating margin raised 40 basis points.
- Core constant currency operating profit raised 8 percent. Core results comprise the impacts of a $39 million pre-tax gain related to a refranchising and a $65 million pre-tax impairment charge in the current-year quarter, in addition to the lapping of a $31 million pre-tax gain related to the sale of agricultural assets in the preceding year. Not taking into account these items, core constant currency operating profit raised 11 percent. Stated operating profit was down 1 percent and also reflects unfavorable foreign exchange translation, restructuring charges, and the mark-to-market net impact on commodity hedges.
- The company’s core effective tax rate was 23.0 percent, which compares to 23.7 percent in the preceding-year quarter. The stated effective tax rate was 23.1 percent, below the preceding-year quarter of 24.1 percent.
- Core EPS was $0.83 and stated EPS was $0.81. Core EPS excludes a negative net impact of $0.02 per share from restructuring charges.
- Cash flow offered by operating activities was $270 million, which compares to $181 million in the preceding-year quarter. Free cash flow not taking into account certain items was $57 million, which compares to a $135 million use of cash in the preceding-year quarter.
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.
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