On Monday, Shares of Zynga, Inc. (NASDAQ:ZNGA), gained 1.40% to $2.90.
Zynga, declared financial results for the first quarter ended March 31, 2015.
Business and Audience Highlights
- Outperformed high end of Q1’15 outlook with bookings of $167.4 million, Adjusted EBITDA of $2.1 million and Non-GAAP net loss of $6.7 million in the first quarter of 2015.
- Continued to make progress in our transition to mobile, with mobile bookings now 63% of total bookings in the first quarter of 2015 — up 84% year over year.
- Grew average daily bookings per average DAU (ABPU) 18% year over year.
- Drove mobile audience growth, with first quarter mobile daily users up 18% year over year and 9% sequentially and mobile monthly audience up 29% year over year and 9% sequentially.
- Ongoing efforts to grow and sustain Zynga’s core franchises — FarmVille, Zynga Casino and Words With Friends — resulted in 28% aggregate growth year over year in terms of first quarter bookings across the franchises.
- Zynga Casino franchise delivered bookings growth of 55% year over year and 14% sequentially.
- In the first quarter 2015, we reached the mobile Action Strategy and mobile Match 3 categories with the geo-lock launches of Dawn of Titans, Empires & Allies and FarmVille: Harvest Swap.
Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe. The company offers its online social games under the FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots.
Shares of Mylan N.V. (NASDAQ:MYL), inclined 0.45% to $71.63, during its last trading session.
Mylan, declared its financial results for the quarter ended March 31, 2015.
Highlights
- Total revenues of $1.87 billion, up 15% on a constant currency basis as compared to the preceding year period. Foreign currency exchange rates negatively influenced revenues in Q1 by $93 million.
- Generics segment third party net sales of $1.64 billion, up 15% on a constant currency basis, with positive growth across all regions
- Specialty segment third party net sales of $211.1 million, up 8%
- Adjusted gross profit of $990.6 million, up 14%; GAAP gross profit of $830.1 million, up 13%
- Adjusted gross margin of 53%, up 240 basis points; GAAP gross margin of 44%, up 140 basis points
- Adjusted diluted earnings per ordinary share (“EPS”) of $0.70, up 6%; GAAP diluted EPS of $0.13, down 55% as a result of acquisition costs from the acquisition of Abbott’s non-U.S. developed markets specialty and branded generics business (“EPD Business”)
- Adjusted cash offered by operating activities of $336 million, up 17%; GAAP net cash offered by operating activities of $267 million, flat as compared to the preceding year period
- Adjusted free cash flow of $288 million, up 35%
- Successfully accomplished the acquisition of the EPD Business.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
At the end of Monday’s trade, Shares of Whole Foods Market, Inc. (NASDAQ:WFM), gained 0.33% to $42.72.
Whole Foods Market, stated results for the 12-week second quarter ended April 12, 2015. For the quarter, total sales raised 10% to a record $3.6 billion. Comparable store sales on a constant currency basis raised 3.6%, counting an estimated 50 basis point positive impact from Easter shifting from the third quarter last year to the second quarter this year. Earnings before interest, taxes, depreciation and amortization were $355 million, or 9.7% of sales. Diluted earnings per share were $0.44, a 14% enhance over the preceding year. Results comprise a non-routine supplier credit of $7 million, or $0.01 in diluted earnings per share.
During the quarter, the Company produced $322 million in cash flow from operations and invested $206 million in capital expenditures, resulting in free cash flow of $116 million. In addition, the Company returned $47 million in quarterly dividends to shareholders and repurchased $47 million of common stock, or 0.9 million shares. The Company ended the quarter with total cash and cash equivalents, restricted cash, and investments of about $1.1 billion. Return on invested capital raised 68 basis points to 15%.
Whole Foods Market, Inc. operates as a retailer of natural and organic foods. The company’s stores offer produce and floral, grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, and body care products, in addition to lifestyle products, counting books, pet products, and household products.
Finally, The Bank of New York Mellon Corporation (NYSE:BK), ended its last trade with -0.37% loss, and closed at $43.25, hitting its highest level.
The Bank of New York Mellon, declared it accomplished its tri-party repo risk reduction initiative in support of the recommendations of the Task Force for U.S. Tri-Party Repo Infrastructure Reform. As part of these efforts, BNY Mellon reduced the secured credit extended in the tri-party repo market by $1.44 trillion, or 97%, resulting in the practical elimination of such credit in its program, which was a critical Task Force aim outlined in 2012.
This milestone marks the conclusion of a multi-year cooperative effort by BNY Mellon, its clients and other market participants to restructure the U.S. tri-party repo market. It also demonstrates the company’s proven ability to use technology to respond to market challenges and anticipate client needs.
In addition to the intraday credit reduction, BNY Mellon introduced a wide range of enhancements that provide meaningful benefits to its clients and highlight the company’s service quality and technology leadership. Key enhancements comprise the following:
- Automated Deal Matching captures instructions independently from repo counterparties and ensures all parameters of a tri-party repo trade match preceding to settlement, which improves the timing, transparency and accuracy of such trades.
- Auto Collateral Exchange allows tri-party repo trade collateral to automatically substitute securities for cash, significantly upgrading the way collateral is optimized and allocated.
- Rolled trade functionality enables BNY Mellon to pair off or “roll” a new tri-party trade with a maturing tri-party trade when the counterparties and collateral plans are the same. This reduces the amount of dealer liquidity needed to settle the trades and accelerates the settlement process.
- Rebalancing capabilities that allow dealers to use a limited amount of intraday credit by providing them with the ability to transfer securities among tri-party trades in projected “what if” scenarios and then apply the projected allocation to the live trades.
- A settlement algorithm that powers the simultaneous exchange of cash and securities to settle maturing and new repo trades, in addition to providing a transparent process for collateral providers to settle and pay their maturing tri-party repo trades so as not to benefit any individual collateral receiver over other receivers.
- A web-based, real time credit line monitoring dashboard that dealers use to monitor their actual or projected intraday credit usage.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
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