During Thursday’s current trade, Shares of MobileIron, Inc. (NASDAQ:MOBL), dipped -28.35%, and is now trading at $6.80, hitting its lowest level.
MobileIron, declared preliminary results for the first quarter of fiscal year 2015 ended March 31, 2015.
Gross billings for the quarter are predictable to be in the range of $35.5-$37.0 million, below the company’s guidance of $40.0-$42.0 million. Recurring billings as a percentage of gross billings raised from 57% in the fourth quarter of 2014 to about 65% in the first quarter of 2015. Total non-GAAP revenue is predictable to be between $32.0-$33.0 million, contrast to guidance of $34.0-$37.0 million. Non-GAAP revenue excludes perpetual license revenue recognized from licenses delivered preceding to 2013. Cash from operations is predictable to be in the range of negative $10.0 to $11.0 million. The company ended the quarter with cash and equivalents plus short-term and long-term investments of about $132.0 million.
These preliminary, unaudited financial results are based on administration’s initial review of operations for the quarter ended March 31, 2015, and remain subject to change based on administration’s ongoing review of the first quarter results.
MobileIron will report final results for the first quarter of fiscal year 2015 on Thursday, April 30, 2015 after the close of the market and host a conference call and live webcast at 1:30 p.m. Pacific Daylight Time (4:30 p.m. EDT) to talk about the company’s financial results and business highlights.
MobileIron, Inc. provides a purpose-built mobile IT platform that enables enterprises to secure and manage mobile applications, content, and devices while providing their employees with device choice, privacy, and a native user experience.
During Morning trade, Shares of Voltari Corporation (NASDAQ:VLTC), dropped -15.41%, and is now trading at $12.86, shedding some of its large gains from the past three weeks.
Since March 31, shares of Voltari have surged more than 1,464% on reports that billionaire investor Carl Icahn raised his stake in the company.
Icahn revealed on March 31 that he attained about 4 million additional shares of Voltari at an average price of $1.36 per share. He now has a 52.3% stake in the company, according to Reuters.
Icahn formerly owned 29.8% of Voltari, which used to be known as Motricity. Icahn first bought 678,203 shares of Voltari during the second quarter of 2013.
Voltari Corporation, together with its auxiliaries, provides relevance-driven merchandising, digital marketing, and advertising solutions, primarily over smartphones and other mobile devices to brands, marketers, and advertising agencies. It also offers predictive analytics services. The company was founded in 2001 and is headquartered in New York, New York.
Shares of Ericsson (NASDAQ:ERIC), during its Thursday’s current trading session lost -9.53%, and is now trading at $11.50.
Ericsson stated first quarter results 2015.
Business
In the quarter, sales growth was strong in India and North East Asia.
Professional Services sales raised YoY with a continued good global demand for our services offering. We signed 27 managed services contracts in the quarter, counting a major multi-country contract in Europe.
As anticipated, segment Networks mobile broadband business in North America continued to be slow in the quarter as operators remained focused on cash flow optimization in order to finance major acquisitions and spectrum auctions. The decline in North America was partly offset by a continued fast pace of 4G deployments in Mainland China. As a consequence, the business mix shifted to a higher share of coverage projects in the quarter.
Consumer demand and mobile data traffic growth continued to be strong in North America, creating further need for quality and capacity investments. However, with current visibility, we anticipate the fast pace of 4G deployments in Mainland China to continue and the North American mobile broadband business to remain slow in the short term.
Profitability
Operating income declined YoY, primarily driven by lower profitability in segment Networks due to the above mentioned change in business mix and raised operating expenses. This was partly offset by significantly improved operating income in segment Global Services, mainly driven by Network Rollout. There were no losses related to the modems business in the quarter.
The underlying margin, not taking into account restructuring charges and hedge losses, improved YoY. The net currency effect contributed positively to the operating income, considering transaction and translation exposure in addition to the negative currency hedge effect.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud.
Finally, PulteGroup, Inc. (NYSE:PHM), lost -7.84% Thursday.
PulteGroup, declared financial results for its first quarter ended March 31, 2015. For the quarter, the Company stated net income of $55 million, or $0.15 per share. Preceding year net income of $75 million, or $0.19 per share, comprises a net benefit of $0.02 per share regarding the reversal of mortgage repurchase reserves partially offset by expenses associated with debt redemption charges.
Home sale revenues for the first quarter were $1.1 billion, which was comparable with the preceding year. Revenues for the quarter reflect a 2% rise in average selling price to $323,000, offset by a 2% decrease in closings to 3,365 homes. The higher average selling price was the result of price raises realized across all three of the Company’s national brands: Centex, Pulte and Del Webb.
Home sale gross margin for the quarter was 22.7% which was in line with Company guidance. Margins for the period reflect the influence of a 30 basis point reduction from acquisition accounting associated with the Company’s 2014 purchase of certain assets from Dominion Homes. Homebuilding SG&A expense for the period was $161 million, or 14.8% of home sale revenues, contrast with $145 million, or 13.3% of home sale revenues, in the comparable preceding year quarter.
For the quarter, net new orders gained 6% over the preceding year to 5,139 homes. The dollar value of net new orders also raised 6% over the preceding year to $1.7 billion. For the quarter, the Company operated out of 613 communities which is an raise of 5% over last year.
PulteGroup’s backlog at quarter end totaled 7,624 homes valued at $2.6 billion, contrast with preceding year backlog of 7,199 homes valued at $2.4 billion. The average price in backlog of $336,000 is consistent with backlog as of March 31, 2014, and up 1% over December 31, 2014.
The Company’s financial services operations stated pretax income of $5 million for the quarter, contrast with pretax income of $22 million in the preceding year. First quarter 2014 pretax income comprised of a $19 million benefit regarding the reversal of a portion of the Company’s mortgage repurchase reserves. Mortgage capture rate for the quarter was 82% contrast with 78% in the comparable preceding year period.
The Company ended the quarter with $1.1 billion of cash after investing $484 million in land and repurchasing 4.6 million shares of common stock in the period for $100 million, or an average price of $21.75 per share.
PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land.
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