On Thursday, Pacific Sunwear of California, Inc. (NASDAQ:PSUN)’s shares declined -5.13% to $0.370.
Pacific Sunwear of California, Inc. (PSUN) declared that net sales for the second quarter of fiscal 2015 ended August 1, 2015, were $195.6 million as compared to net sales of $211.7 million for the second quarter of fiscal 2014 ended August 2, 2014. Comparable store sales for the second quarter of fiscal 2015 reduced 6%. The Company ended the second quarter of fiscal 2015 with 608 stores as compared to 618 stores a year ago.
On a GAAP basis, the Company stated net income of $8.3 million, or $0.12 per diluted share for the second quarter of fiscal 2015, contrast to net income of $7.5 million, or $0.10 per diluted share for the second quarter of fiscal 2014. The net income for the Company’s second quarter of fiscal 2015 comprised of a non-cash gain of $15.7 million, or $0.22 per diluted share, contrast to a non-cash gain of $10.4 million, or $0.14 per diluted share, for the second quarter of fiscal 2014 related to the derivative liability that resulted from the issuance of the Convertible Series B Preferred Stock (the “Series B Preferred”) in connection with the term loan financing the Company accomplished in December 2011.
Pacific Sunwear of California, Inc., together with its subsidiaries, operates as a specialty retailer in the action sports, fashion, and music influences of the California lifestyle. It sells a combination of branded and proprietary casual apparel, accessories, and footwear designed for teens and young adults.
Adobe Systems Incorporated (NASDAQ:ADBE)’s shares gained 0.23% to $78.70.
Adobe (ADBE) declared it will webcast its third quarter fiscal year 2015 earnings conference call to be held next week.
What: Adobe Third Quarter Fiscal Year 2015 Earnings Conference Call
When: 2:00 p.m. Pacific Time, Thurs., Sept. 17, 2015
Where: www.adobe.com/ADBE
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segments flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, in addition to their administration in marketing departments and agencies, companies, and publishers.
At the end of Thursday’s trade, Usa Compression Partners LP (NYSE:USAC)‘s shares dipped -12.00% to $17.82.
USA Compression Partners, LP (USAC) (the “Partnership”), declared recently the pricing of an underwritten public offering of 4,000,000 common units representing limited partner interests in the Partnership (“common units”) at a public offering price of $19.33 per common unit. The underwriters have been granted a 30-day option to purchase up to an additional 600,000 common units from certain selling unitholders at the public offering price less the underwriting discount. The offering is planned to close on September 15, 2015, subject to customary closing conditions.
The Partnership intends to use the net proceeds of about $74.4 million from the offering, after discounts, commissions and offering expenses, to reduce indebtedness outstanding under its revolving credit facility and for general partnership purposes. The Partnership will not receive proceeds from any common units sold by the selling unitholders.
UBS Investment Bank, Wells Fargo Securities, Barclays, Goldman, Sachs, & Co., J.P. Morgan, Raymond James and RBC Capital Markets are acting as joint book-running managers for the offering. Regions Securities LLC, Ladenburg Thalmann and MUFG are acting as co-managers.
USA Compression Partners, LP provides natural gas compression services under term contracts with customers in the oil and gas industry in the United States. It engineers, designs, operates, services, and repairs its compression units and maintains related support inventory and equipment. The company provides compression services in various shale plays, counting the Utica, Marcellus, Permian Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, and Fayetteville shales.
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