On Monday, Eaton Vance Corp (NYSE:EV)’s shares declined -0.17% to $34.23.
Parametric Portfolio Associates LLC (“Parametric”), a partner of Eaton Vance Corp. (EV), recently declared the addition of two new members to its institutional business development team: Gregory Bauer, Director – Business Development for the Southeast and, Julianne Williams, Associate Director – Business Development for the Western region.
Mr. Bauer and Ms. Williams are reporting to James Barrett who leads the institutional sales and service team. The team presently comprises 15 members, and focuses on building institutional relationships with consultants and investors by supporting relationship administration, and assisting with consultative sales and service of Parametric’s growing line of institutional offerings.
Eaton Vance Corp., through its auxiliaries, engages in the creation, marketing, and administration of investment funds in the United States. It also provides investment administration and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts. As of October 31, 2004, the company offered investment advisory or administration services to about 150 funds; about 1,300 separately managed individual and institutional accounts; and take partd in about 40 retail-managed account broker/dealer programs.
UTi Worldwide Inc. (NASDAQ:UTIW)’s shares dropped -1.99% to $5.90.
UTi Worldwide Inc. (UTIW), a global supply chain services and solutions provider, has joined forces with longtime client and leading resource sector services company Sedgman Limited (SDM.AX) to transport a mineral processing plant in several sections from China to the United States.
The sections, which weigh a combined 10,000 tons, will be shipped to and assembled in New Jersey in early 2016. When complete, the innovative modular wet concentrator plant will be capable of processing 232 tons per hour of heavy mineral sands to produce a concentrate of zircon and ilmenite ready for downstream separation and processing.
UTi Worldwide Inc. operates as a non-asset-based supply chain services and solutions company. It operates through two segments, Freight Forwarding, and Contract Logistics and Distribution. The Freight Forwarding segment offers airfreight forwarding, ocean freight forwarding, customs brokerage, and other related services.
At the end of Monday’s trade, ServiceNow Inc (NYSE:NOW)‘s shares dipped -0.10% to $73.56.
ServiceNow® (NOW), the enterprise cloud company, declared the financial results for its second quarter 2015.
Second Quarter 2015 Results:
- Revenues of $246.7 million, an enhance of 48% year-over-year and 59% in constant currency.
- GAAP net loss of $61.9 million, or a loss of $0.40 per basic and diluted share, contrast to a GAAP net loss of $50.4 million, or a loss of $0.35 per basic and diluted share, in the second quarter of 2014.
- Non-GAAP net income of $7.3 million, or income of $0.05 per basic share and $0.04 per diluted share, contrast to a non-GAAP net loss of $9.4 million, or a loss of $0.07 per basic and diluted share, in the second quarter of 2014.
- Calculated billings were $281.4 million, increasing 50% year-over-year and 62% in constant currency.
- Added 21 net new Global 2000 customers, bringing the total to 566.
- For a reconciliation of these GAAP and non-GAAP financial measures, please see the table entitled “Results of Operations GAAP to Non-GAAP Reconciliation” comprised of at the end of this release.
A recent survey revealed that employees spend nearly two days a week on non-planned administrative activities. In an organization with 5,000 employees, these unnecessary tasks and inefficient processes consume up to 4 million hours per year – that’s the equivalent of 2,000 full-time employees. Few companies can afford that in recently’s data-driven digital economy. Collectively across the United States, companies are spending $575 billion a year on this productivity drain. That’s the equivalent of 3.3% of the US gross domestic product.
Smith & Wesson Holding Corp (NASDAQ:SWHC), ended its Monday’s trading session with 1.01% gain, and closed at $18.97.
Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leader in firearm manufacturing and design, recently declared financial results for the fiscal first quarter ended July 31, 2015.
First Quarter Fiscal 2016 Financial Highlights
- Quarterly net sales were $147.8 million, an enhance of 12.1% from the first quarter last year. Firearms division net sales of $134.4 million raised by 1.9% from the comparable quarter last year. Accessories division net sales of $13.3 million raised by 29.9% from the comparable quarter last year, which was preceding to the company’s acquisition of Battenfeld Technologies, Inc. (BTI) on December 11, 2014.
- Gross margin for the quarter was 39.8% contrast with 37.2% in the preceding year.
- Quarterly GAAP net income was $14.4 million, or $0.26 per diluted share, contrast with $14.6 million, or $0.26 per diluted share, for the first quarter last year. First quarter 2016 GAAP net income per diluted share comprised of an expense of $0.08 related to the formerly declared redemption of the company’s 5.875% Senior Notes, an expense of $0.04 for acquisition amortization related to the acquisition of BTI, an expense reduction of $0.03 related to an insurance settlement, and a tax benefit for the foregoing items of $0.03.
- Quarterly non-GAAP net income was $17.7 million, or $0.32 per diluted share, contrast with $14.9 million, or $0.27 per diluted share, for the first quarter last year.
- Quarterly non-GAAP Adjusted EBITDAS was $38.8 million, or 26.3% of net sales.
Smith & Wesson Holding Corporation manufactures and sells firearm products in the United States and internationally. The company operates in two segments, firearms and accessories. It offers handguns, counting revolvers and pistols; long guns, such as sporting, bolt action, and single shot rifles; hunting rifles; black powder firearms; handcuffs and restraints; and firearm-related products and accessories. The company sells its products under the Smith & Wesson, M&P, Thompson/Center Arms, Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Frankford Arsenal Reloading Tools, Lockdown Vault Accessories, Hooyman Premium Tree Saws, BOG-POD, and Golden Rod Moisture Control brands.
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