On Wednesday, Speed Commerce Inc (NASDAQ:SPDC)’s shares inclined 8.24% to $0.184.
Speed Commerce, Inc. (SPDC), a leading provider of ecommerce technology and omni-channel solutions for retailers, stated financial results for its fiscal first quarter ended June 30, 2015. The following figures exclude results from the company’s retail distribution segment, which was reclassified into suspended operations in the quarter ended March 31, 2014 and sold on July 9, 2014.
Fiscal Q1 2016 Summary vs. Same Year-Ago Quarter
- Net revenues raised 56% to $34.3 million.
- Adjusted gross profit margin raised 400 basis points to 25.4%.
- Adjusted EBITDA raised 85% to $2.6 million.
- Net loss from ongoing operations of $(0.02) per diluted share as compared to $(0.05) per diluted share
Speed Commerce, Inc. provides e-commerce and fulfillment services to retailers and manufacturers in the United States and Canada. It offers Web platform development and hosting, order administration, fulfillment, logistics, and contact center services, which provide customers with transaction-based services and information administration tools. The company was formerly known as Navarre Corporation and changed its name to Speed Commerce, Inc. in September 2013. Speed Commerce, Inc. was founded in 1983 and is headquartered in Richardson, Texas.
Chimera Investment Corporation (NYSE:CIM)’s shares dropped -1.04% to $13.82.
Chimera Investment Corporation (CIM) (“Chimera” or the “Company”) and Annaly Capital Administration, Inc. (“Annaly”) jointly declared that, effective recently, Chimera is internalizing its administration function. The independent directors on Chimera’s Board agreed to the internalization with Annaly in order to accelerate growth and realize cost efficiencies. Chimera will continue to be led by its key professionals counting President and Chief Executive Officer Matthew Lambiase, Chief Financial Officer Rob Colligan and Chief Investment Officer Mohit Marria. In addition, Chimera’s head of structured products, Choudhary Yarlagadda, was designated Chief Operating Officer and Phillip J. Kardis II, a partner at the law firm K&L Gates LLP, was designated General Counsel. All other personnel that focus their efforts on Chimera’s business became employees of Chimera.
In connection with the internalization, Chimera reached a transition services agreement with its external manager, Fixed Income Discount Advisory Company (“FIDAC”), a wholly owned partner of Annaly. Under the transition services agreement, FIDAC will continue to provide the Company with certain transition services related to business support through the end of the year. No termination fee was paid by Chimera in connection with internalization.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes comprise non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties.
At the end of Wednesday’s trade, Monsanto Company (NYSE:MON)‘s shares surged 1.47% to $97.21.
The Climate Corporation, a division of Monsanto Company (MON), declared that farmers have mapped more than 75 million row crop acres in their digital agriculture platform, up from 50 million acres in 2014. This noteworthyacre adoption represents nearly 45 percent of all corn and soybean acres planted in the U.S. The company’s digital agriculture platform comprises Climate Basic™, Climate Pro™ and FieldView® from Precision Planting. The company also declared Climate Pro, their premium web and mobile product offering, has grown considerably from its initial launch from 1 million acres last year to more than 5 million acres this year across the U.S.
Together these tools provide one account with multiple product offerings and access points. The farmer can log in on a tablet from his tractor, on a mobile phone as he scouts his fields, or on his desktop computer.
The company emphasized the importance of farmer adoption to the future success of this emerging platform. “The interest we’ve seen from farmers this year in our digital platform reinforces the impact these tools ultimately can have on our industry,” said Mike Stern, President and Chief Operating Officer for The Climate Corporation. “We want to be the digital platform of choice for farmers, and our growth this year is evidence that we’re well on that path,” said Stern.
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, counting corn, soybean, cotton, and canola seeds principally under the DEKALB, Channel, Asgrow, and Deltapine brands; and vegetable seeds comprising of tomato, pepper, melon, cucumber, pumpkin, squash, beans, broccoli, onions, lettuce, and other seeds under the Seminis and De Ruiter brands.
Baidu Inc (ADR) (NASDAQ:BIDU), ended its Wednesday’s trading session with 3.19% gain, and closed at $148.15.
iQIYI, an independently operated partner of Baidu (BIDU) and one of the largest Internet and mobile video service providers in China, recently declared that according to a recent report published by App Annie, iQIYI’s mobile app, iQIYI Video HD, surged upwards on the worldwide charts in July 2015, gaining 10 spots by downloads and 9 spots by revenue.
According to the report, iQIYI Video HD presently ranks as the 6th most downloaded app worldwide and 9th by revenue. The app also ranked among the top five iOS Entertainment apps in China by monthly active users.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
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