On Wednesday, Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE)’s shares declined -25.98% to $52.57.
Caesarstone Sdot-Yam Ltd. (CSTE), a manufacturer of high quality engineered quartz surfaces, stated financial results for its second quarter ended June 30, 2015.
Revenue in the second quarter of 2015 raised to a record of $127.5 million, up 9.9% contrast to $116.1 million in the same quarter of the preceding year. On a constant currency basis, second quarter revenue growth was 20.2% contrast to the same period last year. Growth in revenue was primarily driven by the United States, which raised by 19.2% to $57.1 million, and Canada, which raised by 24.4% to $19.1 million despite pressure from foreign exchange rate changes.
Caesarstone Sdot-Yam Ltd. and its auxiliaries manufacture and sell engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company’s products is engineered quartz slabs, which are used as kitchen countertops in the renovation and remodeling, and residential construction end markets, in addition to other applications, counting vanity tops, wall panels, back splashes, floor tiles, stair, and other interior surfaces that are used in various residential and non-residential applications. It sells its products directly to fabricators, sub-distributors, and resellers; and indirectly through a network of independent distributors.
NMI Holdings Inc (NASDAQ:NMIH)’s shares gained 6.31% to $8.26.
National MI declares that Claudia Merkle, executive vice president and chief of insurance operations, has been named to MReport’s Leading Ladies List. The list recognizes women who are leaders in the housing and mortgage industries. Recipients of this year’s awards were selected from a record number of nominees, according to the magazine.
From the time when National MI opened its doors in 2013 through June 30, 2015, the company has added 842 lenders as clients.
Merkle played a noteworthy role in introducing National MI’s groundbreaking insurance coverage, National MI SafeGuard®, that shortened the industry standard timeframe for rescission relief from 36 months to 12 months, for the majority of National MI insured loans.
A seasoned mortgage industry executive, Merkle draws on 25 years of experience in mortgage banking, mortgage insurance, business development and operations. In her current role as EVP, Merkle oversees insurance operations, which comprises underwriting fulfillment, delegated assurance review, risk operations, the company’s solution center, in addition to policy and default servicing.
NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company was incorporated in 2011 and is based in Emeryville, California.
At the end of Wednesday’s trade, United Microelectronics Corp (ADR) (NYSE:UMC)‘s shares surged 0.56% to $1.78.
United Microelectronics Corporation ( UMC), a leading global semiconductor foundry, issued an update on its guidance for the third quarter of 2015.
Based on its 3Q 2015 outlook, UMC anticipates foundry segment gross profit margin to be in the high-teens percentage range, contrast to its formerly stated guidance of mid-teens percentage range in the company’s earlier 2Q 2015 earnings declarement.
United Microelectronics Corporation provides semiconductor wafer foundry solutions. Its foundry solutions comprise silicon verification, libraries and IP, design verification, design for manufacturing, MM/RF foundry design kit and design support manual, and design flow reference, in addition to mask services, such as mask inspection, IP protection and data preparation, and tape-out status tracking.
Violin Memory Inc (NYSE:VMEM), ended its Wednesday’s trading session with 1.93% gain, and closed at $2.11.
Violin Memory®, Inc., (VMEM) a global pioneer of award-winning flash storage platform solutions for primary storage and active workloads, declared its All-Flash Array solutions were selected by arvato Systems, a global next generation IT systems integrator, focused on “Digital Transformation Solutions.” arvato Systems integrated Violin all-flash solutions to streamline the company’s storage and data centre infrastructure and enhance performance for business-critical applications, counting customer relationship administration (CRM) and supply chain administration (SCM).
Violin Memory, Inc. develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide. The company provides flash storage platforms and all flash arrays that integrate enterprise-class hardware and software technologies to address the limitations of hard disk drive-based and solid state drive-based storage solutions that use off-the-shelf components.
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