On Friday, InvenSense Inc (NYSE:INVN)’s shares declined -1.15% to $10.29.
InvenSense, Inc. (INVN) the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, recently declared results for its first quarter of fiscal year 2016, ended June 28, 2015.
Net revenue for the first quarter of fiscal 2016 was $106.3 million, up 7 percent from $99.3 million for the fourth quarter of fiscal 2015, and up 59 percent from $66.7 million for the first quarter of fiscal 2015.
Gross margin determined in accordance with U.S. generally accepted accounting principles (GAAP) was 42 percent for the first quarter of fiscal 2016, slightly down from 43 percent for the fourth quarter of fiscal 2015. GAAP gross margin for first quarter of fiscal 2016 comprised of stock-based compensation and related payroll taxes, and amortization of acquisition intangibles. Not taking into account these items, non-GAAP gross margin was 45 percent for the first quarter of fiscal 2016, slightly down from 46 percent for the fourth quarter of fiscal 2015.
InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics. The company delivers intelligent sensor system on chip (SoC) for motion and sound in consumer electronic devices, such as smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote controlled toys, and other household consumer and industrial devices.
Workday Inc (NYSE:WDAY)’s shares gained 2.32% to $84.18.
Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, recently declared plans to deliver a new application, Workday Inventory, in addition to new features for Workday Procurement — designed to meet the supply chain administration needs of healthcare providers. Combined with Workday Financial Administration and Workday Human Capital Administration (HCM), this new supply chain administration functionality will equip healthcare providers with one system that offers visibility into talent needs, the flexibility to quickly adapt to new regulations and industry standards, and the ability to manage inventory and supplier interactions. Workday plans to design the expanded suite based on feedback from charter members of the Workday Healthcare Advisory Council, counting Christiana Care Health System and Community Health Services of Georgia.
Workday, Inc. provides enterprise cloud applications for finance and human resources in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources.
At the end of Friday’s trade, Callon Petroleum Company (NYSE:CPE)‘s shares surged 1.07% to $8.54.
Callon Petroleum Company (CPE) declared that senior administration plans to take part in the forthcoming investor event:
EnerCom Oil & Gas Conference 20
The Company will present at the Oil & Gas Conference 20, hosted by EnerCom in Denver, CO on Tuesday, August 18, 2015 at 12:05 pm Eastern Time.
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas. The company was founded in 1950 and is headquartered in Natchez, Mississippi.
Liberty Property Trust (NYSE:LPT), ended its Friday’s trading session with 0.49% gain, and closed at $33.91.
Liberty Property Trust (LPT) has sold 1170, 1180 and 1190 Devon Park Drive, a fully-leased, three-building complex comprising 250,185 square feet of office space in Wayne, PA, for $63.5 million. The transaction closed yesterday.
Liberty was represented by Newmark Grubb Knight Frank in the transaction.
Liberty Property Trust is a publicly owned real estate investment holding trust. Through its partner, it provides leasing, property administration, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The firm invests in industrial properties counting various warehouse, distribution, service, assembly, light manufacturing, and research and development facilities.
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