On Monday, Qorvo Inc (NASDAQ:QRVO)’s shares declined -1.59% to $82.18.
Qorvo Inc (QRVO) and certain material domestic auxiliaries of the Company (the “Guarantors”) reached the First Amendment to that certain Credit Agreement, dated as of April 7, 2015, by and between the Company, the Guarantors, Bank of America, N.A., as administrative agent, swing line lender, and L/C issuer, and a syndicate of lenders (the “Amendment”). The Amendment modifies the definition of a “Change of Control” in Section 1.01. The foregoing summary of the Amendment is not complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Qorvo, Inc. provides technologies and radio frequency (RF) solutions for mobile, infrastructure, defense, and aerospace applications in the United States and internationally. The company operates through Mobile Products, and Infrastructure and Defense Products segments. The Mobile Products segment offers RF front end modules, counting filters, power amplifiers (PAs), and switches; PA modules; transmit modules; antenna control solutions; antenna switch modules; diversity receive modules; and envelope tracking power administration devices.
Capstone Turbine Corporation (NASDAQ:CPST)’s shares dropped -1.67% to $0.561.
Capstone Turbine Corporation (CPST) declared its financial results for the fourth quarter and fiscal year ended March 31, 2015.
Highlights
- Gross margin of $18.3 million, or 16% of revenue, for Fiscal 2015
- Gross margin as a percentage of revenue flat contrast to Fiscal 2014 despite a 13% decline in revenue, reflecting operational improvements to the cost structure
- Accessories, parts and service revenue up 7%
- Factory Protection Plan (FPP) backlog of $61.2 million as of March 31, 2015
- Cash balance of $32.2 million as of March 31, 2015
Fourth Quarter 2015 Financial Summary
Revenue for the fourth quarter of Fiscal 2015 was $29.9 million, contrast to $30.1 million for the third quarter of Fiscal 2015, and $36.4 million for the fourth quarter of Fiscal 2014.
Capstone’s product backlog as of March 31, 2015 was $165.7 million, contrast to $175.5 million at December 31, 2014, and $171.6 million at March 31, 2014.
Gross margin for the fourth quarter of Fiscal 2015 was $3.5 million, or 11.8% of revenue, contrast to $6.1 million, or 20.3% of revenue, for the third quarter of Fiscal 2015, and $6.1 million, or 16.9% of revenue, for the fourth quarter of Fiscal 2014. Gross margin for the fourth quarter of Fiscal 2015 was influenced by a $1.2 million non-cash charge for slow-moving inventory related to the Company’s waste heat recovery generator product. In addition, cost of goods sold for the quarter comprised of $0.7 million of product shipped without recognizing the associated revenue. Without these two items, gross margin for the fourth quarter of 2015 would have been $5.4 million, or 18.0% of revenue.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide.
At the end of Monday’s trade, Walgreens Boots Alliance Inc (NASDAQ:WBA)‘s shares dipped -0.75% to $84.42.
Walgreens Boots Alliance, Inc. ( WBA) will release its fiscal 2015 third quarter earnings results at 7 a.m. Eastern time Thursday, 9 July 2015, followed by a one-hour conference call with Walgreens Boots Alliance administration starting at 8:30 a.m. Eastern time.)
Walgreens Boots Alliance, Inc., together with its auxiliaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, in addition to through mail, and by telephone and online.
Boeing Co (NYSE:BA), ended its Monday’s trading session with -0.35% loss, and closed at $142.30.
Boeing Co (BA) and Sriwijaya Air declared an order for two Next-Generation 737-900ER (Extended Range) airplanes during a signing ceremony at the Paris Air Show.
The order, formerly attributed to an unidentified customer on the Orders and Deliveries website, marks the first all-new airplane purchase for the Indonesian airline and comprised of a letter of intent to exercise options for up to 20 additional 737 airplanes.
Based in Jakarta, Indonesia, Sriwijaya Air is the country’s third largest carrier. The airline operates an all-Boeing fleet of 737 airplanes and offers flights to various Indonesian destinations in addition to a few international cities.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.
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