On Wednesday, United Continental Holdings Inc (NYSE:UAL)’s shares declined -0.79% to $57.41.
United Airlines (UAL) declared that Gerald (Gerry) Laderman has been named acting chief financial officer. He succeeds John Rainey, who has resigned to become chief financial officer at PayPal Holdings, Inc.
Laderman, who has held legal and financial positions of increasing responsibility at the company for 27 years, will be responsible for the overall financial operations of the company, counting corporate finance, treasury, financial planning and analysis, tax, accounting, investor relations, fleet, procurement, internal audit and risk administration.
Laderman most has been senior vice president of finance, procurement and treasurer. While in this role, Laderman has done groundbreaking work in aircraft financing, counting leading the development of innovative debt structures, which have significantly lowered the cost of capital for the airline. Laderman has also led initiatives to maintain financial stability for the company during the turbulent times the airline industry has faced in the past.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. A
Huntsman Corporation (NYSE:HUN)’s shares dropped -2.64% to $16.97.
Huntsman Corporation (HUN) declared that the company’s board of directors has declared a $0.125 per share cash dividend on its common stock.
The dividend is payable on September 30, 2015, to stockholders of record as of September 15, 2015.
Huntsman Corporation, together with its auxiliaries, manufactures and sells differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
At the end of Wednesday’s trade, InvenSense Inc (NYSE:INVN)‘s shares dipped -3.08% to $10.22.
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.
Tesla Motors Inc (NASDAQ:TSLA), ended its Wednesday’s trading session with 0.34% gain, and closed at $238.17.
Tesla ( TSLA) declares its 2015 second quarter operating and financial results.
2015 Second Quarter Highlights
- Tesla continues to report as a going concern. On August 10, 2015 the Company received a non-binding offer from its lender detailing projected terms for a revised credit facility. This facility, which is subject to final negotiation and approval by the Company and its lender, would allow the Company to continue operations through June 30, 2016 and assists to shape a successful strategy for a return to profitability.
- Tesla generated $3.0 million of gross margin on $18.2 million of revenues resulting in negative Adjusted EBITDA of ($1.4) million and a net loss of ($8.8) million during the second quarter of 2015. Tesla International stated an enhance in revenue during the quarter while Tesla Canada, Tesla USA and Tesla Offshore all practiced declines in activity during the quarter.
- Tesla Canada had 1 crew operational during the seasonally slow second quarter of 2015 using the Company’s multi-component wireless acquisition system (“Hawk”).
- Tesla Canada accomplished advance work and mobilization for several other Hawk programs heading into the third quarter of 2015.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.
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