On Thursday, Bazaarvoice Inc (NASDAQ:BV)’s shares declined -5.77% to $5.88.
Bazaarvoice Inc (BV) stated its financial results for the fourth fiscal quarter and fiscal year ended April 30, 2015.
Fourth Fiscal Quarter of 2015 Financial Details
The divestiture of PowerReviews was accomplished on July 2, 2014. The terms of the transaction were approved by the Department of Justice on June 26, 2014. As a result, PowerReviews revenues, related expenses and loss on disposal, net of tax, are components of “Loss from suspended operations, net of tax” in the Condensed Merged Statements of Operations since our fourth fiscal quarter of 2014 and all comparative fiscal quarters presented. The Statement of Cash Flows is stated on a combined basis without separately presenting cash flows from suspended operations for all periods presented.
Revenue from ongoing operations: Bazaarvoice stated revenue of $48.3 million for the fourth fiscal quarter of 2015, up 12% from the fourth fiscal quarter of 2014, and comprised of SaaS revenue of $46.2 million and net media revenue of $2.1 million.
Adjusted EBITDA from ongoing operations: Adjusted EBITDA for the fourth fiscal quarter of 2015 was a loss of $3.6 million, a noteworthy improvement contrast with a loss of $7.6 million for the fourth fiscal quarter of 2014.
GAAP net loss and net loss per share from ongoing operations: GAAP net loss was $8.8 million, contrast to a GAAP net loss of $12.2 million for the fourth fiscal quarter of 2014. GAAP net loss per share was $0.11 based upon weighted average shares outstanding of 79.7 million, contrast to $0.16 for the fourth fiscal quarter of 2014 based upon weighted average shares outstanding of 77.2 million.
Bazaarvoice, Inc. operates as a network that connects brands and retailers to the voices of people where they shop. The company offers its solutions through Bazaarvoice conversations platform, software as a service platform that enables clients to capture, display, and analyze online word of mouth, counting ratings and reviews, questions and answers, stories, photos, videos, long-format narratives, and other forms of consumer-generated content.
Time Warner Inc (NYSE:TWX)’s shares gained 1.16% to $86.62.
Time Warner Inc (TWX) declared that it has priced a $1.5 billion underwritten public offering of 3.60% senior notes due 2025 at a price equal to 99.760% of their face amount and a $600 million underwritten public offering of 4.85% debentures due 2045 at a price equal to 99.929% of their face amount. The net proceeds from the issuance of the notes and debentures will be used for general corporate purposes, counting share repurchases and the retirement at maturity of Time Warner’s outstanding 3.15% Notes due 2015.
The notes and debentures will be issued by Time Warner and guaranteed by Historic TW Inc. In addition, Home Box Office, Inc. and Turner Broadcasting System, Inc. will guarantee the obligations of Historic TW Inc. under its guarantee. The guarantee structure for the notes and debentures will be the same as the structure for the notes and debentures Time Warner has issued since 2010.
The offering is being made following an effective registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”). Interested parties should read the prospectus comprised of in such registration statement and the prospectus supplement for the offering and other documents that Time Warner has filed with the SEC for more complete information about Time Warner and the offering.
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television networks and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers. It operates about 165 channels in 200 countries.
At the end of Thursday’s trade, Target Corporation (NYSE:TGT)‘s shares surged 0.50% to $80.07.
The board of directors of Target Corporation (TGT) has declared a quarterly dividend of 56 cents per common share, a 7.7 percent enhance from the prior quarterly dividend of 52 cents. The dividend is payable Sept. 10, 2015, to shareholders of record at the close of business Aug. 19, 2015. The third quarter dividend will be the company’s 192nd successive dividend paid since October 1967, when the company became publicly held. With the enhance declared recently, 2015 is predictable to be the 44th successive year in which Target has raised its annual dividend.
In addition, Target’s board of directors has approved an expansion of its current share repurchase authorization from $5 billion to $10 billion. Under this authorization, through the first quarter of 2015, the company had invested a total of $3.7 billion to retire 56.9 million shares at an average price of $65.06 per share.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
Teck Resources Ltd (USA) (NYSE:TCK), ended its Thursday’s trading session with -1.28% loss, and closed at $11.58.
Teck Resources Limited (TCK) was recognized this week as one of the top corporations in Canada for both corporate citizenship and social responsibility in two separate sustainability rankings.
Teck was the fourth-ranked company overall and the top-ranked mining company on the Best 50 Corporate Citizens in Canada ranking by media and investment research company Corporate Knights. Teck was also named one of the Top 50 Socially Responsible Corporations in Canada by Sustainalytics, a global responsible investment research firm.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
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