On Monday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.66% to $127.80.
Apple, unveiled an all-new News app delivering the best news reading experience on any mobile device. Accessible with iOS 9 this fall for iPhone® and iPad®, News combines the visually rich layout of a magazine with the immediacy and customization of digital media. News follows over a million topics and pulls relevant stories based on your specific interests that can be easily shared or saved for later — without compromising your privacy. News is powered by the new custom-designed Apple News Format™, a digital publishing format that allows publishers to create beautiful layouts.
News conveniently collects all the stories you want to read in one place, in a customized newsfeed called For You. Readers can see the publisher channels and topics they’re following in Favorites, and to discover new content, Explore makes great suggestions based on what you’ve already read. The more you read, the more personalized the News app becomes, refining the selection of stories delivered to your iPhone or iPad.
Apple News Format allows publishers to create stories that look beautiful and take advantage of the full power of iOS. Content can comprise photos and galleries, audio, video, maps and rich interactions such as parallax and animation. When publishers create their stories for News, content comes alive with custom fonts and intuitive Multi-Touch™ gestures. Apple News Format automatically customizes the layout for each screen size, so News content looks great on both iPhone and iPad.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Atmel Corporation (NASDAQ:ATML), inclined 3.56% to $9.75, during its last trading session, hitting its highest level, following a report that the chipmaker is exploring planned alternatives counting a potential sale.
Atmel is working with investment bank Qatalyst Partners for a potential sale, according to Reuters. There is reportedly no guarantee the company will decide to sell itself, however, according to the news service.
Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit products primarily in the United States, Asia, Europe, South Africa, and Central and South America.
At the end of Monday’s trade, Shares of Michael Kors Holdings Limited (NYSE:KORS), lost -1.47% to $48.15.
On May 27, Michael Kors Holdings declared its financial results for the fourth quarter and fiscal year ended March 28, 2015.
For the fourth quarter ended March 28, 2015:
- Total revenue raised 17.8% to $1.1 billion from $917.5 million in the fourth quarter of fiscal 2014. On a constant currency basis, total revenue raised 23.3%.
- Retail net sales raised 14.9% to $469.4 million driven by 121 net new store openings since the end of the fourth quarter of fiscal 2014 and e-commerce sales from the recently launched U.S. e-commerce site, partially offset by a 5.8% decrease in comparable store sales. On a constant currency basis, retail net sales grew 21.1%, and comparable store sales reduced 1.7%. Wholesale net sales raised 20.4% to $570.4 million and on a constant currency basis, wholesale net sales grew 25.8%. Licensing revenue raised 16.5% to $41.3 million.
- Total revenue in North America raised 13.7% to $840.5 million, with a 6.7% decrease in comparable store sales. On a constant currency basis, revenue in North America grew 14.3%, with a 5.8% decrease in comparable store sales. European revenue grew 33.5% to $219.8 million, with comparable store sales decreasing 5.6%. On a constant currency basis, revenue in Europe grew 59.5%, with an 11.0% enhance in comparable store sales. Revenue in Japan raised 42.7% to $19.2 million, with comparable store sales growth of 12.4%. On a constant currency basis, revenue in Japan grew 65.0%, with a 30.0% enhance in comparable store sales.
- Gross profit raised 14.8% to $630.8 million, and as a percentage of total revenue was 58.4%. Gross profit margin was reduced by about 30 basis points due to the change in foreign currency exchange rates. This compares to 59.9% in the fourth quarter of fiscal 2014.
Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing.
Finally, Host Hotels & Resorts, Inc. (NYSE:HST), ended its last trade with -0.87% loss, and closed at $19.40.
Host Hotels & Resorts, declared the progress on various corporate planned initiatives.
On June 8, 2015, the Company attained the 643-room Phoenician, a Luxury Collection resort, for $400 million. The hotel boasts a scenic 300-acre setting at the base of Camelback Mountain with outstanding views of the local natural landmark. The AAA Five-Diamond, Forbes Four-Star rated property is ideally located in one of the premium resort markets in the southwest, within close proximity of the nightlife, galleries, museums and businesses of downtown Scottsdale. The resort features nine food and beverage outlets, about 83,500 square feet of indoor meeting space, and world-class recreation facilities, counting a 27-hole championship golf course, seven outdoor pools and a 25,000 square-foot spa and fitness center. It is one of only a handful of iconic luxury destination resorts in the country that cater to both high-end transient and group customers. While the current hotel site allows for future residential development and up to 40 additional rooms, the purchase also comprises two adjacent parcels of land totaling over nine acres zoned for residential development. The Company plans to undertake a comprehensive renovation that will plannedally occur during the hotel’s seasonal, low-occupancy summer periods to minimize disruption. Starwood will continue to operate the hotel under The Luxury Collection® brand flag. Similar to the operational success the Company has achieved in markets where it owns two or more comparable hotels, the Company believes the Phoenician will benefit from synergies with its Westin Kierland Resort, which is also operated by Starwood.
The Company also declared that on June 3, 2015, it accomplished the sale of the Sheraton Needham for $54 million. On June 5, 2015, the Company’s European Joint Venture sold the Crowne Plaza Amsterdam, for €106.2 million, which comprises the FF&E reserve. The Company anticipates that two additional assets will be sold this quarter, subject to standard closing conditions, for a combined purchase price of about $90 million, as the buyer has a noteworthy deposit at risk.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
