On Thursday, Cardiovascular Systems Inc (NASDAQ:CSII)’s shares declined -20.89% to $23.22.
Cardiovascular Systems, Inc. (CSII), a medical device company developing and commercializing innovative interventional treatment systems for peripheral and coronary artery disease, stated financial results for its fiscal fourth quarter and year ended June 30, 2015.
The company’s fourth-quarter revenues raised 22 percent to $48.5 million, from $39.6 million in the fourth quarter of fiscal 2014. Coronary product revenues grew 189 percent to $9.4 million, while peripheral product revenues grew 7 percent. Customer reorder revenues remained strong at 96 percent of total revenue, contrast to 98 percent a year ago. While up significantly, revenue was slightly below guidance, primarily due to sales headcount being below the levels targeted in the company’s sales optimization and expansion plan during the quarter.
Cardiovascular Systems, Inc., a medical device company, develops, manufactures, and markets devices for the treatment of vascular diseases. Its products comprise catheter-based platforms, such as the Stealth 360° Peripheral Orbital Atherectomy System (OAS), Diamondback 360 Peripheral OAS, Stealth 360° peripheral artery disease (PAD) System, Diamondback 360° PAD System, and Diamondback Predator 360° PAD System that are used for the treatment of a range of plaque types in leg arteries above and below the knee.
At the end of Thursday’s trade, Sunstone Hotel Investors Inc (NYSE:SHO)‘s shares surged 0.07% to $14.03.
Sunstone Hotel Investors, Inc. (SHO) declared results for the second quarter ended June 30, 2015.
Second Quarter 2015 Operational Results (as contrast to Second Quarter 2014):
Comparable Hotel RevPAR, counting adoption of the industry’s Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition (“USALI Eleventh Revised Edition”), which became effective January 1, 2015, raised 7.1% to $184.05.
Comparable Hotel Adjusted EBITDA Margin, counting USALI Eleventh Revised Edition adoption and not taking into account non-current year property taxes, net raised 160 basis points to 34.9%.
Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset administration, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also comprises mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in Aliso Viejo, California.
Harman International Industries Inc./DE/ (NYSE:HAR), ended its Thursday’s trading session with -5.94% loss, and closed at $111.00.
HARMAN International Industries, Incorporated (HAR), the premier connected technologies company for automotive, consumer and enterprise markets, declared a cash dividend on August 4, 2015 of $0.35 per share for the quarter ended June 30, 2015. The quarterly dividend will be paid on August 28, 2015 to each stockholder of record as of the close of business on August 14, 2015.
Harman International Industries, Incorporated develops, manufactures, and markets audio products, lighting solutions, and electronic systems, in addition to digitally integrated audio and infotainment systems for the automotive industry worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers.
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