On Thursday, Mentor Graphics Corp (NASDAQ:MENT)’s shares declined -1.70% to $26.63.
Mentor Graphics Corp (MENT) declared that Intel Custom Foundry is expanding its 14nm platform offering to comprise reliability verification based on the Calibre® PERC™ platform for its customers. Intel and Mentor Graphics jointly developed an initial set of electrical checks to assist improve IC dependability, and are also collaborating to add additional check types over time for foundry customers on Intel’s 14nm process.
Intel Custom Foundry will provide customers with Calibre PERC rule decks that perform reliability checks designed to address customers’ advanced circuit verification needs for electrostatic discharge (ESD), electrical overstress (EOS), signals crossing multiple power domains, and other reliability concerns. The Calibre PERC tool makes it possible to automate complex reliability checks by integrating knowledge of both the physical layout and the design netlist, which defines device types and connectivity.
Mentor Graphics Corporation provides electronic design automation software and hardware solutions to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software. The company offers Mentor Graphics Scalable Verification tools; Questa platform to verify systems and integrated circuits (ICs); analog/mixed signal simulation tools, counting Eldo, ADVance MS, and ADiT; and Veloce, a hardware emulation system.
LUKOIL (ADR) (OTCMKTS:LUKOY)’s shares dropped -2.83% to $44.70.
LUKOIL (ADR) (LUKOY)’s efforts to stabilize its crude production in Russia in addition to its international expansion, mainly in Iraq, are beneficial to its business profile. Western sanctions have had little impact on the company so far, although the political crisis over Ukraine complicates its access to international debt markets and has forced it to switch to domestic banks as the main source of funds .
Western sanctions, which prohibit U.S. and European Union companies from providing goods and services for Russian deep-water, Arctic offshore or shale projects, have no immediate implications for Lukoil, as the company focuses on conventional onshore and shallow water oil production. Lukoil is not subject to sanctions that prohibit providing finance to several Russian companies; however, the political crisis over Ukraine has complicated Lukoil’s access to western debt markets. Bond spreads have significantly raised and Russian companies have not issued major euro-bonds since the Ukrainian crisis broke in spring 2014. Lukoil’s credit profile is unaffected at this stage given its sound liquidity, moderate leverage and access to domestic funding, mainly from state-controlled banks. However, inability to refinance forthcoming maturities and deteriorating liquidity position could trigger a negative rating action
Open Joint Stock Company Oil company LUKOIL operates as an integrated oil and gas company. The company’s Exploration and Production segment explores for, develops, and produces crude oil. Its Refining, Marketing, and Distribution segment processes crude oil into refined products; and purchases, sells, and transports crude oil and refined petroleum products.
At the end of Thursday’s trade, Cimarex Energy Co (NYSE:XEC)‘s shares dipped -1.25% to $114.79.
Cimarex Energy Co (XEC) declared that its Chief Financial Officer, Paul Korus, has informed administration and the Board of Directors of his plans to retire on or before September 1, 2015. Mr. Korus stated, I have thoroughly enjoyed my time working with the exceptional people at Cimarex. He takes great pride in their accomplishments and he look forward to following the company as a shareholder.” Thomas E. Jorden, Chief Executive Officer and Chairman, commented that Paul has been an instrumental leader at Cimarex during a period of tremendous growth that ultimately led to Cimarex becoming an investment grade company. Paul’s hard work and integrity leave them well positioned to execute on their planned plan. They wish Paul and his family well in his retirement.
Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. The company owns interests in 3,240 net productive oil and gas wells. As of December 31, 2014, it had a total proved oil and gas reserves of 3.1 trillion cubic feet equivalent (Tcfe) comprising of 1.7 trillion cubic feet of natural gas; and 0.7 Tcfe each of oil and natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
Zoe’s Kitchen Inc (NYSE:ZOES), ended its Thursday’s trading session with 4.03% gain, and closed at $33.83.
Zoe’s Kitchen Inc (ZOES) stated financial results for the sixteen weeks ended April 20, 2015.
Highlights for the sixteen weeks ended April 20, 2015, as contrast to the sixteen weeks ended April 21, 2014:
- Total revenue raised 36.2% to $63.0 million.
- Comparable restaurant sales raised 7.7%.
- Opened 12 Company-owned restaurants.
- Restaurant contribution raised 46.2% to $13.7 million.
- Adjusted EBITDA* raised 76.8% to $6.8 million.
- Net income was $0.7 million, or $0.04 per diluted share, contrast to net loss of $10.0 million, or $0.76 per diluted share.
- Adjusted net income* was $0.8 million, or $0.04 per diluted share, contrast to adjusted net loss of $0.4 million or $0.02 per diluted share.
First Quarter 2015 Financial Results
Total revenue, which comprises restaurant sales from Company-owned restaurants and royalty fees, raised 36.2% to $63.0 million in the sixteen weeks ended April 20, 2015, from $46.3 million in the sixteen weeks ended April 21, 2014. Restaurant sales for the sixteen weeks ended April 20, 2015 were $62.9 million, an enhance of 36.5% from $46.1 million in the sixteen weeks ended April 21, 2014.
Comparable restaurant sales raised 7.7% during the sixteen weeks ended April 20, 2015, comprising of a 3.7% enhance in transactions and a 2.8% enhance in product mix, combined with a 1.2% enhance in price. The comparable restaurant base comprises those restaurants open for 18 periods or longer and comprised of 94 restaurants as of April 20, 2015.
Zoe’s Kitchen, Inc., through its auxiliaries, develops and operates fast casual Mediterranean cuisine restaurants in the United States. The company operates a range of restaurant formats, counting in-line, end-cap, and free-standing restaurants.
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