On Thursday, Castlight Health Inc (NYSE:CSLT)’s shares declined -8.65% to $6.44.
Castlight Health, Inc. (CSLT), the leader in enterprise healthcare administration (EHM), declared results for its second quarter ended June 30, 2015.
Financial Performance for the Three Months Ended June 30, 2015
- Total revenue for the second quarter of 2015 was $18.5 million, an enhance of 76% from the second quarter of 2014. Subscription revenue was $17.3 million, an enhance of 80% on a year-over-year basis.
- Gross margin for the second quarter of 2015 was 55.4%, contrast to a gross margin of 29.6% in the second quarter of 2014. Non-GAAP gross margin for the second quarter of 2015 was 58.3% contrast to a non-GAAP gross margin of 32.6% in the second quarter of 2014.
- Operating loss for the second quarter of 2015 was $21.3 million, contrast to an operating loss of $21.8 million in the second quarter of 2014. Non-GAAP operating loss for the second quarter of 2015 was $17.6 million, contrast to a non-GAAP operating loss of $18.8 million in the second quarter of 2014.
Castlight Health, Inc. provides cloud-based software in the United States. Its software enables enterprises to understand and manage health care spending. It offers Enterprise Healthcare Cloud that transforms external and internal complex data into transparent and useful information.
L Brands Inc (NYSE:LB)’s shares dropped -3.18% to $81.80.
As part of its ongoing commitment to return value to shareholders, L Brands, Inc. (LB) declared that it’s Board of Directors has authorized a new $250 million share repurchase program, which comprises $0.6 million remaining under its previous $250 million share repurchase program.
L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its products comprise loungewear, bras, panties, sleepwear, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria’s Secret, Pink, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn Candle Company, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, and the United Kingdom, which are primarily mall-based; through its Websites; and through franchises, licenses, and wholesale partners.
At the end of Thursday’s trade, Norfolk Southern Corp. (NYSE:NSC)‘s shares dipped -1.19% to $81.60.
Deborah H. Butler, executive vice president planning and chief information officer of Norfolk Southern Corp. (NSC), has declared her intention to retire effective Oct. 1, 2015, President and CEO Jim Squires said recently.
Butler joined Norfolk Southern in 1978 as a customer account auditor. She served in positions of increasing responsibility in operations before being named assistant vice president transportation customer services in 2000 and vice president customer service in 2002. She has served as chairman of the board of Thoroughbred Technology and Telecommunications LLC, an NS partner, and as a board member of TTX Company Inc., which provides railcars and related freight car administration services to the rail industry.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia. The company also operates planned passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services.
Houghton Mifflin Harcourt Co (NASDAQ:HMHC), ended its Thursday’s trading session with -7.28% loss, and closed at $24.19.
Scholastic Corporation (SCHL), the global children’s book publishing and education and media company, recently declared that its Board of Directors has authorized an additional $50 million for repurchases of its common stock under the Company’s stock repurchase program. Under this program, which will be funded with accessible cash, the Company may purchase shares, from time to time as conditions allow, on the open market or in negotiated private transactions.
Houghton Mifflin Harcourt Company provides education solutions for educational institutions and consumers worldwide. It delivers content, technology, and services to about 50 million students. The company operates in two segments, Education and Trade Publishing. The Education segment develops, publishes, and markets various comprehensive curriculum programs that focus on reading, literature and language arts, mathematics, science, world languages, and social studies for the pre-K-12 market; and comprehensive intervention solutions for assisting English language learners, in addition to products providing incremental instruction in a particular subject area.
This authorization enhances the aggregate amount of shares, in dollar terms, which may be repurchased to $59.9 million, after giving effect to the remaining amounts accessible for share repurchases under previous authorizations.
The actual number of shares to be purchased and the timing and pricing of any purchases under the share repurchase program will depend on future market conditions and upon potential alternative uses for the Company’s accessible cash. There is no assurance that any shares will be purchased under the share repurchase program and the Company may elect to modify, suspend or discontinue the program at any time without preceding notice. Any common stock attained through the share repurchase program will be held as treasury shares and may be used for general corporate purposes.
Scholastic Corporation operates as a children’s publishing, education, and media company in the United States. The company’s Children’s Book Publishing and Distribution segment publishes and distributes children’s books, media, and interactive products through school-based book clubs and book fairs, and the trade channel. Its Educational Technology and Services segment produces and distributes curriculum-based learning technology and materials for grades pre-kindergarten to 12, in addition to provides related implementation and assessment, and school consulting services.
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