On Friday, Diamond Foods, Inc. (NASDAQ:DMND)’s shares inclined 7.39% to $31.11.
Diamond Foods, Inc. (DMND) stated financial results for its fiscal 2015 third quarter and nine months ended April 30, 2015.
Third Quarter Fiscal 2015 Highlights
- Net sales were $186.1 million, down 2.5%
- Snacks segment net sales were $113.9 million, down 0.3%
- Nuts segment net sales were $72.2 million, down 5.8%
- Gross margin was 28.5%, contrast to 23.6%
- GAAP net income was $6.3 million and GAAP diluted earnings per share (“EPS”) was $0.20
- Non-GAAP net income was $7.4 million and non-GAAP diluted EPS was $0.23, up 109.1%
- Adjusted EBITDA was $30.0 million, up 27.2%
Year-to-Date Fiscal 2015 Highlights
- Net sales were $662.4 million, up 2.5%
- Snacks segment net sales were $350.9 million, up 2.1%
- Nuts segment net sales were $311.4 million, up 2.9%
- Gross margin was 26.2%, contrast to 24.6%
- GAAP net income was $25.2 million and GAAP diluted EPS was $0.79
- Non-GAAP net income was $27.5 million and non-GAAP diluted EPS was $0.87, up 97.7%
- Adjusted EBITDA was $94.5 million, up 16.3%
Diamond Foods, Inc., a packaged food company, processes, markets, and distributes snack products and nuts. It operates in two segments, Snacks and Nuts. The Snacks segment offers microwave popcorn products and potato chips under the Kettle and Pop Secret brands.
iKang Healthcare Group Inc (ADR (NASDAQ:KANG)’s shares dropped -3.84% to $20.80.
iKang Healthcare Group Inc (ADR) ( KANG) China’s largest private preventive healthcare services provider, recently declared that it had attained a 100% equity interest in Beijing Tianzhikangjian Investment Administration Co., Ltd. (“Beijing Tianzhikangjian”), thereby indirectly acquiring an 82.85% equity interest in Beijing Tianjian Sunny Healthcare Technology Co., Ltd. (“Tianjian Sunny”). Tianjian Sunny, formerly known as Sinopharm Sunny, is a prominent medical examination center chain with 11 medical centers in 5 major cities in China. Tianjian Sunny was formerly majority owned by China National Pharmaceutical Group Corporation (“Sinopharm”), a global Fortune 500 Company. Beijing Tianzhikangjian attained all the equity interest in Tianjian Sunny owned by Sinopharm in April 2015, and has since become the largest shareholder of Tianjian Sunny.
Tianjian Sunny’s medical centers comprise six centers in Beijing, two centers in Hangzhou, one center in Changsha, one center in Wuhan, and one traditional Chinese medicine outpatient center in Guangzhou. Tianjian Sunny is a pioneer of medical examination services in China and enjoys a strong presence in Beijing.
iKang Healthcare Group, Inc., together with its auxiliaries, provides preventive healthcare solutions in the People’s Republic of China. The company offers a range of medical examinations, which comprise internal, gynecology, ophthalmology, ENT, dental, lab tests, electrocardiogram, ultrasound, and X-ray examination items. It also provides value-added services at selected medical centers, such as disease screening focusing on cancer screening, cardiovascular disease screening, chronic disease screening, and functional medicine testing; dental care, counting oral health, pediatric dentistry, cosmetic dentistry, orthodontics, and dental implants; outpatient services comprising acupuncture, Chinese medicine, gynecology, internal medicine, obstetrics, ophthalmology, pediatrics, urology, and minor surgery; and on-site healthcare administration or clinical services. In addition, the company offers relaxation and recreation services.
At the end of Friday’s trade, CMS Energy Corporation (NYSE:CMS)‘s shares dipped -2.22% to $71.78.
CMS Energy Corporation (NYSE:CMS) is coordinating with the Michigan Department of Natural Resources to install buoys this month to assist warn the public to stay out of potentially unsafe areas right away downstream of hydro facilities.
Consumers Energy, Michigan’s largest utility, is the principal partner of CMS Energy (CMS), providing natural gas and electricity to 6.6 million of the state’s 10 million residents in all 68 Lower Peninsula counties.
The buoys will stretch across the rivers directly below the dams, where released water can be dangerously turbulent and life threatening. The public is asked to stay downstream from the buoys. Tampering with the public safety device could result in criminal prosecution.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigans Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants.
New York Mortgage Trust Inc (NASDAQ:NYMT), ended its Friday’s trading session with -1.14% loss, and closed at $7.78.
New York Mortgage Trust Inc (NYMT) approved a performance share award (“PSA”) following the Company’s 2010 Equity Incentive Plan to Steven R. Mumma, the Company’s Chairman, Chief Executive Officer and President (the “Recipient”). The PSA is a performance-based equity award under which the number of underlying shares of the Company’s common stock that can be earned will generally range from 0% to 200% of the target number of PSA granted, with the target number of PSA granted raised to reflect the value of the reinvestment of any dividends declared on Company common stock during the measurement period.
New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States. It primarily invests in residential mortgage-backed securities comprising adjustable-rate, hybrid adjustable-rate, fixed-rate, interest only and inverse interest only, and principal only mortgage-backed securities; multi family commercial mortgage-backed securities; and residential mortgage loans, counting loans sourced from distressed markets.
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