On Friday, Linear Technology Corporation (NASDAQ:LLTC)’s shares declined -1.88% to $40.21.
Linear Technology Corporation (LLTC), a leading, independent manufacturer of high performance linear integrated circuits, recently stated financial results for the fiscal quarter ended June 28, 2015. Quarterly revenues of $379.5 million for the fourth quarter of fiscal year 2015 raised $14.1 million or 3.8% over $365.4 million stated in the fourth quarter of fiscal year 2014 and raised $7.5 million or 2.0% over the previous quarter’s revenue of $372.0 million. Net income of $132.7 million raised $3.0 million or 2.3% over the fourth quarter of fiscal year 2014 but reduced $2.5 million or 1.8% from the third quarter of fiscal year 2015. Diluted earnings per share of $0.54 per share in the fourth quarter of fiscal year 2015 raised $0.01 per share or 2% over the fourth quarter of fiscal year 2014 but reduced $0.01 per share or 2% from the third quarter of fiscal year 2015. Net income and diluted earnings per share reduced on a sequential basis primarily due to a higher effective tax rate of 25.25% contrast to 22.50% in the third quarter of fiscal 2015.
Revenue for fiscal year 2015 was $1,475.1 million, an enhance of 6.2% or $86.7 million over revenue of $1,388.4 million in the preceding fiscal year. Net income of $521.0 million for fiscal year 2015 raised $61.0 million or 13.3% over $460.0 million stated in the previous fiscal year. Net income grew at a greater percentage than revenue primarily due to the extinguishment of the Convertible Senior Notes at the end of fiscal 2014. Accordingly, fiscal year 2015 had no related interest expense.
Linear Technology Corporation, together with its auxiliaries, designs, manufactures, and markets a line of analog integrated circuits (ICs) worldwide. It produces power administration, data conversion, signal conditioning, radio frequency (RF), and interface ICs; µModule subsystems; and wireless sensor network products.
Ambarella Inc (NASDAQ:AMBA)’s shares gained 1.01% to $124.23.
Ambarella, Inc. (AMBA), a leading developer of video compression and image processing semiconductors, recently declared the acquisition of VisLab S.r.l., a privately held Italian company based in Parma, Italy for $30 million in cash. VisLab, the Vision and Intelligent Systems Laboratory at the University of Parma, is a pioneer in perception systems and autonomous vehicle research and was founded by Professor Alberto Broggi. The company has developed computer vision and intelligent control systems for automotive and other commercial applications, counting Advanced Driver Assistance Systems and several generations of autonomous vehicle driving systems. These comprise “Porter,” an autonomous vehicle that made a 13,000 km autonomous trip from Italy to China in 2010.
As part of the acquisition, VisLab’s 27 researchers will join Ambarella’s advanced computer vision development team. This will enable extensive and robust computer vision support in future Ambarella solutions targeting Ambarella’s core markets counting automotive, IP security, wearable, and flying cameras.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP) security cameras, telepresence cameras, and unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market.
At the end of Friday’s trade, Cloud Peak Energy Inc. (NYSE:CLD)‘s shares surged 5.98% to $3.19.
Cloud Peak Energy Inc. (CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, declared second quarter 2015 shipments and updated its annual Adjusted EBITDA guidance. Results for the second quarter and first six months of 2015 are expected to be announced on July 29, 2015. Conference call details are set forth below.
Second quarter 2015 shipments from the Company’s three mines were 16.0 million tons compared to 20.6 million tons in the second quarter of 2014. For the full year 2015, the Company now expects shipments to be between 74 and 78 million tons.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
HD Supply Holdings Inc (NASDAQ:HDS), ended its Friday’s trading session with -2.81% loss, and closed at $33.59.
HD Supply Holding, Inc. (HDS) declared that it has reached a definitive agreement to sell its HD Supply Power Solutions business unit, a leading provider of a diverse product and service offering serving investor owned utility, public power, construction and industrial markets, to Anixter Inc. The purchase price is $825 million payable in cash at closing. The transaction is predictable to close in HD
HD Supply Holdings, Inc. operates as an industrial distributor in North America. The company’s Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, in addition to heating, ventilating, and air conditioning products.
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.
