On Wednesday, Shares of Intersil Corporation (NASDAQ:ISIL), dropped -1.85% to $13.79.
Intersil Corporation, declared financial results for the first quarter of 2015. Revenue of $134.2 million was up 2.3% sequentially. The company stated a GAAP net loss of $68.8 million resulting from a charge related to intellectual property litigation. Non-GAAP earnings per share of $0.17 exceeded expectations due in part to lower than anticipated operating expenses but also as a result of record gross margin during the quarter.
Company Highlights
- Gross margin improved again and was up to 59.9% on a GAAP basis and 60.2% on a non-GAAP basis.
- Operating income on a non-GAAP basis raised sequentially, resulting in a non-GAAP operating margin of 21.3%.
- Diluted GAAP loss per share was $0.53 and non-GAAP earnings per share were $0.17.
Intersil Corporation designs and develops power administration and precision analog integrated circuits (ICs) for industrial and infrastructure, consumer, and computing markets.
Shares of Digital Realty Trust Inc. (NYSE:DLR), declined -1.84% to $63.85.
Digital Realty Trust, declared that its operating partnership, Digital Realty Trust, L.P., has given notice of its intention to redeem all of its outstanding 4.50% Notes due 2015, following its option under the Indenture governing the Notes, dated July 8, 2010. The redemption date will be May 26, 2015, rather than May 25, 2015 as formerly declared. The redemption price is 100% of the principal amount of the Notes plus accrued and unpaid interest thereon up to, but not taking into account, the redemption date. As of the date hereof, the aggregate principal amount of the Notes outstanding was $375 million.
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and administration of technology-related real estate.
At the end of Wednesday’s trade, Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP), dwindled -1.83% to $85.72.
Check Point Software Technologies, declared that it is positioned as a Leader in the 2015 Gartner Magic Quadrant for Enterprise Network Firewalls. Check Point has been positioned as a Leader in Enterprise Network Firewalls since 1997.
“The Leaders quadrant contains vendors that build products that fulfill enterprise requirements. These requirements comprise a wide range of models, support for virtualization and virtual LANs, and a administration and reporting capability that is designed for complex and high-volume environments, such as multitier administration and rule/policy minimization. A solid NGFW capability is an important element as enterprises continue to move away from having dedicated IPS appliances at their perimeter and remote locations. Vendors in this quadrant lead the market in offering new safeguarding features, providing expert capability rather than treating the firewall as a commodity, and having a good track record of avoiding vulnerabilities in their security products. Common characteristics comprise handling the highest throughput with minimal performance loss and offering options for hardware acceleration,” writes Gartner.
Check Point Software Technologies Ltd. develops, markets, and supports a range of software, combined hardware, and software products and services for information technology (IT) security worldwide.
Finally, Lowe’s Companies Inc. (NYSE:LOW), ended its last trade with -1.81% loss, and closed at $70.44.
Lowe’s Innovation Labs, the disruptive innovation hub of Lowe’s Companies, is introducing in-store and online 3D printing and scanning services to provide homeowners a simple, fun experience designing and producing hard-to-find replacement parts and unique decor items for personal expression throughout their home.
“The home is very personal and 3D printing gives homeowners unprecedented access to build items that reflect their individuality,” said Kyle Nel, executive director of Lowe’s Innovation Labs. “Until now, it’s been hard for the average consumer to benefit from this technology because of the cost and complexity, so we are bringing customers an approachable and affordable customization experience.”
Lowe’s Innovation Labs developed this project in partnership with Authentise, which provides secure distribution tools for 3D printing and assists companies execute 3D innovation through its partner Authentise Services. “Our partnership with Authentise enabled us to rapidly develop 3D solutions in a way that is core to home improvement and positions Lowe’s at the forefront of the digital manufacturing revolution,” Nel said.
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
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