On Friday, Inuvo Inc (NYSEMKT:INUV)’s shares declined -6.86% to $2.85, hitting its highest level, as Inuvo, declared that the expansion in both its digital publishing and ad-tech business segments over the last year has caused the Corporation to outgrow its current office. As a result, Inuvo has signed a five-year lease for office space in Little Rock, Arkansas that will effectively double its current office space to nearly 13,000 sf. The corporation will be relocating the majority of its 53 employees to a new facility at 500 President Clinton Ave. in Little Rock, Arkansas. The Corporation anticipates moving into the new facility later this year.
Inuvo, Inc., along with its auxiliaries, operates as an Internet marketing and technology corporation that delivers advertisements through various networks of Websites and applications reaching desktop and mobile devices in the United States.
Alpha Natural Resources, Inc. (NYSE:ANR)’s shares dropped -6.54% to $1.00, during the last trading session on Friday, level, as a leading U.S. coal supplier, plans to report its first quarter 2015 results prior to the market opens on Thursday, April 30, 2015. A conference call to review the results and current business conditions is planned to follow at 10:00 a.m. EDT that morning.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations.
At the end of Friday’s trade, Mitel Networks Corp (NASDAQ:MITL)‘s shares dipped -5.68% to $9.99, as Mitel(R), declared that Wes Durow has joined the corporation as Chief Marketing Officer. Mr. Durow joins Mitel as it continues to implement a disciplined and ambitious growth strategy that has made the corporation a global leader in business communications.
Mitel Networks Corporation provides business communications and partnership software and services worldwide. The corporation’s Premise segment sells and supports premise-based IP and time-division multiplexing, telephony platforms, desktop and in-building mobile devices, and UCC and contact center applications.
Gencorp Inc (NYSE:GY), ended its Friday’s trading session with -5.32% loss, and closed at $21.55, as GenCorp, stated results for the first quarter ended February 28, 2015.
Financial Overview
First Quarter of Fiscal 2015 contrast to First Quarter of Fiscal 2014
- Net sales for the first quarter of fiscal 2015 totaled $318.6 million contrast to $332.1 million for the first quarter of fiscal 2014.
- Net loss for the first quarter of fiscal 2015 was $(3.9) million, or $(0.07) loss per share, contrast to a net loss of $(2.3) million, or $(0.04) loss per share, for the first quarter of fiscal 2014.
- Adjusted EBITDAP (Non-GAAP measure*) for the first quarter of fiscal 2015 was $34.7 million, or 10.9% of net sales, contrast to $40.6 million, or 12.2% of net sales, for the first quarter of fiscal 2014.
GenCorp Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The corporation operates in two segments, Aerospace and Defense, and Real Estate.
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