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Tuesday 26 May 2015
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Stocks under Pressure: Insys Therapeutics (NASDAQ:INSY), Norwegian Cruise Line Holdings (NASDAQ:NCLH), El Pollo LoCo Holdings (NASDAQ:LOCO), NQ Mobile (NYSE:NQ)

On Wednesday, Insys Therapeutics Inc (NASDAQ:INSY)’s shares declined -4.43% to $57.12.

Insys Therapeutics Inc (INSY) declared that Michael L. Babich, President and Chief Executive Officer, and Darryl Baker, Chief Financial Officer, will present at the Jefferies 2015 Healthcare Conference on Tuesday, June 2, 2015 at 11:00 a.m. EDT.

Insys Therapeutics, Inc., a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets Subsys, a proprietary sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant cancer patients; and Dronabinol SG Capsule, a dronabinol soft gelatin capsule that is generic equivalent to Marinol, an approved second-line treatment for chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.

Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH)’s shares dropped -4.40% to $54.78.

Norwegian Cruise Line Holdings Ltd (NCLH) declared the pricing of the formerly declared secondary public offering of 20 million of its ordinary shares by certain funds associated with Apollo Global Administration, LLC, Star NCLC Holdings Ltd. and certain funds associated with TPG Global, LLC following an automatic shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission at a price to the public of $54.85 per ordinary share. The offering is predictable to close on or about May 26, 2015, subject to customary closing conditions.

Norwegian Cruise Line Holdings Ltd., a cruise line operator, through its auxiliaries, provides cruise experiences for travelers with various itineraries. It offers cruises ranging from 1 day to 180 days. The company’s distribution channel comprises independent travel agents, wholesalers, and tour operators.

At the end of Wednesday’s trade, El Pollo LoCo Holdings Inc (NASDAQ:LOCO)‘s shares dipped -4.12% to $22.35.

El Pollo LoCo Holdings Inc (LOCO) declared financial results for the 13-week ended April 1, 2015.

Highlights for the first quarter ended April 1, 2015, contrast to the first quarter ended March 26, 2014 were as follows:

  • Total revenue raised 11.1% to $90.4 million contrast to $81.4 million.
  • System-wide comparable restaurant sales grew 5.1%, counting a 3.5% enhance for company-operated restaurants, and a 6.2% enhance for franchised restaurants.
  • Net income was $6.8 million, or $0.17 per diluted share, contrast to net income of $5.5 million, or $0.18 per diluted share.
  • Pro forma net income(1)raised 40.1% to $7.1 million, or $0.18 per diluted share, contrast to $5.0 million, or $0.13 per diluted share.
  • Adjusted EBITDA(1)raised 11.6% to $16.6 million.

El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States.

NQ Mobile Inc (ADR) (NYSE:NQ), ended its Wednesday’s trading session with -4.04% loss, and closed at $3.56.

NQ Mobile Inc (ADR) (NQ) declared its unaudited financial results for the first quarter of 2015.

Highlights for First Quarter 2015

  • Quarterly Net Revenues were $89.2 million in the first quarter of 2015, an 11.8% enhance year-over-year from $79.8 million in the same period in 2014, surpassing the Company’s formerly issued guidance of $85.0 million to $86.0 million.
  • Net Loss attributable to NQ Mobile was $17.0 million or net loss per ADS was $0.19 in the first quarter of 2015, a 21.3% improvement contrast with a net loss of $21.7 million or a 44.1% improvement contrast with a net loss per ADS of $0.34 in the same period in 2014.
  • Non-GAAP Net Income attributable to NQ Mobile was $0.45 million or diluted Non-GAAP earnings per ADS was $0.00 contrast with Non-GAAP net income of $9.6 million or diluted Non-GAAP earnings per ADS of $0.13 in the same period in 2014.
  • Total Share Based Compensation Expenses fell to $12.5 million, a 46.6% decline year-over-year from $23.4 million in the same period in 2014.

NQ Mobile Inc. provides mobile Internet services in the People’s Republic of China and internationally. The company provides products and services in the areas of mobile security, privacy, productivity, personalized cloud, and family protection. It operates through two segments, Consumer and Enterprise.

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