On Wednesday, GrubHub Inc (NYSE:GRUB)’s shares declined -9.82% to $40.85.
GrubHub Inc (GRUB) launched its Seamless App for Apple Watch. Also announced today are the company’s plans to release a GrubHub app for Apple Watch in the near future.
The Seamless App for Apple Watch will give users instant access to re-ordering capabilities, with payment and other specific order details auto-populated from previous orders. The GrubHub App will be available for download in the coming weeks and allow diners to receive order status updates and notifications directly on the Apple Watch. Reordering capabilities will be rolled out in future GrubHub App updates.
GrubHub Inc., together with its auxiliaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects about 30,000 local restaurants with diners in about 800 cities.
Internap Corp (NASDAQ:INAP)’s shares dropped -10.16% to $9.37.
RDG Capital Fund Administration, a noteworthy shareholder of Internap Corp (INAP) declared recently it has delivered a letter to the Company’s Board of Directors (the “Board”). The letter notes that despite ongoing operational improvements and recent share price appreciation, RDG believes Internap remains significantly undervalued contrast to its estimated private market value of $16 - $19 per share.
To remedy the Company’s undervaluation, RDG strongly recommends the Board retain a nationally recognized investment banking advisor to explore planned alternatives to maximize shareholder value, counting a potential sale or merger. Based on talk aboutions with leading technology sector M&A investment bankers, RDG believes there are likely a number of potential planned buyers who would be interested in acquiring Internap at a noteworthypremium to its recent trading valuation.
Internap Corporation provides information technology (IT) infrastructure services. It operates through two business segments, Data Center Services and Internet Protocol (IP) Services.
At the end of Wednesday’s trade, SUPERVALU INC. (NYSE:SVU)‘s shares dipped -9.61% to $8.94.
SUPERVALU INC. (SVU) stated fourth quarter fiscal 2015 net sales of $4.36 billion and net earnings from ongoing operations of $36 million ($0.13 per diluted share).
Results for the fourth quarter of fiscal 2015 comprised of $30 million in after-tax debt refinancing, benefit plan and store closure costs and charges. When adjusted for these items, fourth quarter fiscal 2015 net earnings from ongoing operations were $66 million ($0.24 per diluted share) which comprised of an approximate $0.03 per diluted share benefit related to the additional week in fiscal 2015. Net earnings from ongoing operations for last year’s fourth quarter were $42 million ($0.15 per diluted share) and comprised of $8 million in after-tax net costs and charges primarily for employee severance and debt refinancing activities. When adjusted for these items, fourth quarter fiscal 2014 net earnings from ongoing operations were $50 million ($0.18 per diluted share). [See tables 1-5 for a reconciliation of GAAP and non-GAAP (adjusted) results appearing in this release.]
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. It operates through three segments: Independent Business, Save-A-Lot, and Retail Food.
Spirit Airlines Incorporated (NASDAQ:SAVE), ended its Wednesday’s trading session with -9.27% loss, and closed at $70.66.
Spirit Airlines Incorporated (SAVE) stated first quarter 2015 financial results.
- Adjusted net income for the first quarter 2015 raised 87.1 percent to $70.7 million ($0.96 per diluted share) contrast to the first quarter 20141. GAAP net income for the first quarter 2015 raised 83.0 percent year over year to $69.0 million ($0.94 per diluted share).
- Adjusted pre-tax margin for the first quarter 2015 was 22.7 percent, up 900 basis points year over year1. On a GAAP basis, pre-tax margin for the first quarter 2015 was 22.1 percent.
- Spirit ended the first quarter 2015 with unrestricted cash and cash equivalents balance of $741.6 million.
Spirit Airlines, Inc. provides low-fare airline services. As of February 17, 2015, it operated about 325 daily flights to 57 destinations in the United States, Caribbean, and Latin America.
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