On Thursday, Shares of Maxim Integrated Products, Inc. (NASDAQ:MXIM), dropped -0.74% to $34.74.
Maxim Integrated Products, stated net revenue of $577 million for its third quarter of fiscal 2015 ended March 28, 2015, a 2% enhance from the $567 million revenue recorded in the preceding quarter, and a 5% decrease from the same quarter of last year.
Fiscal Year 2015 Third Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the March quarter was $0.28. The results were affected by pre-tax special items which primarily comprised of $23 million in charges related to acquisitions and $17 million in charges related to restructuring activities. GAAP earnings per share, not taking into account special items was $0.40.
Cash Flow Items
At the end of the third quarter of fiscal 2015, total cash, cash equivalents and short term investments were $1.47 billion, an enhance of $86 million from the preceding quarter. Notable items comprised of:
- Cash flow from operations: $182 million
- Net capital additions: $9 million
- Dividends: $79 million ($0.28 per share)
- Stock repurchases: $37 million.
Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. It primarily serves automotive, communications and data center, computing, consumer, and industrial markets.
Shares of Whole Foods Market, Inc. (NASDAQ:WFM), declined -0.72% to $48.25, during its last trading session.
Whole Foods Market, declared it will issue financial results for the Company’s second fiscal quarter ending April 12, 2015, after the market closes on Wednesday, May 6, 2015. Following the release via the wire services, the Company will host a conference call with financial analysts and investors from 4:00 - 4:45 p.m. (CT).
To take part, dial 877-876-9176 (domestic) and 785-424-1667 (international). The conference ID is “Whole Foods.”
Whole Foods Market, Inc. operates as a retailer of natural and organic foods. The company’s stores offer produce and floral, grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, and body care products, in addition to lifestyle products, counting books, pet products, and household products.
At the end of Thursday’s trade, Shares of Charter Communications, Inc. (NASDAQ:CHTR), dwindled -0.71% to $183.58.
Charter Communications, declared that its auxiliaries, CCO Holdings, LLC and CCO Holdings Capital Corp., closed on the sale of $2.7 billion in aggregate principal amount of senior unsecured notes due 2023, 2025 and 2027. The 2023 Notes total $1,150 million in aggregate principal amount and bear an interest rate of 5.125% per annum. The 2025 Notes total $750 million in aggregate principal amount and bear an interest rate of 5.375% per annum. The 2027 Notes total $800 million in aggregate principal amount and bear an interest rate of 5.875% per annum. The New Notes were issued at par.
The New Notes resulted in net proceeds to Charter of about $2,678 million after deducting underwriting discounts and commissions. Charter intends to use the net proceeds from the sale of the New Notes to finance its formerly declared tender offer for any and all of its outstanding $1.0 billion 7.25% Senior Notes due 2017 at a purchase price equal to $1,040.50 per $1,000 principal amount thereof plus accrued and unpaid interest and $700 million 8.125% Senior Notes due 2020 at a purchase price equal to $1,045.50 per $1,000 principal amount thereof plus accrued and unpaid interest, to redeem a portion of its 7.00% Senior Notes due 2019 at a purchase price equal to $1,035.00 per $1,000 principal amount thereof plus accrued and unpaid interest, to pay related fees and expenses and for general corporate purposes.
Charter Communications, Inc., through its auxiliaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. The company offers cable video programming services, counting basic and digital video, premium channels, on-demand, pay-per-view, high definition television, and digital video recorder services, in addition to Charter TV App, which enables video customers to search and discover content on various devices, counting the iPhone, iPad, iPod Touch, and Android based tablets.
Finally, Zions Bancorporation (NASDAQ:ZION), ended its last trade with -0.68% loss, and closed at $27.70.
Zions Bancorporation, will hold the company’s meeting of shareholders on Friday, May 22, 2015 at 1:00 p.m. MDT. The meeting will be held at Zions Bancorporation headquarters, One South Main Street, 18th Floor, Salt Lake City, Utah.
Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
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