On Wednesday, Shares of Great Basin Scientific, Inc. (NASDAQ:GBSN), skyrocketed 40.68% to $4.98, after the molecular diagnostic company declared that the U.S. Food and Drug Administration (FDA) has granted clearance to the company for its molecular diagnostic test for Group B Streptococcus (GBS).
This the second Great Basin assay that the FDA has cleared, the company said in a statement. Its first test, for Clostridiumdifficile, or C. diff, was approved in May 2012.
Great Basin intends to debut the GBS assay commercially in the second quarter of 2015.
Great Basin Scientific, Inc., a molecular diagnostic testing company, doing business as Great Basin Corporation, develops and commercializes molecular diagnostic systems that are designed to test hospital-attained infections.
Shares of Packaging Corporation of America (NYSE:PKG), surged 2.41% to $70.68, during its last trading session.
Packaging Corporation of America, stated first quarter net income of $91 million, or $0.92 per share contrast to last year’s first quarter net income of $90 million, or $0.92 per share. Earnings comprised of charges for special items for the Boise integration and DeRidder, Louisiana mill restructuring of $9 million, or $0.09 per share. Not taking into account special items, first quarter 2015 net income was $100 million, or $1.01 per share, contrast to first quarter 2014 net income of $106 million, or $1.08 per share. First quarter net sales were $1.4 billion in both 2015 and 2014.
Not taking into account special items, the $0.07 per share reduction in first quarter 2015 earnings, contrast to the first quarter of 2014, was driven by raised annual mill outage downtime and costs ($0.08), lower white papers prices and mix ($0.05), lower export containerboard prices ($0.02), and higher costs for wood ($0.04), medical ($0.04), labor and benefits ($0.04), and depreciation ($0.02). These items were partially offset by raised volume ($0.09), and lower costs for energy ($0.06), chemicals ($0.02) and purchased fiber ($0.02), and a state tax credit related to the investments at the DeRidder mill ($0.03).
Lower earnings contrast to PCA guidance of $1.07 to $1.10 per share for the first quarter were a result of extreme weather conditions ($0.03), additional downtime to complete the DeRidder annual outage ($0.03), and lower prices from the retroactive price decrease by trade publications and mix changes in white papers ($0.03).
PCA is the fourth largest producer of containerboard and corrugated packaging products in the United States and the third largest producer of uncoated freesheet paper in North America. PCA operates eight mills and 94 corrugated products plants and related facilities.
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States, Europe, Mexico, and Canada. The company’s Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that assist to merchandise the packaged product in retail locations; and honeycomb protective packaging.
At the end of Wednesday’s trade, Shares of CalAmp Corp. (NASDAQ:CAMP), gained 25.12% to $20.87.
CalAmp, declared that it has attained privately held Crashboxx™, an early stage technology company focused on insurance telematics applications across the entire auto insurance lifecycle, from driver risk assessment through claims processing automation. Consideration for the acquisition was $1.5 million in upfront cash and future earn-out payments based on post-acquisition sales.
Commenting on the acquisition, Michael Burdiek, President and Chief Executive Officer of CalAmp, said, “I am happy to declare the acquisition of Crashboxx. Their proprietary driver behavior, crash detection, crash notification and physical and bodily damage estimation technologies are extraordinarily unique within the emerging insurance telematics marketplace. Innovations counting automated first notification of loss and near real time estimation of damages and bodily injury could drive noteworthy business efficiencies and return on investment for both insurance carriers and fleet managers. Once fully commercialized, I believe that the Crashboxx technology will play a critical role in expanding CalAmp’s growth prospects in this enormous and largely untapped market.”
CalAmp Corp. develops and markets wireless communications products and solutions for various applications worldwide. It operates in two segments, Wireless DataCom and Satellite. The Wireless DataCom segment offers solutions for mobile resource administration applications, machine-to-machine communications space, and other emerging markets that require connectivity anytime and anywhere.
Finally, ASML Holding NV (NASDAQ:ASML), ended its last trade with 10.29% gain, and closed at $107.81.
ASML Holding, declared the results of its Annual General Meeting of Shareholders held on 22 April 2015.
The General Meeting of Shareholders adopted ASML`s statutory financial statements for the financial year 2014.
In addition, the General Meeting of Shareholders approved the following items:
- Discharge of the members of the Board of Administration and the Supervisory Board from liability for their responsibilities in the financial year 2014.
- Proposal to adopt a 2014 dividend of EUR 0.70 per ordinary share of EUR 0.09.
- Proposal to adopt some adjustments to the Remuneration Policy for the Board of Administration.
- The maximum number of shares for the Board of Administration and the maximum number of stock options and/or shares for employees.
- The appointments of Ms. A. (Annet) Aris, Mr. G.J. (Gerard) Kleisterlee and Mr. R.D. (Rolf-Dieter) Schwalb as members of the Supervisory Board effective 22 April 2015.
- The appointment of KPMG Accountants N.V. as the external auditor for the reporting year 2016.
- Proposal to authorize the Board of Administration for a period of 18 months from 22 April 2015: (i) to issue shares or grant rights to subscribe for shares in the capital of the Company, limited to 5 percent of the issued share capital of the Company at the time of the authorization; (ii) to issue an additional 5 percent of the issued share capital only in connection with mergers, acquisitions and/or (planned) alliances; and (iii) to authorize the Board of Administration to restrict or exclude the pre-emption rights in connection with any such issuance, all subject to the approval of the Supervisory Board.
- Proposal to extend the existing authority of the Board of Administration to attain through 22 October 2016 a maximum of 20% of ASML`s outstanding share capital, subject to the approval of the Supervisory Board. The shares can be attained at a price between the nominal value of the shares attained and 110 percent of the average market price for these securities on Euronext Amsterdam or Nasdaq Stock Market. The AGM also authorized the cancellation of up to 20% of the outstanding share capital of ASML as of 22 April 2015.
ASML Holding N.V. engages in the development, production, marketing, sale, and servicing of advanced semiconductor equipment systems with a focus on lithography related systems worldwide. It provides PAS 5500 family products, which comprise wafer steppers, and step and scan systems with i-line, krypton fluoride, and argon fluoride light sources for processing wafers.
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