On Friday, Shares of Anthem Inc (NYSE:ANTM), subtract -0.13 % and closed at $133.68 in the last trading session. The last trading range of the stock ranges between $131.38 and $135.01. Anthem, Inc., through its auxiliaries, operates as a health benefits company in the United States. It operates through three segments: Commercial and Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small employer, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products. The company also provides a range of managed care services to self-funded customers, counting claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost administration, disease administration, wellness programs, and other administrative services. In addition, it offers an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit administration, and analytics-driven personal health care guidance; and Medicare administrative services. Further, the company provides services to the federal government in connection with the federal Employee Program; and operates as a licensee of the Blue Cross and Blue Shield Association. As of October 26, 2016, it served 73 million medical members through its associated companies.
Turtle Beach Corp (NASDAQ:HEAR), jumped 36.62 % and closed at $1.94 in the last trading session. The last trading range of the stock ranges between $1.31 and $2.00. The company’s Market capitalization is $130.48 Million with the total Outstanding Shares of 49.23million. Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company, stated financial results for the third quarter ended September 30, 2016.
Third Quarter Summary vs. Same Year-Ago Quarter:
Net revenue raised 7% (8% in constant currency) to $38.4 million with new-gen headset sales up 41%.
Counting a charge related to the HyperSound restructuring, gross margin was 10.2% contrast to 26.7%. Apart From the charge, gross margin raised 200 basis points to 28.7% with headset gross margin up 550 basis points to 33.3%.
Counting $0.81 per share in charges related to the HyperSound restructuring, net loss was $(44.8) million or $(0.91) per share, contrast to a loss of $(15.9) million or $(0.38) per share. Apart From the charges, net loss in the third quarter of 2016 improved to $(4.7) million or $(0.10) per share.
Merged adjusted EBITDA improved to $0.5 million contrast to $(3.3) million, with headset adjusted EBITDA improving to $3.4 million contrast to $0.3 million.
“The third quarter was yet again driven by strong gains in our new-gen headset portfolio, led by continued demand for our entry-level RECON series gaming headsets and initial sell-in of the STEALTH 520 wireless headset,” said Juergen Stark, CEO, Turtle Beach Corporation. “In fact, new-gen headset sales were up 41%, highlighting the continued strength of our portfolio, considering the year-ago quarter represented a noteworthynew-gen sell-in period.