Pure Storage Inc (NYSE:PSTG), Darling Ingredients Inc (NYSE:DAR)

On Monday, Shares of Pure Storage Inc (NYSE:PSTG), added 4.26% and closed at $14.70 in the last trading session. The last trading range of the stock ranges between $14.05 and $14.91. Pure Storage (PSTG), the market’s leading independent solid-state array vendor, declared recently that it has received a coveted 2016 CRN® Enterprise App Award for its Pure On The Go application in the Network/Device Administration category from The Channel Company. The CRN “Appys” recognize outstanding achievement by developers of enterprise mobile apps.

Awards were given in categories counting business intelligence/big data, business administration, communication, network/device administration, productivity and Editors’ Choice. Winners are selected by a CRN editorial panel on the basis of a combination of critical factors, counting functionality; suitability to task; innovation; and potential value to solution providers, their customers and the market in general.

Darling Ingredients Inc (NYSE:DAR), REMAIN FLAT and closed at $13.51 in the last trading session. The last trading range of the stock ranges between $13.45 and $13.80. The company’s Market capitalization is $2.21 Billion with the total Outstanding Shares of 164.60 million. Darling Ingredients Inc. (DAR), a global leader in converting edible and inedible bio-nutrient streams into a wide range of ingredients and specialty products for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries, recently declared financial results for the third quarter ending October 1, 2016.

For the third quarter of 2016, the Company stated net sales of $853.9 million, as contrast with net sales of $853.8 million for the third quarter of 2015.  Net income attributable to Darling for the three months ended October 1, 2016 was $28.7 million, or $0.17 per diluted share, contrast to a net loss of ($9.1) million, or ($0.06) per diluted share, for the third quarter of 2015.  The increase in net income is mainly attributable to higher earnings from DGD because of the inclusion of the blenders’ tax credit which was not available as of the end of the third quarter of 2015, higher Renewable Identification Number (“RIN”) values, and an income tax benefit. Adjusted EBITDA for Darling for the three months ended October 1, 2016 was $106.2 million contrast to Adjusted EBITDA of $106.1 million for the three months ended October 3, 2015.

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