On Friday, Shares of WhiteWave Foods Co (NYSE:WWAV), added 0.37% and closed at $54.15 in the last trading session. The last trading range of the stock ranges between $53.77 and $54.16. WhiteWave’s third quarter 2016 stated diluted earnings per share was $0.32 and adjusted diluted earnings per share was $0.37, apart from operating costs associated with its China joint venture. Counting joint venture costs, WhiteWave stated third quarter 2016 adjusted diluted earnings per share of $0.35.
Net sales for third quarter 2016 were $1.1 billion, a 5 percent increase from net sales of $1.0 billion in third quarter 2015. These results were driven by organic growth and acquisitions within the last year, partially offset by Fresh Foods platform results and unfavorable currency impacts. On a constant currency basis, net sales raised 6 percent in third quarter 2016, when contrast to third quarter 2015. Apart From acquisitions, organic constant currency net sales raised 3 percent in third quarter 2016.
Before the impact of Fresh Foods’ results, net sales raised 8 percent, constant currency net sales raised 9 percent and organic constant currency net sales raised 6 percent in third quarter 2016, when contrast to third quarter 2015.
TASER International, Inc. (NASDAQ:TASR), jumped 1.34% and closed at $27.18 in the last trading session. The last trading range of the stock ranges between $26.04 and $27.24. The company’s Market capitalization is $1.44 Billion with the total Outstanding Shares of 52.28 million. Axon, a business unit of TASER International (TASR) and the global leader in digital evidence administration solutions with the leading body-worn camera, recently declared the selection of the Axon body-worn video platform by the Seattle Police Department. In addition to the cameras, Seattle PD will secure a subscription to Evidence.com, Axon’s cloud-based digital evidence administration platform. The initial deployment of cameras is estimated to start in December 2016. Final contract details are still being negotiated at this time.
Lumentum Holdings Inc (NASDAQ:LITE), jumped 5.48% and closed at $36.60 in the last trading session. The last trading range of the stock ranges between $34.31 and $37.00.The company stock’s 52-week range is $17.46 – $45.25. On Friday, October 28, 2016, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 closed down with the US markets also showing signs of a bearish trend as five out of nine sectors ended the session in negative. Taking the markets’ pulse, Stock-Callers this morning has initiated research reports on the following Communication Equipment equities: Lumentum Holdings Inc. (LITE), Knowles Corporation (KN), Harmonic Inc. (HLIT), and Impinj Inc. (PI). Learn more about these stocks by downloading their comprehensive and free reports at:
Milpitas, California headquartered Lumentum Holdings Inc.’s stock declined 3.73%, to finish Friday’s session at $37.45 with a total volume of 2.14 million shares traded. Over the past three months and the previous one year, Lumentum’s shares have surged 23.15% and 158.10%, respectively. Shares of the company, which manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide, are trading 30.86% above its 200-day moving average. Lumentum’s stock has a Relative Strength Index (RSI) of 36.49.