Shake Shack Inc. (SHAK, Financial)
Shares of Shake Shack Inc. (SHAK, Financial)Â surged more than 9% in after-hours trading Wednesday as the company reported stronger-than-expected profit and revenue in its quarterly financial results.
For the first quarter 2015, SHAK posted revenue of $37.8 million, a 56.3% increase year over year, and non-GAAP net income (excluding non-recurring items) of $1.3 million, or $0.04 per diluted share, compared to $0.6 million, or $0.02 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus of ($0.03) loss per share on revenues of $33.96 million for the period
SHAK said it now expects fiscal 2015 revenues to be in the range of $161 million to $165 million, up from a prior revenue guidance range of $159 million to $163 million.
SHAK is a modern day “roadside” burger stand known for its 100% all-natural, antibiotic-free Angus beef burgers (no hormones added ever), hot dogs, frozen custard, crinkle cut fries, beer and wine (available at select locations) and more.
More about Shake Shack Inc. (SHAK, Financial) at www.shakeshack.com
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Ctrip.com International Ltd. (CTRP, Financial)
The price of Ctrip.com International Ltd. (CTRP, Financial) stock soared and touched a record high in the extended session Wednesday after it delivered quarterly profit and revenue numbers that exceeded Wall Street analysts' expectations.
For the first quarter 2015, CTRP posted net revenues of $373 million, a 46% increase year over year, and non-GAAP net income (excluding non-recurring items) of $5 million, or $0.04 per diluted American Depositary Share (ADS), topping the Capital IQ Consensus Estimate of ($0.09) loss per share on revenues of $363.22 million for the period.
According to its business outlook for the second quarter of 2015, CTRP expects to continue the net revenue growth year-on-year at a rate of approximately 45-50%.
CTRP is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China.
More about Ctrip.com International Ltd. (CTRP, Financial) at www.ctrip.com
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Integrated Silicon Solution Inc. (ISSI, Financial)
After the closing bell on Wednesday, Cypress Semiconductor Corp. (CY, Financial) said that it sent a a formal proposal letter to the board of directors of Integrated Silicon Solution Inc. (ISSI, Financial), offering to acquire the company for $19.75 per share in cash.
Cypress' proposal is superior to the $19.25 per share sale price ISSI agreed to in the Agreement and Plan of Merger entered into with a Chinese consortium of investors led by Summitview Capital on March 12, 2015.
Cypress mentioned in the letter that the section 5.2 of the Consortium Merger Agreement explicitly permits ISSI's board of directors to consider any superior proposal that would result in a transaction more favorable to the company's stockholders from a financial point of view.
ISSI posted annual revenues of $329 million for fiscal 2014.
ISSI designs, develops, and markets high performance specialty integrated circuits for the automotive, communications, industrial/medical and digital consumer industries.
More about Integrated Silicon Solution Inc. (ISSI, Financial) at www.issi.com
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Crown Equity Holdings Inc. (CRWE, Financial)
The company is currently developing its CRWE Network (www.CRWE-PR.com), a growing network of community targeted sites.
It has recently included Jackson, the county seat of Amador County, California (www.jackson.crwe-pr.com) in the CRWE Network.
Jackson had an estimated population in 2010 (U.S. Census) of 4,651, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally.
The CRWE Network has reached the 1,487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s CRWE Real Estate ( www.CRWERealEstate.com ) is expected to be integrated in all the CRWE Network. It will allow people to submit their listings for exposure to visitors searching for homes.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE, Financial) at www.crownequityholdings.com
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