Shares of HP Inc (NYSE:HPQ) ended Monday session in green amid volatile trading. The shares closed up +0.34 points or 2.28% at $15.05 with 9.78 million shares getting traded. Post opening the session at $14.90, the shares hit an intraday low of $14.89 and an intraday high of $15.15 and the price vacillated in this range throughout the day. The company has a market cap of $25.75 billion and the numbers of outstanding shares have been calculated to be 1.71 billion shares.
HP Inc (HPQ) recently unveiled its most recent generation premium consumer PC line-up for the 2016 holidays. The next generation portfolio features a thinner and lighter convertible with better battery life for portability and a beautifully designed all-in-one to bring amazing sound experiences into the home.
The premium portfolio is built to address customers’ need for devices that inspire and excite. Whether for within the home or on the go, the HP Premium products have become the gold standard for what customers expect from their computing experience. New products debuting recently include:
HP Spectre x360, the second generation of HP’s revolutionary x360 convertible now features a near zero border display in a design that is 13 percent thinner and 11 percent lighter.
HP ENVY laptop offers a sophisticated design offering up to 14 hours of battery life, four more than the previous model.
HP ENVY AIO 27 combines computing power with media experiences that features a near borderless Technicolor Color Certified HD display that floats over an integrated four speaker sound bar tuned by Bang & Olufsen.
HP ENVY 27 Display a feature-rich 4K IPS display with a micro-edge bezel design for dual display set-ups.
Shares of Globalstar, Inc. (NYSEMKT:GSAT) ended Monday session in green amid volatile trading. The shares closed up +0.093 points or 11.18% at $0.920 with 2.50 million shares getting traded. Post opening the session at $0.86, the shares hit an intraday low of $0.82 and an intraday high of $0.94 and the price vacillated in this range throughout the day. The company has a market cap of $993.93 million and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
Globalstar, Inc. (GSAT) recently declared its financial results for the quarter ended September 30, 2016.
THIRD QUARTER FINANCIAL REVIEW
Total revenue for the third quarter of 2016 raised by $1.9 million, or 8%, from the third quarter of 2015. This increase was driven mainly by higher service revenue resulting from growth in our average subscriber base and raised ARPU. This increase in service revenue was offset partially by a decrease in revenue generated from equipment sales due mainly to fewer core Simplex units being sold during the three months ended September 30, 2016.
Service revenue raised $2.3 million, or 12%, in the third quarter of 2016 contrast to the third quarter of 2015. This increase was driven mainly by growth in SPOT and Duplex service revenue, which raised $0.9 million and $1.9 million, respectively. Higher ARPU and average subscribers propelled this growth. The 26% increase in Duplex service revenue from the third quarter of 2015 was driven mainly by a 22% increase in ARPU. Higher ARPU was due mainly to raised revenue from annual, usage-based plans because a greater proportion of our new subscribers select these more valuable plans. These annual, usage-based plans result in higher service revenue recognized in seasonally stronger months. Partially offsetting the increases in SPOT and Duplex service revenue was a slight decrease in Simplex service revenue and a $0.4 million decrease in other service revenue.
Subscriber equipment sales revenue was down $0.4 million, or 11%, from $4.0 million in the third quarter of 2015 to $3.6 million in the third quarter of 2016 due mainly to a $0.4 million decrease in Simplex equipment sales revenue. This decrease was because of a decline in the number of units sold reflecting the downturn in the oil and gas industry, which has negatively influenced our business because of the concentration of Simplex customers who operate in this industry.