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Stock Market & Financial Investment News

News Breaks
June 24, 2014
21:44 EDTADNCAudience acquires Sensor Platforms for $41M in cash
Audience announced that it has signed a definitive agreement to acquire Sensor Platforms for consideration consisting of $41M of cash. Sensor Platforms develops software and algorithms that interpret sensor data to enable context awareness on smartphones, wearables and other consumer devices. Closing is subject to customary conditions and is expected to be completed after June 30. Audience anticipates that it will update its expectations for future financial results that incorporate Sensor Platforms after the closing of the acquisition.
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July 31, 2014
17:05 EDTADNCAudience sees Q3 EPS (37c)-(43c), consensus (5c)
Sees Q3 revenue $25M-$28M, consensus $41.25M. The company said, "Going forward, with near-term expected softness with certain high end smartphones, we plan to implement expense reductions in excess of 15% of current run rate during Q3."
17:04 EDTADNCAudience reports Q2 EPS (10c), consensus (12c)
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