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Stock Market & Financial Investment News

News For ADEP From The Last 14 Days
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September 1, 2015
09:25 EDTADEPOn The Fly: Pre-market Movers
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August 31, 2015
18:32 EDTADEPOn The Fly: After Hours Movers
UP AFTER EARNINGS: Matrix Service (MTRX), up 6%... Bazaarvoice (BV), up 4.1%. ALSO HIGHER: Trevena (TRVN), up 32.2% after the Phase 2b study of TRV130 achieved its primary endpoint... Sunedison (SUNE), up 3.6% after Point72 reports a 5.1% passive stake in the company. LOWER: Adept Technology (ADEP), down 3.5% after reporting quarterly results and saying that the company's U.S. turnaround is taking longer than expected.
17:27 EDTADEPAdept Technology says U.S. turnaround taking longer than expected
The company cited headwinds from a strong dollar. Adept said it continues to see progress in its mobile business which contributed 22% to total revenue in Q4. Sales in Asia grew 40% year-over-year n Q4 while sales in Europe were down 15% and sales in the U.S. were down 20%. Europe was negatively impacted by the strong dollar. The turnaround in the U.S. is taking longer than anticipated and the company has taken steps to address this including new leadership and several new distributor relationships. Shares of Adept Technology are down 8.45% in after-hours trading. Comments from Q4 earnings call.
16:04 EDTADEPAdept Technology reports Q4 EPS (10c), consensus (7c)
Reports Q4 revenue $13.9M, consensus $14.4M.
August 26, 2015
08:03 EDTADEPAdept Technology management to meet with Canaccord
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