Pre-Market Trend Analysis Report: Seadrill (NYSE:SDRL), Pandora Media (NYSE:P)

Seadrill Ltd(NYSE:SDRL) stock dropped -3.47% in today’s pre market session with the price of $3.62. Over the last one month and over the past three months, Seadrill Ltd shares gained 1.08% and dropped -5.06%, respectively. Furthermore, the stock surged 10.62% since the start of this year. The company’s shares are trading 3.93% above their 50-day moving average. Additionally, Seadrill Ltd has an RSI of 57.91 and beta of 2.25.

Seadrill Limited (“Seadrill” or the “Company”) announces June 9, 2016 that it has entered into a privately negotiated exchange agreement with certain holders of its outstanding 5-5/8% Senior Notes due 2017 (the “2017 Notes”), pursuant to which the Company has agreed to issue a total of 7,500,000 new shares of its common stock, par value $2.00 per share, in exchange for $50.0 million principal amount of the 2017 Notes in accordance with Section 3(a)(9) of the U.S. Securities Act of 1933, as amended (the “Exchange”).   Settlement is expected to occur on June 13, 2016, upon which the Company will have a total of 508,444,280 shares of its common stock issued and outstanding.

Pandora Media Inc(NYSE:P) stock on Friday’s pre market session gained 2.20% at price of $12.07. Over the last one month and the previous three months, Pandora Media Inc’s shares gained 21.38% and 15.90%, respectively. Additionally, the stock has dropped -11.93% since the beginning of 2016. The company’s shares are trading above their 50-day moving averages by -19.70%.

Pandora (NYSE:P), the go-to music source for fans and artists, June 8, 2016 announced that the company’s President & CFO, Mike Herring, will present at the William Blair Growth Stock Conference.

Mr. Herring will present at the William Blair Growth Stock Conference on Tuesday, June 14, 2016 at 3:30 p.m. CT / 4:30 p.m. ET in Chicago, IL.

A live audio webcast will be available on Pandora’s Investor Relations website at http://investor.pandora.com.

Pandora is the world’s most powerful music discovery platform – a place where artists find their fans and listeners find music they love. We are driven by a single purpose: unleashing the infinite power of music by connecting artists and fans, whether through earbuds, car speakers, live on stage or anywhere fans want to experience it. Our team of highly trained musicologists analyze hundreds of attributes for each recording which powers our proprietary Music Genome Project®, delivering billions of hours of personalized music tailored to the tastes of each music listener, full of discovery, making artist/fan connections at unprecedented scale.

Pre-Market Stock’s Buzzers: BHP Billiton Ltd (ADR)(NYSE:BHP), Biogen (NASDAQ:BIIB)

BHP Billiton Limited (ADR)(NYSE:BHP) stock dropped -2.33% in today’s pre market session with the price of $28.95. Over the last one month and over the past three months, BHP Billiton Limited shares gained 12.91% and 9.98%, respectively. Furthermore, the stock has gained 16.50% since the start of this year. The company’s shares are trading 6.23% above their 50-day moving average. Additionally, BHP Billiton Limited has an RSI of 62.40 and beta of 1.49.

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through Petroleum and Potash, Copper, Iron Ore, and Coal segments. The company explores for, develops, produces, and markets oil and gas with operating assets in the deep water Gulf of Mexico, Western Australia, Trinidad and Tobago, the United Kingdom, and Pakistan; and owns the Jansen potash project located in the Saskatchewan potash basin in Canada. It also explores for copper, silver, lead, zinc, molybdenum, uranium, gold, iron ore, and seaborne metallurgical and thermal coal. The company was formerly known as BHP Limited and changed its name to BHP Billiton Limited in July 2001. BHP Billiton Limited was founded in 1851 and is headquartered in Melbourne, Australia. BHP Billiton Limited operates as a subsidiary of BHP Billiton Group.

Biogen Inc. (NASDAQ:BIIB) stock on Friday’s pre market session gained 1.14% at price of $257.07. Over the last one month and the previous three months, Biogen Inc’s shares dropped -5.92% and ticked down -0.58%, respectively. Additionally, the stock has plunged -17.03% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by -6.37% and -8.77%, respectively.

June 7, 2016, Biogen (BIIB) reported top-line results from the Phase 2 SYNERGY study evaluating opicinumab (anti-LINGO-1), an investigational, fully human monoclonal antibody being developed as a potential neuroreparative therapy in people with relapsing forms of multiple sclerosis (RMS). In the study, opicinumab missed the primary endpoint, a multicomponent measure evaluating improvement of physical function, cognitive function, and disability. However, evidence of a clinical effect with a complex, unexpected dose-response was observed.

“It is only through taking thoughtful, calculated risks that we can bring major advances to patients,” said Alfred Sandrock, M.D., Ph.D., executive vice president and chief medical officer at Biogen. “Achieving repair of the human central nervous system through remyelination would be a substantial achievement, and while we missed the primary endpoint, the SYNERGY study results suggest evidence of a clinical effect of opicinumab. Due to the complex nature of the data set, we continue to analyze the results to inform the design of our next study.”

Opicinumab also did not meet the secondary efficacy endpoint in SYNERGY, which evaluated the slowing of disability progression. Safety and pharmacokinetics (PK) were also assessed as secondary endpoints. Opicinumab was generally well-tolerated and the safety profile was consistent with what has been observed in prior studies. Opicinumab showed a linear, well-behaved PK profile over the studied dose range. SYNERGY results will be presented at future medical meetings.

Premarket Runners: Restoration Hardware Holdings (NYSE:RH), Helios and Matheson Analytics (NASDAQ:HMNY)

Restoration Hardware Holdings Inc. (NYSE:RH) stock dropped -20.40% in today’s pre market session with the price of $28.70. Over the last one month and over the past three months, Restoration Hardware Holdings, Inc’s shares lost -3.56% and -5.18%, respectively. Furthermore, the stock has plummeted -54.60% since the start of this year. The company’s shares are trading -7.46% above their 50-day moving average. Additionally, Restoration Hardware Holdings, Inc. has an RSI of 53.81 and beta of 1.40.

RH June 9, 2016 announced financial results for the first quarter ended April 30, 2016.

The Company will post a video presentation between approximately 1:15 p.m. – 1:30 p.m. PT (4:15 p.m. – 4:30 p.m. ET) today highlighting its continued evolution and recent performance on the RH Investor Relations website at ir.restorationhardware.com.

First Quarter Highlights

Net revenues increased 8% on top of a 15% increase last year

Comparable brand revenues increased 4% on top of a 15% increase last year

GAAP net loss of $13.5 million compared to net income of $7.2 million for the same period last year

Adjusted net loss of $2.1 million compared to adjusted net income of $9.8 million last year

GAAP diluted loss per share of $0.33 compared to diluted earnings per share of $0.17 for the same period last year

Adjusted diluted loss per share of $0.05 compared to adjusted diluted earnings per share of $0.23 last year

First Quarter Fiscal 2016 Results

Revenue – Net revenues for the first quarter of fiscal 2016 increased 8% to $455.5 million from $422.4 million in the first quarter of fiscal 2015.

Comparable brand revenue growth, which includes direct, was 4% in the first quarter of fiscal 2016 on top of 15% for the same period last year.

Stores revenues increased 19% to $256.1 million in the first quarter of fiscal 2016. This growth is on top of a 13% increase in stores revenues in the first quarter of fiscal 2015.

Direct revenues decreased 4% to $199.4 million in the first quarter of fiscal 2016. Direct revenues during the first quarter of fiscal 2016 represented 44% of total net revenues.

Helios and Matheson Analytics Inc(NASDAQ:HMNY) stock on Friday’s pre market session gained 4.50% at price of $9.52. Over the last one month and the previous three months, Helios and Matheson Analytics Inc’s shares gained 941.67% and 933.76%, respectively. Additionally, the stock has surged 889.21% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by 742.81% and 638.43%, respectively.

Helios and Matheson Analytics Inc. (HMNY), a provider of integrated Big Data technology, advanced analytics and data visualization solutions to Fortune 500 companies, and Zone Technologies, Inc., creator of RedZone Maps, a GPS-driven, real-time crime and navigation map application, announced June 6, 2016 that they plan to merge. With the new partnership, Helios and Matheson plans to leverage its artificial intelligence capabilities and deep learning and analytics expertise to enable RedZone Maps to further expand its crime mapping capabilities globally. The pending merger is subject to approval by the NASDAQ Stock Market, among other customary closing conditions.

Having achieved fourth place in the App Store’s navigation category behind Google and Waze in its first week out of beta, RedZone Maps’ GPS-driven, real-time crime and navigation map application empowers consumers to identify “red zones” – concentrations of highly reported crime in an area – and helps navigators obtain optimal cautionary alerts that can be shared with others. In addition to expanding RedZone Maps’ mapping capabilities, RedZone Maps expects Helios and Matheson’s expertise to enable it to monitor chatter on all social media platforms internationally and instantaneously retrieve real-time crime data from around the world.

In discussing the pending merger, Ted Farnsworth, Founder and CEO of RedZone Maps, said, “Upon discovering Helios and Matheson’s cutting edge capabilities in Big Data analytics and artificial intelligence, we saw the synergy immediately. I believe the combined company will be able to offer the most sophisticated and advanced technology in global crime mapping. Our mission is to enhance personal safety worldwide.”

Pat Krishnan, Helios and Matheson’s CEO agrees. “With my many years of computer sciences and engineering management experience in Silicon Valley, I recognized our synergy immediately. Helios and Matheson has worked tirelessly to empower its clients and customers to unlock the value of data to make better decisions.  We plan to expand that mission through our pending merger with RedZone Maps.”Y

Pre-Market Stocks Roundup: Tesco Corporation (USA)(NASDAQ:TESO), Ambarella Inc(NASDAQ:AMBA)

Tesco Corporation (USA) (NASDAQ:TESO) stock dropped -6.84% in today’s pre market session with the price of $7.36. Over the last one month and over the past three months, Tesco Corporation shares gained 0.61% and 8.99%, respectively. Furthermore, the stock has gained 10.94% since the start of this year. The company’s shares are trading 1.85% above their 50-day moving average. Additionally, Tesco Corporation has an RSI of 52.35 and beta of 1.06.

Tesco Corporation June 8, 2016 announced that it has priced its underwritten public offering of 7,000,000 common shares of the Company at a price to the public of $7.00 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares at the offering price (less the underwriting discounts).  The Company expects to close the sale of the common shares on June 14, 2016, subject to customary closing conditions.

The Company intends to use the net proceeds of the offering for general corporate purposes, which could include working capital, capital expenditures, acquisitions or other initiatives.

BofA Merrill Lynch is acting as the sole book-running manager for the offering.

The Company has filed a registration statement including a prospectus and a prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request from BofA Merrill Lynch, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC  28255-0001, email dg.prospectus_requests@baml.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Ambarella Inc(NASDAQ:AMBA) stock on Friday’s pre market session gained 0.60% at price of $52.50. Over the last one month and the previous three months, Ambarella Inc’s shares gained 35.76% and 31.86%, respectively. Additionally, the stock has dropped -6.82% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by 24.46% and 2.28%, respectively.

Ambarella, Inc. (AMBA), a leading developer of low-power, HD and Ultra HD video compression and image processing semiconductors, June 2, 2016 announced financial results for its first quarter of fiscal year 2017 ended April 30, 2016.

Revenue for the first quarter of fiscal 2017 was $57.2 million, down 19.5% from $71.0 million in the same period in fiscal 2016.

Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2017 was 64.2%, compared with 64.7% for the same period in fiscal 2016.

GAAP net income for the first quarter of fiscal 2017 was $1.8 million, or $0.05 per diluted ordinary share, compared with GAAP net income of $18.9 million, or $0.56 per diluted ordinary share, for the same period in fiscal 2016.

Financial results on a non-GAAP basis for the first quarter of fiscal 2017 are as follows:

Gross margin on a non-GAAP basis for the first quarter of fiscal 2017 was 64.6%, compared with 64.8% for the same period in fiscal 2016.

Non-GAAP net income for the first quarter of fiscal 2017 was $11.4 million, or $0.34 per diluted ordinary share. This compares with non-GAAP net income of $23.7 million, or $0.71 per diluted ordinary share, for the same period in fiscal 2016.

Ambarella reports gross margin, net income and earnings per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information for the first fiscal quarter excludes the impact of stock-based compensation adjusted for the associated tax impact which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income and earnings per share numbers for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.

Total cash, cash equivalents and marketable securities on hand at the end of the first fiscal quarter of 2017 was $323.8 million, compared with $235.2 million at the end of the same quarter a year ago.

Noteworthy Movers in Pre-Market: Chesapeake Energy Corporation (NYSE:CHK), SolarCity Corp(NASDAQ:SCTY)

Chesapeake Energy Corporation (NYSE:CHK) stock dropped -3.92% in today’s pre market session with the price of $4.78. Over the last one month and over the past three months, Chesapeake Energy shares gained 21.22% and 7.34%, respectively. Furthermore, the stock has plummeted -2.53% since the start of this year. The company’s shares are trading 2.03% above their 50-day moving average. Additionally, Chesapeake Energy has an RSI of 60.18 and beta of 1.69.

Chesapeake Energy Corporation (CHK) May 5, 2015 reported financial and operational results for the 2016 first quarter. Highlights include:

Signed agreement to sell approximately 42,000 net acres prospective for the STACK play in Oklahoma for approximately $470 million; includes current production of 3,800 boe per day

2016 first quarter production averaged approximately 672,400 boe per day, an increase of 1% year over year, adjusted for asset sales

Improved 2016 first quarter cost performance leads to lower full-year 2016 production expense and GP&T expense guidance

Financial strategy remains focused on maximizing liquidity and liability management; company reiterates target of $1.2 to $1.7 billion total gross proceeds from asset divestitures by year-end

Doug Lawler, Chesapeake’s Chief Executive Officer, commented, “Chesapeake is delivering on all four of the focus points for 2016 that we stated in February: maximizing liquidity, optimizing our portfolio, increasing cash flow and reducing debt. We are pleased this morning to announce approximately $500 million of incremental asset sales above the $700 million we announced in late February. The STACK acreage sale we are announcing today accelerates value from a portion of our undeveloped acreage that currently generates very little cash flow, giving us the ability to enhance current liquidity. This transaction contributes substantially to achieving our previously announced target of an incremental $500 million to $1 billion of asset sales by year-end. We anticipate subsequent divestitures during the second and third quarters.

“Our cash costs continue to decline, and we remain sharply focused on improving our margins through continued progress with our midstream and downstream partners. As a result, we have recognized incremental improvements in both our production expense and our total gathering, processing and transportation expenses and revised our 2016 guidance accordingly. Additionally, since January 1, 2016, we have reduced debt that matures or can be put to us in 2017 by approximately $282 million. Our recently amended revolving credit facility agreement gives us sufficient liquidity and capacity to pursue additional reductions of our near-term maturities as opportunities arise.”

2016 First Quarter Results

For the 2016 first quarter, Chesapeake reported a net loss available to common stockholders of $964 million, or $1.44 per fully diluted share. The primary driver of the net loss was a noncash impairment of the carrying value of Chesapeake’s oil and natural gas properties of approximately $853 million, largely resulting from decreases in the trailing 12-month average first-day-of-the-month oil and natural gas prices as of March 31, 2016, compared to December 31, 2015. Adjusting for items that are typically excluded by securities analysts, including the impairment discussed above, the 2016 first quarter adjusted net loss available to common stockholders was $120 million, or $0.10 per fully diluted share. Reconciliations of financial measures calculated in accordance with generally accepted accounting principles to adjusted measures that are typically calculated by securities analysts are provided on pages 10 – 12 of this release.

SolarCity Corp(NASDAQ:SCTY) stock on Friday’s pre market session gained 3.60% at price of $23.90. Over the last one month and the previous three months, SolarCity Inc’s shares gained 2.49% and ticked down -11.95%, respectively. Additionally, the stock has dropped -54.78% since the beginning of 2016. The company’s shares are trading below their 50-day and 200-day moving averages by -9.25% and -31.30%, respectively.

June 3, 2016, SolarCity (SCTY) has unveiled a new solar loan program—available in 14 states –that will allow many customers to immediately pay less for solar each month than they previously paid for utility bills and pocket thousands in additional dollars from applicable tax credits. The company has leveraged its installation volume—SolarCity installed more residential solar in 2015 than the next 50 competitors combined—to negotiate extremely favorable terms on behalf of its customers.

“SolarCity’s new loans replace its popular MyPower product—which allowed SolarCity to provide more loans in 2015 than any other solar installer—with new options that include fixed payments and shorter terms.  The new loans offer a range of features:

10-year loan with annual percentage rate as low as 2.99%.

20-year loan with annual percentage rate as low as 4.99%.

Customers can prepay their entire balance or prepay a portion of their loan to lower their monthly payments at any time, with no fees or penalties.

SolarCity’s loans include the industry’s best service package, including a 20-year warranty, production guarantee, and continuous monitoring.

SolarCity provides the industry’s best mounting system and installation aesthetics, and backs up its agreements with the largest in-house service footprint in the industry, with 90 local operations centers.

SolarCity will provide and install a Nest Thermostat at no additional cost for qualifying customers.

SolarCity’s new solar loans are available today in Arizona, California, Colorado, Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Mexico, New Jersey, New York, Oregon, Rhode Island, Texas and Washington, D.C., and the company expects to announce new locations soon.

Premarket Runners: Seadrill Ltd (NYSE:SDRL), Pandora Media Inc. (NYSE:P)

Seadrill Ltd(NYSE:SDRL) stock dropped -3.47% in today’s pre market session with the price of $3.62. Over the last one month and over the past three months, Seadrill Ltd shares gained 1.08% and dropped -5.06%, respectively. Furthermore, the stock surged 10.62% since the start of this year. The company’s shares are trading 3.93% above their 50-day moving average. Additionally, Seadrill Ltd has an RSI of 57.91 and beta of 2.25.

Seadrill Limited (“Seadrill” or the “Company”) announces June 9, 2016 that it has entered into a privately negotiated exchange agreement with certain holders of its outstanding 5-5/8% Senior Notes due 2017 (the “2017 Notes”), pursuant to which the Company has agreed to issue a total of 7,500,000 new shares of its common stock, par value $2.00 per share, in exchange for $50.0 million principal amount of the 2017 Notes in accordance with Section 3(a)(9) of the U.S. Securities Act of 1933, as amended (the “Exchange”).   Settlement is expected to occur on June 13, 2016, upon which the Company will have a total of 508,444,280 shares of its common stock issued and outstanding.

Pandora Media Inc(NYSE:P) stock on Friday’s pre market session gained 2.20% at price of $12.07. Over the last one month and the previous three months, Pandora Media Inc’s shares gained 21.38% and 15.90%, respectively. Additionally, the stock has dropped -11.93% since the beginning of 2016. The company’s shares are trading above their 50-day moving averages by -19.70%.

Pandora (NYSE:P), the go-to music source for fans and artists, June 8, 2016 announced that the company’s President & CFO, Mike Herring, will present at the William Blair Growth Stock Conference.

Mr. Herring will present at the William Blair Growth Stock Conference on Tuesday, June 14, 2016 at 3:30 p.m. CT / 4:30 p.m. ET in Chicago, IL.

A live audio webcast will be available on Pandora’s Investor Relations website at http://investor.pandora.com.

Pandora is the world’s most powerful music discovery platform – a place where artists find their fans and listeners find music they love. We are driven by a single purpose: unleashing the infinite power of music by connecting artists and fans, whether through earbuds, car speakers, live on stage or anywhere fans want to experience it. Our team of highly trained musicologists analyze hundreds of attributes for each recording which powers our proprietary Music Genome Project®, delivering billions of hours of personalized music tailored to the tastes of each music listener, full of discovery, making artist/fan connections at unprecedented scale.

Pre-Market Investor’s Alert: BHP Billiton Limited (ADR)(NYSE:BHP), Biogen Inc(NASDAQ:BIIB)

BHP Billiton Limited (ADR)(NYSE:BHP) stock dropped -2.33% in today’s pre market session with the price of $28.95. Over the last one month and over the past three months, BHP Billiton Limited shares gained 12.91% and 9.98%, respectively. Furthermore, the stock has gained 16.50% since the start of this year. The company’s shares are trading 6.23% above their 50-day moving average. Additionally, BHP Billiton Limited has an RSI of 62.40 and beta of 1.49.

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through Petroleum and Potash, Copper, Iron Ore, and Coal segments. The company explores for, develops, produces, and markets oil and gas with operating assets in the deep water Gulf of Mexico, Western Australia, Trinidad and Tobago, the United Kingdom, and Pakistan; and owns the Jansen potash project located in the Saskatchewan potash basin in Canada. It also explores for copper, silver, lead, zinc, molybdenum, uranium, gold, iron ore, and seaborne metallurgical and thermal coal. The company was formerly known as BHP Limited and changed its name to BHP Billiton Limited in July 2001. BHP Billiton Limited was founded in 1851 and is headquartered in Melbourne, Australia. BHP Billiton Limited operates as a subsidiary of BHP Billiton Group.

Biogen Inc. (NASDAQ:BIIB) stock on Friday’s pre market session gained 1.14% at price of $257.07. Over the last one month and the previous three months, Biogen Inc’s shares dropped -5.92% and ticked down -0.58%, respectively. Additionally, the stock has plunged -17.03% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by -6.37% and -8.77%, respectively.

June 7, 2016, Biogen (BIIB) reported top-line results from the Phase 2 SYNERGY study evaluating opicinumab (anti-LINGO-1), an investigational, fully human monoclonal antibody being developed as a potential neuroreparative therapy in people with relapsing forms of multiple sclerosis (RMS). In the study, opicinumab missed the primary endpoint, a multicomponent measure evaluating improvement of physical function, cognitive function, and disability. However, evidence of a clinical effect with a complex, unexpected dose-response was observed.

“It is only through taking thoughtful, calculated risks that we can bring major advances to patients,” said Alfred Sandrock, M.D., Ph.D., executive vice president and chief medical officer at Biogen. “Achieving repair of the human central nervous system through remyelination would be a substantial achievement, and while we missed the primary endpoint, the SYNERGY study results suggest evidence of a clinical effect of opicinumab. Due to the complex nature of the data set, we continue to analyze the results to inform the design of our next study.”

Opicinumab also did not meet the secondary efficacy endpoint in SYNERGY, which evaluated the slowing of disability progression. Safety and pharmacokinetics (PK) were also assessed as secondary endpoints. Opicinumab was generally well-tolerated and the safety profile was consistent with what has been observed in prior studies. Opicinumab showed a linear, well-behaved PK profile over the studied dose range. SYNERGY results will be presented at future medical meetings.

Pre-Market Stocks Briefing: Restoration Hardware Holdings Inc. (NYSE:RH), Helios and Matheson Analytics Inc(NASDAQ:HMNY)

Restoration Hardware Holdings Inc. (NYSE:RH) stock dropped -20.40% in today’s pre market session with the price of $28.70. Over the last one month and over the past three months, Restoration Hardware Holdings, Inc’s shares lost -3.56% and -5.18%, respectively. Furthermore, the stock has plummeted -54.60% since the start of this year. The company’s shares are trading -7.46% above their 50-day moving average. Additionally, Restoration Hardware Holdings, Inc. has an RSI of 53.81 and beta of 1.40.

RH June 9, 2016 announced financial results for the first quarter ended April 30, 2016.

The Company will post a video presentation between approximately 1:15 p.m. – 1:30 p.m. PT (4:15 p.m. – 4:30 p.m. ET) today highlighting its continued evolution and recent performance on the RH Investor Relations website at ir.restorationhardware.com.

First Quarter Highlights

Net revenues increased 8% on top of a 15% increase last year

Comparable brand revenues increased 4% on top of a 15% increase last year

GAAP net loss of $13.5 million compared to net income of $7.2 million for the same period last year

Adjusted net loss of $2.1 million compared to adjusted net income of $9.8 million last year

GAAP diluted loss per share of $0.33 compared to diluted earnings per share of $0.17 for the same period last year

Adjusted diluted loss per share of $0.05 compared to adjusted diluted earnings per share of $0.23 last year

First Quarter Fiscal 2016 Results

Revenue – Net revenues for the first quarter of fiscal 2016 increased 8% to $455.5 million from $422.4 million in the first quarter of fiscal 2015.

Comparable brand revenue growth, which includes direct, was 4% in the first quarter of fiscal 2016 on top of 15% for the same period last year.

Stores revenues increased 19% to $256.1 million in the first quarter of fiscal 2016. This growth is on top of a 13% increase in stores revenues in the first quarter of fiscal 2015.

Direct revenues decreased 4% to $199.4 million in the first quarter of fiscal 2016. Direct revenues during the first quarter of fiscal 2016 represented 44% of total net revenues.

Helios and Matheson Analytics Inc(NASDAQ:HMNY) stock on Friday’s pre market session gained 4.50% at price of $9.52. Over the last one month and the previous three months, Helios and Matheson Analytics Inc’s shares gained 941.67% and 933.76%, respectively. Additionally, the stock has surged 889.21% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by 742.81% and 638.43%, respectively.

Helios and Matheson Analytics Inc. (HMNY), a provider of integrated Big Data technology, advanced analytics and data visualization solutions to Fortune 500 companies, and Zone Technologies, Inc., creator of RedZone Maps, a GPS-driven, real-time crime and navigation map application, announced June 6, 2016 that they plan to merge. With the new partnership, Helios and Matheson plans to leverage its artificial intelligence capabilities and deep learning and analytics expertise to enable RedZone Maps to further expand its crime mapping capabilities globally. The pending merger is subject to approval by the NASDAQ Stock Market, among other customary closing conditions.

Having achieved fourth place in the App Store’s navigation category behind Google and Waze in its first week out of beta, RedZone Maps’ GPS-driven, real-time crime and navigation map application empowers consumers to identify “red zones” – concentrations of highly reported crime in an area – and helps navigators obtain optimal cautionary alerts that can be shared with others. In addition to expanding RedZone Maps’ mapping capabilities, RedZone Maps expects Helios and Matheson’s expertise to enable it to monitor chatter on all social media platforms internationally and instantaneously retrieve real-time crime data from around the world.

In discussing the pending merger, Ted Farnsworth, Founder and CEO of RedZone Maps, said, “Upon discovering Helios and Matheson’s cutting edge capabilities in Big Data analytics and artificial intelligence, we saw the synergy immediately. I believe the combined company will be able to offer the most sophisticated and advanced technology in global crime mapping. Our mission is to enhance personal safety worldwide.”

Pat Krishnan, Helios and Matheson’s CEO agrees. “With my many years of computer sciences and engineering management experience in Silicon Valley, I recognized our synergy immediately. Helios and Matheson has worked tirelessly to empower its clients and customers to unlock the value of data to make better decisions.  We plan to expand that mission through our pending merger with RedZone Maps.”