On Friday, Shares of Alon USA Energy, Inc. (NYSE:ALJ), lost -0.48% to $20.90.
Alon USA Partners declared results for the second quarter of 2015. Net income for the second quarter of 2015 was $59.4 million, or $0.95 per unit, contrast to $7.8 million, or $0.12 per unit, for the same period last year. Net income for the first half of 2015 was $95.9 million, or $1.53 per unit, contrast to $50.0 million, or $0.80 per unit, for the same period last year.
The Board of Directors of Alon USA Partners GP, LLC, the general partner of Alon Partners, declared a cash distribution for the second quarter of 2015 of $1.04 per unit payable on August 25, 2015 to common unitholders of record at the close of business on August 18, 2015, based on cash accessible for distribution of $64.8 million.
Alon USA Energy, Inc. engages in refining and marketing petroleum products, primarily in the South Central, Southwestern, and Western regions of the United States. It operates in three segments: Refining and Marketing, Asphalt, and Retail.
Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR), declined -5.67% to $13.48, during its last trading session.
Wesco Aircraft Holdings, Inc. (WAIR), declared results for its fiscal 2015 third quarter ended June 30, 2015.
Fiscal 2015 Third Quarter Highlights
- Net sales were $368.7 million, a decrease of seven percent contrast to the third quarter of fiscal 2014.
- Organic sales fell four percent, adjusted for the impact of foreign currency movements.
- Diluted earnings per share were $0.17 contrast to $0.29 in the fiscal 2014 third quarter; adjusted diluted earnings per share were $0.22, contrast to $0.34 in the fiscal 2014 third quarter.
- Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $42.6 million, contrast to $63.2 million in the third quarter of fiscal 2014.
- Free cash flow was $32.6 million, contrast to $31.4 million in the fiscal 2014 third quarter.
Wesco Aircraft Holdings, Inc. distributes and provides supply chain administration services to the aerospace industry in the North America and internationally. Its services comprise traditional distribution, administration of supplier relationships, quality assurance, kitting, just-in-time delivery, and point-of-use inventory administration.
At the end of Friday’s trade, Shares of 58.com Inc (ADR) (NYSE:WUBA), gained 0.04% to $57.02.
58.com Inc., declared that it agreed to acquire a 70% equity stake in Leftbrain (NEEQ:430081), a technology company that is listed on China’s National Equities and Exchange and Quotation, for a total consideration of RMB100 million in cash. Leftbrain owns and operates AutoComment (www.xgo.com.cn), a major automotive information website and service platform in China. Subject to customary closing conditions, the transaction is predictable to close in the near future.
Founded in Beijing in 2007, AutoComment provides comprehensive and independent interactive content to automobile buyers and owners in China. With its large user base, AutoComment has become a preferred advertising platform for auto manufacturers and dealerships seeking to promote their brands, new model releases and sales promotions. AutoComment also offers auto dealers a fee-based subscription services that allows them to promote their cars to a targeted online audience. AutoComment ranked among the top 5 of China’s automotive websites in terms of traffic in 2014, according to iResearch
58.com Inc. operates an online marketplace for local merchants and consumers in the Peoples Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business.
Finally, SolarWinds Inc (NYSE:SWI), ended its last trade with 2.07% gain, and closed at $41.35.
SolarWinds, declared that its Board of Directors has authorized a share repurchase program for up to $200 million of the company’s common stock.
Share Repurchase
“Today’s share repurchases declaration highlights the confidence we feel in the size of our market opportunity and our ability to capitalize on it through our planned vision and disruptive business model,” said Kevin Thompson, SolarWinds’ President and Chief Executive Officer. “We believe that our strong cash position and free cash generation will enable us to seamlessly execute this repurchase while ongoing to aggressively invest in our business in an effort to drive long-term profitable growth and shareholder value,” added Thompson.
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide.
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