On Thursday, Shares of Key Energy Services, Inc. (NYSE:KEG), gained 13.98% to $0.640.
Key Energy Services stated second quarter 2015 merged revenues of $197.5 million and a pre-tax GAAP loss of $96.1 million, or $0.42 per share. The results for the second quarter comprise:
- a pre-tax loss of $21.4 million, or $0.10 per share, related to a pending sale and the associated impairment of our assets in Oman;
- pre-tax costs of $8.4 million, or $0.04 per share, related to the formerly revealed Foreign Corrupt Practices Act (“FCPA”) investigations;
- a pre-tax loss of $2.1 million, or $0.01 per share, on the sale of certain U.S. assets; and
- pre-tax costs of $1.1 million due to severance.
Not taking into account these items, the Company stated a pre-tax loss of $63.1 million, or $0.27 per share. First quarter 2015 merged revenues were $267.8 million with a pre-tax GAAP loss of $91.1 million, or $0.39 per share. The results for the first quarter comprise a pre-tax charge of $21.7 million, or $0.09 per share, for a true-up to the impairment charge recorded in the fourth quarter 2014 associated with the Coiled Tubing Services segment, pre-tax costs of $18.0 million, or $0.08 per share, related to the FCPA investigations, a pre-tax charge of $4.0 million, or $0.02 per share, for a reserve associated with the receivable from the Company’s 2012 sale of its’ Argentine business, pre-tax costs of $3.3 million, or $0.01 per share, due to severance and a pre-tax charge of $2.2 million, or $0.01 per share, related to assets destroyed in Mexico. Not taking into account these items, the Company stated a pre-tax loss of $41.9 million, or $0.18 per share.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.
Shares of E*TRADE Financial Corp (NASDAQ:ETFC), inclined 5.27% to $26.59, during its last trading session.
E*TRADE Financial Corporation, released its Monthly Activity Report for July 2015.
Daily Average Revenue Trades (“DARTs”) for July were 149,283, a seven percent enhance from June, and a three percent decrease from the year-ago period. The Company added 29,623 gross new brokerage accounts in July, and ended the month with about 3.2 million brokerage accounts. Not taking into account-closed accounts from the shutdown of the Company’s global trading platform, net new brokerage accounts were 2,727.
Net new brokerage assets were $0.2 billion in the month. During the month, customer security holdings raised by 0.2 percent, or $0.5 billion, and brokerage-related cash reduced by $0.8 billion to $41.2 billion. Bank-related cash and deposits ended the month unchanged at $5.5 billion. Customers were net buyers of about $1.1 billion in securities during the month.
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration.
At the end of Thursday’s trade, Shares of Masco Corp (NYSE:MAS), gained 2.14% to $26.30.
Masco Corporation declared that Chief Financial Officer John Sznewajs will take part at the RBC Capital Markets’ Global Industrials Conference on September 10 in Las Vegas at 11:00 a.m. ET.
Headquartered in Taylor, Mich., Masco Corporation is a global leader in the design, manufacture, and distribution of branded home improvement and building products. Our portfolio of industry-leading brands comprises Behr paint; Delta and Hansgrohe faucets, bath and shower fixtures; KraftMaid and Merillat cabinets; Milgard windows and doors; and HotSpring spas. We leverage our powerful brands across product categories, sales channels, and geographies to create value for our customers and shareholders.
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. Its Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions.
Finally, Allstate Corp (NYSE:ALL), ended its last trade with 2.87% gain, and closed at $58.74.
Drivers now have even more incentive to drive safely. Drivewise Mobile – Allstate’s award winning smartphone application – now prominently features Allstate Rewards. In addition to saving money on their auto insurance every six months, safe drivers now can use the upgraded app to earn points and use the points for deals on merchandise, gift cards and local offers.
With this additional benefit, Drivewise Mobile becomes the first of its kind offered by an insurance company. Any driver can earn Allstate Rewards points, regardless of whether they have an insurance policy with Allstate.
In the latest iteration of the app, Allstate continues to encourage safe driving for everyone through a point system offering savings on merchandise from big-name brands. While most reward programs generally require someone to make a purchase or pay their bill to earn points, consumers simply need to drive safely to benefit from Allstate Rewards.
The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names.
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