On Tuesday, Shares of Citigroup Inc. (NYSE:C), lost -1.87% to $57.64.
Citigroup declared the applicable Reference Yield and Total Consideration for the formerly declared cash tender offers with respect to each series of notes set forth.
The Offers are being made following the offer to purchase dated July 27, 2015 and the related letter of transmittal for the Notes denominated in U.S. dollars and the related letter of transmittal for the Notes denominated in Canadian dollars which set forth in more detail the terms and conditions of the Offers. Capitalized terms used but not otherwise defined in this declaration shall have the meaning given to them in the Offer to Purchase.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of DryShips, Inc. (NASDAQ:DRYS), declined -5.30% to $0.40, during its last trading session, hitting its lowest level.
DryShips declared its unaudited financial and operating results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights
- For the second quarter of 2015, the Company stated a net loss of $1.44 billion, or $2.17 basic and diluted loss per share.
- Comprised of in the second quarter 2015 results are:
- A one-time non-cash loss of $1.35 billion, or $2.03 per share, as a result of the deconsolidation of Ocean Rig.
- Impairment charge on one drybulk vessel, of $83.9 million, or $0.13 per share.
- Other non-cash losses related to the formerly declared settlement of receivables and new employment reached with one of our charterers, of $45.8 million, or $0.07 per share.
- Not taking into account these items, the Company’s net results would have amounted to a net income of $36.5 million, or $0.06 per share.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments.
Finally, Zebra Technologies Corporation (NASDAQ:ZBRA), ended its last trade with -23.85% loss, and closed at $83.80.
Zebra Technologies Corporation stated that net sales for the three months ended July 4, 2015, were $889.8 million, contrast with $288.4 million for the second quarter of 2014. The GAAP net loss for the second quarter was $76.3 million, or $1.50 per share, contrast with GAAP net income of $27.6 million, or $0.54 per diluted share, for the second quarter of 2014.
Non-GAAP Financial Results (unaudited)
For the second quarter of 2015, non-GAAP net income was $53.3 million, or $1.05 per share, contrast with $47.0 million, or $0.92 per diluted share, for the second quarter of 2014. Adjusted EBITDA for the second quarter of 2015 were $131.5 million, as compared to $67.0 million for the second quarter of 2014. The company’s calculation of non-GAAP results adjusts for certain items on a tax-effected basis, counting stock-based compensation expense, acquisition and integration costs, exit and restructuring costs, purchase accounting adjustments, amortization of intangible assets, and foreign exchange gains or losses. Please refer to the tables comprised of in this press release for reconciliations of GAAP to non-GAAP financial results.
Zebra Technologies Corporation, together with its auxiliaries, designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, real-time locating solutions, related accessories, and support software worldwide. It products are used principally in automatic identification (auto ID), data collection, and personal identification applications.
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