During Tuesday’s Afternoon trade, Shares of EXCO Resources Inc(NYSE:XCO), gain 2.59% to $0.558.
EXCO Resources, Inc. ( XCO ) declared operating and financial results for the second quarter 2015.
2015 Second Quarter Highlights
- Drilled 9 gross (4.4 net) and turned-to-sales 22 gross (5.7 net) operated horizontal wells in the second quarter 2015, comprising with the capital budget.
- Produced 361 Mmcfe per day, or 33 Bcfe, for the second quarter 2015, which exceeded the midpoint of guidance. Production raised 22 Mmcfe per day from the first quarter 2015.
- Adjusted EBITDA, a non-GAAP measure, was $69 million for the second quarter 2015, 19% above adjusted EBITDA for the first quarter 2015, primarily due to higher production as well as lower operating and general and administrative costs.
- Cost saving initiatives resulted in general and administrative costs and gathering and transportation costs that were 7% and 6%, respectively, below the low-end of guidance, in addition to operating costs within guidance. Reduced drilling and completion costs through negotiations with key vendors.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States. The company holds interests in about 85,300 net acres located in the Haynesville and Bossier shales of East Texas and North Louisiana; about 52,900 net acres located in the Eagle Ford shale of South Texas; and about 157,000 net acres of prospective area located in the Marcellus shale of the Appalachian basin.
Shares of Acadia Healthcare Company Inc(NASDAQ:ACHC), declined -0.13% to $81.83, during its Afternoon trading session.
Acadia Healthcare Company, Inc. (ACHC) declared financial results for the second quarter and six months ended June 30, 2015. For the quarter, revenue raised 112.2% to $453.7 million from $213.8 million for the second quarter of 2014. Income from ongoing operations was $33.8 million, or $0.49 per diluted share, for the second quarter of 2015 contrast with $22.5 million, or $0.43 per diluted share, for the second quarter of 2014. Adjusted income from ongoing operations raised 137.8% to $39.5 million for the second quarter of 2015 from $16.6 million for the second quarter of 2014, while adjusted income from ongoing operations per diluted share raised 78.1% to $0.57 from $0.32. The adjusted results exclude transaction-related expenses of $7.2 million and $3.0 million for the second quarter of 2015 and 2014, respectively, a $1.0 million loss on foreign currency derivatives for the second quarter of 2015 and a $13.7 million gain on foreign currency derivatives for the second quarter of 2014. Weighted average shares outstanding raised 32.6% for the second quarter of 2015 from the second quarter of 2014, primarily due to the issuance of common stock in June 2014 and February and May 2015, the net proceeds of which have primarily been used to fund acquisitions. A reconciliation of all non-GAAP financial results in this release appears on pages 8 and 9.
For the first six months of 2015, revenue grew 97.4% to $819.4 million from $415.2 million for the first six months of 2014. Income from ongoing operations for the first half of 2015 was $48.4 million, or $0.74 per diluted share, contrast with $35.5 million, or $0.69 per diluted share, for the same period in 2014. Adjusted income from ongoing operations raised 117.5% to $66.6 million for the first six months of 2015 from $30.6 million for the first six months of 2014, while adjusted income from ongoing operations per diluted share raised 68.3% to $1.01 from $0.60. The adjusted results exclude transaction-related expenses of $25.6 million and $4.6 million for the first half of 2015 and 2014, respectively, a $0.9 million loss on foreign currency derivatives for the first half of 2015 and a $13.7 million gain on foreign currency derivatives for the first half of 2014. Weighted average shares outstanding raised 28.5% for the first six months of 2015 contrast with the same period in 2014.
Acadia Healthcare Company, Inc. develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, and substance abuse facilities providing outpatient behavioral healthcare services to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico. Its acute inpatient psychiatric facilities offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities comprise residential recovery facilities, eating disorder facilities, and comprehensive treatment centers providing a comprehensive continuum of care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers treat patients with behavioral disorders in a non-hospital setting, counting outdoor programs.
GameStop Corp. (NYSE:GME), during its Tuesday’s Afternoon trading session gained 0.62% to $47.24.
GameStop Ireland is launching Zing Pop Culture, the kings of cool that lead the way in offering every type of pop culture “loot” imaginable, from kid classics like Pokemon and Disney toys, to hard-core collectibles from Marvel, Star Wars and more.
GameStop Ireland has introduced the Zing Pop Culture range of products into its 50 stores across the country, in addition to launching a dedicated store within GameStop’s flagship store on Dublin’s Henry Street.
Zing Pop Culture, Henry Street, will officially open at 11:00 a.m. on Saturday 8th August and the first 40 customers in-store will receive a €25 voucher to spend towards whatever “loot” they like. Superhero celebrities will be on hand to entertain the crowd and customers will enjoy ‘Big Kid Canapés’ and juice boxes, while radio station Spin 103.8 spins some tunes from the greatest pop culture movies ever made.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
Finally, Oclaro, Inc. (NASDAQ:OCLR), gained 0.36%, to $2.80.
Oclaro, Inc. (OCLR), a leading provider and innovator of optical communications solutions, recently declared the financial results for its fourth quarter and fiscal year 2015, which ended June 27, 2015.
Results for the Fourth Quarter of Fiscal 2015
- Revenues were $82.2 million for the fourth quarter of fiscal 2015, contrast with revenues of $83.0 million in the third quarter of fiscal 2015.
- GAAP gross margin was 19.3% for the fourth quarter of fiscal 2015, contrast with a GAAP gross margin of 15.3% in the third quarter of fiscal 2015.
- Non-GAAP gross margin was 19.9% for the fourth quarter of fiscal 2015, contrast with a non-GAAP gross margin of 15.8% in the third quarter of fiscal 2015.
- GAAP operating loss was $8.4 million for the fourth quarter of fiscal 2015. This compares with a GAAP operating loss of $13.4 million for the third quarter of fiscal 2015.
- Non-GAAP operating loss was $5.4 million for the fourth quarter of fiscal 2015, contrast with a non-GAAP operating loss of $9.5 million in the third quarter of fiscal 2015.
- GAAP net loss for the fourth quarter of fiscal 2015 was $11.4 million. This compares with a GAAP net loss of $10.2 million in the third quarter of fiscal 2015.
Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, combine, and separate light signals in telecom netoperates.
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