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Sunday 7 June 2015
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Latest Update

Bears of the Day: Statoil ASA (NYSE:STO), Zynga (NASDAQ:ZNGA), Denny’s (NASDAQ:DENN), Clean Energy Fuels (NASDAQ:CLNE)

On Monday, Statoil ASA (ADR) (NYSE:STO)’s shares declined -2.79% to $20.56.

Statoil ASA (ADR) (STO) DNB has on 15th of May 2015 purchased 605,625 shares for use in the group’s Share saving plan.

The shares have been attained at a price of NOK 154.68 per share.

Before distribution to the employees, the Share saving plan has 9,023,190 shares.

Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally.

Zynga Inc (NASDAQ:ZNGA)’s shares dropped -2.62% to $2.97.

Zynga Inc (ZNGA) declared financial results for the first quarter ended March 31, 2015.
Business and Audience Highlights

  • Outperformed high end of Q1’15 outlook with bookings of $167.4 million, Adjusted EBITDA of $2.1 million and Non-GAAP net loss of $6.7 million in the first quarter of 2015.
  • Continued to make progress in our transition to mobile, with mobile bookings now 63% of total bookings in the first quarter of 2015 — up 84% year over year.
  • Grew average daily bookings per average DAU (ABPU) 18% year over year.
  • Drove mobile audience growth, with first quarter mobile daily users up 18% year over year and 9% sequentially and mobile monthly audience up 29% year over year and 9% sequentially.
  • Ongoing efforts to grow and sustain Zynga’s core franchises — FarmVille, Zynga CasinoandWords With Friends - resulted in 28% aggregate growth year over year in terms of first quarter bookings across the franchises.
  • Zynga Casinofranchise delivered bookings growth of 55% year over year and 14% sequentially.

Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe.

At the end of Monday’s trade, Denny’s Corporation (NASDAQ:DENN)‘s shares dipped -2.57% to $10.25.

HAVI Global Solutions, LLC (HGS) declared that Denny’s Corporation (DENN) franchisor and operator of one of America’s largest franchised full-service restaurant chains, has chosen HGS as its lead supplier of supply chain and packaging solutions. An expert partner in managed services and consulting solutions across global business supply chains, HGS will provide Sourcing & Spend Administration, Network Optimization and Packaging Category Administration solutions to Denny’s for six years.

HGS will deliver a comprehensive, custom solution for Denny’s that puts all key sourcing and supply chain administration functionality in one place, which comprises the following: supplier and distributor connectivity and visibility, network design and optimization, data mapping, spend administration, sourcing event administration, pricing and contract administration. HGS will also provide packaging category administration services, counting executing planned sourcing events for packaging categories, spearheading continuous improvement on existing items, and optimizing current supply networks.

Denny’s Corporation, through its partner, Denny’s, Inc., owns and operates full-service restaurants under the Denny’s brand name. As of December 31, 2014, it operated 1,702 franchised, licensed, and company owned restaurants, counting 1,596 restaurants in the United States; and 106 restaurants in Canada, Costa Rica, Mexico, Honduras, Guam, Curaçao, Puerto Rico, Dominican Republic, El Salvador, Chile, and New Zealand.

Clean Energy Fuels Corp (NASDAQ:CLNE), ended its Monday’s trading session with -2.52% loss, and closed at $8.12.

Clean Energy Fuels Corp (CLNE) declared operating results for the first quarter ended March 31, 2015.

Gallons delivered for the first quarter of 2015 raised 27% to 75.2 million gallons, contrast to 59.3 million gallons delivered in the same period a year ago. CNG, LNG and RNG gallons delivered were 52.4 million, 18.3 million and 4.5 million, respectively, for the first quarter of 2015, contrast to 39.4 million, 16.7 million and 3.2 million, respectively, in the same period of 2014.

Revenue for the first quarter of 2015 was $85.8 million, a decrease of 10% contrast to $95.3 million for the first quarter of 2014. Construction revenue in the first quarter of 2015 was $9.8 million less than construction revenue in the first quarter of 2014, principally due to timing of revenue recognition on construction projects in-process as of March 31, 2015 totaling about $9.1 million. Lower fuel prices which were driven by lower natural gas commodity costs reduced revenue by about $3.7 million in the first quarter of 2015 contrast to the same period in 2014. Revenue for IMW Industries, Ltd. (IMW), Clean Energy’s compressor manufacturing partner, was lower by $7.9 million when contrast to the same period in 2014 due to anticipated effects of the soft global oil market and changes in customer mix. Revenue related to gallons delivered raised by $8.4 million comparing the first quarter of 2015 to the first quarter of 2014.

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, in addition to liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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