During Tuesday’s Current trade, Shares of Rent-A-Center Inc (NASDAQ:RCII), lost -0.23% to $26.28.
Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS: RCII) declared results for the quarter ended June 30, 2015.
Highlights on the quarter comprise the following:
- On a GAAP basis, earnings per diluted share raised to $0.43 in the second quarter contrast to $0.33 for the second quarter of the preceding year, up 10 cents or 30.3 percent
- Earnings per diluted share, not taking into account special items, raised to $0.50 contrast to $0.38 for the second quarter of the preceding year, up 12 cents or 31.6 percent (see non-GAAP reconciliation below)
- Merged total revenues raised 6.1 percent to $815.3 million and same store sales raised 7.5 percent over the preceding year
- Core U.S. same store sales raised by 1.4 percent, representing an improvement of 610 basis points contrast to preceding year. Since the first quarter of 2014, the two-year same store sales comp has improved by 1,150 basis points. The improvement is primarily due to the new smartphone product category and higher merchandise sales.
- Acceptance Now same store sales raised 31.6 percent, representing an improvement of 650 basis points contrast to preceding year, driven by the continued maturation of the business and the introduction of 90 day option pricing. During the quarter, 48 Acceptance Now staffed locations and 10 direct locations were opened, 20 staffed locations were closed, and one staffed location was converted to a direct location.
Rent-A-Center, Inc., together with its auxiliaries, leases household durable goods to customers on a rent-to-own basis. The company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics, appliances, computers, furniture, and accessories under rental purchase agreements.
Shares of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL), declined -1.39% to $1.77, during its current trading session.
Gol Linhas Aereas Inteligentes SA (ADR) (GOL) the largest low-cost and best-fare airline in Latin America, hereby declares to its shareholders and the market in general the launch of internet onboard via satellite and an entertainment platform, the most complete of Latin America.
GOL will become the first Brazilian, South and Central America airline to offer onboard wi-fi internet access during the flight period. The platform will also comprise TV channels, program streaming with movies, cartoons, series and games, pay-per-view content, music, and a flight map. All online and off-line content can be easily accessed through mobile devices, such as the passenger’s cell phone, tablet or notebook.
GOL partnered with Gogo - the leader company in onboard connectivity and entertainment in the global aero market, to launch the connectivity and entertainment platform. As part of the agreement, Gogo will equip GOL’s entire fleet with an antenna, providing 2Ku next generation satellite communication technology, in addition to IPTV, the most up-to-date TV signal transmission system and streaming system for movies and others.
Gol Linhas Aéreas Inteligentes S.A. provides regular and non-regular air transportation services for passengers, cargoes, and mailbags in Brazil and internationally. The company operates in two segments, Flight Transportation and Smiles Loyalty Program. As of December 31, 2014, it operated a fleet of 144 aircraft, which comprised of 96 aircraft under operating leases, 45 aircraft under finance leases, and 3 aircraft owned by the company. It also develops and manages its own or third party’s customer loyalty program, in addition to sells redemption rights of awards related to the loyalty program.
Whirlpool Corporation (NYSE:WHR), during its Tuesday’s current trading session gained 1.78% to $174.90.
Whirlpool Corporation (WHR) declared second-quarter GAAP net earnings of $177 million, or $2.21 per diluted share, contrast to $179 million, or $2.25 per diluted share, stated for the same preceding-year period. Ongoing business earnings per diluted share(1) totaled a second quarter record $2.70, contrast to $2.62 in the same preceding-year period. The benefit of cost and capacity-reduction initiatives, favorable price/mix and benefits from the acquisition integration activities offset unfavorable currency and a weakened demand environment in Brazil.
Net sales in the quarter were a second-quarter record $5.2 billion contrast to $4.7 billion during the same preceding-year period, an enhance of over 11 percent. Not taking into account the impact of foreign currency, sales raised over 25 percent, primarily driven by the acquisitions.
Whirlpool Corporation manufactures and markets home appliances and related products worldwide. The company’s principal products comprise laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other portable household appliances. I
Finally, AutoNation, Inc. (NYSE:AN), gained 0.47%, to $59.55.
AutoNation, Inc. (AN), America’s largest automotive retailer, stated 2015 second quarter net income from ongoing operations of $115 million, a record for second quarter results, or $1.00 per share, contrast to net income from ongoing operations of $101 million, or $0.83 per share, for the same period in the preceding year, a 20% improvement on a per-share basis.
Second quarter 2015 revenue totaled $5.2 billion, contrast to $4.8 billion in the year-ago period, an enhance of 9%, driven by stronger performance in all business sectors - new vehicles, used vehicles, parts and service, and finance and insurance. In the second quarter of 2015, AutoNation’s retail new vehicle unit sales raised 6% overall and 4% on a same store basis, while retail used vehicle unit sales raised 9% overall and 7% on a same store basis.
AutoNation, Inc., through its auxiliaries, provides new and used automotive and spare parts retail services in the United States. The company operates in three segments: Domestic, Import, and Premium Luxury. It offers new and used vehicles; parts and services that comprise automotive repair and maintenance services, wholesale parts and collision services; and automotive finance and insurance products, which comprise vehicle services and other protection products, arranging finance for vehicle purchases through third-party finance sources.
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