On Wednesday, in the course of current trade, Shares of Verizon Communications Inc. (NYSE:VZ), gained 0.21%, and is now trading at $47.44.
CoreSite Realty Corporation (COR), a premier provider of secure, reliable, high-performance data center solutions across the U.S., declared that it has joined forces with Verizon to deploy Secure Cloud Interconnect (SCI) services at five of CoreSite’s data centers, counting locations in Los Angeles, New York/New Jersey, Chicago, Northern Virginia and Silicon Valley.
Verizon’s Secure Cloud Interconnect allows enterprises to leverage its Private IP service and securely access major cloud providers while achieving high levels of network security, reliability and performance. Benefits comprise:
- Expansive scalability with direct connections to leading cloud providers and control of services through a single portal
- Reliable and scalable performance
- Security that meets high industry standards
- Unparalleled reach from diverse locations
- Flexible control of network administration
- Usage-based billing; pay only for actual bandwidth consumed.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
During an Afternoon trade, Shares of H&R Block, Inc. (NYSE:HRB), dipped -3.75%, and is now trading at $30.76.
H&R Block, released its financial results for the fiscal year ended April 30, 2015. Revenues raised for the third successive year to $3.1 billion, or 1.8%, driven by successful implementation of the company’s pricing strategy and improved return mix in its retail locations, improved digital do-it-yourself (DIY) volume and monetization, and the impact of franchise acquisitions. This was partially offset by volume declines in its retail locations and negative impact of foreign exchange rate fluctuations. The company’s EBITDA margin of 30.8% was compriseent with preceding year. Earnings per share from ongoing operations reduced 3.3% to $1.75.
Returns prepared by and through H&R Block declined 0.1% to 24.2 million worldwide. This was primarily due to a 4.4% decrease in U.S. assisted tax returns prepared, mainly driven by the continued decline of returns containing the Earned Income Tax Credit (EITC) and, to a lesser extent, the second-year impact of the company’s decision to discontinue the free federal 1040EZ promotion. The company believes the decline in volume was also exacerbated by the impact of industry-wide fraud. H&R Block’s DIY returns, counting desktop and online, improved 8% due to product enhancements and improved consumer awareness.
“We saw positive changes in our assisted return mix, our DIY business did very well, both from a volume and a revenue perspective, and our tax professionals delivered expert ACA advice to their clients,” said Bill Cobb, H&R Block’s president and chief executive officer. “I’m happy that despite the decline in volume we delivered top line revenue growth for the third successive year and achieved strong margins.”
H&R Block, Inc., through its auxiliaries, provides tax preparation and related services to the general public primarily in the United States, Canada, and Australia.
Finally, Momo Inc. (NASDAQ:MOMO), lost -1.25% Wednesday.
Momo, declared its unaudited financial results for the first quarter, 2015.
First Quarter 2015 Highlights
- Net revenues raised 383% year over year to $26.3 million, surpassing the Company’s guidance between $24 million and $26 million.
- Net income attributable to Momo Inc. was $6.7 million, contrast to a net loss of $1.2 million for the same period last year.
- Non-GAAP net income attributable to Momo Inc. (note 1) was $9.4 million contrast to a non-GAAP net loss of $0.3 million for the same period last year.
- Diluted net income per American Depositary Share (“ADS”) was $0.03, contrast to a diluted net loss per ADS of $0.08 for the same period last year.
- Non-GAAP diluted net income per ADS (note 1) was $0.05, contrast to a non-GAAP diluted net loss per ADS of $0.06 for the same period last year.
- Monthly Active Users (“MAU”) were 78.1 million in March 2015, an enhance of 83% year over year.
Momo Inc. operates as a mobile-based social networking platform in the People’s Republic of China. The company’s platform comprises its Momo mobile application and various related features, functionalities, tools, and services that are offered to users, customers, and platform partners.
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