During Friday’s current trade, Agnico Eagle Mines Ltd (USA) (NYSE:AE)’s shares incline 0.29% to $31.29.
Agnico Eagle Mines Ltd (USA) (AE) declared first quarter 2015 unaudited net earnings of $3,097,000 or $.73 per common share on revenues of $555,573,000. This compares to first quarter 2014 unaudited net earnings of $5,363,000 or $1.27 per common share. Net cash offered by operating activities totaled $12,131,000 for the three-month period ended March 31, 2015.
Thomas S. Smith, President and Chief Executive Officer, attributed the earnings reduction to a sharp drop in crude oil prices for the comparative first quarter of 2015. In the first quarter 2014, crude oil prices were increasing and the Company recognized a $2,629,000 pre-tax inventory liquidation gain. Such item did not recur during 2015. Mr. Smith added that in contradiction to current industry trends, the Company’s crude oil marketing operation practiced a fourteen percent volume enhance relative to the 2014 period. It was noted that this trend may not continue as the Company’s suppliers curtail new well drilling activity.
Adams Resources & Energy, Inc., through its auxiliaries, engages in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The company’s Marketing segment purchases crude oil, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan and North Dakota.
AEGON N.V. (ADR) (NYSE:AEG)‘s shares drop -2.66% to $7.32, during the current trading session Friday’s, hitting its highest level.
AEGON N.V. (ADR) (AEG) has accomplished a planned asset administration partnership with La Banque Postale. Under the terms of the agreement, Aegon has attained a 25% stake in La Banque Postale Asset Administration (LBPAM) for a consideration of EUR 112.5 million. LBPAM is the fifth largest asset manager in France, with about EUR 150 billion assets under administration.
The opportunity to create a planned partnership with La Banque Postale supports Aegon’s ambition to grow and diversify its customer base and to provide fee-based, capital-light products. It also represents a noteworthystep in implementing Aegon Asset Administration’s strategy to expand its services and solutions for third-party customers internationally.
The two companies will work together to further strengthen the development of LBPAM, which will offer a comprehensive range of products - counting international equity and multi-asset investment products. These will be distributed through La Banque Postale’s network of about 17,000 points of sale, online and by its institutional sales team.
Aegon N.V. provides life insurance, pensions, and asset administration services. The company operates through the Americas, the Netherlands, the United Kingdom, and New Markets. The company offers life and protection products, such as traditional and universal life, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance.
In a mid-morning trade, Chimera Investment Corporation (NYSE:CIM)‘s shares surge 1.15% to $14.47.
Chimera Investment Corporation (CIM) declared that the Board of Directors has declared the second quarter 2015 common stock dividend and set the quarterly dividend for 2015.
2015 Dividends
The Board of Directors of Chimera recently declared the declaration of its second quarter 2015 cash dividend of $0.48 per common share. This dividend is payable July 30, 2015, to common stockholders of record on June 30, 2015. The ex-dividend date is June 26, 2015.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes comprise non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties.
LeapFrog Enterprises, Inc. (NYSE:LF), during its Friday’s current trading session -23.19% loss and closed at $1.59.
LeapFrog Enterprises, Inc. (LF) shares plummeted as much as 24 percent after the maker of children’s electronics posted a wider loss than projected, hurt by sluggish demand for tablets and other products.
Sales tumbled 40 percent to $33.9 million in the fiscal fourth quarter, which ended March 31, the Emeryville, California-based company said on Thursday. The company posted a quarterly loss of 56 cents a share, not taking into account some items. Analysts had estimated a 21-cent loss on average, according to data compiled by Bloomberg.
LeapFrog Enterprises, Inc. designs, develops, and markets technology-based learning products and related proprietary content for children worldwide. The company offers multimedia learning platform products, counting LeapPad2 Power, LeapPad Ultra, and LeapReader learning tablets for children ages three to nine with camera, and on-board content and utilities; and the Leapster family of handheld learning game systems for children ages four to nine. Its multimedia learning platform products also comprise the LeapReader reading and writing system, a stylus-based learn-to-read-and-write product, designed for children ages four to eight; and the LeapReader Junior reading system, a ready-to read system for children ages one to four. In addition, the company provides downloadable digital content titles for its platforms, covering subjects, such as phonics, reading, writing, mathematics, science, social studies, creativity, and life skills.
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