During Thursday’s Current trade, Shares of Fidelity National Information Services(NYSE:FIS), gain 0.97% to $68.50.
FIS™ (FIS), a global leader in banking and payments technology in addition to consulting and outsourcing solutions, declared the launch of India’s first financial inclusion lab in Bengaluru. The lab is aimed at developing innovative ways to extend banking access to India’s millions of underbanked citizens.
The lab is the first of its kind in India and the seventh FIS lab focused on innovation. It is designed to provide a working, collaborative environment for FIS to cooperate with business leaders, government organizations and NGOs across the country to create and test solutions that will assist enhance financial literacy for the majority of India’s unbanked population. The lab’s interactive data tools also will assist identify roadblocks to greater financial inclusion. For example, one of the lab’s first projects is the development of kiosk-based applications that can be deployed throughout the country to assist promote financial literacy with students.
Fidelity National Information Services, Inc. provides banking and payments technology, consulting, and outsourcing solutions worldwide. Its Financial Solutions Group segment offers core processing software applications to run banking processes; retail banking delivery applications that enable financial institutions to integrate and streamline customer-facing operations and back-office processes; fraud, risk administration, and compliance solutions; syndicated loan applications that support wholesale and commercial banking operations; and onshore and offshore commercial services, such as consulting engagements, application development projects, operations support, and infrastructure administration, in addition to integrated consulting and advisory, technology, and IT transformation services.
Shares of Energy Focus Inc (NASDAQ:EFOI), inclined 0.04% to $24.79, during its current trading session.
Energy Focus Inc (NASDAQ:EFOI) declared financial results for the second quarter ended June 30, 2015.
Financial Highlights:
- Record net sales of $16.6 million represents 148.1 percent in year-over-year growth and 26.4 percent sequential growth from the first quarter of 2015.
- Gross margin of 45.9 percent represents 13.4 percentage points of improvement year-over-year, and is 4.8 percentage points higher than the first quarter of 2015.
- Operating income of $3.1 million represents a $3.6 million year-over-year enhance from an operating loss of $562 thousand in the second quarter of 2014, and a $1.8 million enhance from the first quarter of 2015.
- Net income of $2.1 million, or $0.21 per share, represents a $2.7 million year-over-year enhance from the preceding year’s second quarter loss, and a $1.0 million enhance from the first quarter of 2015.
Energy Focus, Inc. designs, develops, manufactures, markets, and installs energy-efficient lighting systems and solutions in the United States and internationally. It operates in two segments, Products and Solutions. The company offers commercial, industrial, government, and military and maritime energy-efficient light-emitting diode (LED) lighting offerings, counting LED luminares and fixtures to serve the United States Navy; tubular LED replacements for linear fluorescent lamps; LED luminares and fixtures; LED docklights; tubular LED parking garage luminares and fixtures; LED cold storage globe luminares; and LED retrofit kits for high-intensity discharge applications.
Rayonier Advanced Materials Inc (NYSE:RYAM), during its Thursday’s current trading session gained 7.45% to $6.49.
Rayonier Advanced Materials Inc. (RYAM) stated a net loss for the second quarter 2015 of $(0.3) million, or $(0.01) per share, contrast to net income of $5 million, or $0.11 per share for the same period in 2014.
Pro forma net income for the second quarter 2015 was $16 million, or $0.39 per share contrast to $25 million or $0.59 per share for the preceding year period. Year-to-date pro forma net income was $26 million, or $0.64 per share, contrast to $58 million, or $1.37 per share, for the preceding year period. Pro forma adjustments for the quarter and year-to-date periods exclude one-time separation and legal costs. The 2015 periods also exclude a $28 million pre-tax asset impairment charge and a $1 million pre-tax insurance recovery. The impairment charge relates to the planned asset realignment of the Jesup, Georgia plant declared separately this morning.
Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Japan, Canada, Europe, Latin America, and other Asian countries. Its products comprise cellulose specialties, such as cellulose acetate and cellulose ethers, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
Finally, Ocwen Financial Corp (NYSE:OCN), gained 1.98%, to $7.72.
Ocwen Financial Corporation (OCN), a leading financial services holding company, invites borrowers who need mortgage assistance to attend one of several forthcoming housing events to explore possible mortgage solutions that could assist them stay in their homes. This effort is part of Ocwen’s continued outreach, in partnership with community leaders and nonprofit housing organizations, to bring real solutions to struggling homeowners in the United States.
Ocwen Home Retention Agents will be present at all the forthcoming events to offer homeowners free, face-to-face, individualized advice on finding the right mortgage solutions. Ocwen borrowers will also have the opportunity to meet one-on-one with United States Department of Housing and Urban Development (HUD) approved financial counselors to talk about their unique situations.
Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio comprises conventional, government insured, and non-agency loans.
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