During Wednesday’s Current trade, Shares of Kosmos Energy Ltd(NYSE:KOS), gain 1.22% to $7.45.
Kosmos Energy (KOS) declared recently financial and operating results for the second quarter of 2015, which comprised of a net loss of $75.2 million, or $0.20 per diluted share, as contrast to net income of $56.5 million, or $0.15 per diluted share in the same quarter last year. When adjusted for certain items that impact the comparability of results, counting non-cash changes in the fair value of derivative instruments, cash settlements on commodity derivatives, gain on sale of assets, and other similar non-cash and non-recurring charges, the Company generated an adjusted net loss(1) of $1.3 million or $0.00 per diluted share for the second quarter of 2015.
Highlights for the quarter ended June 30, 2015, comprise:
- Made a significant, basin-opening gas discovery offshore Mauritania.
- Sold 1.9 million barrels of oil, net to Kosmos.
- Accomplished about 65 percent of the development of the TEN project.
- Improved liquidity through add-on offering of senior notes, and refinancing of our corporate revolving credit facility.
Kosmos Energy Ltd. explores for and produces oil and gas in Africa, Europe, and South America. Its asset portfolio comprises production and other development projects in offshore Ghana, in addition to exploration licenses with hydrocarbon potential in offshore Ireland, Mauritania, Morocco, Senegal, and Suriname. The company was founded in 2003 and is based in Hamilton, Bermuda.
Shares of American Equity Investment Life Holding(NYSE:AEL), declined -2.84% to $27.39, during its current trading session.
American Equity Investment Life Holding Company (AEL) declared that it has commenced an underwritten public offering of 8,600,000 shares of common stock, of which 4,300,000 will be subject to the forward sale agreement. In conjunction with this offering, the underwriters will be granted a 30-day option to purchase up to 1,290,000 additional shares of common stock.
In connection with the offering of its common stock, the Company anticipates to enter into a forward sale agreement (and, to the extent that the underwriters exercise their option to purchase additional shares, the Company will enter into an additional forward sale agreement) with an associate of RBC Capital Markets, LLC (the “Forward Counterparty”), under which the Forward Counterparty or its associate is predictable to, subject to the satisfaction of certain conditions, borrow from third parties and sell to the underwriters 4,300,000 shares of the Company’s common stock
American Equity Investment Life Holding Company, through its auxiliaries, develops and sells fixed index and fixed rate annuity products in 50 states and the District of Columbia. It issues fixed index annuities and fixed rate annuities, in addition to single premium immediate annuities.
Apollo Education Group Inc(NASDAQ:APOL), during its Wednesday’s current trading session decreased -1.85% to $12.17.
Apollo Education Group, Inc. (APOL) stated financial results for the three and nine months ended May 31, 2015, with third quarter revenue of $681.5 million and diluted earnings per share of $0.44, or $0.53 not taking into account special items.
Third Quarter 2015 Results of Operations
Apollo Education Group (the “Company”) stated net revenue for the third quarter 2015 of $681.5 million, contrast to $793.6 million for the third quarter 2014. Third quarter 2015 University of Phoenix New Degreed Enrollment was 29,400 and Degreed Enrollment was 206,900, contrast to New Degreed Enrollment of 33,900 and Degreed Enrollment of 241,900 for the prior year third quarter. Operating income for the third quarter 2015 was $90.7 million, contrast to $116.3 million for the third quarter 2014. Income from ongoing operations attributable to Apollo Education Group for the third quarter 2015 was $48.1 million, or $0.44 per share, contrast to $68.1 million, or $0.61 per share for the prior year third quarter.
Not taking into account special items, operating income was $101.6 million for the third quarter 2015, contrast to $140.3 million for the third quarter 2014, and income from ongoing operations attributable to Apollo Education Group for the third quarter 2015 was $57.5 million, or $0.53 per share, contrast to $86.9 million, or $0.78 per share, for the third quarter 2014. Adjusted Operating Income was $132.2 million for the third quarter 2015 contrast to $178.1 million for the third quarter 2014. (Special items and Adjusted Operating Income for the respective periods are comprised of in the reconciliation of GAAP to non-GAAP financial information tables of this press release.)
Apollo Education Group, Inc. provides private education services. It offers online and on-campus undergraduate, graduate, professional development, and other non-degree educational programs and services primarily to working learners in the United States and internationally. The company operates in University of Phoenix, Apollo Global, and Other segments. It offers various degree programs in advanced studies, business, criminal justice and security, education, health sciences and nursing, humanities and sciences, information systems and technology, and social sciences.
Finally, Ambac Financial Group, Inc. (NASDAQ:AMBC), decreased -0.82%, to $17.01.
Ambac Financial Group, Inc. (AMBC) a holding company whose auxiliaries, counting Ambac Assurance Corporation (“Ambac Assurance”), provide financial guarantees and other financial services, recently stated results for the three months ended June 30, 2015.
Warrant Repurchase Program
On June 30, 2015, the Board of Directors authorized the establishment of a warrant repurchase program that permits the repurchase of up to $10 million of warrants. As of August 7, 2015, Ambac has repurchased 538,678 warrants for a total of $4.7 million. As of June 30, 2015 and August 7, 2015, Ambac had 5,039,479 and 4,500,459 warrants outstanding, respectively, with an exercise price of $16.67 per share and expiration date of April 30, 2023.
Ambac Financial Group, Inc. does not have noteworthyoperations. The company intends on exploring new business opportunities. Formerly, it offered financial guarantee insurance policies and credit derivative contracts; and financial and investment products, counting investment agreements, funding conduits, and interest rate swaps principally to the clients of its financial guarantee business. The company was founded in 1971 and is headquartered in New York, New York.
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