On Friday, Shares of Jumei International Holding Limited (NYSE:JMEI), gained 6.42% to $24.52.
Jumei International, declared that it plans to release its unaudited first quarter 2015 financial results after the close of US markets on Thursday, May 21, 2015.
Jumei’s administration team will host a conference call on Friday, May 22, 2015 at 8:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing / Hong Kong Time on the same day) to talk about the financial results.
Jumei International Holding Limited operates as an online retailer of beauty products in the People’s Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children.
Shares of Louisiana-Pacific Corp. (NYSE:LPX), inclined 1.07% to $16.96, during its last trading session.
Louisiana-Pacific Corporation, stated results for the first quarter of 2015, which comprised of the following:
- Sales for the first quarter of $472 million were higher by 6 percent contrast to the year ago quarter.
- Loss from ongoing operations was $35 million ($0.24 per diluted share).
- Non-GAAP adjusted loss from ongoing operations was $19 million ($0.13 per diluted share).
- Adjusted EBITDA from ongoing operations for the first quarter was $6 million contrast to $23 million in the first quarter of 2014.
- Cash and cash equivalents were $468 million as of March 31, 2015.
Louisiana-Pacific Corporation, together with its auxiliaries, primarily manufactures and sells building products for use in new home construction, repair and remodeling, outdoor structures, and light industrial and commercial construction.
At the end of Friday’s trade, Shares of Public Service Enterprise Group Inc. (NYSE:PEG), gained 0.24% to $42.06.
Public Service Enterprise Group, stated Net Income for the first quarter of 2015 of $586 million, or $1.15 per share as contrast to Net Income of $386 million, or $0.76 per share, in the first quarter of 2014. Operating Earnings for the first quarter of 2015 were $529 million, or $1.04 per share, contrast to Operating Earnings for the first quarter of 2014 of $515 million, or $1.01 per share.
PSEG believes that the non-GAAP financial measure of “Operating Earnings” provides a consistent and comparable measure of performance of its businesses to assist shareholders understand performance trends. Operating Earnings exclude gains or losses associated with Nuclear Decommissioning Trust (NDT), Mark-to-Market (MTM) accounting, and other material one-time items.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.
Finally, Ally Financial Inc. (NYSE:ALLY), ended its last trade with 0.98% gain, and closed at $22.77.
Ally Financial, stated net income of $576 million, and $1.06 per diluted common share, for the first quarter of 2015, contrast to net income of $177 million, and $0.23 per diluted common share, in the preceding quarter, and net income of $227 million, and $0.33 per diluted common share, for the first quarter of 2014. The company stated core pre-tax income, not taking into account repositioning items entirely related to the early extinguishment of high-cost legacy debt, of $490 million in the first quarter of 2015, contrast to $396 million in the preceding quarter and $339 million in the comparable preceding year period. The company stated core pre-tax income of $299 million for the quarter. Adjusted earnings per diluted common share for the quarter were $0.52, contrast to $0.40 for the previous quarter and $0.34 for the comparable preceding year period.
Strong operating results in the Dealer Financial Services franchise continued with pre-tax income totaling $409 million for the quarter. Auto financing originations for the quarter remained strong and grew to $9.8 billion, increasing 9 percent from the previous quarter and 7 percent year-over-year, driven by strong performance in the Growth and Chrysler channels. Not taking into account GM lease originations, consumer auto originations raised 27 percent year-over-year. Moreover, new and used originations from Growth dealers grew 54 percent contrast to the preceding year period.
Also contributing to total results was a formerly revealed after-tax gain of about $400 million in suspended operations from the accomplished sale of the Chinese joint venture in January, which was partially offset by expenses from debt repurchases, as the company continued to execute its liability administration program to reduce high-cost legacy debt. As a result of this continued effort, in addition to raised retail deposits which grew 12 percent year-over-year, Ally’s cost of funds reduced 21 basis points from the preceding year period.
Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, counting a range of financial services and insurance products to automotive dealers and retail customers.
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