During Tuesday’s Morning trade, Shares of Fitbit Inc. (NYSE:FIT), gained 0.59% to $49.25.
Fitbit extended gains for a fourth day, pushing the stock up 18% in the last month. The wearable fitness-tracking devices maker is slated to report quarterly earnings on Wednesday. Analysts surveyed by FactSet forecast Fitbit to earn 9 cents a share in the second quarter.
Fitbit Inc. provides wearable fitness-tracking devices worldwide. The company makes both wrist bands and clippable devices that monitor a user’s fitness activity by tracking the calories burned or distance covered.
Shares of Energy Transfer Equity, L.P. (NYSE:ETE), inclined 0.46% to $29.52, during its current trading session.
Energy Transfer Equity declared a $0.04 enhance in its quarterly cash distribution to $0.53 per ETE common unit on a pre-split basis ($0.02 per ETE common unit to $0.265 on a post-split basis) for the second quarter ended June 30, 2015. Annualized, the enhance equates to $2.12 per ETE common unit on a pre-split basis and $1.06 per ETE Common unit on a post-split basis.
ETE formerly declared a two-for-one split (“Unit Split”) of the Partnership’s common units that is planned to be accomplished tomorrow. As a result of the Unit Split, the number of outstanding ETE common units will double. Therefore, the enhance in the quarterly distribution will be $0.02 to $0.265 per ETE common unit on a post-split basis. Since the record date for distributions is after the completion of the Unit Split, ETE unitholders will be paid the quarterly distribution on a post-split basis.
The pre-split quarterly distribution of $0.53 per ETE common unit represents an enhance of more than 39% on an annualized basis contrast to the second quarter of 2014 and an enhance of $0.16 per ETE common unit, or 8.2%, contrast to the first quarter of 2015. Adjusting for the Unit Split, this marks the eleventh successive quarter that ETE has raised its distribution. The cash distribution will be paid on August 19, 2015, to unitholders of record as of the close of business on August 6, 2015.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
Finally, SouFun Holdings Ltd. (NYSE:SFUN), gained 6.53%, and is now trading at $6.85.
SouFun Holdings Limited will report its unaudited second quarter 2015 financial results before the U.S. market opens on Friday, August 7, 2015.
SouFun’s administration team will host a conference call on the same day at 8:00 AM U.S. EDT (8:00 PM Beijing/Hong Kong time).
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
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