On Friday, Qihoo 360 Technology Co Ltd (NYSE:QIHU)’s shares declined -3.81% to $48.25.
360 Mobile Security Limited, a leading developer of mobile antivirus and performance applications with a core product 360 Security, recently declared the findings from its quarterly report, “Q2 2015 Malware and Vulnerability Report.” This quarter’s report reveals that of the devices that were compromised by malware in the U.S., more than half were infected by privacy-stealing malware.
From an analysis of more than 200 million Android devices, the Q2 2015 Malware and Vulnerability Report uncovered major threats among Android mobile devices and exposed large shares of privacy stealing malware and performance influenced adware.
According to data from the International Data Corporation (IDC), vendors shipped a total of 334.4 million smartphones worldwide in the first quarter of 2015 (1Q15) and Android dominated the market with a 78.0% share. With such an outstanding market share and with an open, consumer-focused nature, Android OS is becoming an easier target for malwares. Greater than 97% of mobile malware targets Android devices, whereas iOS malware takes less than 1% of the share.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, counting 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smartphone operating systems.
Penn Virginia Corporation (NYSE:PVA)’s shares dropped -3.57% to $1.08.
Penn Virginia Corporation (PVA) declared that it has engaged Jefferies LLC to provide financial advice generally and to act as its exclusive financial advisor in connection with asset-level financing transactions with investors related to the Company’s Eagle Ford assets. As part of its general advisory services, Jefferies will also assist the Company evaluate planned alternatives with respect to its Eagle Ford assets and their development and will provide the Company with other financial advice and financial planning assistance.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The company’s operations comprise the drilling of unconventional horizontal development wells in the Eagle Ford Shale in South Texas. It also has operations in the Granite Wash in Oklahoma, and the Haynesville Shale and Cotton Valley in East Texas.
At the end of Friday’s trade, Hovnanian Enterprises, Inc. (NYSE:HOV)‘s shares dipped -0.56% to $1.77.
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2015 the morning of Wednesday, September 9, 2015. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, September 9, 2015.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 201 communities in 34 markets.
United Rentals, Inc. (NYSE:URI), ended its Friday’s trading session with -2.58% loss, and closed at $66.08.
United Rentals, Inc. (URI) declared financial results for the second quarter 2015. Total revenue was $1.429 billion and rental revenue was $1.220 billion, contrast with $1.399 billion and $1.179 billion, respectively, for the same period last year. On a GAAP basis, the company stated second quarter net income of $86 million, or $0.88 per diluted share, contrast with $94 million, or $0.90 per diluted share, for the same period last year.1
Adjusted EPS2 for the quarter was $1.95 per diluted share, contrast with $1.65 per diluted share for the same period last year. Adjusted EBITDA3 was $706 million and adjusted EBITDA margin was a second quarter company record at 49.4%, an enhance of $43 million and 200 basis points, respectively, from the same period last year.
Second Quarter 2015 Highlights
- Rental revenue (which comprises owned equipment rental revenue, re-rent revenue and ancillary items) raised 3.5% year-over-year.4 Within rental revenue, owned equipment rental revenue raised 3.7%, reflecting year-over-year enhances of 2.8% in the volume of equipment on rent and 1.5% in rental rates.
- Return on invested capital was 8.9% for the 12 months ended June 30, 2015, an enhance of 0.8 percentage points from the 12 months ended June 30, 2014.
- Time utilization reduced 150 basis points year-over-year to 66.6%. Not taking into account the branches with the most exposure to upstream oil and gas, time utilization reduced 30 basis points year-over-year.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions. The company offers about 3,300 classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities, and other customers.
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