On Friday, New Residential Investment Corp (NYSE:NRZ)’s shares declined -3.01% to $14.41.
New Residential Investment Corp. (NYSE:NRZ) stated the following information for the second quarter ended June 30, 2015:
SECOND QUARTER FINANCIAL HIGHLIGHTS:*
- Record Core Earnings of $0.45 per diluted share, or $92 million
- GAAP Income of $0.37 per diluted share, or $75 million
- Raised second quarter common dividend by 18% to $0.45 per share, or $90 million
Highlights for the quarter ended June 30, 2015:
- Acquisition of HLSS Assets- On April 6, 2015, New Residential attained substantially all of the assets and liabilities of Home Loan Servicing Solutions Ltd. (“HLSS”) for a total purchase price of about $1.4 billion (“HLSS Acquisition”).
- Excess Mortgage Servicing Rights (“Excess MSRs”) & Servicer Advances - New Residential purchased $156 billion UPB of seasoned, credit impaired Non-Agency Excess MSRs, and attained about $5.1 billion of servicer advances from HLSS.
- Dividend Enhance- On May 14, 2015, New Residential declared an 18 percent enhance in its regular quarterly cash dividend, from $0.38 per common share in the first quarter of 2015 to $0.45 per common share for the second quarter of 2015.
New Residential Investment Corp., a real estate investment trust (REIT), focuses on investing in and managing residential mortgage related assets. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, counting the basic fee component of the related MSRs.
Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP)’s shares dropped -2.07% to $63.27.
Ctrip.com International, Ltd. (CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel administration in China (“Ctrip” or the “Company”), recently declared its unaudited financial results for the second quarter ended June 30, 2015.
Highlights for the Second Quarter of 2015
- Net revenues were RMB2.53 billion (US$408 million) for the second quarter of 2015, up 47% year-on-year.
- Net commission earned (non-GAAP) was RMB2.49 billion for the second quarter, up 45% year-on-year. Net commission earned (non-GAAP) is calculated by deducting from the revenues the cost of transactions where the Company undertakes majority of the business risks, counting the inventory risks*. The Company accounts for discount offered to the customers as reduction to its revenues, and certain noteworthydiscount may result in selling price lower than cost.
- Accommodation reservation volume raised 55% year-on-year, and accommodation reservation revenues raised 47% year-on-year, reaching RMB1.1 billion (US$178 million) for the second quarter of 2015.
- Transportation ticketing volume raised 106% year-on-year, and transportation ticketing revenues raised 45% year-on-year, reaching RMB1.1 billion (US$170 million) for the second quarter of 2015.
- Gross margin was 71% for the second quarter of 2015, contrast to 72% in the same period in 2014, and 70% in the previous quarter.
- Net income attributable to Ctrip’s shareholders was RMB143 million (US$23 million) for the second quarter of 2015, contrast to RMB135 million (US$22 million) in the same period in 2014. Not taking into account share-based compensation charges (non-GAAP), net income attributable to Ctrip’s shareholders was RMB296 million (US$48 million), contrast to RMB246 million (US$40 million) in the same period in 2014.
- Diluted earnings per ADS were RMB0.90 (US$0.15) for the second quarter of 2015. Not taking into account share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB1.86 (US$0.30) for the second quarter of 2015.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, counting group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving.
At the end of Friday’s trade, Ocwen Financial Corp (NYSE:OCN)‘s shares dipped -1.14% to $6.95.
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.
Wendys Co(NASDAQ:WEN), ended its Friday’s trading session with -1.13% loss, and closed at $9.15.
The Wendy’s Company (WEN) declared the declaration of its regular quarterly cash dividend of $0.055 per share, payable on September 15, 2015, to shareholders of record as of September 1, 2015.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide. The company was formerly known as Wendy’s/Arby’s Group, Inc. and changed its name to The Wendy’s Company in July 2011.
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