On Wednesday, SeaWorld Entertainment Inc (NYSE:SEAS)’s shares inclined 3.08% to $18.77.
SeaWorld Entertainment, Inc. (SEAS), a leading theme park and entertainment company, stated financial results for the first half and second quarter of 2015.
Overview
- Stated an attendance decline in the second quarter due to the timing of Easter, record levels of rainfall in Texas and continued brand challenges in California, partially offset by improvements in demand at the Company’s other park locations, counting Florida.
- Accomplished a debt refinancing, which, at current interest rates, should generate an average of $14.0 million in annual interest cost savings.
- Returned $54.5 million to shareholders through dividend declarations thus far in 2015.
- Reaffirmed full year 2015 Adjusted EBITDA guidance to be in the range of flat to up 3% as compared to 2014.
SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne.
Gulfport Energy Corporation (NASDAQ:GPOR)’s shares gained 3.35% to $36.37.
Gulfport Energy Corporation (GPOR) declared the commencement of an underwritten public offering of 10,000,000 shares of its common stock, subject to market and other conditions. The underwriters will have a 30-day option to purchase up to an additional 1,500,000 shares from Gulfport. Gulfport intends to use the net proceeds from this offering (i) to fund a portion of the purchase price for the acquisition declared earlier recently of certain acreage and other assets in the Utica Shale in Ohio from American Energy—Utica, LLC and (ii) for general corporate purposes, counting the funding of a portion of its 2015 capital development plans.
The common stock will be issued and sold following an effective automatic shelf registration statement on Form S-3 formerly filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. This offering may only be made by means of a prospectus supplement and related base prospectus.
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States. The company’s principal properties are located in the Utica Shale primarily in Eastern Ohio; Louisiana Gulf Coast in the West Cote Blanche Bay; and Hackberry fields. It also has interests in the Niobrara Formation of Northwestern Colorado; Bakken Formation; entities that operate in Southeast Asia, counting the Phu Horm gas field in Thailand; and Alberta oil sands located in Canada.
At the end of Wednesday’s trade, Autohome Inc (ADR) (NYSE:ATHM)‘s shares dipped -3.19% to $33.05.
Autohome Inc. (ATHM), the leading online destination for automobile consumers in China, recently declared its unaudited financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights[1]
- Net Revenues raised 69.9% year-over-year to RMB861.0 million ($138.9 million) for the second quarter of 2015, surpassing the Company’s original guidance of RMB811 million ($130.8 million) to RMB848 million ($136.8 million).
- Adjusted Net Income raised 47.9% year-over-year to RMB324.8 million ($52.4 million) for the second quarter of 2015.
- Net Cash Offered by Operating Activities was RMB194.8 million ($31.4 million) in the second quarter of 2015, an enhance of 19.5% year-over-year.
Autohome Inc. operates as an online destination for automobile consumers in the People’s Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers independent and interactive content to automobile buyers and owners, counting professionally produced content that comprises automobile-related articles and reviews, pricing trends in various markets, and photos and video clips; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, in addition to manufacturer’s suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.
Jumei International Holding Ltd(ADR) (NYSE:JMEI), ended its Wednesday’s trading session with -0.54% loss, and closed at $16.65.
International Holding Limited (JMEI) China’s leading online retailer of beauty products, recently declared that it has agreed to provide BabyTree with a convertible loan and a revolving credit facility of up to RMB1.55 billion (US$250 million). The principal of the convertible loan portion of the transaction could reach as high as RMB744 million (US$120 million) depending on the working capital needs of BabyTree and certain operating performance criteria being met. The loan will be convertible into a minority interest in BabyTree based on a pre-agreed formula. The revolving credit facility will be RMB806 million (US$130 million), and drawdown by BabyTree will also depend on the working capital needs of BabyTree and certain operating performance criteria being met.
According to BabyTree, BabyTree is the largest online parenting community in China, and is among the largest online parenting communities globally as ranked by traffic volume. Presently the DAU (daily active users) of BabyTree has surpassed 10 million. BabyTree.com, the website of the company, together with its mobile apps “BabyTree Pregnancy” and “BabyTree Footprints,” cover over 80% of pregnancy-stage parents and parents of 0-6 year-old children in China. The “BabyTree Pregnancy” app ranks number one among baby and maternity mobile apps in China.
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. It also provides apparel and other lifestyle products, counting women’s wear, footwear, lingerie, handbags and luggage, men’s wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, in addition to baby, children, and maternity products; and snacks and health supplements.
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