Pre-Market News Buzz on: Invesco Mortgage Capital (NYSE:IVR), Newcastle Investment(NYSE:NCT), Starz(NASDAQ:STRZA), EarthLink Holdings.(NASDAQ:ELNK)

On Monday, Invesco Mortgage Capital Inc (NYSE:IVR)’s shares declined -0.58% to $13.83.

Invesco Mortgage Capital Inc. (IVR) stated that its formerly issued merged financial statements as of and for the years ended December 31, 2013 and 2014 and the interim merged financial statements as of and for the quarter ended March 31, 2013 and all subsequent quarters through the quarter ended March 31, 2015, need to be restated and should no longer be relied upon. The restatements are due to an error in the GAAP accounting treatment for certain of the company’s assets – specifically, credit risk transfer securities issued by government-sponsored enterprises (GSE CRTs) and interest-only strips of residential mortgage-backed securities that are guaranteed by a U.S. government agency (Agency MBS IOs).

The company does not believe that the restatements will impact the company’s formerly stated book value, economic return, operating expenses, leverage ratios, taxable income or comprehensive income (loss) attributable to common stockholders. Likewise, the restatements are not predictable to impact the company’s business strategy or its qualification as a REIT.

Invesco Mortgage Capital Inc., a real estate investment trust, focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities for which a U.S. government agency guarantees payments of principal and interest on the securities; residential mortgage-backed securities that are not issued or guaranteed by a U.S. government agency; commercial mortgage-backed securities; residential and commercial mortgage loans; and other real estate-related financing arrangements.

Newcastle Investment Corp. (NYSE:NCT)’s shares gained 4.13% to $4.79.

Newcastle Investment Corp. (NCT) stated the following information for the quarter ended June 30, 2015.

SECOND QUARTER FINANCIAL HIGHLIGHTS

• Core Earnings of $12 million, or $0.17 per WA basic share
• Adjusted Funds from Operations (“AFFO”) of $27 million, or $0.40 per WA basic share
• GAAP Income of $17 million, or $0.26 per WA basic share
  - Depreciation and amortization of $10 million, or $0.14 per WA basic share*

SECOND QUARTER & SUBSEQUENT HIGHLIGHTS

• Real Estate Debt Portfolio– As of June 30, 2015, the Real Estate Debt Portfolio compriseed of $373 million of non-agency assets and $202 million of agency securities. During the quarter, the Company:
  • Sold $203 million of non-agency assets at an average price of 96% of par and $7 million of real estate properties, and received $32 million of pay downs, which generated $73 million of proceeds to NCT and $30 million of gain on sale
  • Collapsed CDOs VIII and IX: Fully repaid $159 million of third party debt and retained $245 million of assets

Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in and manages real estate related and other investments, counting senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities.

At the end of Monday’s trade, Starz (NASDAQ:STRZA)‘s shares dipped -0.37% to $37.20.

Starz ( STRZA) stated second quarter 2015 results. Highlights comprise⁽¹⁾:

Financial Highlights:

• Stated merged revenue of $417.7 million; Adjusted OIBDA⁽²⁾of $123.4 million; operating income of $110.5 million and fully diluted earnings per share of $0.59.
• Starz Netoperates stated revenue of $333.3 million up 2%; Adjusted OIBDA of $122.2 million and operating income of $110.9 million were both compriseent with preceding year results.

Operating Highlights:

• Raised STARZ subscriptions by 1.5 million to 23.5 million since June 30, 2014.
• STARZ Originals 2015 slate performing well; pipeline fortified.
  • “Power” returned for second season to record viewership performance^(3).
    • Most successful season premiere ever for a STARZ Original series.
    • Weekly top 3 scripted series on cable for African-Americans.
    • Season two average multiplatform viewership presently most-ever watched for a
      STARZ Original series at 6.4 million viewers/episode.
    • Renewed for season 3.

Starz, through its auxiliaries, operates as a media and entertainment company. It operates through Starz Networks, Starz Distribution, and Starz Animation segments. The Starz Networks segment provides premium subscription video programming to U.S. multichannel video programming distributors (MVPDs), counting cable operators, satellite television providers, and telecommunications companies. Its networks comprise Starz and Encore, which air film content, in addition to original series and specials without advertisements; and MoviePlex that offers various art house, independent films, and classic movie library content.

EarthLink Holdings Corp. (NASDAQ:ELNK), ended its Monday’s trading session with 1.75% gain, and closed at $8.70.

EarthLink Holdings Corp. ( ELNK), a leading managed network, security and cloud solutions provider for multi-location businesses, declared that its Board of Directors has declared a quarterly cash dividend on its common stock in the amount of $0.05 per share to be paid on October 2, 2015 to shareholders of record as of September 18, 2015.

EarthLink Holdings Corp., together with its auxiliaries, provides managed network, security, and cloud services to business and residential customers in the United States. The company operates in two segments, Business Services and Consumer Services. The Business services segment provides data services, counting multiprotocol label switching services, Wi-Fi, and high-speed Internet access; voice services, such as local and long-distance services over traditional copper lines, hosted voice, SIP trunking, and integrated voice and data solutions; managed services comprising managed network, security, infrastructure, and cloud services; and professional services to evaluate the performance and security of network.

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