On Wednesday, NorthStar Asset Administration Group Inc (NYSE:NSAM)’s shares declined -1.59% to $18.62.
NorthStar Asset Administration Group Inc. (NSAM) declared its results for the second quarter ended June 30, 2015.
Second Quarter 2015 Results
NSAM stated CAD for the second quarter 2015 of $57.5 million, or $0.29 per share. Net income to common stockholders for the second quarter 2015 was $38.0 million, or $0.19 per diluted share.
For more information and a reconciliation of CAD to net income (loss) to common stockholders, please refer to the tables on the following pages.
Northstar Asset Administration Group Inc. provides asset administration and other services in the United States and internationally. It also offers securitization transaction services. The company is based in New York, New York. Northstar Asset Administration Group Inc. (NYSE:NSAM) operates independently of NorthStar Realty Finance Corp. as of June 30, 2014.
Sinclair Broadcast Group Inc (NASDAQ:SBGI)’s shares gained 0.03% to $28.96.
Sinclair Broadcast Group Inc. (SBGI) declare that its Washington, D.C. news station, WJLA, and its cable news network, News Channel 8, received 13 regional Emmy Awards this year, more than the station has won in the last ten years. The Emmy® Award is the premier television production award presented in the areas of entertainment, news, documentary, and sports programming.
WJLA won awards for best newscast for Daytime, Evening, and Weekend coverage. More importantly, the WJLA news staff was honored with the prestigious ‘Overall Excellence’ Award for their superb reporting and dedication in the newsroom.
Sinclair Broadcast Group, Inc., a diversified television broadcasting company, owns and operates, programs, or provides sales services to television stations in the United States. It broadcasts free over-the-air programming, such as network offered programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs, and other locally produced programs.
At the end of Wednesday’s trade, Principal Financial Group Inc (NYSE:PFG)‘s shares dipped -0.92% to $57.15.
Principal Financial Group, Inc. (PFG) recently declared results for second quarter 2015.
- Operating earnings raised to $323.9 million for second quarter 2015, contrast to $323.1 million for second quarter 2014. After adjusting for normalizing items and foreign exchange rates, operating earnings raised 10 percent over second quarter 2014. Operating earnings per diluted share (EPS) raised 1 percent to $1.09 for second quarter 2015, contrast to $1.08 for second quarter 2014.
- Net incomeaccessible to common stockholders for second quarter 2015 reduced to $241.1 million, or 81 cents per diluted share, contrast to $306.3 million, or $1.03 per diluted share for second quarter 2014.
- Operating revenuesraised 34 percent in second quarter 2015 to $3,406.8 million from higher sales and fee income, contrast to $2,542.6 million for second quarter 2014.
- Fee income3raised 6 percent to $908.5 million for the second quarter 2015, contrast to $855.3 million for second quarter 2014.
Principal Financial Group, Inc. provides retirement, asset administration, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Investor Services segment provides a portfolio of asset accumulation products and services for retirement savings and investment to businesses, institutional clients, and employees of business and other individuals.
Copa Holdings, S.A. (NYSE:CPA), ended its Wednesday’s trading session with -4.44% loss, and closed at $57.28.
Copa Holdings, S.A. (CPA), declared financial results for the second quarter of 2015 (2Q15). The terms “Copa Holdings” or “the Company” refer to the merged entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information comprised of in financial tables section of this earnings release. Unless otherwise stated, all comparisons with preceding periods refer to the second quarter of 2014 (2Q14).
OPERATING AND FINANCIAL HIGHLIGHTS
- Copa Holdings stated net income of US$64.1 million for 2Q15, or diluted earnings per share (EPS) of US$1.46. Not taking into account special items, Copa Holdings would have stated an adjusted net income of $41.0 million, or $0.93 per share, a 64.7% decrease over adjusted net income of US$115.9 million and US$2.61 per share for 2Q14.
- Operating income for 2Q15 came in at US$49.2 million, a 62.5% decrease over operating income of US$131.2 million in 2Q14. Operating margin for the period came in at 9.1%, contrast to 19.5% in 2Q14, as a result of lower unit revenues partially offset by lower unit costs.
- Total revenues reduced 20.1% to US$538.4 million. Yield per passenger mile reduced 20.4% to 13.2 cents and operating revenue per accessible seat mile (RASM) reduced 24.4% to 10.0 cents.
- For 2Q15, passenger traffic (RPMs) reduced 0.2% on a 5.8% capacity expansion. As a result, merged load factor came in at 72.9%, or 4.3 percentage points below 2Q14.
- Operating cost per accessible seat mile (CASM) reduced 14.7%, from 10.7 cents in 2Q14 to 9.1 cents in 2Q15, mainly due to lower jet fuel costs. CASM not taking into account fuel reduced 6.3% to 6.2 cents mainly due to lower sales related expenses and lower overhead expenses.
Copa Holdings, S.A. provides airline passenger and cargo services in Latin America. It offers services within Colombia; and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, México, Cuba, Guatemala, and Costa Rica. The company offers about 355 daily planned flights among 69 destinations in 30 countries in North, Central, and South America, in addition to the Caribbean from its Panama City hub.
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