On Thursday, Verisign, Inc. (NASDAQ:VRSN)’s shares declined -2.03% to $69.15.
VeriSign, Inc. (VRSN), declared that the upside trigger on its 3.25% junior subordinated convertible debentures due 2037 (CUSIP Nos. 92343EAD4 and 92343EAC6) (the “Notes”) has been met for the six-month interest payment period from Aug. 15, 2015, to Feb. 14, 2016. As a result, contingent interest will be paid on the Notes for that six-month interest payment period. Contingent interest of about $6.5 million on the $1.25 billion outstanding principal amount of the Notes, or about $5.2356 per $1,000 principal amount of the Notes, will be paid on Feb. 15, 2016, to the holders of record as of Feb. 1, 2016.
VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, in addition to the back-end systems for .gov, .jobs, .edu domain names, and others. Its registry services allow individuals and organizations to establish their online identities.
E-House (China) Holdings Limited (ADR) (NYSE:EJ)’s shares dropped -2.36% to $6.21.
E-House Holdings Limited (EJ), a leading real estate services company in China, recently declared that the independent special committee of the Company’s Board of Directors (the “Independent Committee”), formed to consider a non-binding “going-private” proposal by Mr. Xin Zhou, co-chairman of the Board and chief executive officer of E-House, and Mr. Neil Nanpeng Shen, a member of the Board, was informed that SINA Corporation (“SINA”) (SINA), an existing shareholder of the Company, had joined the buyer group by entering into a consortium agreement with Mr. Zhou and Mr. Shen (together with SINA, the “Consortium Members”), following which they have agreed to, among other things, form a consortium to work exclusively with one another to undertake the “going-private” transaction to acquire all the outstanding shares of the Company other than the shares owned by the Consortium Members or their associates (the “Transaction”).
The Consortium Members and their respective associates presently own, in the aggregate, about 48% of the Company’s total issued and outstanding shares.
E-House was also informed that SINA has agreed to exchange all the E-House shares held by SINA at the closing of the Transaction (the “Closing”) for a portion of the ordinary shares of Leju Holdings Limited (“Leju”) held by E-House at the Closing, based on an exchange ratio determined in accordance with a mutually agreed formula. Leju is a majority owned partner of E-House and is listed on the New York Stock Exchange.
E-House (China) Holdings Limited, through its auxiliaries, operates as a real estate services company in the People’s Republic of China. It operates through Real Estate Online Services; Real Estate Brokerage Services; Real Estate Information and Consulting Services; Community Value-Added Services; and Other Services segments. The company offers real estate e-commerce services, online property listing services and free services, and listing services; and advertising primarily on the SINA and Baidu new residential properties and home furnishing Websites.
At the end of Thursday’s trade, Sequenom, Inc. (NASDAQ:SQNM)‘s shares dipped -3.69% to $2.09.
Sequenom, Inc. (SQNM), a life sciences company committed to enabling healthier lives through the development of innovative products and services, stated total revenues of $32.8 million for the second quarter of 2015, a decrease of 18% contrast to revenues of $39.8 million for the second quarter of 2014. Revenues for the second quarter of 2014 comprised of about $6.1 million of incremental “catch-up” payments from payors for services performed in preceding periods, in addition to the incremental change for the conversion from cash to accrual accounting for certain payors. No noteworthy catch-up collections were received in the second quarter of 2015, as the timeliness of collections has improved with additional payor contracts. Sequenom now has coverage for 172 million commercial lives and 40 million lives under Medicaid programs. The second quarter of 2015 had lower diagnostic services revenues contrast to the second quarter of 2014 by about $3 million, associated with the conversion of a referring laboratory partner to a patent pool licensee.
License revenues raised to $1.9 million for the second quarter of 2015, contrast to $0.4 million for the second quarter of 2014, reflecting the enhance in test fees under the Pooled Patents Agreement that was signed in December 2014.
Cash burn for the second quarter of 2015 was $2.9 million, contrast to $4.1 million in the same period of 2014. The second quarter 2015 cash burn excludes payment of costs related to the convertible debt exchange of $1.6 million. The loss from ongoing operations before income taxes reduced by 41% to $9.0 million for the second quarter of 2015 as contrast to $15.3 million for the second quarter of 2014.
Sequenom, Inc., a life sciences company, develops and commercializes molecular diagnostics testing services for the women’s health and oncology markets in the United States and internationally. The company provides molecular based laboratory developed tests (LDTs) comprising MaterniT21 PLUS LDT, a noninvasive prenatal test (NIPT) to detect fetal chromosomal abnormalities; HerediT CF LDT, a carrier screen test to identify individuals with cystic fibrosis or genetic mutations; SensiGene fetal Rhesus D (RhD) LDT, a NIPT to determine the presence or absence of RhD factor by direct detection of the fetal RhD genotype in RhD negative mothers from a maternal blood sample; and VisibiliT LDT, a NIPT to detect fetal chromosomal abnormalities by determining the relative amount of chromosomal material present in circulating cell-free DNA in a maternal blood sample.
Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI), ended its Thursday’s trading session with -3.62% loss, and closed at $55.40.
Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) stated results for its fiscal second quarter of 2015, which ended July 12, 2015. The Company also declared raised same-store sales and earnings guidance for fiscal 2015.
Second Quarter Highlights:
We accomplished the following results in the second quarter 2015, principally as a result of continued disciplined execution against our business strategies:
- Stated net income was $10.3 million, or $0.44 per diluted share, contrast to $8.3 million, or $0.35 per diluted share in the second quarter 2014. Adjusted earnings per diluted share were $0.44, contrast to $0.39 in 2014, representing an enhance of 12.8%.
- Global same-store sales raised 7.5% in 2015 contrast to a 3.6% enhance in 2014 for a two-year compounded growth rate of 11.4%. This positive sales growth reflects Popeyes’ continued menu innovation, supported by expanded compelling advertising and strengthened restaurant execution.
Popeyes Louisiana Kitchen, Inc. develops, operates, and franchises quick-service restaurants. The company operates in two segments, Franchise Operations and Company-Operated Restaurants. As of April 19, 2015, it operated and franchised 2,420 Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen restaurants in the United States, Puerto Rico, Guam, the Cayman Islands, and 27 countries internationally. The company was formerly known as AFC Enterprises, Inc. and changed its name to Popeyes Louisiana Kitchen, Inc. in January 2014. Popeyes Louisiana Kitchen, Inc. was founded in 1972 and is headquartered in Atlanta, Georgia.
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