On Friday, Media General Inc (NYSE:MEG)’s shares declined -1.25% to $16.65, on April 6, Media General Inc (MEG), declared that veteran sales leader Julio Marenghi has been designated Chief Proceed Officer - Broadcast Operations.
Mr. Marenghi is an accomplished broadcast and cable executive with more than 30 years of experience managing large-scale sales organizations, developing and executing proceed growth strategies and expanding market share for some of the nation’s largest broadcast groups.
“Julio is highly regarded throughout the industry as being a dynamic sales leader with a very keen and progressive view of the ever-evolving advertising landscape,” said Vincent L. Sadusky, President & Chief Executive Officer of Media General. “His proven track record of driving profitability and creating new and innovative proceed-generating opportunities will be a tremendous asset to the new Media General as we focus on solidifying our industry-leading position.”
Media General, Inc. owns and operates television stations in the United States. It operates 71 network-associated stations, and their associated digital media and mobile platforms, counting 22 CBS stations, 14 NBC stations, 12 ABC stations, 8 FOX stations, 7 MyNetworkTV stations, 7 CW stations, and 1 Telemundo station in 48 markets. Media General, Inc. was founded in 1850 and is headquartered in Richmond, Virginia.
Century Aluminum Co (NASDAQ:CENX)’s shares dropped -1.24% to $13.48, during the last trading session on Friday, soon after Century Aluminum Co (CENX), will report first quarter 2015 earnings on Thursday, April 30th after the close of market trading. The news release will be issued through Marketwired.
The company will hold a follow-up conference call on Thursday, April 30th at 5:00 p.m. Eastern time.
Century Aluminum Corporation, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The corporation was founded in 1981 and is headquartered in Chicago, Illinois.
At the end of Friday’s trade, CarMax, Inc (NYSE:KMX)‘s shares dipped -1.24% to $73.19, after CarMax, Inc (KMX), stated record results for the fourth quarter and fiscal year ended February 28, 2015.
- Net sales and operating proceeds raised 14.2% to $3.51 billion in the fourth quarter. For the fiscal year, net sales and operating proceeds raised 13.5% to $14.27 billion.
- Used unit sales in comparable stores raised 7.0% in the fourth quarter and 4.4% in the fiscal year.
- Total used unit sales rose 12.4% in the fourth quarter and 10.5% in the fiscal year.
- Our data indicates that in our markets, we raised our share of the 0-10 year old used car market by about 5% in calendar year 2014.
- Total wholesale unit sales raised 12.3% in the fourth quarter and 9.8% in the fiscal year.
- CarMax Auto Finance (CAF) revenue raised 11.8% to $90.4 million in the fourth quarter. For the fiscal year, CAF revenue rose 9.3% to $367.3 million.
- Net earnings raised 44.3% to $143.1 million in the fourth quarter and 21.3% to $597.4 million for the fiscal year. Net earnings per diluted share rose 52.3% to $0.67 per share in the fourth quarter and 26.4% to $2.73 per share for the fiscal year. During the fourth quarter, net revenue was raised by $4.2 million, or $0.02 per diluted share, related to an adjustment to capitalized interest expense.
- For the fourth quarter, year-over-year comparisons were affected by (i) the formerly stated correction to our accounting for cancellation reserves for extended protection plan (EPP) products recorded in the fourth quarter of the preceding year and (ii) the adjustment to capitalized interest expense in the current year’s fourth quarter. Not including these items, fourth quarter net earnings grew 19.7% and net earnings per diluted share raised 27.5%.
CarMax, Inc., through its auxiliaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, in addition to sells new vehicles under franchise contracts.
Metlife Inc (NYSE:MET), ended its Friday’s trading session with -1.22% loss, and closed at $50.82, after Metlife Inc (MET), declared that it will hold its first quarter 2015 earnings conference call and audio webcast on Thursday, May 7, 2015, from 8-9 a.m. EDT. The call will follow MetLife’s issuance of its first quarter 2015 earnings news release and release of its First Quarter 2015 Financial Supplement on Wednesday, May 6, 2015, after the market closes.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
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