On Monday, Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)’s shares declined -3.96% to $19.75.
Melco Crown Entertainment Ltd (ADR) (MPEL) stated its unaudited financial results for the first quarter of 2015.
Net revenue for the first quarter of 2015 was US$1,054.3 million, representing a decrease of about 22% from US$1,357.3 million for the comparable period in 2014. The decline in net revenue was primarily attributable to lower group-wide rolling chip revenues and mass market table games revenues.
Adjusted property EBITDA(1) was US$253.3 million for the first quarter of 2015, as contrast to Adjusted property EBITDA of US$387.5 million in the first quarter of 2014. The 35% year-over-year decline in Adjusted property EBITDA was attributable to lower group-wide rolling chip volumes and rolling chip win rate, together with a lower contribution from the mass market table games segment.
On a U.S. GAAP basis, net income attributable to Melco Crown Entertainment for the first quarter of 2015 was US$60.6 million, or US$0.11 per ADS, contrast with net income attributable to Melco Crown Entertainment of US$239.5 million, or US$0.44 per ADS, in the first quarter of 2014. The net loss attributable to noncontrolling interests during the first quarter of 2015 of US$36.8 million related to Studio City and City of Dreams Manila.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
Goodrich Petroleum Corporation (NYSE:GDP)’s shares dropped -3.88% to $3.47.
Goodrich Petroleum Corporation (GDP) declared the retirement of its Chairman of the Board of Directors Patrick E. Malloy, III (72 years old) due to health reasons. Mr. Malloy had served on the Board since 2000 and as Chairman since 2003. The retirement is effective recently and the Company will designate a new Chairman at its next Board meeting.
Commenting on Mr. Malloy’s retirement, Walter G. “Gil” Goodrich, the Company’s Vice-Chairman and Chief Executive Officer stated, On behalf of all the directors of Goodrich Petroleum, they are saddened by Pat’s departure from the Board and the reasons for the departure. They extend their thanks to him for about fifteen years of dedicated service and the leadership he brought to the Company. They wish him nothing but the best and renewed good health.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
At the end of Monday’s trade, Tribune Media Co (NYSE:TRCO)‘s shares dipped -3.75% to $53.90.
Tribune Media Co (TRCO) declared that Peter Liguori, President and Chief Executive Officer, will take part in a question and answer session at the 2nd Annual MoffettNathanson Media & Communications Summit in New York on Thursday, May 14, 2015. The session will start at 3:00pm ET.
Tribune Media Company, through its auxiliaries, operates as a media and entertainment company in the United States. The company operates through two segments, Television and Entertainment, and Digital and Data.
Axiall Corp (NYSE:AXLL), ended its Monday’s trading session with -3.62% loss, and closed at $37.82.
Axiall Corp (AXLL) declared financial results for the quarter ended March 31, 2015.
The company stated net sales of $947.6 million for the first quarter of 2015, contrast to net sales of $993.7 million for the first quarter of 2014. The company stated a net loss attributable to Axiall of $10.6 million, or a $0.15 loss per diluted share, for the first quarter of 2015, contrast to a net loss attributable to Axiall of $11.6 million, or $0.17 loss per diluted share, for the first quarter of 2014. The company stated an Adjusted Net Loss of $3.6 million and an Adjusted Loss Per Share of $0.05 for the first quarter of 2015, contrast to an Adjusted Net Loss of $5.3 million and an Adjusted Loss Per Share of $0.08 for the first quarter of 2014. The company stated Adjusted EBITDA of $83.2 million for the first quarter of 2015, contrast to Adjusted EBITDA of $67.6 million for the first quarter of 2014.
Axiall Corporation manufactures and markets chemicals and building products in the United States and internationally. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics.
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