On Thursday, Shares of Aeropostale Inc (NYSE:ARO), lost -9.85% to $0.814.
Aeropostale, stated results for the second quarter of fiscal 2015, and offered guidance for the third quarter of fiscal 2015.
Second Quarter Performance
For the second quarter of fiscal 2015, net sales reduced 17% to $326.9 million, from $396.2 million in the year ago period. Comparable sales, counting the e-commerce channel, for the second quarter of fiscal 2015 reduced 8%, contrast to a decrease of 13% for the corresponding 13-week period ended August 2, 2014.
The Company stated a net loss for the second quarter of fiscal 2015 of $43.7 million, or $0.55 per diluted share, which comprised:
- an after-tax charge of about $2.9 million, or $0.04 per diluted share, resulting from store closing costs;
- and an after-tax charge of $2.4 million, or $0.03 per diluted share, due to consulting fees; offset by
- an after-tax benefit of $6.4 million, or $0.08 per diluted share, due to reversals of formerly established exit cost obligation liabilities resulting from subsequent lease terminations.
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing.
Shares of Koninklijke Philips NV (ADR) (NYSE:PHG), inclined 0.51% to $25.78, during its last trading session.
Reinforcing its commitment to improving diagnostic confidence through innovation, Royal Philips (NYSE: PHG AEX: PHIA), declared that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its Spectral Diagnostic Suite (SpDS). Philips SpDS is a set of advanced visualization and analysis tools designed for the Philips IQon Spectral CT to deliver improved spectral viewing and advanced clinical applications capabilities.
Due to its accessibility, speed and assessment capabilities, CT imaging is widely used in the diagnosis of many different diseases and injuries. By providing spectral capabilities within traditional CT applications, SpDS offers a new level of flexibility and clinical information for CT users, allowing clinicians to utilize the spectral information “on-demand,” to achieve better clinical decision support without any added complexity of special modes or workstations that disrupt user workflow. Additionally, because there is no need to bring the patient back for additional imaging, on-demand spectral analysis of a particular region allows the physician to further analyze incidental findings and at the same time reduce dose exposure to the patient.
Koninklijke Philips N.V. engages in healthcare, consumer lifestyle, and lighting businesses worldwide. It provides various integrated clinical solutions, counting radiation oncology and portfolio administration; computed tomography, magnetic resonance imaging, and molecular imaging products; digital X-ray and mammography products; interventional X-ray products in cardiology, radiology, surgery, and other areas; and ultrasound products.
At the end of Thursday’s trade, Shares of Key Energy Services, Inc. (NYSE:KEG), gained 5.96% to $0.640.
Key Energy Services, declared that it had received a letter from The New York Stock Exchange notifying it that, for 30 successive trading days, the price for Key’s common shares was below the minimum $1.00 per share requirement for continued listing on the NYSE under Item 802.01C of the NYSE’s Listed Company Manual. This notice does not have an immediate effect on the listing of Key’s common shares.
Key has 180 days, or until March 2, 2016, to regain compliance with the NYSE’s minimum share price requirement. Key will explore all options to regain compliance with the NYSE’s continued listing standard and, in accordance with NYSE rules, Key will notify the NYSE within 10 business days of its receipt of the NYSE notice of its intent to cure this deficiency. Under the NYSE standards, the Company can avoid delisting if, during the six-month period following receipt of the NYSE notice, on the last trading-day of any calendar month, the Company’s common stock has a closing price per share and a 30 trading-day average closing share price of at least $1.00.
Key intends to maintain the listing of its common shares on the NYSE and will consider available alternatives, potentially counting a reverse stock split, in order to cure the stock price deficiency and return to compliance with the NYSE continued listing requirement. As a Maryland corporation, a reverse stock split would only require the approval of the Board of Directors and the posting of appropriate NYSE notices.
The NYSE notification does not affect Key’s business operations or its Securities and Exchange Commission reporting requirements and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.
Finally, BlackRock Improved Dividend Achievers Tr (NYSE:BDJ), ended its last trade with -0.28% loss, and closed at $7.23.
BlackRock Resources & Commodities Strategy Trust (BCX), BlackRock Improved Equity Dividend Trust (BDJ), BlackRock Energy and Resources Trust (BGR), BlackRock International Growth and Income Trust (BGY), BlackRock Health Sciences Trust (BME), BlackRock Global Opportunities Equity Trust (BOE), BlackRock Utility and Infrastructure Trust (BUI), BlackRock Improved Capital and Income Fund, Inc. (CII), BlackRock Science and Technology Trust (BST), and BlackRock Improved Government Fund, Inc. (EGF) (collectively, the “Funds”) paid the distributions per share.
Each of the Funds has adopted a level distribution plan (the “Plan”) and employs a managed distribution and/or an option over-write policy to support a level distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available investment income to its shareholders, compriseent with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended. If sufficient investment income is not available on a monthly basis, the Funds will distribute long-term capital gains and/or return capital to their shareholders in order to maintain a level distribution.
BlackRock Improved Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.
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