On Wednesday, Shares of J. C. Penney Company, Inc. (NYSE:JCP), lost -1.91% to $8.71.
J. C. Penney Company, declared financial results for its first quarter ended May 2, 2015. For the first quarter, JCPenney stated net sales of $2.86 billion contrast to $2.80 billion in the first quarter of 2014. Same store sales raised 3.4 % for the period.
For the quarter, Women`s apparel, Men`s and Home were the Company`s top performing merchandise divisions. Sephora inside JCPenney, which is now accessible in 515 locations, also continued its strong performance. Geographically, all regions practiced sales growth when contrast to the same period last year with the best performance in the western and central regions of the country.
For the first quarter, gross margin improved 330 basis points to 36.4 % of sales, contrast to 33.1 % in the same quarter last year.
J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Shares of One Horizon Group, Inc. (NASDAQ:OHGI), skyrocketed 142.33% to $2.63, during its last trading session.
One Horizon Group, declared that its Chinese retail VoIP service, brand named Aishuo, has surpassed its two month download target by having its product downloaded over 3 million times.
The Aishuo rollout to Chinese smartphone users commenced in late February and entails multiple leveraging strategies counting advertisements, search engine optimization, press releases, event marketing, business-traveler and student direct marketing, on and off-line promotions in addition to the brand new One Horizon Sponsored-Call platform.
Aishuo smartphone app is combined with One Horizon’s Sponsored-Call mobile advertising service where a user is presented with a list of companies that will sponsor their calls in consideration for listening to their in-app advertisement, an industry first for China. Aishuo app is predictable to drive multiple revenue streams from the supply of its value-added services counting the rental of Chinese telephone phone numbers linked to the app, low cost local and international calling plans and sponsorship from advertisers. Subscribers can top up their app credit from major online payment services in China counting AliPay (from Alibaba), Union Pay, PayPal and Tenent’s WeChat payment service.
The company has seen an immediate download response from its brand building and technology awareness activities through Chinese app stores, a variety of Internet forums and numerous social media outlets. One Horizon is seeking to acquire 15 million new subscribers on its mobile VoIP service over a two-year period with a view to leveraging this noteworthy user base to achieve industry average revenues per user (ARPU) for similar social media, mobile advertising and mobile VoIP apps.
One Horizon Group, Inc., through its auxiliaries, develops and licenses software solutions to telecommunications operators in Europe, Asia, the Russian Federation, and the United States. The company develops Horizon platform, a bandwidth-efficient voice over Internet protocol platform for smart phones and tablets; and provides optimized data applications, counting multi-media messaging and mobile advertising.
At the end of Wednesday’s trade, Shares of Silver Standard Resources Inc. (NASDAQ:SSRI), surged 13.87% to $6.24.
Silver Standard Resources, reports merged financial results for the first quarter ended March 31, 2015 .
First Quarter 2015 Highlights:
- Stated net income of $0.11 per share: Net income and adjusted income for the quarter were $9.1 million and $6.8 million , respectively.
- Generated strong operating cash flow: Cash flows from operating activities before value added taxes and interest of $37.2 million .
- Achieved lower cash costs profile
- Stated cash costs of $612 per payable ounce of gold sold at Marigold driven by further efficiencies in mining operations.
- Stated cash costs of $11.25 per payable ounce of silver sold at Pirquitas, ongoing our trend of sequentially lower quarterly cash costs.
- Delivered strong production: Produced 55,598 ounces of gold, a record 2.7 million ounces of silver and 3.8 million pounds of zinc, on track to achieve 2015 production guidance.
- Continued exploration success at Marigold: Brownfields exploration continues to expand the high-grade mineralization in the 8 South pit area, with hole MR-6045 returning a downhole intercept of 164.6 meters at a grade of 1.7 g/t gold.
- Paid CRA deposit: Paid $19.2 million deposit to the Canada Revenue Agency required to contest the Notice of Reassessment received during the first quarter of 2015.
Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits.
Finally, Altria Group Inc. (NYSE:MO), ended its last trade with -0.29% loss, and closed at $51.
Altria Group, will host a live audio webcast of its 2015 Annual Meeting of Shareholders on Wednesday, May 20, 2015 at 9:00 a.m. Eastern Time.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
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