On Wednesday, in the course of current trade, Shares of Groupon, Inc. (NASDAQ:GRPN), dropped -6.43%, and is now trading at $6.40.
Groupon, declared financial results for the quarter ended March 31, 2015.
First Quarter 2015 Summary
- Gross billings, which reflect the total dollar value of customer purchases of goods and services, raised to $1.6 billion in the first quarter 2015, contrast with $1.5 billion in the first quarter 2014. Gross billings grew 10% globally, not taking into account the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. On this F/X neutral basis, North America billings raised 14%, EMEA raised 7% and Rest of World declined 1%. Counting the $117.7 million unfavorable impact from foreign exchange, billings raised 2% contrast with first quarter 2014.
- Revenue raised to $750.4 million in the first quarter 2015, contrast with $728.4 million in the first quarter 2014. Revenue grew 10%, not taking into account the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. On this F/X neutral basis, North America revenue raised 11%, EMEA raised 13% and Rest of World declined 8%. Counting the $51.3 million unfavorable impact from foreign exchange, revenue raised 3% contrast with first quarter 2014.
- Gross profit was $347.4 million in the first quarter 2015, contrast with $365.5 million in the first quarter 2014. Not taking into account the $27.7 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, gross profit would have been $375.1 million.
- Adjusted EBITDA, a non-GAAP financial measure, was $72.4 million in the first quarter 2015, contrast with $45.8 million in the first quarter 2014, as lower gross profit was more than offset by lower operating expenses, both reflecting the impact of year-over-year changes in foreign exchange rates.
- Net loss attributable to common stockholders was $14.3 million, or $0.02 per share. Non-GAAP net earnings attributable to common stockholders was $21.3 million, or $0.03 per share.
- First quarter 2015 results comprised of $19.5 million of pre-tax non-operating foreign currency losses, $17.6 million of which was related to non-cash losses on intercompany balances.
- Operating cash flow for the trailing twelve months ended March 31, 2015 was $307.8 million. Free cash flow, a non-GAAP financial measure, was $22.4 million in the first quarter 2015, bringing free cash flow for the trailing twelve months ended March 31, 2015 to $222.0 million.
- At the end of the quarter, Groupon had $975.5 million in cash and cash equivalents.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
During an Afternoon trade, Shares of Rock-Tenn Company (NYSE:RKT), gained 0.71%, and is now trading at $62.12.
On April 29, Rock-Tenn Company stated earnings for the quarter ended March 31, 2015 of $0.77 per diluted share and adjusted earnings of $0.85 per diluted share.
Second Quarter Results
Net sales of $2,456 million for the second quarter of fiscal 2015 raised $62 million contrast to the second quarter of fiscal 2014 as a result of sales from the Tacoma Mill acquisition accomplished in fiscal 2014 and higher corrugated volumes.
Segment income of $222 million for the second quarter of fiscal 2015 raised $20 million contrast to the preceding year quarter. The enhance in segment income was primarily due to the achievement of an estimated $22 million in productivity improvements, lower fiber and energy prices, less weather disruption than in the preceding year quarter and higher corrugated volumes which were partially offset by reduced corrugated selling prices, lower merchandising displays income and other costs across our business.
Rock-Tenn Company manufactures and sells containerboard and paperboard products in the Unites States, Canada, Mexico, Chile, Argentina, and Puerto Rico. The company operates through four segments: Corrugated Packaging, Consumer Packaging, Merchandising Displays, and Recycling.
Shares of Patterson-UTI Energy Inc. (NASDAQ:PTEN), during its Wednesday’s current trading session gained 2.81%, and is now trading at $22.15.
Patterson-UTI Energy, stated that for the month of April 2015, the Company had an average of 131 drilling rigs operating in the United States and two rigs in Canada.
Average drilling rigs operating stated in the Company’s monthly declarements represent the average number of the Company’s drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company’s operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company’s financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
Finally, Marriott International, Inc. (NASDAQ:MAR), gained 1.23% Wednesday.
The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned partner of Marriott International.
Majestic in appearance, sophisticated in design and peerless in pedigree, The Nile Ritz-Carlton Cairo marks the return of an icon to the Egyptian capital. The historic property will reopen under Ritz-Carlton’s stewardship in late summer, heralding a new era of luxury hospitality in the heart of Cairo.
The Nile Ritz-Carlton, Cairo will open in the late summer of this year. The hotel is undergoing a complete renovation whilst retaining many of the original features, reminding guests of the cherished memories of days gone by, yet well-prepared to host a new generation of guests with a desire to uncover the mystique of the historic city. With the hotel nearing the handover stage, finishing touches will be made on its extensive renovation and with the assist of Ladies and Gentlemen of the Ritz-Carlton, its rich culture of service in the hotel’s famed premises will be established.
In its decades of history, the latest addition to The Ritz-Carlton portfolio of 88 hotels and resorts has played host to the world’s most powerful and famous, from statesmen through to Hollywood icons counting Elizabeth Taylor, Frank Sinatra, in addition to business giants such as Nelson Rockefeller.
Centered between the Nile and Tahrir Square, the hotel is easily accessible from Cairo’s key attractions and landmarks counting the Arab League Headquarters and the Egyptian Museum of Antiquities, home to the King Tut exhibition. In addition, the nearby Qasr El Nile Bridge links the hotel to the magnificent Cairo Opera House, a unique landmark of aesthetic and cultural interest in Egypt.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International.
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