On Wednesday, Shares of Rovi Corporation (NASDAQ:ROVI), gained 4.22% to $10.38.
Rovi Corporation declared that Michael Hawkey has joined the company as senior vice president and general manager of the Discovery business group. In this role, Mr. Hawkey will lead the growth initiatives, overall strategy and product offerings in multiple areas across the Discovery group’s product development, counting product lifecycle administration, program administration, and product marketing. He will also oversee the engineering, architecture and user experience of Rovi’s Discovery products. Mr. Hawkey will be based out of the company’s headquarters in Santa Clara, California, and will report directly to John Burke, Rovi’s executive vice president and chief operating officer.
“With more than 25 years of industry experience, Michael brings tremendous expertise to Rovi and a solid track record in driving digital entertainment software and solutions across multiple screens and mobile devices worldwide,” said Mr. Burke. “Michael’s leadership in successfully managing product development and bringing next-generation products to market makes him well-suited to support Rovi’s rapidly growing Discovery business.”
Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide. The company offers interactive program guides (IPGs), an interactive listing of television or video program information that enables viewers to navigate through, sort, select, and plan video programming for viewing and recording. It markets IPGs to service providers under i-Guide and Passport brands; and CE industry under the G-GUIDE and HTML Guide brands.
Shares of Senior Housing Properties Trust (NYSE:SNH), inclined 2.27% to $15.80, during its last trading session.
Senior Housing Properties Trust, declared its financial results for the quarter and six months ended June 30, 2015.
Results for the six months ended June 30, 2015:
Normalized FFO for the six months ended June 30, 2015 were $205.3 million, or $0.90 per basic and diluted share. This compares to Normalized FFO for the six months ended June 30, 2014 of $166.7 million, or $0.86 per basic and diluted share.
Net income was $76.2 million, or $0.33 per basic and diluted share, for the six months ended June 30, 2015, contrast to net income of $76.2 million, or $0.39 per basic and diluted share, for the six months ended June 30, 2014.
The basic and diluted weighted average number of common shares outstanding were 228.5 million for the six months ended June 30, 2015, and 194.0 million for the six months ended June 30, 2014.
Reconciliations of net income determined in accordance with GAAP to FFO and Normalized FFO for the six months ended June 30, 2015 and 2014 appears later in this press release.
Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties.
At the end of Wednesday’s trade, Shares of Sprouts Farmers Market Inc (NASDAQ:SFM), lost -0.30% to $19.81.
Sprouts Farmers Market, declared that Amin Maredia, chief executive officer, and Jim Nielsen, president and chief operating officer, will present at the Goldman Sachs 22nd Annual Global Retailing Conference at the Plaza Hotel in New York. The presentation will start at 9:35 am (EDT) on Thursday, September 10, 2015.
Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products.
Finally, Stone Energy Corporation (NYSE:SGY), ended its last trade with 5.17% gain, and closed at $4.07.
Stone Energy Corporation declared financial and operational results for the second quarter of 2015. Some of the highlights comprise:
- Production volumes exceeded the upper end of second quarter 2015 guidance.
- Cardona #6 well was drilled and accomplished under budget and is predictable to come on line by the end of the third quarter.
- Recognized an upward working interest adjustment to a number of wells in the Mary field in Appalachia.
- Quarter-end cash position of $142 million and an undrawn $500 million bank facility.
Financial Results
Stone Energy had a second quarter 2015 adjusted net loss of $9.4 million, or $0.17 per share, before pre-tax non-cash impairment charges of $224.3 million ($143.5 million net of taxes). The impairment charge was primarily due to lower oil, NGL and natural gas prices used in calculating the full cost ceiling and an impairment due to an unsuccessful exploration venture in Canada. After impairment charges, the stated net loss was $152.9 million, or $2.77 per share, on oil and gas revenue of $149.5 million, contrast to net income of $4.4 million, or $0.08 per share, on oil and gas revenue of $205.0 million in the second quarter of 2014.
Discretionary cash flow totaled $84.9 million during the second quarter of 2015, as contrast to $117.5 million during the second quarter of 2014. Please see “Non-GAAP Financial Measures” and the accompanying financial statements for reconciliations of discretionary cash flow, a non-GAAP financial measure, to net cash flow offered by operating activities and adjusted net loss, a non-GAAP financial measure, to net loss.
During the second quarter of 2015, Stone realized an improvement in working interest in multiple wells at the Mary field in Appalachia, resulting from the non-election to take part by potential partners. The attained interest percentage ranged from about 9% to 25% at multiple pads at varying ownership levels, and incorporates a time-period ranging from one quarter to over one year, depending on the well. Production volumes recognized in the second quarter that were attributable to previous quarters totaled about 18 MMcfe per day (1.7 Bcfe in aggregate) and resulted in minimal impact to the financial results.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region.
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