On Monday, Shares of Jabil Circuit, Inc. (NYSE:JBL), gained 2.31% to $20.15.
Jabil Circuit, declared that its Board of Directors has authorized the repurchase of up to $100 million worth of shares of the Company’s common stock during the period from recently through August 31, 2016. The shares will be repurchased from time-to-time in the open market at the Company’s discretion and subject to market conditions and other factors.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. It offers electronics design, production, and product administration services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications, and wearable technology industries.
Shares of CubeSmart (NYSE:CUBE), declined -0.53% to $26.04, during its last trading session.
CubeSmart, declared its operating results for the three and six months ended June 30, 2015.
“Our solid operational performance was evident throughout the portfolio, with all of our regional markets benefiting from steady demand, limited new supply, and attractive revenue growth,” commented President and Chief Executive Officer Christopher P. Marr. “Given record occupancies that reached 93.8% at quarter end, the Company was able to accelerate positive pricing momentum while also reducing promotional activity during the quarter. Based on our strong first-half performance and positive fundamental outlook for the remainder of the year, we are raising 2015 guidance for FFO and same-store performance.”
Key Highlights for the Quarter
- Stated funds from operations (“FFO”) per share, as adjusted, of $0.31, representing a year-over-year enhance of 14.8%.
- Raised same-store (361 facilities) net operating income (“NOI”) 8.4% year over year, driven by 6.8% revenue growth and a 3.3% enhance in property operating expenses.
- Same-store occupancy averaged 93.0% during the quarter, up 190 basis points year over year; ending the quarter with same-store occupancy of 93.8%.
- Closed on three facility acquisitions totaling $27.9 million.
- Attained one property upon completion of construction and issuance of certificate of occupancy (“C/O”) for $15.8 million.
- Opened for operation a joint venture development property for a total investment of $17.1 million.
CubeSmart is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in ownership, operation, acquisition, and development of self-storage facilities.
At the end of Monday’s trade, Shares of Canadian Solar Inc. (NASDAQ:CSIQ), gained 3.59% to $25.95.
Canadian Solar, declared that it will hold a conference call on Tuesday, August 18, 2015 at 5:00 p.m. U.S. Eastern Daylight Time (5:00 a.m., August 19, 2015 in Hong Kong) to talk about the Company’s second quarter 2015 results and business outlook.
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems.
Finally, McEwen Mining Inc (NYSE:MUX), ended its last trade with 10.48% gain, and closed at $0.776.
McEwen Mining reported its financial and operating results for the three months ended June 30th, 2015(1). The Company had record quarterly production of 39,164 gold equivalent ounces and stated cash flow from operations of about $6 million or $0.02 per share. The El Gallo Mine in Mexico was the key performer in the quarter, producing at a cash costs and all-in sustaining costs (AISC) per gold equivalent ounce of $351 and $546, respectively.
McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It primarily explores for gold, silver, and copper.
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