On Monday, Shares of Realogy Holdings Corp (NYSE:RLGY), lost -0.46% to $43.19.
Realogy Holdings stated financial results for the second quarter ended June 30, 2015, counting the following highlights:
- Revenue of $1.7 billion, which represents a 9% enhance contrast to second quarter 2014, was driven by higher homesale transaction volume.
- Net income for second quarter 2015 was $97 million, and basic earnings per share was $0.66, representing enhances of 43% and 40%, respectively, contrast to the preceding year period.
- Adjusted EBITDA was $282 million, contrast to $269 million in the second quarter of 2014, a year-over-year enhance of $13 million.
- Realogy generated $273 million of free cash flow for the quarter, or $1.86 per share, contrast to $198 million, or $1.36 per share, in the preceding year period.
- Realogy’s franchise (RFG) and company-owned (NRT) business segments achieved a 10% enhance in combined homesale transaction volume (transaction sides multiplied by average sale price) contrast to second quarter 2014. RFG stated a homesale transaction enhance of 5% and an average homesale price enhance of 5%. NRT stated a homesale transaction enhance of 13% and an average homesale price decrease of 4%. The enhance in NRT’s transaction sides was bolstered by the planned addition of the Coldwell Banker United and ZipRealty brokerage operations, which have a lower average sales price.
Realogy Holdings Corp. provides real estate and relocation services worldwide. The company’s Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses.
Shares of Paychex, Inc. (NASDAQ:PAYX), inclined 1.01% to $48.10, during its last trading session.
Paychex, declared the launch of the Paychex Multicultural Business Development Ambassador Program. Through the program, Paychex is investing in the country’s 3.2 million Hispanic-owned businesses by tapping into the knowledge and talent of its workforce to assist Hispanic businesses succeed.
“The Hispanic/Latino Multicultural Business Development Ambassador Program exemplifies the Paychex values of partnership and innovation,” said Laurie Zaucha, vice president of human resources and organizational development at Paychex. “We’re utilizing the talents of our employees and bringing them together, across business units and geographies, to learn how we can better serve our Spanish-speaking customers and to identify opportunities to enhance our connections with Hispanic-owned businesses.”
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
Finally, Altera Corporation (NASDAQ:ALTR), ended its last trade with 0.20% gain, and closed at $49.84.
Altera Corporation, attended the Flash Memory Summit at the Santa Clara Convention Center, August 10-13, 2015, (Booth #486) and is demonstrating a new NAND Flash reference design that extends the life of flash memory up to 7x. In addition, Altera is sharing how FPGAs can be used to accelerate functions in the data center, and to enable storage and memory virtualization. Altera computer and storage experts also are presenting multiple technology sessions and offering tutorials on high-performance flash applications.
The Altera NAND storage reference design is based on the Altera Arria 10 SoC. It implements Mobiveil’s Universal NVM Express Controller (UNEX), a configurable controller for PCIe-based SSDs, and NVMdurance’s NAND flash optimization software. The reference design enables data center operators to leverage the most advanced 3D NAND technology without the long design cycles required with ASIC designs.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
