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Sunday 9 August 2015
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Active Stocks Trader’s Buzzers: Valero Energy Corporation (NYSE:VLO), Eldorado Gold Corp (USA) (NYSE:EGO), Hawaiian Holdings, Inc. (NASDAQ:HA)

On Friday, Shares of Valero Energy Corporation (NYSE:VLO), gained 2.77% to $65.60.

Valero Energy Corporation, stated net income from ongoing operations attributable to Valero stockholders of $1.4 billion, or $2.66 per share, in the second quarter of 2015 contrast to $651 million, or $1.22 per share, in the second quarter of 2014.

“After concluding a heavy planned maintenance period in the preceding quarter, our refineries were ready and accessible to respond to improving market conditions in the second quarter,” said Joe Gorder, Valero Chairman, President, and Chief Executive Officer. “Our plants operated safely and reliably, enabling us to generate strong results.”

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol.

Shares of Eldorado Gold Corp (USA) (NYSE:EGO), inclined 10.61% to $3.44, during its last trading session.

Eldorado Gold Corporation reported gold production of 181,160 ounces (Q2 2014: 200,551 oz) with average cash costs of $569 per ounce (Q2 2014: $489/oz). Adjusted net earnings for the quarter were $17.0 million ($0.02 per share) contrast to $35.9 million ($0.05 per share) in Q2 2014.

Paul Wright, Chief Executive Officer said: “This was another strong quarter for Eldorado. The Company remains focused on executing its long-term growth plan, while our operational teams continue to operate in accordance with our internal plans, producing 181,160 ounces of gold with all in sustaining cash costs of $900 per ounce.”

Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania.

Finally, Hawaiian Holdings, Inc. (NASDAQ:HA), ended its last trade with 0.18% gain, and closed at $21.72.

Hawaiian Holdings stated its financial results for the second quarter of 2015.

  • GAAP net income of $48.8 million or $0.79 per diluted share.
  • Adjusted net income, reflecting economic fuel expense and not taking into account loss on extinguishment of debt, of $37.5 million or $0.61 per diluted share, an enhance of $15.1 million or $0.26 cents per diluted share year-over-year.
  • Adjusted pre-tax margin of 10.7% contrast to 6.4% in the preceding year period.
  • Unrestricted cash, cash equivalents and short-term investments of $606 million.
  • Lowered leverage ratio to 3.4x.

Hawaiian Holdings, Inc., through its partner, Hawaiian Airlines, Inc., engages in the planned air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, in addition to daily services on its neighbor island routes among the four major islands of the state of Hawaii.

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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.

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