On Wednesday, Shares of American Realty Capital Properties, Inc. (NASDAQ:ARCP), lost -0.78% to $8.91.
American Realty Capital Properties, declared it anticipates to issue, jointly with its operating partnership, ARC Properties Operating Partnership, L.P. (the “OP”), its 2015 first quarter Quarterly Report on Form 10-Q on Thursday, May 7, 2015, and host an audio webcast on that same day at 10 a.m. Eastern Time to provide a business update and talk about ARCP’s financial results. Glenn Rufrano, Chief Executive Officer, and Mike Sodo, Chief Financial Officer, will conduct the call.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants.
Shares of NorthStar Realty Finance Corp. (NYSE:NRF), declined -0.38% to $18.59, during its last trading session.
NorthStar Realty Finance, declared that its Board of Directors has confirmed a cash dividend of $0.40 per share of common stock, payable with respect to the quarter ended March 31, 2015. The dividend is predictable to be paid on May 22, 2015 to shareholders of record as of the close of business on May 18, 2015. NorthStar Realty’s common shares will start trading ex-dividend on May 14, 2015.
NorthStar Realty Finance Corp., a real estate investment trust (REIT), operates as a commercial real estate (CRE) investment and asset administration company in the United States. It focuses on originating, structuring, acquiring, and managing senior and subordinate debt investments secured primarily by commercial, multifamily, and healthcare properties, which comprise first mortgage loans, subordinate mortgage interests, mezzanine loans, credit tenant loans, and other loans, such as preferred equity interests in borrowers who own such properties.
At the end of Wednesday’s trade, Shares of Herbalife Ltd. (NYSE:HLF), gained 16.46% to $46.69.
Herbalife, stated first quarter net sales of $1.1 billion. While local currency net sales grew by 4%, stated net sales declined 12% primarily due to the unfavorable impact of currency exchange rates. Adjusted earnings for the quarter were $1.29 per diluted share contrast to $1.50 per diluted share for the same period in 2014. On a stated basis, the company declared first quarter net income of $78.2 million, or $0.92 per diluted share, contrast to $74.6 million, or $0.74 per diluted share for the same period in 2014. First quarter 2015 diluted EPS was negatively influenced by a $0.44 currency headwind.
First quarter 2015 stated net income was negatively influenced by $36.3 million in pre-tax charges, or $0.30 per diluted share after tax, related to the devaluation of the Venezuelan Bolivar. During the first quarter, the company remeasured its Bolivar-denominated monetary assets and liabilities at the SIMADI rate.
For the quarter that ended March 31, 2015, the company generated $161.1 million net operating cash flow, and invested $15.4 million in capital expenditures.
Herbalife Ltd., a nutrition company, develops and sells weight administration, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products. The company offers science-based products in four principal categories, counting weight administration; targeted nutrition; energy, sports, and fitness; and outer nutrition.
Finally, NVIDIA Corporation (NASDAQ:NVDA), ended its last trade with 0.32% gain, and closed at $22.10.
NVIDIA Corporation, declared that it will wind down its Icera modem operations in the second quarter of fiscal 2016. The company is open to a sale of the technology or operations.
The company purchased Icera in 2011 to engage the smartphone revolution with a leading integrated application processor and modem platform. Since then, the company has reshaped its strategy to focus on high-growth opportunities in gaming, automotive and cloud computing applications like deep learning, where its visual computing expertise is greatly valued.
The Icera 4G LTE modem meets the company’s needs for the next year or more. Going forward, the company anticipates to partner with third-party modem suppliers and will no longer develop its own.
The Icera modem operation has about 500 employees, based primarily in the U.K. and France, with smaller operations in Asia and the United States.
Further details, counting the financial impact, will be offered when NVIDIA’s first quarter financial results are declared on Thursday, May 7.
NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors.
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