On Wednesday, Shares of eBay Inc. (NASDAQ:EBAY), lost -0.52% to $28.45.
eBay, stated that revenue for the second quarter ended June 30, 2015 accelerated to $4.4 billion, with strength across both PayPal and eBay. This excludes $0.3 billion of eBay Enterprise revenue that is now presented as suspended operations. GAAP income from ongoing operations was $682 million or $0.56 per diluted share, and Non-GAAP income from ongoing operations was $931 million or $0.76 per diluted share, driven by an acceleration in revenue growth at both businesses.
eBay Inc.’s commerce and payments ecosystems continued to enhance the role they play in global commerce, with gross merchandise volume (GMV) growth on an FX neutral basis accelerating 1 point over the preceding period to 6% and net total payment volume growth accelerating 3 points to 28%. On a year over year basis, foreign currency movements continued to have a negative effect, impacting the revenue growth rate of the eBay Marketplaces business by 8 points and the revenue growth rate of PayPal’s business by 3 points, with benefits from currency hedging partially offsetting the impact at PayPal. Additionally, weaker local currencies in some markets led to reduced demand for goods in export-oriented markets like the United States, impacting the growth of our cross border trade for eBay Marketplaces and PayPal.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of Oasis Petroleum Inc. (NYSE:OAS), declined -2.59% to $10.52, during its last trading session, hitting its lowest level.
Oasis Petroleum plans to declare its second quarter 2015 financial and operational results on Tuesday, August 4, 2015 after the close of trading on the NYSE. Additionally, the Company will host a conference call on Wednesday, August 5, 2015 at 10:00 a.m. Central Time to talk about financial and operational results for the quarter.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, Opko Health, Inc. (NYSE:OPK), ended its last trade with 3.84% gain, and closed at $16.76.
OPKO Health declared that SciVac Ltd., an Israeli entity in which OPKO has a forty-five percent ownership interest, accomplished its formerly declared plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) with SciVac Therapeutics Inc., following which the Company attained 100% of the issued and outstanding securities of SciVac in exchange for common shares of the Company. The terms and conditions on which the Transaction was accomplished were set out in the arrangement agreement dated March 19, 2015 among Levon, SciVac and 1027949 B.C. Ltd.
Upon completion of the Transaction, the former SciVac security holders now hold 68.4% of the issued and outstanding Common Shares, with OPKO acquiring ownership of 185,129,317 Common Shares, representing 24.5% of the issued and outstanding Common Shares. Preceding to the Transaction, OPKO did not own any of the issued and outstanding Common Shares of the Company. On completion of the Transaction, the Company changed its name from Levon Resources Ltd. to SciVac Therapeutics Inc.
OPKO attained the Common Shares for investment purposes. Depending on market conditions and other factors, OPKO may from time to time acquire additional securities of the Company or dispose of securities of the Company in the open market, by private agreement or otherwise.
OPKO Health, Inc., a biopharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies in the United States and internationally. It operates through two segments, Pharmaceuticals and Diagnostics.
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