During Friday’s Current trade, Shares of First Solar, Inc. (NASDAQ:FSLR), lost -0.54% to $47.65.
First Solar, Inc. ( FSLR) declared financial results for the second quarter of 2015. Net sales were $896 million in the quarter, an enhance of $427 million from the first quarter of 2015. The enhance in net sales from the preceding quarter resulted from raised revenue recognition on the Silver State South project and the sale of majority interests in the North Star and Lost Hills-Blackwell projects.
The Company stated second quarter GAAP earnings per fully diluted share of $0.93, contrast to a loss of ($0.62) in the preceding quarter. The sequential enhance in net income was due to higher systems project revenue, project cost improvements and a discrete tax benefit in the second quarter of about $42 million.
Cash and marketable securities at the end of the second quarter were about $1.8 billion, an enhance of about $291 million contrast to the preceding quarter. The enhance in cash and marketable securities during the quarter was due to receipts from the sale of majority interests in the North Star and Lost Hills-Blackwell projects in addition to proceeds received in conjunction with the 8point3 Energy Partners IPO.
First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for project developers and system integrators, in addition to owners and operators of photovoltaic (PV) solar power systems.
Shares of T. Rowe Price Group Inc (NASDAQ:TROW), declined -0.55% to $73.53, during its current trading session.
T.Rowe Price Group, Inc. (TROW) stated its second quarter of 2015 results, counting net revenues of $1.1 billion, net income of $333.2 million, and diluted earnings per common share of $1.24. On a comparable basis, net revenues were $984.3 million, net income was $305.8 million, and diluted earnings per common share was $1.13 in the second quarter of 2014.
For the three-month period ended June 30, 2015, the net cash inflows after client transfers into the mutual funds of $1.4 billion comprise net inflows of $1.5 billion into the fixed income funds and $.4 billion into the stock and blended asset funds. These net inflows were offset by net outflows from money market funds of $.5 billion. The net cash outflows during the second quarter of 2015 from the other investment portfolios were largely concentrated among a small number of institutional and subadvised clients who redeemed primarily from large-cap U.S. equity strategies. The firm’s overall net cash flows for the second quarter of 2015 comprise $5.2 billion that originated in the firm’s target-date retirement strategies, which totaled $166.5 billion in assets under administration at June 30, 2015. These target-date assets contribute to the nearly $213 billion of assets under administration in the firm’s asset allocation portfolios.
T.Rowe Price Group, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. Through its auxiliaries, it launches and manages equity and fixed income mutual funds. The firm also launches balanced mutual funds and private equity funds.
Hospitality Properties Trust (NYSE:HPT), during its Friday’s current trading session decreased -1.43% to $27.56.
Hospitality Properties Trust (HPT) technology leader in the digital incentives, couponing and payment space, declared that on June 5th, 2015, the Autorité des Marchés Financiers issued a partial revocation of the cease trade order issued on May 19th, 2015 solely to permit the closing of a financing. The cease trade order was issued because Mobi724 was unable to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year ended December 31, 2014 (the “Year End Filings”) by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102). The partial revocation of the cease trade order will allow Mobi724 to complete a private placement to issue a maximum of 36 363 637 common shares at a price of $ 0.0825 for the aggregate amount of $3,000,000. The subscribers shall also be issued one common share purchase warrant for every common share issued on the first $2,000,000 at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31st 2016 after which they shall expire. The distribution will only take place in Quebec.
The funds raised shall permit Mobi724 to prepare and finalize Year End Filings, to prepare its interim financial statements, interim MD&A and related CEO and CFO certificates for the interim period ended March 31, 2015 (the “Interim Filings”), to file a full revocation order within 60 days from the closing of the private placement, to satisfy ongoing debt obligations, to pay past due payroll expenses and to satisfy minimum overhead expenses to sustain ongoing operations.
Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company’s hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada.
Finally, Raytheon Company (NYSE:RTN), decreased -0.60%, to $106.99.
Raytheon Company (RTN) declared net sales for the second quarter 2015 were $5.8 billion contrast to $5.7 billion in the second quarter 2014. Second quarter 2015 EPS from ongoing operations was $1.65 contrast to $1.59 in the second quarter 2014. Second quarter 2015 EPS from ongoing operations comprised of a favorable FAS/CAS Adjustment of $0.10 contrast to a favorable FAS/CAS Adjustment of $0.18 in the second quarter 2014. In addition, second quarter 2015 EPS from ongoing operations comprised of, as predictable, a $0.29 favorable impact from a tax settlement.
The Company had bookings of $7.6 billion in the second quarter 2015, resulting in a book-to-bill ratio of 1.30. In the second quarter 2014, bookings were $6.8 billion. Year-to-date 2015 bookings were $12.1 billion, resulting in a book-to-bill ratio of 1.08. Year-to-date 2014 bookings were $11.1 billion.
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. It operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS). The IDS segment provides integrated air and missile defense; radar solutions; naval combat and ship electronic systems; command, control, communications, computers, and intelligence solutions; and air traffic administration systems.
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