During Friday’s Current trade, Shares of Endologix, Inc. (NASDAQ:ELGX), lost -0.30% to $13.50.
Endologix, Inc. (ELGX), declared financial results for the three and six months ended June 30, 2015.
Financial Results
Global revenue in the second quarter of 2015 was $39.5 million, a 3% enhance from $38.3 million in the second quarter of 2014. For the six months ended June 30, 2015, global revenue raised 6% to $76.1 million, contrast to $71.6 million for the six months ended June 30, 2014. On a constant currency basis, revenue for the second quarter and six months ended June 30, 2015 raised 8% and 11%, respectively.
U.S. revenue in the second quarter of 2015 was $28.8 million, a 14% sequential enhance from the first quarter of 2015 and a 3% enhance contrast with $28.0 million in the second quarter of 2014. International revenue was $10.7 million, a 4% enhance contrast to $10.3 million in the second quarter of 2014. On a constant currency basis, second quarter international revenue raised 20%. European revenue was $7.9 million, a 1% enhance as contrast to $7.8 million in the second quarter of 2014, but 23% growth on a constant currency basis.
Endologix, Inc. develops, manufactures, markets, and sells medical devices for the treatment of abdominal aortic aneurysms in the United States and internationally. The company offers minimally-invasive endovascular repair (EVAR) products, counting EVAR stent graft and catheter delivery system under the brand names Powerlink, IntuiTrak, AFX, and VELA Proximal Endograft.
Shares of HomeAway, Inc. (NASDAQ:AWAY), inclined 0.07% to $30.76, during its current trading session.
HomeAway, Inc. (AWAY), the world’s leading online marketplace for the vacation rental industry, stated its financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Highlights
- Total revenue raised 10.1% to $125.8 million from $114.3 million in the second quarter of 2014. On an FX neutral basis, year-over-year revenue growth was 19.2%. Growth in total revenue primarily reflected an enhance in average revenue per subscription listing as a result of tiered pricing and bundled product offerings, the benefit of ancillary product and services revenue, and an enhance in listings.
- Listing revenue raised 5.6% to $99.8 million from $94.5 million in the second quarter of 2014. On an FX neutral basis, year-over-year listing revenue growth was 16.0%.
- Other revenue, which is comprised of ancillary revenue from owners, managers, and travelers, advertising, software and other items, raised 31.9% to $26.0 million from $19.7 million in the second quarter of 2014. Growth in other revenue primarily reflected raised adoption of value-added owner, manager and traveler products.
- Net loss attributable to HomeAway was $2.4 million, or a loss of $0.03 per diluted share, contrast to net income attributable to HomeAway of $3.9 million, or $0.04 per diluted share, in the second quarter of 2014.
HomeAway, Inc., together with its auxiliaries, operates an online vacation rental property marketplace that enables property owners and managers to market properties for rental to vacation travelers. The company’s portfolio comprises vacation rental Websites, such as HomeAway.com, VRBO.com, and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au and Stayz.com.au in Australia; and Bookabach.co.nz in New Zealand.
Sunoco Logistics Partners L.P. (NYSE:SXL), during its Friday’s current trading session gained 0.56% to $36.17.
ETP also owns the general partner, 100% of the incentive distribution rights, and about 67.1 million common units in Sunoco Logistics Partners L.P. (SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. Energy Transfer Equity, L.P. stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (WMB) (“Williams” or “WMB”) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.
Despite comments made by Williams administration to research analysts and WMB stockholders, ETE continues to be open to engaging in the planned alternatives process declared by Williams, but only if it is fair and evenhanded and is not designed to disadvantage ETE (and ultimately WMB shareholders) or unduly restrict ETE’s ability to pursue the projected transaction.
Regardless of whether ETE take parts in the Williams process, ETE is ready to provide confidential information to WMB without material restrictions so that WMB and its Board can understand what ETE believes to be the truly unique and compelling investment and return characteristics accessible to the Williams stockholder from this combination.
Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). It operates through four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Products Pipelines. The Crude Oil Pipelines segment transports crude oil primarily in Oklahoma and Texas. It contains about 5,300 miles of crude oil trunk pipelines, in addition to about 500 miles of crude oil gathering lines.
Finally, Tronox Ltd (NYSE:TROX), gained 1.64%, to $9.28.
Tronox Limited (TROX) stated second quarter 2015 revenue of $617 million contrast to $490 million in the second quarter 2014 and $385 million in the first quarter 2015. Adjusted EBITDA was $116 million, not taking into account $49 million of net lower of cost or market (LCM) charges, contrast to $103 million, not taking into account net non-cash LCM credits of $5 million, in the year-ago quarter and $73 million, not taking into account net non-cash LCM charges of $9 million, in the preceding quarter. Adjusted net loss attributable to Tronox Limited in the second quarter was $81 million, or $0.70 per diluted share, as compared to breakeven net income, or $0.00 per diluted share, in the year-ago quarter and a loss of $51 million, or $0.44 per diluted share, in the first quarter 2015.
Titanium Dioxide (TiO2)
TiO2 segment revenue of $409 million was 17 percent lower than $490 million in the preceding-year quarter, primarily the result of lower pigment products sales. Sales of pigment products declined 19 percent, as sales volumes declined 4 percent and average selling prices declined 16 percent (11 percent on a local currency basis). Sales volumes for pigment products rebounded in EMEA, declined in Asia-Pacific and softened modestly in North America as compared to the year-ago quarter. Sales of titanium feedstocks and co-products, counting zircon and rutile, declined 15 percent as compared to the year-ago quarter. Selling prices raised in the 4-6 percent range for titanium feedstocks. Sales volumes raised for CP titanium slag and rutile products declined. Zircon sales volumes remained at normal levels but were lower contrast to very strong sales volumes in the year-ago quarter and selling prices declined modestly.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
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