During Monday’s Morning trade, Shares of UnitedHealth Group Inc (NYSE:UNH), lost -0.70% to $114.05.
The UnitedHealth Group board of directors, at its meeting on November 5, 2015, authorized payment of a quarterly shareholder dividend of $0.50 per share in the fourth quarter of 2015. The dividend will be paid on December 15, 2015, to all shareholders of record of UnitedHealth Group common stock as of the close of business December 4, 2015.
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s United Healthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
Shares of Kindred Healthcare, Inc. (NYSE:KND), inclined 1.76% to $13.28, during its current trading session.
Kindred Healthcare, declared that Benjamin A. Breier, President and Chief Executive Officer, will make a presentation regarding the Company at the Ventas, Inc. (VTR) Investor Day in Louisville, Kentucky, on Tuesday, November 10, 2015, at 12:45 p.m. Eastern Time.
Kindred Healthcare, Inc. provides healthcare services in the United States. It operates in four divisions: Hospital, Nursing Center, Rehabilitation, and Care Administration. The Hospital division operates transitional care hospitals that provide services for medically complex patients, counting the critically ill, suffering from multiple organ system failures, primarily the cardiovascular, pulmonary, kidney, gastro-intestinal, and cutaneous systems.
Finally, Shares of Michael Kors Holdings Ltd (NYSE:KORS), lost -0.23%, and is now trading at $43.37.
Michael Kors Holdings Limited, declared its financial results for the fiscal 2016 second quarter ended September 26, 2015.
For the second quarter ended September 26, 2015:
- Total revenue raised 6.9% to $1.13 billion from $1.06 billion in the second quarter of fiscal 2015. On a constant currency basis, total revenue raised 12.3%.
- Retail net sales raised 7.5% to $532.8 million driven by 116 net new store openings since the end of the second quarter of fiscal 2015 and e-commerce sales from the Company’s North America digital flagships, partially offset by an 8.5% decrease in comparable store sales. On a constant currency basis, retail net sales grew 14.7%, and comparable store sales reduced 3.4%. Wholesale net sales raised 7.8% to $554.0 million and on a constant currency basis, wholesale net sales grew 11.8%. Licensing revenue reduced 8.1% to $43.2 million.
- Total revenue in the Americas raised 4.5% to $838.2 million on a stated basis and raised 5.6% on a constant currency basis. European revenue grew 2.3% to $243.4 million on a stated basis, and grew 20.6% on a constant currency basis. Revenue in Japan raised 36.1% to $22.4 million on a stated basis, and raised 60.7% on a constant currency basis.
- Gross profit raised 3.0% to $664.4 million, and as a percentage of total revenue was 58.8%. Gross profit margin was reduced by about 89 basis points due to the change in foreign currency exchange rates. This compares to 61.0% in the second quarter of fiscal 2015.
- Income from operations was $273.1 million, or 24.2% as a percentage of total revenue. This compares to $305.6 million, or 28.9% as a percentage of total revenue, for the second quarter of fiscal 2015.
- Net income was $193.1 million, or $1.01 per diluted share, based on a 28.9% tax rate and 191.5 million weighted average diluted shares outstanding, which comprised an unfavorable impact related to foreign currency exchange rates of about $0.06 per share. Net income for the second quarter of fiscal 2015 was $207.0 million, or $1.00 per diluted share, based on a 31.9% tax rate and 207.4 million weighted average diluted shares outstanding.
- At September 26, 2015, the Company operated 589 retail stores, counting concessions, contrast to 473 retail stores, counting concessions, at the end of the same preceding-year period. The Company had 215 additional retail stores, counting concessions, operated through licensing partners. Counting licensed locations, there were 804 Michael Kors stores worldwide at the end of the second quarter of fiscal 2016.
Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of womens apparel; accessories, which comprise handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances and beauty, and eyewear.