During Wednesday’s Current trade, Shares of Grand Canyon Education Inc(NASDAQ:LOPE), lost -0.29% to $39.72.
Grand Canyon Education, Inc. (LOPE), a comprehensive regionally accredited university that offers over 160 graduate and undergraduate degree programs across eight colleges both online and on ground at our 200+ acre campus in Phoenix, Arizona, recently declared financial results for the quarter ended June 30, 2015.
For the three months ended June 30, 2015:
- Net revenue raised 10.2% to $174.7 million for the second quarter of 2015, contrast to $158.6 million for the second quarter of 2014.
- End-of-period enrollment raised 9.1% to 62,935 at June 30, 2015, from 57,707 at June 30, 2014, as ground enrollment raised 10.9% to 5,254 at June 30, 2015, from 4,738 at June 30, 2014 and online enrollment raised 8.9% to 57,681 at June 30, 2015, from 52,969 at June 30, 2014.
- Operating income for the second quarter of 2015 was $42.3 million, an enhance of 11.5% as contrast to $37.9 million for the same period in 2014. The operating margin for the second quarter of 2015 was 24.2%, contrast to 23.9% for the same period in 2014.
- Adjusted EBITDA raised 7.7% to $54.3 million for the second quarter of 2015, contrast to $50.4 million for the same period in 2014.
Grand Canyon Education, Inc., together with its auxiliaries, provides postsecondary education services in the United States and Canada. It offers about 160 graduate and undergraduate degree programs in the fields of education, healthcare, business, teaching, nursing, professional, and liberal arts. The company offers its programs across eight colleges both online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
Shares of H & R Block Inc(NYSE:HRB), declined -1.57% to $35.10, during its current trading session.
H&R Block, Inc. (HRB), the world’s largest consumer tax services provider, recently declared that H&R Block, H&R Block Bank and BofI have received regulatory approvals from the Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) to proceed with the purchase and assumption agreement formerly declared on April 10, 2014. Under the agreement, H&R Block Bank has agreed to sell certain assets and transfer certain liabilities, counting all of its deposit liabilities, to BofI.
H&R Block anticipates the ongoing annual net financial impact to be dilutive by about $0.08 to $0.10 per share starting in fiscal year 2016. The company also anticipates to incur one-time charges for transaction and related costs of about $0.02 to $0.03 per share in fiscal year 2016. All per share amounts are based on current fully diluted shares outstanding.
H&R Block, Inc., through its auxiliaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees; and online tax services, such as tax advice, professional and do-it-yourself (DIY) tax return preparation, and electronic filing services through its Website hrblock.com.
Travelers Companies Inc(NYSE:TRV), during its Wednesday’s current trading session decreased -1.18% to $104.64.
Travelers Companies Inc (TRV) declared that Alan D. Schnitzer will succeed Jay S. Fishman as Chief Executive Officer, effective December 1, 2015, and has been designated to the company’s Board of Directors, effective the same date. Fishman will become Executive Chairman following Schnitzer’s assumption of the CEO role.
Schnitzer, 49, is Chief Executive Officer of Travelers’ Business and International Insurance, the company’s largest business segment. Formerly, he headed the company’s Financial, Professional and International Insurance segment. In addition to his business line responsibilities, Schnitzer oversees Travelers’ Field Administration, Corporate Communications and Public Policy organizations.
The Travelers Companies, Inc., through its auxiliaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. It operates in three segments: Business and International Insurance; Bond & Specialty Insurance; and Personal Insurance.
Finally, Sigma-Aldrich Corporation(NASDAQ:SIAL), decreased -0.01%, to $139.66.
Sigma-Aldrich (SIAL) Reports Q2 2015 Sales Of $697 Million And Adjusted Diluted EPS Of $1.01.
HIGHLIGHTS:
Q2 2015 Results (all changes are against the comparable period in 2014)
- Stated sales were $697 million contrast to $701 million in the second quarter of 2014. Sales grew organically by 8%, and changes in foreign currency exchange rates reduced sales by 9%. Recent acquisitions raised sales by 1%.
- By business unit, organic sales growth was 6% in Research, 8% in Applied and 11% in SAFC Commercial.
- Stated diluted EPS was $0.98 contrast to $1.11 in the second quarter of 2014. Adjusted diluted EPS (not taking into account $4 million of pre-tax merger-related costs in the second quarter of 2015) was $1.01. Changes in foreign currency exchange rates reduced second quarter 2015 adjusted diluted EPS by $0.17. Not taking into account this impact, adjusted diluted EPS would have been $1.18, an enhance of 6% from the comparable period last year.
Q2 2015 RESULTS:
Stated sales for the second quarter of 2015 were $697 million, essentially flat from the same quarter in 2014. Organic sales growth in the quarter was 8%, but changes in foreign currency exchange rates reduced sales by 9%. Acquisitions raised sales by 1%.
Stated sales of the Research business unit ($340 million in sales, 49% of overall sales) declined by 5% from the second quarter of 2014 due to an 11% reduction in stated sales caused by changes in foreign currency exchange rates. Organic sales growth was 6%. All three segments (Academic/Government/Hospitals, Pharma and Dealers) and all major geographies (Total Americas, EMEA and APAC) contributed to organic sales growth during the quarter.
Sigma-Aldrich Corporation, a life science and high technology company, develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment products worldwide. The company provides chemical products, reagents, and kits and services are used in scientific research, counting genomic and proteomic research, biotechnology, pharmaceutical development, and diagnosis of disease; and as key components in pharmaceutical, diagnostics, and high technology manufacturing. It offers media and critical raw materials for industrial cell culture, contract manufacturing services, pharmaceutical safety testing services, and organometallic precursors for semiconductor manufacturing.
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