What Is Press Release?
A press statement is information provided to reporters. This is an official declaration or account of a news story that is specially prepared and provided to newspapers and other news media for them to make known to the public.
The use of press releases is common in the field of public relations (PR). In general, the aim is to attract favorable media attention to the PR professional’s client and/or offer publicity for products or events marketed by those clients. A press release offers reporters with an information grant containing the basics needed to develop a news story. Press releases can declare a range of news items, such as planned events, personal promotions, awards, new products and services, sales and other financial data, accomplishments, etc. They are often used in generating a feature story or are sent for the purpose of declaring news conferences, imminent events or a change in corporation. Uncritical use or overuse of press releases by journalists has been dubbed churnalism.
What Is Financial Results?
The financial result is the difference between earnings before interest and taxes and earnings before taxes. It is determined by the earning or the loss which results from financial affairs.
For most trade companies the financial result is negative, as the interest charged on borrowing generally surpasses revenue from investments (dividends). If a corporation records a positive financial Result over several periods, then one has to ask how much capital is endowed at which interest rate, and if this capital would not bear a bigger yield if it were empowered in the company’s growth. In case of constant, positive financial results a corporation also has to deal with growing demands for special distributions to its shareholders.
Following are depicted the press releases regarding few well-known companies:
Career Education Corp (NASDAQ:CECO), dipped -14.76%, and closed at $5.34, during the last trading session, following the press release that Career Education Corp (NASDAQ:CECO), will report fourth quarter and fiscal year 2014 financial results after the market close on Tuesday, March 3, 2015, and will host a conference call that same day at 5:00 p.m. Eastern time.
Career Education Corp (NASDAQ:CECO), operates schools and universities that provide education to student population in various career-oriented disciplines through online, on-ground, and hybrid learning program offerings in the United States.
Heartland Payment Systems, Inc (NYSE:HPY), declined -10.36%, and closed at $49.42, during the last trading session, after Heartland Payment Systems, Inc (NYSE:HPY), declared Adjusted Net Loss and Adjusted Loss per share from ongoing operations of $15.2 million and $0.42 per share, respectively, for the quarter ended December 31, 2014, contrast to Adjusted Net Income and Adjusted Earnings per share from ongoing operations of $20.5 million and $0.55, respectively, for the quarter ended December 31, 2013.
Heartland Payment Systems, Inc (NYSE:HPY), provides card payment processing services in the United States. It offers end-to-end electronic payment processing services to merchants by facilitating the exchange of information and funds between them and cardholders financial institutions; and undertakes merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk administration services.
Corinthian Colleges, (NASDAQ:COCO), drowned -27.59% to settle at $0.0210, during the last trading session, soon after Corinthian Colleges, (NASDAQ:COCO), received a letter on February 5, 2015 from The NASDAQ Stock Market notifying the Company that trading of the Company’s ordinary stock will be suspended from The NASDAQ Capital Market at the opening of business on February 17, 2015 and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq, as a result of its failure to comply with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Rule requires timely filing of periodic reports with the SEC and the Company has not timely filed its Annual Report on Form 10-K for its fiscal year ended June 30, 2014 and its Quarterly Reports on Form 10-Q for its fiscal quarters ended September 30, 2014 and December 31, 2014. The Company was formerly granted an exception by Nasdaq until January 30, 2015 to regain compliance with the Rule, however the Company has not been able to file these periodic reports.
Corinthian Colleges, (NASDAQ:COCO), operates as a post-secondary education company. The company offers various diploma programs, in addition to associate, bachelors, and masters degrees. It also provides training program in healthcare, criminal justice, business, mechanical, trades, and information technology areas.
Zulily Inc (NASDAQ:ZU), dropped -2.07%, and closed at $14.22, hitting new 52-week low of $14.05 during the last trading session, as Zulily Inc (NASDAQ:ZU), on February 11, stated financial results for its fourth quarter and full fiscal year ended December 28, 2014.
Key Financial Highlights:
- Fourth Quarter and Full Year 2014 net sales raised to $391.3 million and $1.2 billion, up 52% and 72% year over year, respectively.
- Fourth Quarter and Full Year 2014 non-GAAP adjusted EBITDA raised to $20.3 million and $43.7 million, contrast to $17.8 million and $27.0 million, respectively, in the preceding year.
- Fourth Quarter and Full Year 2014 net revenue was $10.9 million and $14.9 million, contrast to $12.8 million and $12.9 million, respectively, in the preceding year.
- At the end of the Full Year 2014, cash, cash equivalents, and short-term investments totaled $373.8 million.
- The Board of Directors has authorized the repurchase of up to $250 million of zulily’s ordinary stock over the next 24 months.
Zulily Inc (NASDAQ:ZU), operates as an online retailer. The company operates through two segments, North America and the United Kingdom. It provides various merchandise products to moms purchasing for their children, themselves, and their homes, counting children’s and women’s apparel comprising accessories and shoes.
Shutterstock Inc (NYSE:SSTK), declined -4.64%, and closed at $56.49, during the last trading session, after Shutterstock Inc (NYSE:SSTK), declared financial results for the fourth quarter and full year ended December 31, 2014.
- Income for the fourth quarter of 2014 was $91.2 million, a 34% raise from $68.0 million in the fourth quarter of 2013. Currency-adjusted income growth in the fourth quarter was 36%. Income for the full year was $328.0 million, a 39% raise from $235.5 million in 2013. Currency-adjusted income growth for the full year was 40%.
- Net income for the fourth quarter of 2014 was $7.0 million as contrast to $7.9 million in the fourth quarter of 2013. Net income accessible to ordinary stockholders for the fourth quarter of 2014 was $7.0 million or $0.19 per share on a fully diluted basis as contrast to $7.8 million or $0.22 per share on a fully diluted basis in the fourth quarter of 2013. The decrease in net income was caused primarily by a raise in non-cash equity-based compensation expense.
Shutterstock Inc (NYSE:SSTK), operates an online marketplace for commercial digital imagery. The company offers various photographs covering various subjects, such as animals/wildlife, the arts, backgrounds/textures, beauty/fashion, buildings/landmarks, business/finance, celebrities, education, food and drink, healthcare/medical, holidays, nature, objects, people, religion, science, sports/recreation, technology, and transportation; illustrations and vector art images; and video footage for users engaged in producing video advertisements, commercial motion pictures, television programming, video games, interactive applications, and other video-based media.
