On Friday, Cray Inc. (NASDAQ:CRAY)’s shares declined -1.29% to $25.94.
Global supercomputer leader Cray Inc. ( CRAY ) declared financial results for the second quarter ended June 30, 2015.
All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is comprised of in the financial tables in this press release.
Revenue for the second quarter was $186.2 million, which compares with $85.1 million in the second quarter of 2014. Net income for the second quarter was $5.8 million, or $0.14 per diluted share, contrast to a net loss of $6.7 million, or $0.18 per diluted share in the second quarter of 2014. Non-GAAP net income was $12.4 million, or $0.30 per diluted share for the second quarter, contrast to non-GAAP net loss of $8.6 million, or $0.22 per diluted share for the same period last year.
Overall gross profit margin for the second quarter of 2015 was 27%, contrast to 34% for the second quarter of 2014. Total non-GAAP gross profit margin for the second quarter of 2015 was 27%, contrast to 35% for the second quarter of 2014.
Cray Inc., together with its auxiliaries, designs, develops, manufactures, markets, and services high-performance computing (HPC) systems. The company operates through Supercomputing, Storage and Data Administration, Maintenance and Support, and Engineering Services and Other segments. It offers a range of supercomputing systems, counting the Cray XC40, CS400-AC, CS400-LC, and CS-Storm supercomputers.
Kohl’s Corporation (NYSE:KSS)’s shares dropped -0.33% to $61.32.
Kohl’s Department Stores (KSS) is proud to feature beloved children’s books from author Laura Numeroff accessible now through September, at Kohl’s stores nationwide and on Kohls.com. Each Kohl’s Cares® item is priced at just $5, with 100 percent of the net profit supporting children’s health and education initiatives nationwide. The sweet stories and coordinating soft toys, lunch box and activity workbook are sure to delight young readers everywhere, and are accessible at an incredible value.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices. As of March 03, 2015, it operated 1,162 department stores in 49 states Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
At the end of Friday’s trade, Tsakos Energy Navigation Ltd. (NYSE:TNP)‘s shares surged -4.90% to $9.12.
Tsakos Energy Navigation Limited (TEN) (TNP)
SIX MONTHS AND RECENT HIGHLIGHTS
- Net income in the second quarter 2015 of $41.3 million ($0.45 per basic and diluted share) contrast to $0.2 million in second quarter 2014.
- Net income for the first six months 2015 of $78.6 million ($0.86 per basic and diluted share) contrast to $14.8 million for the first six months of 2014..
- EBITDA of $76.4 million for the second quarter 2015 against $34.1 million in the 2014 second quarter, a 124% year-on-year enhance.
- EBITDA of $148.0 million for the first six months of 2015 against $83.0 million in the 2014 first six months, a 78.0% enhance.
- Cash at $288.0 million at June 30, 2015.
- Time charter equivalent raised by 55.7% to $26,721 per day in second quarter 2015 as compared to $17,163 per day in second quarter 2014.
- 73% of remaining days in 2015 accessible recently for spot or spot related contracts.
- Full fleet utilization of 98.5% for six-months after dry-dockings.
Tsakos Energy Navigation Limited provides international seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services to national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 8, 2015, it had a fleet of 50 vessels, which comprised of 1 VLCC, 14 suezmaxes, 11 aframaxes, 9 panamaxes, 6 handymaxes, 8 handysizes, and 1 liquefied natural gas carrier. Tsakos Energy Navigation Limited has a planned partnership with Statoil for the crude oil tanker new buildings.
Sanchez Energy Corp (NYSE:SN), ended its Friday’s trading session with -1.48% loss, and closed at $7.33.
Sanchez Energy Corp (SN) declared the appointment of Jaime Brito as Senior Vice President of Investor Relations, effective June 15, 2015.
Mr. Brito brings more than 20 years of financial and operating experience in the energy sector. Prior to this appointment, Mr. Brito served in various operational roles at Rosetta Resources Inc. counting Forecasting, Regulatory Affairs, GIS Systems and Supply Chain Administration. He has also served in several investor relation positions while at Mariner Energy, Inc. and Halliburton. Mr. Brito earned Bachelor of Science and Master of Science degrees in Civil and Environmental Engineering from Massachusetts Institute of Technology and a Master of Business Administration from Rice University.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast. It has about 226,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale in South Texas; and about 69,000 net leasehold acres in the Tuscaloosa Marine Shale in Mississippi and Louisiana.
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