On Monday, in the course of current trade, Shares of Agnico Eagle Mines Ltd (USA) (NYSE:AEM), dropped -0.86%, and is now trading at $21.94.
Agnico Eagle Mines Limited, stated quarterly net income of $10.1 million , or net income of $0.05 per share for the second quarter of 2015. This result comprises non-recurring losses of $12.9 million ( $0.06 per share), unrealized gains on financial instruments of $9.4 million ( $0.04 per share), non-cash foreign currency translation losses of $4.8 million ( $0.02 per share), non-cash stock option expense of $4.1 million ( $0.02 per share), a non-cash foreign currency translation gain on deferred tax liabilities of $3.2 million ( $0.01 per share) and various mark-to-market and other adjustment gains of $0.8 million ( $0.01 per share). Not taking into account these items would result in adjusted net income of $18.5 million or adjusted net income of $0.09 per share for the second quarter of 2015. In the second quarter of 2014, the Company stated net income of $22.2 million or net income of $0.12 per share.
For the first six months of 2015, the Company stated net income of $38.8 million , or $0.18 per share. This compares with the first six months of 2014 when net income was $119.3 million , or $0.66 per share. Financial results in the 2015 period were negatively influenced by lower gold prices (about 8% lower) and lower by-product metals revenues.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, in addition to for silver, copper, zinc, and lead.
During mid-morning trade, Shares of American Capital Agency Corp. (NASDAQ:AGNC), climbed 0.42%, and is now trading at $19.33.
American Capital Agency Corp., stated a comprehensive loss for the second quarter of 2015 of $(0.97) per common share and net book value of $24.00 per common share. Economic loss for the period, defined as dividends per common share and the change in net book value (“NAV”) per common share, was -3.6% for the quarter, or -14.3% on an annualized basis.
SECOND QUARTER 2015 FINANCIAL HIGHLIGHTS
- $(0.97) comprehensive loss per common share, comprised of:
- $1.43 net income per common share
- $(2.40) other comprehensive loss (“OCI”) per common share
- Comprises net unrealized losses on investments marked-to-market through OCI
- $0.60 net spread and dollar roll income per common share, not taking into account estimated “catch-up” premium amortization benefit
- Comprises $0.15 per common share of dollar roll income associated with the Company’s $6.0 billion average net long position in forward purchases and sales of agency mortgage-backed securities (“MBS”) in the “to-be-declared” (“TBA”) market
- Excludes $0.10 per common share of estimated “catch-up” premium amortization benefit due to change in projected constant prepayment rate (“CPR”) estimates
- $24.00 net book value per common share as of June 30, 2015
- Reduced $(1.53) per common share, or -6.0%, from $25.53 per common share as of March 31, 2015
- $0.62 dividend declared per common share during the quarter
- 5% annualized dividend yield based on June 30, 2015 closing stock price of $18.37 per common share
- -3.6% economic loss on common equity for the quarter, or -14.3% annualized
- Comprised of $0.62 dividend per common share and $(1.53) decrease in net book value per common share
- 0 million shares of common stock repurchased during the quarter
- Represents 1% of common shares outstanding as of March 31, 2015
- $19.86 per share average repurchase price, inclusive of transaction costs
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency.
Shares of Mattel, Inc. (NASDAQ:MAT), during its Monday’s current trading session fell -1.68%, and is now trading at $22.82.
For the second quarter of 2015, Mattel stated flat worldwide net sales in constant currency, adjusted operating income of $23.0 million and adjusted earnings per share of $0.01.
“In the second quarter, we made solid progress as we work to return Mattel to improved growth and profitability,” said Christopher Sinclair, Mattel Chairman, and CEO. “Our financial results in the quarter largely met our expectations, and we are encouraged by improved performance across our core brands, in addition to strong momentum in emerging markets like China and Russia. Although we are still early in our turnaround effort, I believe we are taking all the right steps to be more competitive in the growing global toy industry.”
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman.
Finally, Las Vegas Sands Corp. (NYSE:LVS), lost -0.80% Monday.
Las Vegas Sands Corp., stated financial results for the quarter ended June 30, 2015.
Second Quarter Overview
Mr. Sheldon G. Adelson, chairman and chief executive officer, said, “While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of one billion U.S. dollars of Adjusted Property EBITDA during the quarter and weather this cyclical downturn better than the industry overall. Despite the current headwinds in the Macao market, we remain sharply focused on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model.
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People’s Republic of China.
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