On Monday, Shares of Viggle Inc. (NASDAQ:VGGL), skyrocketed 58.65% to $3.76, following the release of the Internet-based entertainment marketing platform’s third quarter earnings results before the opening bell yesterday.
The New York City-based company stated third quarter revenue that raised 52% year over year to $5 million as nearly one million new users registered with the company during the quarter. The company said that net registered user raised to 8.95 million, more than double the 4.14 million the company had in the year ago period.
The company also stated a EBITDA loss of $8.74 million, missing analysts expectations of a $7.35 million loss, which the company attributed to a rise in marketing costs.
Viggle Inc. operates as a mobile and Web-based entertainment marketing platform for media companies, brands, and consumers in the United States. It guides users towards various forms of media consumption with television enhancement, music discovery, entertainment content publishing, and distributed viewing reminders.
Shares of American Airlines Group Inc. (NASDAQ:AAL), inclined 1.23% to $49.65, during its last trading session.
American Airlines Group, stated April 2015 and year-to-date traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) for the month were 18.1 billion, down 0.3 percent as compared to April 2014. Total capacity was 22.1 billion accessible seat miles (ASMs), up 1.3 percent as compared to April 2014. Total passenger load factor was 81.6 percent for the month of April, down 1.3 percentage points as compared to April 2014.
Based on one month of actual data and two months of forecast, the Company continues to expect its second quarter 2015 merged passenger revenue per accessible seat mile (PRASM) to be down about 4 to 6 percent. Due to the recent rise in crude oil prices, the Company is presently forecasting its second quarter fuel price to be about 10 cents higher than its previous guidance. The Company presently estimates that its second quarter fuel price will be $1.94 to $1.99 per gallon. As a result, the Company now anticipates its second quarter pretax margin not taking into account special items to be between 17 and 19 percent.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
At the end of Monday’s trade, Shares of Genworth Financial, Inc. (NYSE:GNW), gained 1.45% to $8.40.
Genworth Financial, confirmed that its wholly owned auxiliaries Brookfield Life Assurance Company Limited and Genworth Financial International Holdings, Inc. sold 92.3 million shares in Genworth Mortgage Insurance Australia Limited at A$3.08 per share, representing 14.2% of Genworth Australia.
After completion, the Vendor will hold 337.7 million shares representing about 52% of Genworth Australia, and Genworth remains a strong supporter of Genworth Australia.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
Finally, News Corporation (NASDAQ:NWSA), ended its last trade with 3.76% gain, and closed at $15.71.
News Corporation, declared that it has begun repurchasing shares of Class A Common Stock under its formerly revealed buyback program.
This marks the first time the company has bought back stock under the program since the “new” News Corp was established as a separate, publicly-traded company in mid-2013.
Future repurchases, if any, will depend on the company’s liquidity and cash flow, in addition to general market conditions and other considerations.
Since the separation of News Corporation into two companies in 2013, News Corp has pursued a strategy of digital and global growth, and has created a diverse line of businesses, bolstered by such acquisitions as Harlequin and Move, Inc.
News Corporation, a media and information services company, focuses on creating and distributing authoritative and engaging content to consumers and businesses worldwide. The company operates through News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Digital Education segments.
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