On Wednesday, Toll Brothers Inc (NYSE:TOL)’s shares inclined 3.11% to $37.19.
Toll Brothers, Inc. (TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, recently declared results for its third quarter and nine months ended July 31, 2015.
FY 2015 Third Quarter Financial Highlights:
- FY 2015’s third-quarter net income was $66.7 million, or $0.36 per share diluted, contrast to net income of $97.7 million, or $0.53 per share diluted, in FY 2014’s third quarter.
- Pre-tax income was $107.5 million, contrast to pre-tax income of $151.3 million in FY 2014’s third quarter. Comprised of in FY 2015’s third-quarter cost of sales were impairments of $18.0 million and a $4.9 million net enhance in reserves, contrast to impairments of $6.0 million and a reserve reversal of $7.0 million in FY 2014’s third quarter.
- Revenues of $1.03 billion and home building deliveries of 1,419 units declined 3% in dollars and 2% in units, contrast to FY 2014’s third quarter. The average price of homes delivered was $724,000, contrast to $732,000 in FY 2014’s third quarter.
- Net signed contracts of $1.23 billion and 1,479 units rose 30% in dollars and 12% in units, contrast to FY 2014’s third quarter. The average price of net signed contracts was $834,000, the highest quarterly average in the Company’s history, contrast to $717,000 in FY 2014’s third quarter, driven by an enhance in the number and average price of California contracts.
- For the first four weeks of August, the start of the Company’s FY 2015 fourth quarter, net contracts were up 16% in units contrast to the same period in FY 2014.
Toll Brothers, Inc., together with its auxiliaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the Unites States. It is also involved in building and selling homes in urban infill markets. In addition, the company owns, develops, and operates golf courses and country clubs that are associated with various planned communities; and acquires and develops commercial and apartment properties.
Koninklijke Philips NV (ADR) (NYSE:PHG)’s shares gained 1.96% to $25.55.
Royal Philips (NYSE: PHG) launched the 3rd Annual “ISRRT Dosewise Radiographer of the Year” contest to further enhance awareness about the risks of radiation dose exposure during diagnostic image testing. The annual contest, conducted in partnership with the International Society of Radiographers and Radiological Technologists (ISRRT), recognizes dose-conscious radiographers from around the world for their contribution in improving dose tracking and measurement and efforts toward overall radiation dose reduction.
As one of the early pioneers of radiation dose administration solutions, Philips extended its leadership with the launch of the DoseWise Portal, a comprehensive radiation dose administration software solution that monitors dose exposure risk for patients and clinicians. It allows providers to proactively record, analyze and monitor imaging radiation dose for patients and clinicians across multiple diagnostic settings. The solution automates monitoring and tracking, facilitating compliance with reform and accreditation requirements. The “ISRRT Dosewise Radiographer of the Year” contest is geared to encourage innovation and generate new ways to manage radiation dose risk.
Koninklijke Philips N.V. engages in healthcare, consumer lifestyle, and lighting businesses worldwide. It provides various integrated clinical solutions, counting radiation oncology and portfolio administration; computed tomography, magnetic resonance imaging, and molecular imaging products; digital X-ray and mammography products; interventional X-ray products in cardiology, radiology, surgery, and other areas; and ultrasound products.
At the end of Wednesday’s trade, xG Technology Inc (NASDAQ:XGTI)‘s shares dipped -24.34% to $0.401.
xG Technology, Inc (XGTI) declared its results for the second quarter ended June 30, 2015.
Key Recent Accomplishments
Received order for about $309,000 for xMax mobile broadband wireless equipment and services which will be integrated into a dedicated Telemedicine/Telehealth Systems Network Infrastructure. The initial network—Phase 1—will be built out in St. George’s, the capital of Grenada, with a Network Operations Center (NOC) capable of supporting regional expansion and growth throughput CARICOM, the community of 15 nations and dependencies located in the Caribbean.
Received an order for about $100,000 in xMax mobile broadband wireless equipment and services and successfully installed and accomplished initial deployment of an xMax broadband network in Escazu, Costa Rica from Itellum, LLC, representing the first stage of xMax network deployments that are predictable to cover additional areas of Costa Rica, with plans for expansion into other Latin American locations. Subsequently received a follow-on order for about $58,000 in xMax mobile broadband wireless equipment and services from Itellum, LLC to further expand the installed footprint.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
Penn Virginia Corporation (NYSE:PVA), ended its Wednesday’s trading session with 0.89% gain, and closed at $1.13.
Penn Virginia Corporation (PVA) declared that it has engaged Jefferies LLC to provide financial advice generally and to act as its exclusive financial advisor in connection with asset-level financing transactions with investors related to the Company’s Eagle Ford assets. As part of its general advisory services, Jefferies will also assist the Company evaluate planned alternatives with respect to its Eagle Ford assets and their development and will provide the Company with other financial advice and financial planning assistance.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The company’s operations comprise the drilling of unconventional horizontal development wells in the Eagle Ford Shale in South Texas. It also has operations in the Granite Wash in Oklahoma, and the Haynesville Shale and Cotton Valley in East Texas.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
