On Wednesday, Tronox Ltd (NYSE:TROX)’s shares declined -2.17% to $7.20.
Tronox Limited (TROX) stated second quarter 2015 revenue of $617 million contrast to $490 million in the second quarter 2014 and $385 million in the first quarter 2015. Adjusted EBITDA was $116 million, not taking into account $49 million of net lower of cost or market (LCM) charges, contrast to $103 million, not taking into account net non-cash LCM credits of $5 million, in the year-ago quarter and $73 million, not taking into account net non-cash LCM charges of $9 million, in the preceding quarter. Adjusted net loss attributable to Tronox Limited in the second quarter was $81 million, or $0.70 per diluted share, as compared to breakeven net income, or $0.00 per diluted share, in the year-ago quarter and a loss of $51 million, or $0.44 per diluted share, in the first quarter 2015.
Titanium Dioxide (TiO2)
TiO2 segment revenue of $409 million was 17 percent lower than $490 million in the preceding-year quarter, primarily the result of lower pigment products sales. Sales of pigment products declined 19 percent, as sales volumes declined 4 percent and average selling prices declined 16 percent (11 percent on a local currency basis). Sales volumes for pigment products rebounded in EMEA, declined in Asia-Pacific and softened modestly in North America as compared to the year-ago quarter. Sales of titanium feedstocks and co-products, counting zircon and rutile, declined 15 percent as compared to the year-ago quarter. Selling prices raised in the 4-6 percent range for titanium feedstocks. Sales volumes raised for CP titanium slag and rutile products declined. Zircon sales volumes remained at normal levels but were lower contrast to very strong sales volumes in the year-ago quarter and selling prices declined modestly.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
MFA Financial, Inc. (NYSE:MFA)’s shares gained 0.43% to $7.06.
MFA Financial, Inc. (MFA) declared that in accordance with the terms of its 7.50% Series B Cumulative Redeemable Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.46875 per share for the quarter ending September 30, 2015. This dividend is payable on September 30, 2015, to preferred stockholders of record as of September 9, 2015.
MFA Financial, Inc., a real estate investment trust (REIT), invests in residential agency and non-agency mortgage-backed securities (MBS), and residential whole loans in the United States (the U.S.). Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, in addition to by mortgages that have interest rates that reset more frequently.
At the end of Wednesday’s trade, Ventas, Inc. (NYSE:VTR)‘s shares surged 0.33% to $54.45.
Ventas, Inc. (VTR) (“Ventas”), a leading real estate investment trust focused on healthcare and seniors housing, said recently that its Chairman and Chief Executive Officer Debra A. Cafaro was honored recently by Modern Healthcare Magazine as one of the top 25 women in healthcare. This is the second time Ms. Cafaro has been recognized by Modern Healthcare for her influence and stature in the healthcare industry.
Ms. Cafaro accepted Modern Healthcare’s recognition on behalf of her Ventas colleagues and customers. Ms. Cafaro and the other women recognized by Modern Healthcare were honored at a dinner in Nashville, Tennessee Thursday evening.
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities counting hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities.
Voya Financial Inc (NYSE:VOYA), ended its Wednesday’s trading session with 1.18% gain, and closed at $41.92.
Voya Financial, Inc. (VOYA), declared the following financial results for the second quarter of 2015:
- After-tax operating earnings1,2 of $179 million, or $0.78 per diluted share, contrast with $213 million, or $0.83 per diluted share in the second quarter of 20143. The following items primarily accounted for this change:
- $8 million, after-tax, of lower adjusted operating earnings from the Ongoing Business
- $11 million, after-tax, higher operating loss in the Corporate segment
- $5 million, after-tax, of negative DAC/VOBA and other intangibles unlocking contrast with $7 million, after-tax, of positive DAC/VOBA and other intangibles unlocking in the second quarter of 2014
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services in corporate, education, healthcare, and government markets; and rollover individual retirement accounts and other retail financial products, in addition to financial advisory services to individual customers.
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.
