On Friday, Following U.S. Stocks were among the “Top Losers”: Resolute Energy Company (NYSE:REN), Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ:QTWW), Citi Trends, Inc. (NASDAQ:CTRN), Continental Building Products, Inc. (NYSE:CBPX)
Resolute Energy Corp (NYSE:REN), with shares declined -11.98%, closed at $0.624.
Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW), with shares dropped -11.15%, settled at $2.55.
Citi Trends, Inc (NASDAQ:CTRN), with shares dipped -10.22%, and closed at $23.73.
Continental Building Products Inc (NYSE:CBPX), plummeted -8.72%, and closed at $18.95.
Latest NEWS regarding these Stocks are depicted underneath:
Resolute Energy Company (NYSE:REN)
Formerly on March 5, Resolute Energy Corporation (REN), stated a loss of $17.1 million in its fourth quarter. On a per-share basis, the Denver-based corporation said it had a loss of 23 cents. Losses, adjusted for non-recurring costs, were 8 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The independent oil and gas corporation posted proceed of $65.9 million in the period, missing Street forecasts. Five analysts surveyed by Zacks predictable $76.7 million.
For the year, the corporation stated that its loss narrowed to $21.9 million, or 30 cents per share. Proceed was stated as $329.4 million.
The corporation’s shares closed at 88 cents. A year ago, they were trading at $9.31.
Resolute Energy Corporation, an independent oil and gas corporation, attains, explores for, develops, and produces oil, gas, and hydrocarbon liquids. It holds interest in the Aneth Field covering about 43,000 gross acres located in the Paradox Basin in southeast Utah; and 36,500 gross acres in the Permian Basin of Texas and southeast New Mexico.
Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ:QTWW)
Quantum Fuel Systems Technologies Worldwide Inc. (QTWW), stated its financial results for the fourth quarter of 2014.
Fourth Quarter Highlights:
- Overall proceeds of $13.0 million and $34.1 million stated for the quarter and full year 2014
- Product sales of $11.1 million for the fourth quarter, more than double the amount of product sales stated for the third quarter; driven by continued execution of storage systems strategy
- Fourth quarter marked continuation of noteworthy evolving product mix; shifting from sales of stand-alone CNG tank vessels to delivering additional value as a supplier of CNG fuel storage modules that integrate the Corporation’s industry leading CNG tanks in a complete packaged CNG system
- Reached a software license and development contract with Fisker Automotive and Technologies Group to support the re-launch of Karma vehicle
- Backlog for products, contract services and software license fees raised during the fourth quarter by $7.1 million to $29.6 million, of which $17.8 million is associated with product orders
- Expect strong overall proceed growth in 2015
Operating and Net Loss - Fourth Quarter and Calendar Year:
The Corporation stated operating losses for its ongoing operations of $3.6 million and $12.7 million for the fourth quarter and full year in 2014, as contrast to operating revenue of $0.5 million and an operating loss of $6.7 million stated for the same periods in 2013, respectively. The decline in the 2014 periods mainly resulted from the lower gross margins realized on product shipments in the current year and the gain recognized in 2013 under the General Motors Impala development program.
The Corporation stated net losses of $4.3 million and $14.9 million for the fourth quarter and full year in 2014, as contrast to net losses of $6.0 million and $23.0 million stated for the same periods in 2013, respectively.
Quantum Fuel Systems Technologies Worldwide, Inc. develops, produces, and sells natural gas fuel storage systems; and integrates vehicle system technologies in the United States, Germany, Canada, India, Spain, and Taiwan.
Citi Trends, Inc. (NASDAQ:CTRN)
Citi Trends, Inc. (CTRN), declared that Ed Anderson is retiring as CEO, effective March 21, 2015. Jason Mazzola, presently Executive Vice President and Chief Merchandising Officer, will become President and Chief Executive Officer effective March 22, 2015 and has been designated to the Board of Directors, effective right away. Additionally, Bruce Smith, the Corporation’s Executive Vice President and Chief Financial Officer, will also become its Chief Operating Officer.
Mr. Anderson will continue as an employee of the Corporation, serving as Executive Chairman of the Board, in order to provide for an orderly transition of the Chief Executive Officer role. He will serve as advisor and counselor to Mr. Mazzola and will continue to serve as Chairman of the Corporation’s Real Estate Committee. Mr. Anderson will also provide broad oversight of the Corporation’s operations for the Board and Mr. Mazzola will report directly to him.
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Corporation operates 513 stores located in 29 states.
Continental Building Products, Inc. (NYSE:CBPX)
Continental Building Products, Inc. (CBPX), declared that its largest stockholder, an associate of Lone Star Funds (the “Selling Stockholder”) intends to offer for sale in an underwritten secondary offering 5,000,000 shares of its ordinary stock following the Corporation’s shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriter has a 30-day option to purchase up to an additional 750,000 shares of ordinary stock from the Selling Stockholder. The Selling Stockholder will receive all of the proceeds from this offering. No shares are being sold by the Corporation. The last stated sale price of the Corporation’s ordinary stock on March 12, 2015 was $20.76 per share. The offering is predictable to close on March 18, 2015, subject to customary closing conditions.
Credit Suisse Securities (USA) LLC will act as the underwriter for the offering.
Continental Building Products, Inc. manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The Corporation is headquartered in Herndon, Virginia.
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