On Thursday, XOMA Corp (NASDAQ:XOMA)’s shares showed no change to $0.832.
XOMA Corporation (XOMA), offered a corporate update and stated its financial results for the quarter ended June 30, 2015.
Financial Results
XOMA stated total revenues of $2.5 million in the second quarter ended June 30, 2015, contrast with $6.0 million in the corresponding period of 2014. The reduction in 2015 revenues reflects lower activity under the Company’s existing contracts with National Institute of Allergy and Infectious Diseases (NIAID) for the development of anti-botulism agents.
Research and development (R&D) expenses for the second quarter of 2015 were $19.7 million, contrast with $19.6 million in the corresponding period of 2014.
Selling, general and administrative (SG&A) expenses were $5.1 million in the second quarter of 2015, as contrast to $5.2 million in the corresponding quarter of 2014.
XOMA Corporation discovers and develops antibody-based therapeutics in the United States, Europe, and the Asia Pacific. The company’s lead product candidate comprises gevokizumab, a proprietary humanized allosteric-modulating monoclonal antibody that binds to the inflammatory cytokine interleukin-1 beta, which is in Phase III clinical trial for NIU and Behçets disease uveitis, pyoderma gangrenosum, active non-infectious anterior scleritis, autoimmune inner ear disease, and cardiovascular diseases, in addition to diseases under the neutrophilic dermatoses designation, Schnitzler syndrome, and other diseases; and various proof-of-concept studies comprising polymyositis/dermatomyositis, Schnitzler syndrome, and giant cell arteritis.
Memorial Resource Development Corp (NASDAQ:MRD)’s shares gained 0.16% to $19.37.
Memorial Resource Development Corp. (MRD) declared its operating and financial results for the three months ended June 30, 2015.
Financial highlights from second quarter 2015 comprise:
- Raised average daily production 39% to 268 MMcfe/d for the second quarter 2015 contrast to 193 MMcfe/d for the second quarter 2014.
- Stated Adjusted EBITDA(1) of $82.8 million for the second quarter 2015 contrast to $81.5 million for the second quarter 2014.
- Stated Adjusted Net Income(1) of $17.3 million for the second quarter 2015 contrast to $40.2 million for the second quarter 2014.
Memorial Resource Development Corp., an independent natural gas and oil company, focuses on the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties primarily in North Louisiana. As of December 31, 2014, the company held leasehold interest in 210,854 net acres; and had estimated proved reserves of about 1,632 billion cubic feet of natural gas equivalent. The company was founded in 2011 and is based in Houston, Texas.
At the end of Thursday’s trade, Allstate Corp (NYSE:ALL)‘s shares dipped -0.19% to $63.49.
Allstate will donate up to $200,000 to the Tom Joyner Foundation as part of the company’s Quotes for Education (QFE) program to support current and future generations of students attending Historically Black Colleges and Universities (HBCUs). Between August 1 and November 30, 2015, Allstate will donate $10 per quote for every person who receives an insurance quote from a participating Allstate agent and mentions “Quotes for Education,” or quotes online at www.allstate.com/HBCU.
Funds raised through the program will be given to the Tom Joyner Foundation and earmarked for general scholarship funds to assist students attending HBCUs. Additionally, for the fourth year, HBCU supporters will have the chance to cast their vote on www.allstate.com/HBCU for the HBCU of their choice to receive an additional $50,000 in scholarship funding from Allstate.
The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names.
General Growth Properties Inc (NYSE:GGP), ended its Thursday’s trading session with -0.36% loss, and closed at $27.83.
General Growth Properties, Inc. (GGP) stated results for the three and six months ended June 30, 2015.
Financial Results
For the Three Months Ended June 30, 2015
Comparable net operating income (Same Store NOI) raised 3.6% to $543 million from $524 million in the preceding year period.
Company earnings before interest, taxes, depreciation and amortization (Company EBITDA) raised 4.9% to $508 million from $485 million in the preceding year period.
Company funds from operations (Company FFO) per share raised 5.5% to $0.33 per diluted share from $0.31 per diluted share in the preceding year period. Company FFO raised 7.1% to $319 million from $298 million in the preceding year period.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
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