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Thursday 24 September 2015
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Pre-Market News Analysis on: Carnival (NYSE:CCL), DDR (NYSE:DDR), Plug Power (NASDAQ:PLUG), Coeur Mining (NYSE:CDE)

On Thursday, Carnival Corp (NYSE:CCL)’s shares declined -4.49% to $49.95.

Carnival Cruise Line and its partner Dr. Seuss Enterprises teamed up to celebrate the release of the new Dr. Seuss book, “What Pet Should I Get?” with celebrity book readings by Tampa Bay Rays all-star Evan Longoria aboard Carnival Paradise in Tampa and local broadcasting legend Angela Hill aboard Carnival Dream in New Orleans.

In conjunction with the event, Carnival is matching Longoria’s donation of $100 to Pet Pal Animal Shelter for every home run he hits during the 2015 season. The cruise line is also donating monies to the Tampa Bay and Louisiana chapters of the Society for the Prevention of Cruelty to Animals (SPCA).

Donning Dr. Seuss’ signature striped hat and surrounded by rescue dogs from the SPCA, Longoria and Hill delighted children with spirited readings of “What Pet Should I Get?” which is based on an original manuscript and accompanying sketches by Dr. Seuss, aka Ted Geisel, that was discovered in the La Jolla, Calif., home of the late beloved children’s author.

Following the reading, children and their chaperones joined The Cat in the Hat, Sam I am, and Thing 1 and Thing 2 for Carnival’s popular Green Eggs and Ham Breakfast with The Cat in the Hat and Friends, part of the line’s exclusive Seuss at Sea program.

Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships.

DDR Corp(NYSE:DDR)’s shares dropped -0.53% to $16.77.

DDR Corp. (DDR) declared operating results for the second quarter ended June 30, 2015.

Financial Highlights

  • Second quarter operating funds from operations attributable to common shareholders (“Operating FFO”) raised $10.1 million to $111.4 million, or $0.31 per diluted share, contrast to $101.3 million, or $0.28 per diluted share, for the preceding-year comparable period.
  • Second quarter net income attributable to common shareholders was $13.0 million, or $0.03 per diluted share, which compares to net income of $67.8 million, or $0.19 per diluted share, for the preceding-year comparable period.

NoteworthyQuarterly Activity

  • Generated same store net operating income growth of 3.0% on a pro rata basis.
  • Executed 369 new leases and renewals for 2.9 million square feet.
  • The annualized base rent per occupied square foot was $14.37 at June 30, 2015 as contrast to $13.72 at June 30, 2014, an enhance of 4.7% on a pro rata basis.
  • Generated new leasing spreads of 25.4% on a pro rata basis, and renewal leasing spreads of 7.2% on a pro rata basis.
  • The portfolio leased rate was 95.8% at June 30, 2015 and 2014 on a pro rata basis.
  • Attained $111 million of wholly-owned prime power centers.
  • Sold ten assets totaling $60 million at DDR’s share.

DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.

At the end of Thursday’s trade, Plug Power Inc(NASDAQ:PLUG)‘s shares dipped -7.76% to $2.02.

Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, recently reports its 2015 second quarter results. The quarterly results are the Company’s best in its 19-year history, and comprise:

  • Record revenues of $24M
  • Bookings in excess of $59M
  • Positive gross margin at 7 percent

Most notably, Plug Power realized 26 percent gross margins from its longest-running product line, GenDrive, up from 17 percent in the same quarter of 2014. Plug Power has been selling GenDrive to material handling customers commercially since 2010. Recently, more than 8,500 units have been deployed in North America, and have accumulated more than 107 million operating hours.

Plug Power continues to see ongoing success and multiple deployments with repeat customers such as Walmart and Kroger, where distribution center conversion rates average one to three facilities per quarter. The GenKey value proposition has been validated by large customers like these and many others, but GenKey is increasingly attractive to mid-size customers such as Dietz and Watson, FreezPak Logistics and Newark Farmers Market because Plug Power provides cost-effective access to hydrogen through GenFuel.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies. The company’s product line comprises GenKey, a turn-key solution for transitioning material handling vehicles to fuel cell power; GenDrive, which is a hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells and GenFuel products; and ReliOn, a stationary fuel cell solution that provides scalable and modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.

Coeur Mining Inc(NYSE:CDE), ended its Thursday’s trading session with 5.38% gain, and closed at $3.92.

Coeur Mining, Inc. ( CDE ) stated second quarter 2015 revenue of $166.3 million, adjusted EBITDA 1 of $34.7 million, adjusted net loss 1 of $0.11 per share, and cash flow from operating activities of $36.9 million. Adjusted costs applicable to sales per silver equivalent ounce 1 of $12.56 declined 8% from the first quarter. Adjusted all-in sustaining costs declined 6% from the first quarter to $16.60 per silver equivalent ounce 1 , the lowest level in over two years of reporting this metric.

Second Quarter 2015 Highlights

  • Silver production was 4.3 million ounces and gold production was 80,855 ounces, or 9.1 million silver equivalent 1ounces, a 13% enhance as formerly declared on July 9, 2015
  • Adjusted costs applicable to sales were $12.56 and adjusted all-in sustaining costs were $16.60 per silver equivalent ounce 1, the lowest level since Coeur began reporting this metric in 2013
  • Adjusted costs applicable to sales per gold ounce 1at Kensington of $745 fell 7% from the first quarter
  • Adjusted costs applicable to sales per silver equivalent ounce 1at Palmarejo declined 9% from the first quarter to $13.21
  • Adjusted costs applicable to sales per silver equivalent ounce 1at Rochester were $12.01, down 7% from the first quarter
  • Adjusted costs applicable to sales per silver ounce 1at San Bartolomé dropped 8% from the first quarter to $13.26

Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located in Alaska; the Rochester silver and gold mine in Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in Australia.

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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.

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