On Friday, AFLAC Incorporated (NYSE:AFL)’s shares inclined 0.02% to $64.05.
Aflac Incorporated (AFL) stated its second quarter results.
Reflecting the weaker yen/dollar exchange rate, total revenues reduced 9.4% to $5.3 billion during the second quarter of 2015, contrast with $5.8 billion in the second quarter of 2014. Net earnings were $573 million, or $1.32 per diluted share, contrast with $810 million, or $1.78 per share, a year ago.
Net earnings in the second quarter of 2015 comprised of after-tax net realized investment gains of $68 million, or $.16 per diluted share, contrast with net after-tax gains of $60 million, or $.13 per diluted share, a year ago. After-tax realized investment gains net of losses from securities transactions in the quarter were $60 million, or $.14 per diluted share. Hedging costs related to certain dollar investments of Aflac Japan on an after-tax basis, were $12 million in the quarter, or $.03 per diluted share. Realized after-tax net investment gains from other derivative and hedging activities in the quarter were $20 million, or $.05 per diluted share. In addition, net earnings comprised of an after-tax loss of $146 million, or $.34 per diluted share, from other and nonrecurring items primarily related to the early extinguishment of debt revealed in the first quarter.
Aflac Incorporated, through its partner, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers various voluntary supplemental insurance products, counting cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
Depomed Inc (NASDAQ:DEPO)’s shares gained 3.18% to $31.50.
Depomed, Inc. (DEPO) stated financial results and highlighted operational achievements for the quarter ended June 30, 2015.
Business and Financial Highlights Reflect Continued Period of Accelerated Growth
- Record quarterly net product sales for the second quarter of 2015 were $94.3 million, an enhance of 234% contrast to $28.2 million for second quarter of 2014 and an enhance of 198% contrast to $31.7 million for first quarter of 2015.
- NUCYNTA acquisition accomplished earlier than predictable on April 2, enabling Depomed to record full second quarter NUCYNTA net sales of $56.7 million; product franchise was officially re-launched in mid-June with expanded sales force of 275 plus full marketing and medical support.
- Second quarter 2015 cash enhance of $55 million positions Depomed to prepay $100 million of secured debt in second quarter 2016.
- Quarterly non-GAAP adjusted earnings of $20.0 million, or $0.27 per share.
- Quarterly GAAP net loss of ($21.7 million), or ($0.36) loss per share.
- Federal income tax refund of $16 million predictable for 2015, resulting in negative effective tax rate for the year.
- Depomed, Inc., a specialty pharmaceutical company, develops products for pain and other central nervous system conditions in the United States. It offers Gralise (gabapentin), an once-daily product for the administration of postherpetic neuralgia; CAMBIA (diclofenac potassium for oral solution), a non-steroidal anti-inflammatory drug indicated for acute treatment of migraine attacks in adults; Zipsor (diclofenac potassium) liquid filled capsule, a non-steroidal anti-inflammatory drug for the treatment of mild to moderate acute pain in adults; and Lazanda (fentanyl) nasal spray, an intranasal fentanyl drug used to manage breakthrough pain in adults.
At the end of Friday’s trade, Tripadvisor Inc (NASDAQ:TRIP)‘s shares surged 0.88% to $79.38.
Family Vacation Critic, TripAdvisor’s family travel site, has released its annual list of the Best Amusement Parks for Families. The list was chosen based on family perks, nearby accommodations and new rides and attractions.
This year’s list comprises:
- Cedar Point – Sandusky, OH
What’s New: Rougarou, a floorless roller coaster, and extensive renovations at Hotel Breakers, an associate hotel.
Savings Tip: Stay at Cedar Point’s onsite hotels and receive discounted admission of 37 percent off. - Carowinds – Charlotte, NC
What’s New: Fury 325, the world’s tallest and fastest giga-coaster.
Savings Tip: The park’s onsite campgrounds and hotel both offer free shuttle service and discounted admission to the park. - Knoebels – Elysburg, PA
What’s New: Impulse, a steel tower roller coaster.
Savings Tip: With no admission cost, visitors pay per ride or game – with rides starting around $1 each.
TripAdvisor, Inc. operates as an online travel company. The company operates through two segments, Hotel and Other. Its travel research platform aggregates reviews and opinions about accommodations, destinations, activities and attractions, and restaurants that enable consumers to plan and book hotels, vacation rentals, flights, activities and attractions, and restaurants.
Pilgrim’s Pride Corporation (NASDAQ:PPC), ended its Friday’s trading session with -1.28% loss, and closed at $21.64.
Pilgrim’s Pride Corporation (PPC) declared that its Board of Directors has approved a new $150.0 million share repurchase authorization for its common stock over the next 12 months, reinforcing the Company’s commitment to creating shareholder value and the strength of Pilgrim’s balance sheet and operating cash flow.
The Company plans to implement its stock repurchase program through various means, which may comprise but are not limited to open market purchases, privately negotiated transactions, the use of derivative instruments and/or accelerated share repurchase programs. The extent to which the Company repurchases its shares and the timing of such repurchases will vary and depend upon market conditions and other corporate considerations, as determined by the Company’s administration team. The Company reserves the right to limit or terminate the repurchase program at any time without notice.
Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. It offers fresh chicken products comprising pre-marinated or non-marinated, and prepackaged refrigerated (nonfrozen) whole or cut-up chicken in various combinations of refrigerated whole chickens and chicken parts.
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