On Monday, TASER International, Inc. (NASDAQ:TASR)’s shares inclined 2.08% to $32.88.
Taser (TASR) is the leading maker of conducted electrical weapons (CEWs), aka Taser stun guns, designed for use by law enforcement officers, military personnel, corrections officers, private security personnel and citizens.
It’s also the top global player in the cloud-based digital evidence administration and body-worn video markets.
Taser’s business has surged after a string of violent incidents involving police officers and citizens has prompted calls for police to wear body cameras and use safer enforcement methods.
Most recently, Freddie Gray, a 25-year old black man who lived in Baltimore, died last month after suffering a spinal cord injury while in police custody, prompting demonstrations and unrest in Baltimore and other cities.
While Taser’s stock price has pulled back slightly in the past few days, its shares are still up about 19% so far this year. The company has seen a steady flow of orders for its products.
During the first quarter, the company’s earnings more than doubled from the prior year to 13 cents a share, sailing past views. Revenue climbed 24% to $44.8 million.
Taser’s Axon body-worn cameras are small yet highly visible and can be attached securely to apparel such as a uniform or a head mount.
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The company’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. It offers three hand-held CEW product lines, counting TASER X26P and TASER X2, which integrates with EVIDENCE.com; and TASER X26.
Comstock Resources Inc (NYSE:CRK)’s shares dropped -1.39% to $3.55.
Comstock Resources Inc. (CRK) stated first-quarter 2015 loss of $1.06 per share (not taking into account one-time items), wider than the Zacks Consensus Estimate of a loss of 95 cents. The company’s year-ago quarter profit was 8 cents.
Comstock’s quarterly volume fell 13.1% year over year to 14.4 billion cubic feet equivalent (Bcfe), of which nearly 56.9% was natural gas. The downtrend reflects output shrinkage from its East Texas/North Louisiana operations that comprised a noteworthy part of the total volume.
Production in the East Texas/North Louisiana operating region reduced 31.8% year over year to 6.1 Bcfe (about 98.5% gas). Output from South Texas and Other properties came in at about 7.9 Bcfe and 0.5 Bcfe, respectively.
Cash Flow & EBITDAX
Comstock generated operating cash flow from ongoing operations of $60.9 million in the stated quarter against $95.7 million in the year-earlier quarter. Earnings before interest, taxes, depreciation, depletion, amortization, exploration expense and other non-cash expenses (EBITDAX) from ongoing operations was $39.8 million, down 64% year over year.
Capital Expenditure & Balance Sheet
In the stated quarter, Comstock spent $109.5 million on development drilling activities. As of Mar 31, 2015, the company had about $228.9 million in cash and cash equivalents and $1,393.7 million in long-term debt. The debt-to-capitalization ratio at the end of the quarter was about 63.8%.
Comstock Resources, Inc., an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas. The company owns interests in 1,596 producing oil and natural gas wells. As of December 31, 2014, it had proved reserves of 620 billion cubic feet of natural gas equivalent. The company was founded in 1919 and is headquartered in Frisco, Texas.
At the end of Monday’s trade, Oi SA (ADR) (NYSE:OIBR)‘s shares dipped -4.29% to $2.01.
Oi S.A. (OIBR), following art. 157, section 4, of Law No. 6,404/76 and CVM Instruction No. 358/02, informs its shareholders and the market in general that, after satisfying all of the contractual conditions precedent, the sale by Oi of all shares issued by PT Portugal SGPS, S.A. (“PT Portugal”) to Altice Portugal, S.A. (“Altice Portugal”), primarily encompassing the operations conducted by PT Portugal in Portugal and Hungary, as revealed in the Company’s Material Facts published on December 8, 2014, December 9, 2014, January 22, 2015 and April 22, 2015, became effective on this date.
Altice Portugal disbursed the total amount of 5.789 billion Euros for the acquisition of PT Portugal, of which 4.920 billion Euros were paid in cash to Oi and 869 million Euros were allocated to right away repay outstanding indebtedness of PT Portugal in Euros. The final purchase price is subject to post-closing adjustments to be calculated within the next months as a result of changes in the cash, indebtedness and working capital positions on the closing date.
Oi S.A. provides integrated telecommunication services for residential customers and governmental agencies, in addition to small, medium, and large companies in Brazil. It offers fixed-line voice services, such as installation, monthly subscription, metered services, collect calls, and supplemental local services; domestic and international long-distance services; broadband Internet access services; subscription television services; and bundled services, in addition to owns and operates public telephones.
Chimera Investment Corporation (NYSE:CIM), traded showed no change, and closed at $14.00.
Chimera Investment Corporation (CIM) declared its financial results for the first quarter of 2015 as follows:
1st Quarter 2015 Financial Highlights
- Average earning assets grew to $15.2 billion for the quarter ended March 31, 2015 from $10.0 billion in average assets for the year ended December 31, 2014 based on amortized cost
- Net income of $67 million, up from $6 million earned in the 4thquarter of 2014
- Core earnings of $0.59 per share comprising with the 4thquarter of 2014(1)
- Net interest income of $183 million, up from $177 million in the 4thquarter of 2014
- GAAP book value of $17.14 per share, down from $17.55 per share for the 4thquarter of 2014
- Economic book value of $15.70 per share, down from $15.90 per share for the 4thquarter of 2014
The Company declared a common stock dividend of $0.48 per share for the quarter ended March 31, 2015. The annualized dividend yield on the Company’s common stock for the quarter ended March 31, 2015 was 12%.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes comprise non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties.
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