On Wednesday, Global Cash Access Holdings, Inc. (NYSE:GCA)’s shares declined -16.91% to $5.65.
Global Cash Access Holdings, Inc. (GCA) (“GCA” or the “Company”) recently stated its financial results for the three months ended June 30, 2015. As GCA accomplished the acquisition of Multimedia Games Holding Company, Inc. (“Multimedia”) by way of a merger in December 2014, the three months ended June 30, 2015.
Second Quarter 2015 Results Overview
Revenues raised $61.5 million, or 42%, to $206.4 million in the second quarter of 2015 contrast to the same period last year. Revenues comprised of $54.9 million from the Games segment and a 5% year-over-year enhance in the Payments segment. Operating income, inclusive of a $0.4 million impact for acquisition, other costs related to the merger and the impact for purchase accounting adjustments, was $16.3 million for the second quarter of 2015 contrast to $9.6 million for the same period last year. Adjusted EBITDA raised $34.7 million, or 196%, to $52.4 million for the second quarter of 2015 contrast to $17.7 million for the same period last year. Adjusted EBITDA comprised of $33.5 million and $18.9 million from the Games and Payments segments, respectively, for the three months ended June 30, 2015.
Global Cash Access Holdings, Inc. provides cash access services and related equipment and services to the gaming industry. The company operates in Cash Advance, ATM, Check Services, Games, and Other segments. Its cash access products and services comprise Casino Cash Plus 3-in-1 ATM, a cash-dispensing machine that offers patrons to access cash through ATM cash withdrawals, point-of-sale (POS) debit card transactions, and credit card cash access transactions.
Kohl’s Corporation (NYSE:KSS)’s shares dropped -0.39% to $61.17.
Kohl’s Department Stores (KSS) is proud to feature beloved children’s books from author Laura Numeroff accessible now through September, at Kohl’s stores nationwide and on Kohls.com. Each Kohl’s Cares® item is priced at just $5, with 100 percent of the net profit supporting children’s health and education initiatives nationwide. The sweet stories and coordinating soft toys, lunch box and activity workbook are sure to delight young readers everywhere, and are accessible at an incredible value.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices. As of March 03, 2015, it operated 1,162 department stores in 49 states Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
At the end of Wednesday’s trade, Cenovus Energy Inc (USA) (NYSE:CVE)‘s shares surged 1.84% to $14.37.
Cenovus Energy Inc. (CVE) (CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, HRP had associated third-party royalty interest volumes of approximately 7,800 barrels of oil equivalent per day (BOE/d). Additional royalties have also been added to HRP – a royalty on Cenovus’s working interest production with implied first quarter volumes of approximately 5,400 BOE/d (pro forma), as well as a Gross Overriding Royalty (GORR) on Cenovus’s Pelican Lake heavy oil property in northern Alberta and its enhanced oil recovery project in Weyburn, Saskatchewan, with implied first quarter volumes of 1,600 BOE/d (pro forma). The GORR represents less than 15% of HRP’s cash flow.
Cenovus’s decision to sell HRP to Teachers’ is the outcome of a rigorous marketing process that attracted significant interest. Over the past several months, the company considered several alternatives to generate value from the business, including a potential initial public offering. After a thorough review, the transaction with Teachers’ was determined to be the best alternative to maximize value for Cenovus shareholders.
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States. The company’s Oil Sands segment engages in the development and production of bitumen assets at Foster Creek, Christina Lake, Narrows Lake, and the Athabasca natural gas assets, in addition to projects in the early stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment develops and produces conventional crude oil, NGLs, and natural gas in Alberta and Saskatchewan, counting the heavy oil assets at Pelican Lake.
Agilent Technologies Inc (NYSE:A), ended its Wednesday’s trading session with -0.12% loss, and closed at $40.40.
Agilent Technologies Inc. (A) declared that Dr. Lawrence J. Lesko has received an Agilent Thought Leader Award in support of his research into preclinical toxicological assessments of new medicines.
An internationally recognized pharmacologist, Dr. Lesko directs the Center for Pharmacometrics and Systems Pharmacology at the University of Florida’s College of Pharmacy in Orlando.
Agilent Technologies, Inc. provides bio-analytical solutions and services to the life sciences, diagnostics and genomics, chemical analysis, communications, and electronics industries worldwide. The company’s Life Sciences and Diagnostics segment offers liquid chromatography systems, columns, and components; liquid chromatography mass spectrometry systems; laboratory software and informatics systems; laboratory automation and robotic systems; dissolution testing; nucleic acid solutions; nuclear magnetic resonance, magnetic resonance imaging, and X-ray diffraction systems; immunohistochemistry; in situ hybridization; hematoxylin and eosin staining; special staining, DNA mutation detection; genotyping; gene copy number determination; identification of gene rearrangements; DNA methylation and gene expression profiling; next generation sequencing target enrichment; and automated gel electrophoresis-based sample analysis systems.
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