On Thursday, Diamond Offshore Drilling Inc (NYSE:DO)’s shares declined -3.50% to $23.16.
Diamond Offshore Drilling, Inc. (DO) stated net income of $90 million, or $0.66 per share, in the second quarter of 2015, contrast to $90 million, or $0.65 per share, in the second quarter of 2014. Revenues in the second quarter of 2015 were $634 million, contrast to revenues of $692 million in the second quarter of 2014.
Additionally, the Company recently declared that the Ocean Apex was awarded a contract for an 18-month term offshore Australia starting in the second quarter of 2016 at a rate of $285,000 per day.
Diamond Offshore also declared recently that it has declared a regular quarterly dividend of $0.125 per share, payable on September 1, 2015 to shareholders of record as of August 14, 2015.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market. It operates a fleet of 38 offshore drilling rigs, which comprise 27 semisubmersibles, counting 1 under construction; 6 jack-ups; and 5 dynamically positioned drillships, counting 1 under construction. Diamond Offshore Drilling, Inc. serves independent oil and gas companies, and government-owned oil companies.
Dillard’s, Inc. (NYSE:DDS)’s shares gained 2.35% to $97.03.
Dillard’s, Inc. (DDS) declared operating results for the 13 weeks ended August 1, 2015. This release contains certain forward-looking statements. Second Quarter Results
Dillard’s stated net income for the 13 weeks ended August 1, 2015 of $29.9 million, or $0.75 per share, contrast to net income of $34.5 million, or $0.80 per share, for the preceding year second quarter.
26 Week Results
Dillard’s stated net income for the 26 weeks ended August 1, 2015 of $139.5 million, or $3.43 per share, contrast to net income of $146.1 million, or $3.36 per share, for the preceding year 26-week period.
Net Sales - 13 Weeks
Net sales for the 13 weeks ended August 1, 2015 were $1.514 billion and $1.475 billion for the 13 weeks ended August 2, 2014. Net sales comprises the operations of the Company’s construction business, CDI Contractors, LLC (“CDI”).
Dillard’s, Inc. operates as a fashion apparel, cosmetics, and home furnishing retailer in the United States. The company’s stores offer a selection of merchandise, counting fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods. Its merchandise selections comprise brand merchandise, such as Antonio Melani, Gianni Bini, GB, Roundtree & Yorke, and Daniel Cremieux.
At the end of Thursday’s trade, Progressive Corp (NYSE:PGR)‘s shares surged 0.49% to $31.00.
A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of American Planned Insurance Corp (ASI) (St. Petersburg, FL) and its associates. The ratings have been removed from under review with positive implications and assigned a stable outlook. The ratings were placed under review following the declarement that The Progressive Corporation (Progressive) [NYSE:PGR] had agreed to acquire a controlling position in ARX Holding Corp., the parent company of ASI and its associates, for about $875 million in cash. (Please see related press release dated Dec. 18, 2014).
Following the close of the transaction in April 2015, Progressive’s interest in the company is about 69%, up from the 5% interest it had held since 2012. ASI continues to operate as a separate company under its current administration team and will benefit from its association with one of the leading personal automobile writers in the United States.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products comprise personal auto insurance; and special lines products, counting motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.
Cowen Group Inc (NASDAQ:COWN), ended its Thursday’s trading session with 0.54% gain, and closed at $5.59.
Cowen Group, Inc. (COWN) declared that George Mihalos has joined Cowen and Company’s Equity Research department as a Director to cover payments and financial information stocks. Mr. Mihalos is based in New York and reports to Robert Fagin, Cowen’s Director of Research.
Mr. Mihalos has nine years of equity research experience in the payments and financial information sector. He joins Cowen from Credit Suisse where he was a research analyst, and formerly held similar roles at Bank of America Merrill Lynch and Bear Stearns.
Mr. Mihalos holds a Bachelor in Business Administration degree from Hofstra University.
Cowen’s technology, media and telecommunications equity research team comprises 13 senior analysts whose coverage spans Computer Services & IT Consulting, Digital Media, Internet, Media, Payments & Financial Information, Semiconductor Capital Equipment, Semiconductors, Software, Telecom & Networking Equipment, and Telecom Services.
Cowen Group, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides alternative investment administration, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its auxiliaries.
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