On Wednesday, CBL & Associates Properties, Inc. (NYSE:CBL)’s shares declined -4.40% to $18.27.
CBL & Associates Properties, Inc. (CBL) declared results for the first quarter ended March 31, 2015. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP measure is located at the end of this news release.
CBL’s President and Chief Executive Officer Stephen Lebovitz stated that First quarter highlights comprise an impressive 7% enhance in same-center sales and the continuation of double-digit lease spreads. Same-center NOI and occupancy were influenced by the lost income from bankruptcy-related store closures; however, continued healthy demand from higher quality retailers will result in a stronger tenant mix across the CBL portfolio.
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties.
ACCO Brands Corporation (NYSE:ACCO)’s shares dropped -4.39% to $8.06.
ACCO Brands Corporation (ACCO) stated its first quarter results for the period ended March 31, 2015.
First Quarter Results
Net sales reduced 12% to $290.0 million from $329.4 million in the preceding-year quarter. On a constant currency basis, sales reduced 6%. Operating income raised by $3.2 million to $2.6 million from a loss of $0.6 million in the preceding year despite a $1.8 million impact from foreign currency translation. The improvement was primarily due to cost savings, productivity improvements and lower restructuring costs.
ACCO Brands Corporation manufactures and markets office, school, and calendar products, and select computer and electronic accessories primarily in the Unites States, Northern Europe, Brazil, Canada, Australia, and Mexico.
At the end of Wednesday’s trade, Aeropostale Inc (NYSE:ARO)‘s shares dipped -4.36% to $3.29.
Aeropostale Inc (ARO) declared future changes to the composition of its Board of Directors.
Robert B. Chavez has advised the Company that he will not seek re-election to the Company’s Board of Directors at the 2015 Annual Stockholder Meeting due to his responsibilities and time commitments as President and Chief Executive Officer of Hermes of Paris, Inc. Mr. Chavez will continue to serve until the 2015 Annual Meeting.
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing.
Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL), ended its Wednesday’s trading session with -4.35% loss, and closed at $2.64.
Gol Linhas Aereas Inteligentes SA (ADR) (GOL) declares its preliminary air traffic figures for March 2015. Comparisons refer to March 2014 and 1Q14.
GOL Highlights
- The domestic load factorreached 9%in 1Q15, 2.1 p.p. up year-on-year. The rate came to 74.2% in March, 0.2 p.p. down on March 2014 and 78.3% in the last 12 months (LTM), 5.4 p.p. more than in the previous 12-month period.
- Domestic demandin the first quarter raised by 9% over 1Q14, fell by 1.8% in March and climbed by 5.7% in the LTM over the same periods last year.
- Domestic capacitymoved up by 1% in 1Q15 and fell by 1.6% in March. The LTM figure fell by 1.5% over the previous 12 months.
Gol Linhas Aéreas Inteligentes S.A. provides regular and non-regular air transportation services for passengers, cargoes, and mailbags in Brazil and internationally. It operates in two segments, Flight Transportation and Smiles Loyalty Program.
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