On Wednesday, CONN’S, Inc. (NASDAQ:CONN)’s shares declined -6.68% to $36.90.
CONN’S, Inc. (CONN) declared it will host a conference call on June 2, 2015 to talk about its first-quarter fiscal 2016 financial results. The conference call will start at 10:00 A.M. CT (11:00 A.M. ET). A press release regarding the operating results will be released the same day before the market opens.
Conn’s, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through Retail and Credit segments. The companys stores provide home appliance comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; home furniture and mattress, counting furniture and related accessories for the living room, dining room, and bedroom, in addition to traditional and specialty mattresses; and home office products compriseing of computers, tablets, printers, and accessories.
21Vianet Group Inc (NASDAQ:VNET)’s shares dropped -5.80% to $17.53.
21Vianet Group Inc (VNET) declared its unaudited financial results for the first quarter of 2015. The Company will hold a conference call at 8:00 p.m. Eastern Time on May 26, 2015. Dial-in details are offered at the end of the release.
First Quarter 2015 Financial Highlights
- Net revenues raised by 46.8% to RMB860.1 million (US$138.7 million) from RMB586.0 million in the comparative period in 2014.
- Adjusted EBITDA1raised by 47.8% to RMB166.9 million (US$26.9 million) from RMB112.9 million in the comparative period in 2014.
First Quarter 2015 Financial Results
REVENUES: Net revenues for the first quarter of 2015 raised by 46.8% to RMB860.1 million (US$138.7 million) from RMB586.0 million in the comparative period in 2014.
Net revenues from hosting and related services raised by 51.6% to RMB613.2 million (US$98.9 million) in the first quarter of 2015 from RMB404.4 million in the comparative period in 2014, primarily due to contributions from acquisitions, an enhance in the total number of cabinets under administration, in addition to an enhance in demand for the Company’s cloud computing services, partially offset by the softness in CDN services and the transition to a Value Added Tax (“VAT”) system. Net revenues from managed network services raised by 35.9% to RMB246.9 million (US$39.8 million) in the first quarter of 2015 from RMB181.6 million in the comparative period in 2014 primarily driven by the contributions from acquisitions, which was partially offset by network grooming efforts and the transition to a VAT system.
21Vianet Group, Inc. provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small- to mid-sized enterprises in the People’s Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.
At the end of Wednesday’s trade, BreitBurn Energy Partners L.P. (NASDAQ:BBEP)‘s shares dipped -5.40% to $5.43.
BreitBurn Energy Partners L.P. (BBEP) declared financial and operating results for the first quarter 2015.
Key Highlights
- Raised total production to 5.1 MMBoe, a 57% enhance from the first quarter of 2014 and a 21% enhance from the fourth quarter of 2014.
- Raised Adjusted EBITDA, a non-GAAP financial measure, to $148.6 million (counting costs of $4.1 million for restructuring), a 26% enhance from the first quarter of 2014 and a 17% enhance from the fourth quarter of 2014.
- Reduced lease operating expenses by 9% to $19.81 per Boe in the first quarter of 2015 from $21.77 per Boe in the fourth quarter of 2014.
- Declared a $1 billion planned investment led by EIG Global Energy Partners, which was accomplished on April 8, 2015. Net proceeds were used to reduce borrowings under Breitburn’s bank credit facility.
- Amended bank credit facility to reset the borrowing base to $1.8 billion through April 2016, subject to limited exceptions.
Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States.
Weight Watchers International, Inc. (NYSE:WTW), ended its Wednesday’s trading session with -5.33% loss, and closed at $5.86.
Weight Watchers International, Inc. (WTW) declared its results for the first quarter of fiscal 2015 and maintained its full year fiscal 2015 earnings guidance.
- Q1 2015 revenues were $322.1 million, down 21.3% (16.0% on a constant currency basis) as compared to the preceding year period, with total paid weeks down 18.9%.
- Q1 2015 earnings per fully diluted share (EPS) was a loss of $0.10; not taking into account the $0.06 per fully diluted share impact of restructuring charges and the $0.05 per fully diluted share benefit from the early extinguishment of debt, Q1 2015 adjusted EPS was a loss of $0.09.
- The Company maintained full year fiscal 2015 earnings guidance of between $0.40 and $0.70 per fully diluted share.
First quarter 2015 net loss was $5.4 million as compared to net income of $21.5 million in the preceding year period. EPS for Q1 2015 was a loss of $0.10 as compared to income of $0.38 in the preceding year period. Foreign currency negatively influenced EPS by $0.04 in Q1 2015.
Net loss and EPS for Q1 2015 were influenced by two items that affect year-over-year comparability. First, the Company incurred $5.8 million ($3.5 million after tax or $0.06 per fully diluted share) of charges in connection with its formerly revealed 2015 restructuring plan. Second, the Company recorded a gain on early extinguishment of debt of $4.8 million ($2.9 after tax or $0.05 per fully diluted share) for its formerly revealed debt prepayment in the quarter. Not taking into account these two items, net loss would have been $4.8 million and EPS would have been a loss of $0.09 in Q1 2015.
Weight Watchers International, Inc. provides weight administration services worldwide. The company operates through North America, United Kingdom, Continental Europe, and Other segments. It offers a range of products and services comprising nutritional, exercise, and behavioral tools and approaches.
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