On Tuesday, Shares of VASCO Data Security International Inc. (NASDAQ:VDSI), gained 6.71% to $26.23, after the security software company beat analysts’ estimates for earnings and revenue in the first quarter.
VASCO stated earnings of 34 cents a share for the first quarter, beating analysts’ estimates of 13 cents a share for the quarter. Revenue grew 67.7% from the year-ago quarter to $65.1 million, above analysts’ estimates of $54.5 million for the quarter.
The software company raised its full year 2015 revenue guidance to a range of $230 million to $240 million from its previous range of $220 million to $230 million. Analysts expect the company to report earnings of $228.36 million for the full year.
“Revenue stated for the first quarter of 2015 was the highest of any quarter in our history and reflected both the delivery of a noteworthy amount of card readers using our new Cronto technology to Rabobank, which was part of our record backlog at the starting of the year, and a noteworthy enhance in revenues from other customers in the quarter,” Chairman and CEO T. Kendall Hunt said in a statement.
VASCO Data Security International, Inc., together with its auxiliaries, designs, develops, markets, and supports hardware and software security systems that manage and secure access to information assets worldwide.
At the end of Tuesday’s trade, Shares of Sanchez Energy Corporation (NYSE:SN), jumped 4.82% to $14.13.
On April 22, Sanchez Energy offered an update on its first quarter 2015 operations and production. Highlights from the update comprise:
Estimated average daily production of 45,217 BOE/D during the first quarter 2015, which represents a 141% enhance over first quarter 2014, surpassing the high side of initial guidance of 40,000 to 44,000 BOE/D.
Operational efficiencies and service cost reductions continue to drive substantial cost savings across Sanchez Energy’s asset base, with average well costs in Catarina, where the Company is focusing the majority of its drilling and completion budget in 2015, presently trending below $4.5 million.
The Company is now targeting three distinct vertical productive Eagle Ford zones at Catarina and believes that potential for stacked development exists in the Lower, Middle, and Upper Eagle Ford.
Results from the Company’s first stacked development location, a ten well pad in Western Catarina, have exceeded initial expectations and the wells are performing above the Lower Eagle Ford type curve.
Sanchez Energy presently has 544 gross producing wells with 24 gross wells in various stages of completion.
Based on operating results during the first quarter 2015, Sanchez Energy anticipates that capital spending in 2015 will trend toward the lower end of the $600 to $650 million range offered for its 2015 capital plan.
Production is predictable to trend toward or exceed the upper end of the 40,000 to 44,000 BOE/D range offered for average 2015 production, despite the recent sale of about 1,000 BOE/D of production which closed on March 31, 2015.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast.
Owens & Minor Inc. (NYSE:OMI), ended its last trade with 4.73% gain, and closed at $35.
Owens & Minor, stated financial results for the first quarter ended March 31, 2015, counting the following items:
- Merged quarterly revenue grew 6.0% to $2.39 billion
- Adjusted net income per diluted share was $0.44 for the quarter
- Operating cash flow for the quarter was $169 million
- International segment stated positive adjusted operating earnings for the quarter.
Merged net revenue raised 6.0% to $2.39 billion in the first quarter of 2015, as a result of strong growth in the Domestic segment. Not taking into account the impact of two acquisitions accomplished in the fourth quarter of 2014, merged quarterly revenues grew 4.0% when contrast to the preceding year. Quarterly net income was $18.9 million, or $0.30 per diluted share. Adjusted net income (non-GAAP), not taking into account after-tax charges of $8.6 million for acquisition-related and exit and realignment activities, was $27.5 million, or $0.44 per diluted share, unchanged when contrast to last year’s first quarter.
Merged operating earnings for the first quarter of 2015 were $41.0 million, a decline of $5.3 million, when contrast to the first quarter last year. Adjusted merged operating earnings (non-GAAP) for the first quarter of 2015 were $50.9 million, or 2.13% of revenues, representing a $1.3 million enhance over the same period in the preceding year. For comparison’s sake, the company stated the recovery of $5.3 million from the settlement of a direct purchaser anti-trust class action lawsuit in the first quarter of 2014.
Owens & Minor, Inc., together with its auxiliaries, operates as a healthcare logistics company. It operates through two segments, Domestic and International. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices. Its service portfolio comprises of procurement, inventory administration, delivery, and sourcing for the healthcare market.
Finally, Alamos Gold Inc. (NYSE:AGI), closed at $7.12, with 4.71% gain.
Alamos Gold, stated that the injunction order granted against the Turkish Ministry of the Environment and Urbanization’s approval of the Environmental Impact Assessment (“EIA”) for the Agi Dagi gold project has been dismissed by the Çanakkale Administrative Court. With this ruling, the Ministry’s approval of the EIA has been returned to good standing.
The Ministry formerly signed and issued formal approval in the form of an EIA Positive Decision Certificate for Agi Dagi in August 2014. In January 2015, the Canakkale Administrative Court in Turkey granted an injunction order against the Ministry’s approval of the EIA. The Ministry successfully appealed the ruling with the Canakkale Administrative Court dismissing the injunction on the basis that the challenge against the EIA approval was registered after the deadline for such challenges to be filed had expired.
Alamos Gold Inc., a gold mining company, engages in the exploration, mine development, and mining and extraction of precious metals, primarily gold. The company’s primary asset is the Mulatos mine covering about 28,773 hectares of concessions in the state of Sonora, Mexico.
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