SECOND QUARTER SUMMARY:
Total revenue decreased from $8.6 million in the second quarter of 2013 to $6.4 million in the second quarter of 2014
Gross profit margin decreased from 62% in the second quarter of 2013 to 48% in the current period, attributable to no mega-project revenue and a mix shift
Operating expenses increased $1.0 million, or 16%, from $6.6 million in the second quarter of 2013 to $7.6 million in the current period due to sales & marketing and research & development expenses
Net loss increased from $(1.5) million, or $(0.03) per share, in the second quarter of 2013 to $(4.6) million, or $(0.09) per share, in the second quarter of 2014, on decreased gross profit margin and higher operating expenses
SAN LEANDRO, Calif., Aug.
OKLAHOMA CITY , Aug, 6, 2014 /PRNewswire/ -- After unsuccessfully challenging the EPA all the way to the U.S. Supreme Court and exhausting its legal options, Oklahoma Gas & Electric today filed an application with the Oklahoma Corporation Commission seeking approval of a plan to be in compliance with federal environmental mandates and to modernize the company's Mustang Power Plant.
Kirby McInerney LLP announced today that a class action lawsuit is
pending in the United States District Court for the District of
Massachusetts on behalf of investors who acquired InVivo Therapeutics
Sign-up for INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of NB&T Financial Group Inc. and Its Board of Directors In Connection With the Sale of the Company to Peoples Bancorp Inc. -- NBTF investment picks
Sign-up for INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Pike Corporation and Its Board of Directors In Connection With the Sale of the Company to Court Square Capital Partners -- PIKE investment picks
Communications Systems, Inc. (NASDAQ:JCS) (“CSI” or the “Company”) ,
a global provider of physical connectivity infrastructure and services
for deployments of broadband networks, today announced financial results
for the second quarter ended June 30, 2014 (Q2 2014), including a
discussion of results of operations by segment.
Highlights for the quarter ended June 30, 2014
Highlights for the six months ended June 30, 2014
Annualized operating return on common equity (1) of 12.6% compared to 10.0% in the first six months of last year;
Record net operating earnings (1) of $53.7 million, or $0.70 per diluted common share compared with $41.5 million, or $0.56 per diluted common share in the first six months of 2013;
Net premiums written increased 5.4% to $1.3 billion versus the same period last year; excluding the cancelled National General Holdings Quota Share, the underlying growth rate was 20.6%;
Combined ratio (10) of 97.8% compared to 97.6% in the first six months of 2013;
Net investment income was $55.9 million, an increase of 31.0% compared to the first six months of 2013; and
Book value per common share (4) of $12.46 increased 11.8% compared to December 31, 2013 reflecting increased market values of Maiden's fixed
Sign-up for Maiden Holdings, Ltd. Announces Record Quarterly Net Operating Earnings(1) of $28.2 Million or $0.37 Per Diluted Common Share and Operating Return on Common Equity(1) of 13.0% investment picks
- Reported net income of $56.5 million for the third fiscal quarter - Fixed indexed annuity sales of $379 million, the highest in eight quarters
- Executing on growth and ROE expansion strategy DES MOINES, Iowa, Aug.
Prudential earnings rise on fee income
Prudential Financial Inc.(PRU)reported second-quarter earnings of $1.17 billion, or $2.49 cents a share, compared to $1.09 billion, or $2.03 cents a share, a year ago on Wednesday.
Second Quarter 2014 Highlights: - Revenue of $490 million; adjusted EBITDA of $108 million; adjusted net loss attributable to Tronox Limited of $0.00 per diluted share
- Pigment revenue of $328 million up 8 percent versus prior year and 13 percent versus prior quarter; sales volumes up 11 percent and selling prices down 3 percent versus prior year; sales volumes up 13 percent and prices down 1 percent compared to prior quarter - Pigment adjusted EBITDA of $37 million versus ($26) million loss in prior year and $17 million in prior quarter marking the sixth consecutive quarter of sequential improvement - Mineral Sands revenue of $227 million down 27 percent compared to $312 million in prior year and up 28 percent versus $178 million in first quarter 2014 - Mineral Sands adjusted EBITDA of $81 million versus $129 million in prior year and $60 million excluding $23 million LCM charge in first quarter - Potential $5.15 billion of U.S. federal tax deductions
NPS Pharmaceuticals, Inc. (NASDAQ:NPSP), a global biopharmaceutical
company pioneering and delivering innovative therapies that transform
the lives of patients with rare diseases, today reported its results for
the quarter ended June 30, 2014.
BOISE, ID --
CST Brands, Inc. (NYSE:CST) announced that it has entered into
definitive agreements to purchase 100% of the membership interests of
Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP
(NYSE:LGP), from Lehigh Gas Corporation and all of the outstanding IDRs
American Tower Corporation (NYSE: AMT) today announced that its Chief
Financial Officer, Tom Bartlett, is scheduled to present at the
Oppenheimer 17 th Annual Technology, Internet & Communications
Conference in Boston, Massachusetts on Tuesday, August 12, 2014
at 11:05 a.m. ET.
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