Gold miner Kinross Gold Corporation (USA) (NYSE:KGC) posted adjusted earnings of $34.1 million or 3 cents per share in the first quarter of 2014, down 80% from adjusted earnings of $172.4 million or 15 cents per share recorded in the year-ago quarter. Earnings per share were, however, at par with the Zacks Consensus Estimate. Kinross Gold Corporation (USA) (NYSE:KGC) net profit margin is -99.00% and weekly performance is -1.72%. On last trading day company shares ended up $3.99. Analysts mean target price for the company is $5.59. Kinross Gold Corporation (USA) (NYSE:KGC) distance from 50-day simple moving average (SMA50) is -10.84%.
KBR, Inc. (NYSE:KBR) announced in a press release that the Audit Committee of the Company’s Board of Directors has concluded that KBR`s previously issued consolidated financial statements for the year ended December 31, 2013, should no longer be relied upon and required restatement. KBR determined that the estimated costs to complete seven Canadian pipe fabrication and module assembly contracts that were awarded during 2012-2013 will result in pre-tax charges of more than $150 million, including the reversal of $23 million in previously recognized pre-tax profits and the recognition of approximately $135 million in pre-tax estimated losses at completion. KBR, Inc. (NYSE:KBR) shares advanced 0.34% in last trading session and ended the day on $23.52. KBR Gross Margin is 8.00% and its return on assets is 7.40%. KBR, Inc. (NYSE:KBR) quarterly performance is -22.02%.
Ocwen Financial Corporation (NYSE:OCN) announced today the pricing of $350 million in aggregate principal amount of 6.625% Senior Notes due 2019 (the “Notes”). The notes will be issued at par. The offering is scheduled to close on May 12, 2014, subject to customary closing conditions. The Notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside of the United States in compliance with Regulation S of the Securities Act. The Company intends to use the net proceeds from this offering for general corporate purposes. Ocwen Financial Corp (NYSE:OCN) shares moved up 2.65% in last trading session and was closed at $32.55, while trading in range of $31.31 – $33.22 -. Ocwen Financial Corp (NYSE:OCN) year to date (YTD) performance is -41.30%.
TIBCO Software Inc. (NASDAQ:TIBX) today announced that its integration between the TIBCO Loyalty Lab® platform and Demandware Commerce now makes it possible for mutual clients to launch a complete omni-channel customer engagement program with e-commerce capability that helps them avoid disparate point solutions. Companies can launch the TIBCO solution in less time than ever before, at a fraction of the cost and with dramatically reduced IT effort. Tibco Software Inc. (NASDAQ:TIBX) ended the last trading day at $18.84. Company weekly volatility is calculated as 2.29% and price to cash ratio as 4.03. Tibco Software Inc. (NASDAQ:TIBX) showed a negative weekly performance of -3.93%.