Thomas J. Usher, chairman of the board of Marathon Petroleum Corporation (NSYE:MPC) announced today that he will retire following the company`s Annual Meeting of Shareholders on April 27, 2016. MPC`s Board of Directors has elected Gary R. Heminger, the company`s president and chief executive officer, to succeed Usher as chairman in addition to his current duties when the meeting ends.
Marathon Petroleum Corporation (NYSE:MPC) belongs to Basic Materials sector. Its net profit margin is 4.40% and weekly performance is 3.06%. On last trading day company shares ended up at $33.97. Marathon Petroleum Corporation (NYSE:MPC) distance from 50-day simple moving average (SMA50) is -19.72%.
Five9, Inc. (NASDAQ:FIVN) reported Total revenue for 2015 increased 25% to $128.9 million, compared to $103.1 million in 2014. GAAP gross margin was 53.8% for 2015, compared to 47.0% for the prior year. Adjusted gross margin was 59.1% for 2015, compared to 52.7% for the prior year. Adjusted EBITDA for 2015 was a loss of $(5.3) million, compared to a loss of $(22.7) million in 2014.
Five9, Inc. (NASDAQ:FIVN) shares moved up 7.21% in last trading session and ended the day at $7.88. FIVN Gross Margin is 51.80% and its return on assets is -29.50%. Five9, Inc. (NASDAQ:FIVN) quarterly performance is 30.46%.
Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure, with PowerSecure becoming a wholly owned subsidiary of Southern Company. Under the terms of the agreement, PowerSecure’s stockholders will be entitled to receive $18.75 in cash for each share of PowerSecure common stock in a transaction with a purchase price of approximately $431 million.
On 24 February, Southern Company (NYSE:SO) shares decreased -0.24% and was closed at $48.98. SO EPS growth in last 5 year was 2.00%. Southern Company (NYSE:SO) year to date (YTD) performance is 5.85%.
Restoration Hardware Holdings, Inc. (NYSE: RH) preliminary fourth quarter revenues increased 11% to $647.2 million on top of a 24% increase last year (consensus is $710.9M). Adjusted diluted EPS of $0.99 versus $1.02 last year; GAAP diluted EPS of $0.80 (consensus is $1.39).
Restoration Hardware Holdings, Inc. (NYSE:RH) ended the last trading day at $51.92. Company weekly volatility is calculated as 5.00% and price to cash ratio as 5.42. Restoration Hardware Holdings, Inc. (NYSE:RH) showed a weekly performance of -4.38%.
Third Point Reinsurance Ltd. (NYSE:TPRE) announced that it is planning to release its fourth quarter and full year 2015 results after the market close on Thursday, February 25, 2016. The Company will also hold a conference call to discuss its results at 8:30 am (Eastern Time) on Friday, February 26, 2016.
Third Point Reinsurance Ltd. (NYSE:TPRE) shares moved up 1.88% in last trading session and ended the day at $11.40. TPRE return on assets is -4.30%. Third Point Reinsurance Ltd. (NYSE:TPRE) quarterly performance is -17.39%.