latest news releases from the newsroom
Genesis Lease Ltd.
Genesis Lease Declares Dividend On Its Common Shares
SHANNON, Ireland, May 7, 2008 (PRIME NEWSWIRE) -- Genesis Lease Limited (NYSE:GLS) announced that its Board of Directors today declared a dividend of $0.47 per outstanding Common Share for the first quarter of 2008. The dividend is payable June 16, 2008 to shareholders of record as of the close of business on May 21, 2008.
WCI Communities, Inc.
WCI Reports First Quarter 2008 Results
BONITA SPRINGS, Fla., May 7, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI), a leading builder of traditional and tower residences in highly amenitized lifestyle communities, today reported its results for the first quarter of 2008. For the three months ended March 31, 2008, WCI reported a net loss of $84.1 million, compared with a net loss of $15.8 million in the first quarter of 2007, while diluted earnings per share (EPS) declined to a loss of $2.00 versus a loss of $0.38 in the same period a year ago. Revenues for the first quarter of 2008 were $137.1 million, compared with $338.2 million for the first quarter of 2007, a 59.5% decrease. The aggregate number of gross new Traditional and Tower Homebuilding orders increased by 6% to 335; however, the aggregate number of net new orders for the quarter declined 22.8% to 183, as contract cancellations and defaults at closing continued at higher than long-term historical rates. The aggregate value of the net new orders for the quarter fell 49.8% over the same period a year ago to $78.3 million.
Warren Resources, Inc.
Warren Resources Announces Record First Quarter 2008 Results
NEW YORK, May 7, 2008 (PRIME NEWSWIRE) -- Warren Resources, Inc. (Nasdaq:WRES) today announced 2008 first quarter financial and operating results. The Company reported net earnings of $9.4 million, or $0.16 per diluted common share, for the first quarter ended March 31, 2008. This compares to net earnings of $1.4 million, or $0.03 per diluted common share, for the first quarter of 2007.