latest news releases from the newsroom
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.
ACI Worldwide, Inc.
MasterCard Selects ACI Worldwide Solutions to Support New Debit and Prepaid Processing Platform
NEW YORK, May 7, 2008 (PRIME NEWSWIRE) -- ACI Worldwide, Inc. (Nasdaq:ACIW), a leading international provider of software for electronic payment systems, today announced that MasterCard Worldwide has selected ACI's electronic payment solutions as key elements of the new MasterCard Integrated Processing Solutions(tm) (IPS). MasterCard selected ACI's next-generation payments solutions to help create the IPS platform, which provides banks a suite of branded debit network and card issuer processing services including PIN and signature debit and prepaid processing, and ATM driving.