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Green Dot Corporation (NYSE:GDOT), a leading prepaid financial services company, reported financial results for the second quarter ended June 30, 2011. "We are pleased with our second quarter results. In Q2 we reported a 29% increase in non-GAAP total operating revenues to $119.4 million and a 26% increase in EBITDA to $29.1 million," said Steve Streit, Green Dot's Chairman and Chief Executive Officer. "We continue to be on track with our full year 2011 guidance of non-GAAP total operating revenues and adjusted EBITDA." GAAP financial results for the second quarter of 2011 compared to the second quarter of 2010; Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 27% to $115.0 million for the second quarter of 2011 from $90.3 million for the second quarter of 2010. GAAP net income was $12.1 million for the second quarter of 2011 compared to $12.5 million for the second quarter of 2010. GAAP basic and diluted earnings per common share were $0.29 and $0.27, respectively, for the second quarter of 2011 and $0.32 and $0.29, respectively, for the second quarter of 2010. Non-GAAP financial results for the second quarter of 2011 compared to the second quarter of 2010:1. Non-GAAP total operating revenues1 increased 29% to $119.4 million for the second quarter of 2011 from $92.8 million for the second quarter of 2010. Non-GAAP net income1 increased 5% to $16.3 million for the second quarter of 2011 from $15.5 million for the second quarter of 2010.
Green Dot Corporation and its subsidiary, Next Estate Communications, Inc., provide money management solutions in the United States.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass refers to the vast amount of waste matter that is composed of parts from living or recently dead organisms. A dead tree, fallen leaves, animal byproducts and dung are all forms of biomass. All of these can be used to produce alternative fuels that can replace coal and other fossil fuels for producing energy.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
For more information about CLNO, visit www.cleantechtransitinc.com
Resolute Energy Corporation (NYSE:REN) announced that it will issue a press release covering operating and financial results for its quarter ended June 30, 2011, after the market closes on Monday, August 8, 2011. An investor conference call to review the second quarter results will be held on Monday, August 8, 2011, at 5:00 p.m. Eastern Time.
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, and development of oil and gas properties primarily in onshore properties in the United States.
Valley National Bancorp (NYSE:VLY), the holding company for Valley National Bank, reported net income for the second quarter of 2011 of $36.9 million, or $0.22 per diluted common share, as compared to the second quarter of 2010 earnings of $33.0 million, or $0.20 per diluted common share. See the "Performance Highlights" section below for more details. All common share data presented in this press release, including the earnings per diluted common share data above, was adjusted for a five percent stock dividend issued on May 20, 2011.
Valley National Bancorp operates as the bank holding company for Valley National Bank that provides a range of commercial, retail, trust, and investment services.
TransAlta Corp. (NYSE:TAC) reported comparable earnings for the second quarter of 2011 of $65 million ($0.29 per share) versus $33 million ($0.15 per share) for the same period in 2010. The improved comparable results for the second quarter were due to increased Generation gross margins as a result of higher wind and hydro volumes, fewer planned and unplanned outages at our Alberta coal facilities, and the optimization of Centralia Thermal. Energy Trading gross margins also increased compared to the second quarter of 2010.
TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company.
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