On Tuesday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), gained 3.13% to $3.96.
Sirius XM Holdings declared second quarter 2015 operating and financial results, counting record second quarter revenue of $1.12 billion, up 8% as compared to the second quarter of 2014.
Net income in the second quarter of 2015 was $103 million, counting a pre-tax $108 million charge to settle certain royalty litigation, as compared to $120 million in the second quarter of 2014. Net income per diluted common share was $0.02 in the second quarter of 2015 and 2014. Adjusted EBITDA was $415 million in the second quarter of 2015, up 12% from $370 million in the second quarter of 2014.
Adjusted net income was $170 million in the second quarter of 2015, up 29% from $131 million in the second quarter of 2014. Adjusted net income per diluted common share was $0.03 in the second quarter of 2015 contrast to $0.02 in the second quarter of 2014. Adjusted net income excludes the impact of the settlement of certain royalty litigation during the second quarter of 2015.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Juniper Networks, Inc. (NYSE:JNPR), inclined 0.51% to $27.57, during its last trading session.
Juniper Networks stated preliminary financial results for the three months ended June 30, 2015 and offered its outlook for the three months ending Sept. 30, 2015.
Financial Highlights
Total cash, cash equivalents, and investments as of June 30, 2015 were $3,076 million, contrast to $3,451 million as of March 31, 2015, and $3,960 million as of June 30, 2014.
Juniper’s net cash flow offered by operations for the second quarter of 2015 was $263 million, contrast to net cash offered by operations of $219 million in the first quarter of 2015, and $424 million in the second quarter of 2014. Cash flow in the second quarter of 2014 reflected the gain of $75 million related to the Company’s litigation settlement.
Days sales outstanding in accounts receivable or “DSO” was 39 days in the second quarter of 2015, contrast to 43 days in the preceding quarter, and 41 days in the second quarter of 2014.
Capital expenditures were $40 million and depreciation and amortization of intangible assets expense was $40 million during the second quarter of 2015.
Juniper’s Board of Directors has declared a quarterly cash dividend of $0.10 per share to be paid on Sept. 22, 2015 to shareholders of record as of the close of business on Sept. 1, 2015.
Juniper Networks, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; and T series routers.
Finally, IAMGOLD Corp. (NYSE:IAG), ended its last trade with 4.48% gain, and closed at $1.40, as Gold edges higher.
Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week’s Federal Reserve meeting, at which policymakers are predictable to give further clues on the timing of a U.S. rate enhance, according to Reuters.
Spot gold was up 0.2 percent at $1,095.28 an ounce at 2:26 p.m. EDT, not far from Friday’s low of $1,077, its weakest since early 2010.
U.S. gold futures for August delivery settled down 20 cents an ounce at $1,096.40. Reuters Reports.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits.
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