On Monday, Shares of Seadrill Ltd (NYSE:SDRL), lost -1.27% to $7.77.
Seadrill Ltd, release its second quarter 2015 results on Thursday August 27th, 2015.
A conference call will be held at 12:00 p.m. EDT / 5:00 p.m. BST on Thursday August 27th, 2015.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regardingsemi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Shares of Viavi Solutions Inc (NASDAQ:VIAV), declined -0.53% to $5.65, during its last trading session.
Viavi Solutions Inc, stated results for its fiscal fourth quarter and year ended June 27, 2015.
These results comprise the results of Lumentum, formerly Viavi’s communications and commercial optical products business segment and WaveReady product lines. Viavi accomplished the spinoff of Lumentum on August 1, 2015 by distributing about 80.1% of Lumentum’s common stock to Viavi stockholders. Viavi retained about 19.9%, or 11.7 million shares, of Lumentum’s common stock and intends to sell such stock no later than 3 years from the distribution. Starting with the first quarter of fiscal 2016, Lumentum’s financial results will be separately stated by Lumentum.
GAAP net revenue for fiscal 2015 fourth quarter was $427.7 million, with net loss of $(37.3) million, or $(0.16) per share. Preceding quarter GAAP net revenue was $410.7 million, with net loss of $(13.2) million, or $(0.06) per share. GAAP net revenue for fiscal 2014 fourth quarter was $448.6 million, with net loss of $(25.4) million, or $(0.11) per share.
Non-GAAP net revenue for fiscal 2015 fourth quarter was $427.7 million, with net income of $29.8 million, or $0.13 per share. Preceding quarter non-GAAP net revenue was $410.7 million, with net income of $27.6 million, or $0.12 per share. Non-GAAP net revenue for fiscal 2014 fourth quarter was $448.6 million, with net income of $34.2 million, or $0.14 per share.
Belluzzo added, “Viavi is about agility and raised focus on our business mission as we are focused on driving steady profitability improvement throughout fiscal 2016.”
GAAP net revenue for fiscal 2015 was $1,709.1 million, with net loss of $(85.3) million, or $(0.37) per share. GAAP net revenue for fiscal 2014 was $1,743.2 million, with net loss of $(17.8) million, or $(0.08) per share.
Non-GAAP net revenue for fiscal 2015 was $1,709.1 million, with net income of $126.6 million, or $0.53 per share. Non-GAAP net revenue for fiscal 2014 was $1,743.2 million, with net income of $133.1 million, or $0.56 per share.
Viavi Solutions Inc. engages in the network enablement, service enablement, and optical security and performance products businesses. Its software and hardware platforms and instruments deliver end-to-end visibility across physical, virtual, and hybrid networks.
Finally, Tidewater Inc (NYSE:TDW), ended its last trade with -0.51% loss, and closed at $17.54.
Tidewater Inc, stated a first quarter net loss for the period ended June 30, 2015, of $15.1 million, or $0.32 per common share, on revenues of $304.8 million. For the same quarter last year, net earnings were $43.7 million, or $0.88 per common share, on revenues of $385.7 million. The right away preceding quarter ended March 31, 2015, had a net loss of $9.1 million, or $0.19 per common share, on revenues of $324.8 million.
- $15.0 million ($14.0 million after-tax, or $0.30 per share) in non-cash asset impairment charges that is comprised of in “Gain/loss on asset dispositions, net,” and resulted from impairment reviews undertaken during the quarter, counting write-offs of unreimbursed and/or potentially unrecoverable costs related to cancelled vessel construction contracts and a vessel construction project that is the subject of an on-going arbitration proceeding.
- $10.2 million ($9.5 million after-tax, or $0.20 per share) of total foreign exchange losses, $6.1 million of which is comprised of in Equity in net earnings/(losses) of unmerged companies and related to our Angola joint venture, Sonatide.
Income tax expense of $10.3 million for the quarter ended June 30, 2015 (and the resulting effective income tax rate) largely reflects tax liabilities in certain jurisdictions that levy taxes on bases other than pre-tax profitability (so called “deemed profit” regimes).
Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels to the offshore energy industry worldwide.
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