On Thursday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -1.84% to $26.69.
On May 12, Drexel Hamilton downgraded Micron Technology, from “Buy” to “Hold”.
On May 5, Micron Technology, declared that the company has designated Ernie Maddock as Chief Financial Officer and Vice President, Finance, effective June 1, 2015.
Mr. Maddock will join Micron after having served as Executive Vice President and Chief Financial Officer at Riverbed Technology, where he was also responsible for worldwide operations and information technology.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Shares of CSX Corp. (NYSE:CSX), inclined 0.35% to $34.90, during its last trading session.
CSX Corporation, Chief Financial Officer Fredrik Eliasson discussed the company’s performance and second quarter volume and earnings projections at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston.
Eliasson highlighted CSX’s financial performance over the past decade, during which the company delivered a compound annual growth rate in earnings per share of 20 percent, despite the loss of nearly $900 million in coal revenue over the last few years.
Eliasson outlined the company’s view of second quarter volume, which is tracking slightly below predictable levels due to very strong comparisons to last year. However, thanks to improving service levels and asset utilization, the company still anticipates second quarter EPS growth that is flat to slightly up contrast to last year.
For the full year, CSX continues to expect EPS growth in the mid-to-high single digit range, in addition to meaningful margin expansion as the company makes progress toward a mid-60s operating ratio. Earnings growth this year will be driven predominantly by accelerating pricing performance and productivity gains approaching $200 million as the company cycles strong volume comparisons and additional headwinds coal.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, in addition to exports coal to deep-water port facilities.
At the end of Thursday’s trade, Shares of Cypress Semiconductor Corporation (NASDAQ:CY), gained 3.87% to $13.14.
Cypress Semiconductor Corporation, has launched a bidding battle for the Milpitas, Calif.-based Integrated Silicon Solution (ISSI), just two months it agreed to be attained by a Chinese consortium of investors in amid a campaign by activist investor Starboard Value.
Cypress Semiconductor said Wednesday after markets closed that it had offered to acquire Integrated Silicon for $19.75 a share in cash, in a deal worth about $627.3 million.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, specialized semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
Finally, Denbury Resources Inc. (NYSE:DNR), ended its last trade with -1.08% loss, and closed at $7.31.
On April 28, Denbury Resources declared that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable June 30, 2015, to shareholders of record as of the close of business on May 26, 2015.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
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