On Monday, Shares of CONSOL Energy Inc. (NYSE:CNX), lost -3.20% to $16.66.
CONSOL Energy, is declaring several items in advance of its planned July 28 second quarter earnings declaration.
First, CONSOL anticipates to report a second quarter loss from operations, primarily due to lower commodity prices. Operationally, CONSOL anticipates to achieve previous quarter total production guidance for both the E&P and Coal Divisions.
Separate from the operating loss, the company anticipates to record a noteworthy impairment charge due to the reduction in the carrying value of CONSOL’s conventional shallow oil and natural gas assets, largely resulting from a continuation of depressed NYMEX forward prices. This impairment charge is a non-cash item that will not affect the company’s reserves, Marcellus and Utica Shale segments, or net asset value (NAV). Also, the impairment will lower depreciation, depletion and amortization (DD&A) moving forward.
Finally, in the second quarter earning’s release and call, CONSOL anticipates to talk about its plan to generate free cash flow over the next 18-months, starting in the second half of 2015, while maintaining annual gas production guidance at 30% growth for 2015 and 20% for 2016.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
Shares of General Mills, Inc. (NYSE:GIS), declined -0.19% to $56.83, during its last trading session.
General Mills, unveiled its line-up of new products set to debut this summer. Leading this collection is a host of new products to align with growing consumer interest in wellness, counting new Yoplait Plenti, Nature Valley Toasted Oats Muesli, and Annie’s organic soups.
“General Mills has been growing for more than a century, constantly innovating and investing to meet changing consumer needs. As we enter fiscal 2016, we are keenly aware of our consumers changing food preferences. This presents a tremendous opportunity to create growth for General Mills,” said Ken Powell, General Mills Chairman and Chief Executive Officer. “We remain deeply committed to following our consumers and adapting our portfolio to their tastes and interests.”
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries.
Finally, Synchrony Financial (NYSE:SYF), ended its last trade with 2.59% gain, and closed at $35.99.
Synchrony Financial, released findings from its 2015 Digital Study that further confirm the importance of a comprehensive mobile strategy for retailers to effectively engage shoppers and enhance the customer experience.
The survey, conducted in March and April 2015 with nearly 7,000 Synchrony Bank cardholders and random shoppers nationwide, gathered insights on how customers view mobile technology for shopping and what they expect in their mobile retail experience. Key findings of the third annual study comprise:
- Almost 50% of survey respondents are now shopping using a mobile device.
- Almost one-third are purchasing a product after seeing it on social media.
- About one-third of survey respondents indicate that text offers would drive an incremental shopping visit.
- Value propositions, counting free shipping, loyalty programs and personalized offers, continue to be important.
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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