On Thursday, Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), lost -6.42% to $29.87, hitting its lowest level.
Twenty-First Century Fox stated financial results for the three months and full year ended June 30, 2015.
Full Year Company Results
The Company stated total revenues of $28.99 billion, a $2.88 billion decrease from preceding year revenues of $31.87 billion. Not taking into account the net revenues from the Direct Broadcast Satellite Television (“DBS”) businesses, Sky Italia and Sky Deutschland AG, which were sold in November 2014 to Sky plc (“Sky”), in both years, adjusted revenues raised $890 million, or 3%, over the $26.06 billion of adjusted revenues in the preceding year. This enhance was primarily driven by double-digit revenue growth at the Cable Network Programming segment.
The Company stated annual total segment operating income before depreciation and amortization (“OIBDA”) of $6.72 billion, which is equal to the amount stated in the preceding year. Not taking into account the OIBDA contributions from the DBS businesses in both years, OIBDA raised $197 million, or 3%, over the $6.29 billion of adjusted OIBDA in the preceding year, due to higher contributions from the Company’s Cable Network Programming and Filmed Entertainment segments.
The Company stated annual income from ongoing operations attributable to stockholders of $8.37 billion ($3.93 per share), contrast with $3.79 billion ($1.67 per share) in the preceding year. The full year results comprise $4.20 billion of income in Other, net, principally reflecting the gain on the Company’s sale of the DBS businesses to Sky partially offset by about $800 million in charges recorded in the fourth quarter principally related to programming inventory that will no longer be aired, contract termination costs for a cancelled Indian cricket tournament and the disposition of certain pension liabilities. The full year results also comprise about $800 million in gains comprised of in Equity earnings of associates primarily related to the Company’s share of Sky’s gains on the sale of certain investments. Not taking into account the net income effects in both years of Other, net and gains and other adjustments related to Sky and Endemol Shine Group comprised of in Equity earnings from associates, adjusted annual income per share from ongoing operations attributable to stockholders was $1.72 contrast with the adjusted year-ago result of $1.55.
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Direct Broadcast Satellite Television segments.
Shares of Starbucks Corporation (NASDAQ:SBUX), declined -3.02% to $57.23, during its last trading session.
Starbucks Coffee Company (NASDAQ:SBUX), together with Premium Restaurants of America (PRA), its long-term planned licensing partner in Central America, opened its first store in Panama, making it Starbucks 15th market in Latin America and 67th worldwide. Located in Panama City’s Street Mall shopping center, the new store proudly features Starbucks Reserve™ Panama Carmen Estate coffee, part of the company’s exclusive Starbucks Reserve™ collection of unique, small-batch coffees.
Starbucks® stores in Panama are operated through a planned licensing agreement with El Salvador-based Premium Restaurants of America (PRA), formerly named Corporación de Franquicias Americanas (CFA), which initially teamed up with Starbucks in 2010 for the opening of the company’s first store in San Salvador. Since then PRA has opened 19 Starbucks® stores, with eight in El Salvador, five in Guatemala, five in Costa Rica and one opening recently in Panama, employing more than 340 partners across the region. Together, Starbucks and PRA plan to open at least 20 stores in Panama City over the next five years.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
Finally, The Chemours Company (NYSE:CC), ended its last trade with 17.21% gain, and closed at $11.10.
The Chemours Company, declared financial results for the second quarter 2015. Chemours was a wholly-owned partner of DuPont during the period, and these results reflect a stand-alone basis of presentation.
Second quarter net sales were $1.5 billion, a decrease of 10 percent from $1.7 billion in the preceding-year quarter. Second quarter net loss was $18 million, or a pro forma net loss of $0.10 per diluted share, as compared to net income of $116 million in the second quarter 2014. Adjusted EBITDA was $127 million as compared to $235 million in the preceding year quarter. Profitability was reduced as a result of 11 percent lower-global- average local TiO2 prices, about $48 million from unfavorable currency movements and about $15 million from planned and unplanned plant outages. Lower year-over-year corporate and other operating costs partially offset these impacts.
The Chemours Company, a chemical company, provides titanium technologies, fluoroproducts, and chemical solutions. Its flagship products comprise brands, such as Teflon, Ti-Pure, Krytox Viton, Opteon, and Nafion.
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