On Monday, Shares of Fluor Corporation (NEW) (NYSE:FLR), gained 0.42% to $48.23.
Fluor Corporation declared financial results for its second quarter ended June 30, 2015. Net earnings attributable to Fluor from ongoing operations were $149 million or $1.00 per diluted share, contrast with $163 million, or $1.02 per diluted share a year ago. Merged segment profit for the quarter was $282 million, down from $313 million in the second quarter of 2014. Segment profit results reflect a 21 percent enhance in Oil & Gas, which was offset by a decline in the Industrial & Infrastructure, Power and Global Services segments. Revenue for the second quarter was $4.8 billion, down from $5.3 billion a year ago, mainly due to reductions in project execution activities in the Industrial & Infrastructure segment.
New awards for the quarter were $4.3 billion, counting $2.7 billion in Oil & Gas, $726 million in Government and $607 million in Industrial & Infrastructure. Merged backlog at the end of the quarter rose to $41.6 billion, up modestly over last quarter, and up from $40.3 billion a year ago.
Corporate G&A expense for the second quarter of 2015 was $48 million, contrast with $57 million a year ago. Expenses in the quarter reduced primarily due to lower stock-based compensation expense. During the quarter, the Company repurchased about $103 million worth of Fluor shares, and paid out $31 million in dividends to shareholders. Fluor’s cash and marketable securities balance at quarter-end was $2.1 billion.
Fluor Corporation, through its auxiliaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project administration services worldwide.
Shares of One Horizon Group Inc (NASDAQ:OHGI), declined -4.08% to $1.41, during its last trading session.
One Horizon Group, declared that it has signed a contract to be the exclusive supplier of Voice over IP services to KeyIdea Information Technology Co., Ltd, a renowned manufacturer of satellite equipment in China. KeyIdea will commence operations of their new maritime satellite service in the fourth quarter of 2015 and will supply their crew-calling services exclusively using the Aishuo platform.
One Horizon further expands its subscriber base through the high Revenue Per User (“RPU”) crew-calling distribution channels by providing the newest entrant in the Chinese satellite operator space with a new recurring revenue stream for voice and messaging on top of the traditional equipment sales and satellite airtime rental revenues. KeyIdea will purchase pre-paid calling cards from Aishuo and resell to the crew on-board. Their fleets or crew members will have the availability to top-up online using the App. The calls will be carried through Aishuo’s Public Switched Telephone Network (“PSTN”) in China and billed to the crew on a pay-as-you-go basis.
One Horizon’s optimized technology was selected from a shortlist of platforms evaluated by KeyIdea as its unique low bandwidth usage coupled with high voice quality makes it an ideal solution for smaller capacity Internet connections such as those found on 2G, 3G and satellite. The Company’s track record of successful maritime deployments with Singapore Telecommunications and Smart Communications in the Philippines (“Smart”) were key reference deployments over satellite that KeyIdea considered as part of their selection process.
One Horizon Group, Inc., through its auxiliaries, develops and licenses software solutions to telecommunications operators in Europe, Asia, the Russian Federation, and the United States.
At the end of Monday’s trade, Shares of The Fresh Market Inc (NASDAQ:TFM), lost -2.09% to $28.99.
The Fresh Market declared it will report financial results for the fiscal quarter ended July 26, 2015, on Thursday, August 20, 2015, after the market close. The Company will host a conference call to talk about the financial results at 5:00 p.m. ET.
The Fresh Market, Inc. operates as a specialty grocery retailer in the United States. The company offers various food products that focus on perishable product categories, counting meat, seafood, produce, deli, bakery, floral, sushi, and prepared foods; and on non-perishable product categories, such as traditional grocery, frozen, and dairy products, in addition to bulk, coffee and candy, beer and wine, and health and beauty products.
Finally, ANADIGICS, Inc. (NASDAQ:ANAD), ended its last trade with 18.52% gain, and closed at $0.363.
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ANADIGICS, Inc. designs, manufactures, and sells radio frequency (RF) semiconductor solutions for infrastructure and mobile communications, and data transmission markets. The company’s product portfolio comprises line amplifiers, reverse path amplifiers, front-end integrated circuits (FEICs), and power amplifiers (PAs). Its CATV solutions comprise of line amplifiers, reverse path amplifiers, and other RF products that provide the critical link within CATV infrastructure communications networks, in addition to CPE devices, such as set-top boxes and cable modems.
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