On Thursday, Shares of Marathon Oil Corporation (NYSE:MRO), lost -1.72% to $19.45, hitting its lowest level.
Marathon Oil Corporation stated a second quarter 2015 adjusted net loss of $155 million, or $0.23 per diluted share, not taking into account the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The stated net loss was $386 million, or $0.57 per diluted share.
North America E&P
North America Exploration and Production (E&P) production accessible for sale averaged 274,000 net barrels of oil equivalent per day (boed) for second quarter 2015, a 21 percent enhance over the year-ago quarter and contrast to 283,000 net boed for first quarter 2015. The decrease from first quarter 2015 was in line with the planned reductions in resource play drilling activity resulting in the number of wells to sales down by more than 35 percent. North America production costs were reduced to $7.19 per barrel of oil equivalent (boe), down 31 percent from the year-ago period and 9 percent from the preceding quarter, driven by a continued focus on leveraging efficiencies across production operations. Full-year guidance on unit production costs has been adjusted down by $1.25 per boe.
Marathon Oil Corporation operates as an energy company. It operates in three segments: North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. The North America Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America.
Shares of Sally Beauty Holdings Inc. (NYSE:SBH), declined -9.61% to $26.81, during its last trading session, hitting its lowest level.
Sally Beauty Holdings declared financial results for the fiscal 2015 third quarter. The Company will hold a conference call recently at 10:00 a.m. (Central) to talk about these results and its business.
FISCAL 2015 THIRD QUARTER FINANCIAL HIGHLIGHTS
Net Sales: For the fiscal 2015 third quarter, merged net sales were $967.9 million, an enhance of 2.0% from the fiscal 2014 third quarter. The fiscal 2015 third quarter sales enhance is attributed to same store sales growth and the addition of new stores. The unfavorable impact from changes in foreign currency exchange rates in the fiscal 2015 third quarter was $26.2 million, or 2.8% of sales. Merged same store sales growth in the fiscal 2015 third quarter was 3.1% as compared to 2.1% in the preceding year quarter. Merged same store sales for fiscal 2015 are now predictable to be in the range of 2.5% to 3.0% as compared to previous expectations of merged same store sales growth of slightly above 3%.
Gross Profit: Merged gross profit for the fiscal 2015 third quarter was $481.3 million, an enhance of 1.2% over gross profit of $475.7 million for the fiscal 2014 third quarter. Gross profit as a percentage of sales was 49.7%, a 40 basis point decline from the fiscal 2014 third quarter. Merged gross profit margin for fiscal year 2015 is now predictable to be flat when contrast to fiscal year 2014 merged gross profit margin of 49.6%. This differs from previous expectations of fiscal year 2015 merged gross profit margin expansion of 20 to 30 basis points over the preceding year.
Sally Beauty Holdings, Inc., together with its auxiliaries, operates as a specialty retailer and distributor of professional beauty supplies primarily in North America, South America, and Europe.
Finally, Delta Air Lines, Inc. (NYSE:DAL), ended its last trade with -0.56% loss, and closed at $46.04.
Delta Air Lines stated financial and operating performance for July 2015.
Merged passenger unit revenue (PRASM) for the month of July reduced 3.0 percent year over year, with pressure from foreign exchange, lower surcharges in international markets, and continued yield pressure in select domestic markets.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
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