On Thursday, Shares of AT&T, Inc. (NYSE:T), lost -0.99% to $33.93.
AT&T Inc. stated solid second-quarter results with strong adjusted EPS growth, expanding margins and growing free cash flow.
Merged Financial Results
AT&T’s merged revenues for the second quarter totaled $33.0 billion, up 1.4 percent as compared to the year-earlier period. When not taking into account the divested Connecticut wireline property, revenues were up 2.2 percent. Contrast with results for the second quarter of 2014, operating expenses were $27.3 billion as compared to $27.0 billion; operating income was $5.7 billion as compared to $5.6 billion in the second quarter a year ago, and operating income margin was 17.3 percent, up slightly from 17.2 percent in the year-ago quarter. When adjusting for merger and integration-related expenses, operating income was $6.5 billion as compared to $5.8 billion a year ago; and operating income margin was 19.6 percent, up 190 basis points from a year ago.
Second-quarter 2015 net income attributable to AT&T totaled $3.0 billion, or $0.58 per diluted share, contrast to net income of $3.5 billion, or $0.68 per diluted share in the year-ago quarter. Adjusting for $0.05 of Leap network decommissioning, $0.03 of wireless integration expenses and $0.03 of DIRECTV and Mexico merger and integration-related expenses, earnings per share was $0.69 contrast to an adjusted $0.62 in the year-ago quarter, an enhance of more than 11 percent.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of NetScout Systems, Inc. (NASDAQ:NTCT), declined -4.43% to $37.54, during its last trading session.
Danaher Corporation declared recently the final proration factor of 83.2431 percent in its split-off exchange offer for Danaher common stock in connection with the formerly declared separation of Danaher’s Communications business and merger of Potomac Holding LLC, the Danaher partner holding Danaher’s Communications business, with a partner of NetScout Systems, Inc. (NTCT). The merger of Potomac Holding LLC and a partner of NetScout was accomplished on July 14, 2015.
A total of 31,248,537 shares of Danaher common stock were validly tendered (and not withdrawn) in the exchange offer, counting 175,603 shares tendered by odd-lot shareholders (not taking into account plan participants in Danaher savings plans). Such odd-lot shareholders were not subject to proration, and their shares were fully accepted in the offer. The remaining validly tendered shares of Danaher common stock were accepted in the exchange on a pro rata basis using the final proration factor. Shares of Danaher common stock that were validly tendered but not accepted for exchange will be returned to tendering shareholders.
Under the terms of the exchange offer, 62,500,000 common units of Potomac Holding LLC were accessible for distribution in exchange for shares of Danaher common stock accepted in the offer. The final exchange ratio for the exchange offer was set at 2.4000 common units of Potomac Holding LLC for each share of Danaher common stock validly tendered and not properly withdrawn. Following the merger, each Potomac Holding LLC common unit automatically converted into the right to receive one share of NetScout common stock. Accordingly, Danaher shareholders who tendered their shares of Danaher common stock as part of the exchange offer received 2.4000 shares of NetScout common stock for each share of Danaher common stock accepted for exchange. Danaher accepted the maximum of 26,041,666 shares of Danaher common stock for exchange in the offer, or about 4 percent of its outstanding shares.
NetScout Systems, Inc., together with its auxiliaries, designs, develops, manufactures, markets, licenses, sells, and supports network, application, and service assurance solutions in the United States, Europe, Asia, and internationally.
Finally, Polaris Industries Inc. (NYSE:PII), ended its last trade with -3.09% loss, and closed at $143.15.
Polaris Industries designated Gwenne Henricks to the Company’s Board of Directors on July 22, 2015. Ms. Henricks is Vice President of Product Development & Global Technology and Chief Technology Officer for Caterpillar Inc. Ms. Henricks joined Caterpillar in 1981, and during her thirty-four year career she has held numerous engineering and executive roles progressing in scope and complexity.
Ms. Henricks holds a B.S. in physics and Master of Science degree in electrical engineering, both from Bradley University. She also earned an M.B.A. from the University of Illinois. She serves on the Bradley University Engineering Advisory Committee, the South Dakota School of Mines & Technology Advisory Council, and the Conference Board’s Product and Services Development Council.
Polaris Industries Inc., together with its auxiliaries, designs, engineers, manufactures, and markets off-road vehicles, snowmobiles, motorcycles, and small vehicles primarily in the United States, Canada, Western Europe, Australia, and Mexico.
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