On Friday, Shares of American Express Company (NYSE:AXP), gained 6.29% to $79.72.
With back-to-school season around the corner, parents and students alike are gearing up to buy this year’s school supplies. Overall, parents anticipate spending an average of $1,239 this back-to-school season, according to the latest American Express Spending & Savings Tracker, up 8% from 2014, and up 24% since 2011. Technology for classroom use is a noteworthy contributor to the added costs, with 82% saying their children use tech for learning (vs. 77% in 2014), counting the following:
- Tablets (57% vs. 51% in 2014)
- Smartphones (29% vs. 24% in 2014)
- Smartboards (18% vs. 17% in 2014)
- eReaders (12% vs. 15% in 2014)
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
Shares of Spectra Energy Corp. (NYSE:SE), declined -0.44% to $29.20, during its last trading session.
Spectra Energy Corp, stated second quarter 2015 distributable cash flow (DCF) of $321 million, contrast with $239 million in the preceding-year quarter. Distributions per limited partner unit for second quarter 2015 were $0.61375, contrast with $0.56625 per limited partner unit in second quarter 2014.
For the quarter, earnings before interest, taxes, depreciation and amortization (EBITDA) were $456 million, contrast with $353 million in the preceding-year quarter.
Net income from controlling interests was $307 million for second quarter 2015, contrast with $215 million in second quarter 2014.
SEGMENT RESULTS
- S. Transmission
U.S. Transmission stated second quarter 2015 EBITDA of $396 million, contrast with $320 million in second quarter 2014.
Quarterly EBITDA results reflect raised earnings mainly from expansions placed into service: TEAM 2014, TEAM South, and Kingsport.
Liquids
Liquids stated second quarter 2015 EBITDA of $78 million, contrast with $51 million in second quarter 2014. The enhance is attributable mainly to higher transportation revenues due to higher volumes and tariff rates at the Express pipeline, in addition to higher earnings from raised volumes on the Sand Hills natural gas liquids (NGL) pipeline.
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
Finally, Nuance Communications, Inc. (NASDAQ:NUAN), ended its last trade with 3.79% gain, and closed at $18.63, hitting its highest level.
Nuance Communications declared financial results for its third quarter fiscal 2015, ended June 30, 2015.
In the third quarter of fiscal 2015, Nuance stated GAAP revenue of $477.9 million, contrast to $475.5 million in the third quarter of fiscal 2014. Nuance stated non-GAAP revenue of $488.7 million, which comprises $10.8 million of revenue lost due to accounting treatment in conjunction with acquisitions, contrast to $486.8 million in the third quarter of fiscal 2014. Q3 15 revenue was negatively affected by currency fluctuations. If Q3 14 currency rates were applied to Nuance’s Q3 15 revenue, Q3 15 revenue would have been about $17 million higher. In Q3 15, total recurring revenue was $330.4 million and represented 68% of total non-GAAP revenue, contrast to $314.3 million and 65% in Q3 14.
In the third quarter of fiscal 2015, Nuance recognized GAAP net loss of $(39.4) million, or $(0.13) per share, contrast to GAAP net loss of $(54.2) million, or $(0.17) per share, in the third quarter of fiscal 2014. In the third quarter of fiscal 2015, Nuance stated non-GAAP net income of $101.1 million, or $0.32 per diluted share, up from non-GAAP net income of $87.6 million, or $0.27 per diluted share, in the third quarter of fiscal 2014. Nuance’s third quarter fiscal 2015 non-GAAP operating margin was 26.4%, up from 23.5% in the third quarter of fiscal 2014. Nuance stated cash flow from operations of $120.3 million in the third quarter of fiscal 2015, up 24% from $97.0 million in the third quarter of fiscal 2014. Nuance ended the third quarter of fiscal 2015 with $647.6 million in total deferred revenue, up 24% from $523.4 million at the end of the third quarter of fiscal 2014. In the third quarter of fiscal 2015, Nuance stated net new bookings of $484.4 million, contrast to $330.4 million in the third quarter of fiscal 2014. Through the first three quarters of fiscal 2015, Nuance stated total net new bookings of $1,092.9 million, up 2% from $1,071.7 million in the first three quarters of fiscal 2014. Nuance ended the third quarter of fiscal 2015 with $488.7 million in cash, cash equivalents and marketable securities.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. It offers hosted and on-premise solutions and services that provide platforms to generate and distribute clinical documentation through the use of dictation and transcription features; clinical documentation improvement programs; and speech recognition solutions for radiology, cardiology, pathology, and related specialties enabling healthcare providers to dictate, edit, and sign reports without manual transcription.
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