On Monday, Shares of Discovery Communications Inc. (NASDAQ:DISCA), lost -3.87% to $26.05.
Discovery Communications stated financial results for the second quarter ended June 30, 2015.
Second Quarter Results
Second quarter revenues of $1,654 million raised $44 million, or 3%, over the second quarter a year ago, led by 5% growth at U.S. Networks and 1% growth at International Networks. Adjusted Operating Income before Depreciation and Amortization (“OIBDA”) reduced 2% to $680 million, as 7% growth at U.S. Networks was more than offset by an 11% decline at International Networks and a small operating loss at Education and Other. Total Company revenues grew 11% and Adjusted OIBDA grew 6% not taking into account currency effects, as changes in foreign currency exchange rates reduced both second quarter revenue and Adjusted OIBDA growth by 8%. Not taking into account currency effects, the impact of Eurosport(2) and the consolidation of Discovery Family, total Company revenues raised 4% and Adjusted OIBDA raised 3%.
Second quarter net income accessible to Discovery Communications, Inc. reduced to $286 million contrast to $379 million for the second quarter a year ago, primarily due to higher foreign currency losses, a lower gain on disposition, a gain on the consolidation of Eurosport in the preceding year, and higher restructuring and other charges due to content impairments, partially offset by lower income tax expense. Adjusted Earnings Per Diluted Share (“Adjusted EPS”), which excludes the impact of amortization of acquisition-related intangible assets, was $0.49 in the second quarter of this year, down 16%, contrast with $0.58 in the same period a year ago. Adjusted EPS raised 4% not taking into account currency effects, as changes in foreign currency exchange rates reduced second quarter Adjusted EPS by 20%. For the last twelve months, Adjusted EPS not taking into account currency was up 11% contrast with the preceding twelve month period.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. The company owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
Shares of Agnico Eagle Mines Ltd (USA) (NYSE:AEM), declined -5.77% to $24.68, during its last trading session.
Agnico Eagle Mines Limited provided an update on exploration drilling results at its Amaruq gold project in Nunavut, northern Canada. This rapidly growing deposit remains a focus for the Company given its economic potential, partly due to its close proximity to Agnico Eagle’s nearby Meadowbank mine and mill. This update comprises an expanded resource estimate for the Whale Tail deposit based on drilling through June 30, 2015. The Company last stated drill results from this project in its news release dated July 29, 2015. Highlights for the 2015 program comprise:
- Mineral resources expanded by 35% in the Whale tail deposit - Drilling in the first half of 2015 has resulted in an updated inferred resource estimate of 2.0 million ounces of gold (9.7 million tonnes grading 6.47 grams per tonne (g/t) gold) as of June 30, 2015 , representing a 35% enhance in gold content contrast to the December 31, 2014 estimate
- Thick, high-grade ore shoot defined in Whale Tail deposit - An open-ended east-plunging high-grade ore shoot in the Whale Tail deposit has yielded intersections of 6.7 g/t gold (capped) over 32.3 metres at 284 metres depth (AMQ15-310), and 10.4 g/t gold (capped) over 21.9 metres at 311 metres depth (hole AMQ15-330)
- Gold mineralization encountered in gap between Mammoth Lake and Whale Tail deposit - Gold mineralization has been found in the gap between the Whale Tail deposit and the eastern part of Mammoth Lake, counting 10.8 g/t gold (capped) over 6.9 metres at 132 metres depth (hole AMQ15-351) and 9.3 g/t gold (capped) over 4.2 metres, also at 132 metres depth (hole AMQ15-302)
- Infill drilling yields multiple intercepts at open pit and underground depths - Successful infill and deep exploration drilling in the western part of the Whale Tail deposit confirms multiple high-grade lenses, such as in hole AMQ15-289 with 4.4 g/t gold (capped) over 7.7 metres at 107 metres depth, 10.6 g/t gold (capped) over 5.6 metres at 189 metres depth and 5.9 g/t gold (capped) over 45.0 metres at 253 metres depth counting 9.0 g/t gold (capped) over 13.0 metres at 273 metres depth
- New prospecting results - An intensive till sampling program is presently underway to cover about 2,000 hectares in the area surrounding the known discoveries. The program is confirming formerly identified boulder trends and identifying new target areas. Regional reconnaissance prospecting on the entire property has led to the discovery of several new gold-anomalous areas along the belt, outside of the Whale Tail - Mammoth area.
- Engineering studies and permitting progressing - Engineering and environmental baseline studies are underway to support the permitting process for Amaruq as a potential satellite open pit to the Meadowbank mine; The application to construct an all-weather access road between Meadowbank and the Amaruq site was filed in the first quarter of 2015
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, in addition to for silver, copper, zinc, and lead.
At the end of Monday’s trade, Shares of Swift Energy Company (NYSE:SFY), lost -4.78% to $0.438.
Swift Energy Company declared that on August 14, 2015, the New York Stock Exchange (the “NYSE”) notified the Company that it does not comply with the continued listing standards set forth in Sections 802.01B and 802.01C of the NYSE’s Listed Company Manual. Specifically, the NYSE notified the Company that the average closing price per share of the Company’s common stock over the preceding 30 trading-day period was $0.96 as of August 12, 2015 and, therefore, that the Company’s common stock had fallen below the required minimum average closing price of Section 802.01C of $1.00 per share over a successive 30 trading-day period. Additionally, the NYSE notified the Company that the Company’s average global market capitalization for the preceding 30 trading-day period is below $50 million, and the Company’s stockholders’ equity is less than $50 million, which are the NYSE minimum requirements under Section 802.01B. In compliance with NYSE procedures, the Company intends to notify the NYSE within ten business days of its intent to cure both deficiencies and return to compliance with the NYSE continued listing requirements.
Under Section 802.01C (i.e., stock price standard), the Company has six months following the NYSE notification to regain compliance with the minimum share price requirement. The Company can regain compliance with Section 802.01C at any time during the six-month cure period if the Company’s common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or the last trading day of the cure period.
To indicate the Company’s desire and ability to regain compliance with Section 802.01B (i.e., market capitalization standard) within 18 months, the Company will submit a business plan to the NYSE within 45 days from receipt of the notice from the NYSE. If the NYSE approves the Company’s business plan, the Company’s shares will continue to be listed and traded on the NYSE during the 18-month cure period, subject to its compliance with other NYSE continued listing standards.
Swift Energy Company, an independent oil and gas company, acquires, explores, develops, and operates oil and gas properties. The company focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana.
Finally, Bona Film Group Ltd (ADR) (NASDAQ:BONA), ended its last trade with -6.78% loss, and closed at $11.00.
Bona Film Group Limited declared that the Company will report its unaudited financial results for the second quarter ended June 30, 2015, on Wednesday, August 26, 2015 after market close.
Bona administration will hold the earnings conference call at 8:00 p.m. Eastern Time on Wednesday, August 26, 2015 (8:00 a.m. Beijing/Hong Kong Time on Thursday, August 27, 2015). On the call, administration will talk about the results and highlights of the quarter, in addition to answer questions from investors.
Bona Film Group Limited, through its auxiliaries, operates as an integrated film company in the People’s Republic of China and internationally. The company operates through four segments: Film Distribution, Film Investment and Production, Talent Agency, and Movie Theater.
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