On Thursday, Shares of Discovery Communications Inc. (NASDAQ:DISCA), gained 3.48% to $29.88.
Discovery Communications stated financial results for the second quarter ended June 30, 2015.
“Driven by our unmatched portfolio and steady growth around the world, Discovery’s strong start to the year continued in the second quarter,” said Discovery Communications President and CEO David Zaslav. “We have carried that momentum into the third quarter and signed three landmark deals - the historic agreement for the Olympic Games in Europe, our agreement to acquire full ownership of Eurosport and our comprehensive long-term renewal with Comcast - that will bolster Discovery’s position and market share for years to come. I am happy with the progress we made in the first half of the year and look forward to building our stable of content, IP and world-class platforms to drive viewer engagement and meaningful value to distributors, advertisers and shareholders now and into the future.”
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It 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 Energy Transfer Partners LP (NYSE:ETP), inclined 3.11% to $47.77, during its last trading session.
Energy Transfer Partners stated its financial results for the quarter ended June 30, 2015. Adjusted EBITDA for ETP for the three months ended June 30, 2015 totaled $1.49 billion, an enhance of $95 million contrast to the same period last year. Distributable Cash Flow attributable to the partners of ETP, as adjusted, for the three months ended June 30, 2015 totaled $894 million, an enhance of $149 million contrast to the same period last year. Income from ongoing operations for the three months ended June 30, 2015 was $839 million, an enhance of $334 million contrast to the same period last year.
On April 30, 2015, a wholly-owned partner of the Partnership merged with Regency Energy Partners LP (“Regency”), with Regency ongoing as the surviving entity (the “Regency Merger”). Each Regency common unit and Class F unit was converted into the right to receive 0.4124 Partnership common units. ETP issued 172.2 million Partnership common units to Regency unitholders, counting 15.5 million units issued to Partnership auxiliaries. The 1.9 million outstanding Regency series A preferred units were converted into corresponding new Partnership Series A Preferred Units on a one-for-one basis.
In connection with the Regency Merger, Energy Transfer Equity, L.P. (“ETE”) will reduce the incentive distributions it receives from the Partnership by a total of $320 million over a five-year period. The IDR subsidy in connection with the Regency Merger will be $80 million in the first year post-closing and $60 million per year for the following four years.
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
Finally, Mohawk Industries, Inc. (NYSE:MHK), ended its last trade with -2.62% loss, and closed at $197.44.
Mohawk Industries, declared 2015-second quarter net earnings of $186 million and diluted earnings per share (EPS) of $2.53. Not taking into account unusual charges, net earnings were $199 million and EPS was $2.69, a 22% enhance over last year’s second quarter adjusted EPS and the highest adjusted quarterly EPS in the company’s history. Net sales for the second quarter of 2015 were $2.0 billion, flat as compared to the preceding year’s second quarter or a 7% enhance on a constant currency exchange rate basis. For the second quarter of 2014, net sales were $2.0 billion, net earnings were $153 million and EPS was $2.08; not taking into account unusual charges, net earnings were $162 million and EPS was $2.21.
For the six months ending July 4, 2015, net sales were $3.92 billion, an enhance of about 2% as compared to preceding year or an enhance of about 9% on a constant currency exchange rate basis. Net earnings and EPS for the six-month period were $209 million and $2.83, respectively. Net earnings not taking into account unusual charges were $324 million and adjusted EPS was $4.39, an enhance of 28% over the six-month period adjusted EPS result in 2014. For the six-months ending June 28, 2014, net sales were $3.86 billion, net earnings were $234 million and EPS was $3.19; not taking into account unusual charges, net earnings and EPS were $252 million and $3.44.
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial applications for remodeling and new constructions worldwide.
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