On Tuesday, Shares of SeaDrill Limited (NYSE:SDRL), surged 8.45% to $8.98, as oil prices steadied on Tuesday, with Brent recovering from near six-month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China’s stock market meltdown.
U.S. crude futures settled up 59 cents, or 1.2 percent, at $47.98 a barrel. Reuters Reports
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.
Shares of Pandora Media, Inc. (NYSE:P), inclined 5.39% to $16.83, during its last trading session.
Pandora Media declared financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Financial Results
- Revenue: For the second quarter of 2015, total revenue was $285.6 million, a 30% year-over-year enhance. Advertising revenue was $230.9 million, a 30% year-over-year enhance. Subscription and other revenue was $54.6 million, a 31% year-over-year enhance.
- Adjusted EBITDA: For the second quarter of 2015, adjusted EBITDA was $16.3 million, a 29% year-over-year improvement. Adjusted EBITDA excludes $27.5 million in expense from stock-based compensation, $5.0 million of depreciation and amortization expense, $0.3 million of other income and $0.1 million of provision for income taxes.
- Cash and Investments: For the second quarter of 2015, the Company ended with $461.5 million in cash and investments, contrast to $481.3 million at the end of the preceding quarter. Cash used by operating activities was $9.9 million for the second quarter of 2015, contrast to $7.1 million used in operating activities in the same period of the preceding year.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
Finally, Skechers USA Inc. (NYSE:SKX), ended its last trade with 2.29% gain, and closed at $124.55.
Grammy-nominated singer and songwriter Meghan Trainor is teaming up with hot lifestyle footwear company Skechers. She will appear in the Company’s global marketing and social media campaigns through 2017. Trainor, who became a pop sensation last summer with her six-times platinum single “All About That Bass,” will complement Demi Lovato’s ongoing Skechers Colorful Comfort campaign when she makes her first official appearance in a new Skechers television commercial set to launch later this year.
“I’m very excited to work with Skechers!” exclaimed Meghan Trainor. “I’m proud to get behind a company that celebrates style and being true to yourself! The shoes are SO comfortable and stylish too. I know my fans will love this campaign.”
“We couldn’t be more thrilled to partner with Meghan Trainor on a new bright and colorful women’s campaign that will be ‘all about the shoes,’” began Michael Greenberg, president of Skechers. “From her beautiful voice to her fun, carefree image, Meghan is an amazing talent who engages with millions of teens and young women around the globe. A true original, Meghan is a perfect fit for Skechers and our super successful, fashionable and comfortable footwear.”
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, in addition to performance footwear for men and women under the Skechers GO brand name.
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