During Wednesday’s current trade, Intel Corporation (NASDAQ:INTC)’s shares surged 4.13% to $32.79, as demand for server chips assisted offset mixed first-quarter results. Earnings rose 8% to meet consensus projections. Proceed was flat and just a shade below expectations. The stock has been climbing off a March low and is testing resistance at its 10-week moving average.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. The company’s platforms are used in various computing applications comprising notebooks, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, transportation systems, and retail devices.
During morning trade, Molycorp, Inc. (NYSE:MCP)’s shares skyrocketed 55.58% to $0.83.
Siemens AG has selected Molycorp, Inc. (MCP) to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens’ high-efficiency, direct drive wind turbine generators. Molycorp will supply rare earth materials to Shin-Etsu Chemical Co., Ltd., which will produce the rare earth magnets Siemens intends to utilize in its wind turbines.
Siemens officials noted that key factors in choosing Molycorp were Molycorp’s ability to provide greater global diversification and reliability to its supply chain, in addition to the environmental and process innovations Molycorp has built into its Mountain Pass rare earth facility. Among those innovations are the facility’s ability to recycle water, regenerate the chemical reagents needed in rare earth production, generate power from a high-efficiency natural gas cogeneration power plant, and dispose of mine tailings through an innovative paste tailings system.
Siemens officials said that the magnets to be used in its direct drive wind turbines will contain reduced levels of heavy rare earth elements (HREEs), such as dysprosium. In partnershipwith Siemens Wind Power, Molycorp and Shin-Etsu will improve the magnet material to reach zero HREEs, Siemens said. At the same time, Siemens added, supply chain reliability will be raised and costs will be reduced.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products.
Delta Air Lines, Inc. (NYSE:DAL), during its Wednesday’s current trading session gained 3.53%, to $44.60.
Today, DAL stated financial results for the March 2015 quarter.
Proceed Environment:
Delta’s operating proceed improved 5 percent, or $472 million, in the March 2015 quarter contrast to the March 2014 quarter. Traffic raised 3.6 percent on a 5.0 percent raise in capacity, which comprises 2 points due to capacity removed in the first quarter of 2014 as a result of winter storms. Foreign exchange pressured proceed by $105 million for the quarter.
- Passenger proceed raised 3 percent, or $246 million, contrast to the preceding year period. Passenger unit proceed (PRASM) reduced 1.7 percent year over year primarily driven by 1.5 points of negative foreign exchange influence.
- Cargo proceed was unchanged from the preceding year period as higher volumes offset lower yields.
- Other proceed raised 22 percent, or $226 million, driven by SkyMiles proceeds and third-party refinery sales.
Cost Performance:
Merged unit cost adjusted for fuel expense, profit sharing and special items (CASM-Ex3), was down 1.4 percent in the March 2015 quarter on a year-over-year basis, with higher capacity, foreign exchange and the benefits of Delta’s domestic reflecting and other cost initiatives offsetting the company’s investments in its employees, products and operations.
Adjusted for special items, non-fuel operating expense in the quarter raised $333 million year-over-year driven by wage raises, profit sharing, and higher volume-related expenses. These cost raises were partially offset by foreign exchange and savings from Delta’s cost initiatives.
Non-operating expense, adjusted for special items, declined by $34 million as a result of $55 million in lower interest expense, partially offset by an $11 million higher foreign exchange loss on foreign-denominated assets and liabilities contrast to the first quarter of 2014.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Finally, General Electric Company (NYSE:GE), lost -0.36% Wednesday.
General Electric, declared that it will post its first-quarter financial results on its investor relations website at www.ge.com/investor on Friday, April 17, 2015 at about 6:30 a.m. Eastern Standard Time. At that time, the company will also issue a press release. The press release will contain a link to the financial results, but will not contain the full financial information posted on our website.
At 8:30 a.m. Chairman and CEO Jeff Immelt and CFO Jeff Bornstein will hold a webcast for investors, which will be accessible at www.ge.com/investor.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
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