On Friday, Shares of Tesoro Corporation (NYSE:TSO), lost -8.18% to $ 93.62.
Tesoro Corporation, stated second quarter 2015 net earnings of $582 million, or $4.59 per diluted share contrast to net earnings of $224 million, or $1.70 per diluted share for the second quarter of 2014. Net earnings from ongoing operations for the second quarter were $586 million or $4.62 per diluted share. Adjusted EBITDA for the second quarter 2015 was $1.2 billion contrast to $548 million last year.
“We achieved record levels of EBITDA, net income and EPS for the quarter, underscoring our ability to efficiently optimize our assets across the value chain and leverage favorable market conditions” said Greg Goff, Chairman and CEO. “We returned in excess of $300 million to shareholders in the second quarter and delivered over $325 million in business improvements so far this year. The third quarter is off to an excellent start in the current strong margin environment and we expect our refineries to run at 95% to 100% utilization.”
For the second quarter 2015, the Company recorded segment-operating income of $1.1 billion contrast to segment operating income of $494 million in the second quarter of 2014. The enhance was largely driven by strong demand, continued growth in the logistics segment and business improvements.
Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail.
Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI), declined -5.21% to $42.97, during its last trading session.
CB&I, declared it has been awarded a contract valued at about $60 million for the U.S. Army Corps of Engineers, Omaha District, Rapid Disaster Infrastructure Response Program. CB&I’s scope of work comprises flood control, water diversion projects and channel alignments resulting from time-sensitive natural or man-made disasters throughout the U.S.
“For more than 20 years, CB&I has assisted the U.S. Army Corps of Engineers in providing public and civil works services,” said Chip Ray, President of CB&I’s Capital Services operating group. “We are proud to continue to deliver emergency response and recovery services and serve the federal government for this Rapid Disaster Infrastructure Response program.”
Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide.
At the end of Friday’s trade, Shares of Navient Corp (NASDAQ:NAVI), lost -1.21% to $13.89.
Navient, has declared that Navient Foundation, the company-sponsored philanthropic organization, awarded a $6,000 grant to YMCA of Delaware, a nonprofit organization dedicated to enriching the emotional, physical and social lives of all individuals and families within the community.
“We are thankful for the Navient Foundation’s grant to the YMCA of Delaware,” said Deborah Bagatta-Bowles, chief executive officer, YMCA of Delaware. “These dollars are assisting underserved families send their children to safe and nurturing YMCA day camps statewide. We welcome the partnership with Navient, and look forward to strengthening Delaware together.”
The grant award offered support to the YMCA’s six Delaware locations, which serve low-income children and their families throughout the summer.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other.
Finally, Raytheon Company (NYSE:RTN), ended its last trade with -2.49% loss, and closed at $104.96.
NASA’s Johnson Space Center has awarded to Raytheon Company (RTN) a contract extension with a potential value of $101.9 million. Raytheon will continue to provide operations, maintenance, and engineering services for up to four years to NASA’s Neutral Buoyancy Lab (NBL) and Space Vehicle Mockup Facility (SVMF), facilities that are critical to safe human spaceflight.
The NBL is the deep-water pool astronauts use for spacewalk training. The SVMF hosts full-size mockups and simulators for the International Space Station, Orion capsule and commercial space modules. Both facilities are used to test scenarios and new equipment for human spaceflight.
“The extension allows Raytheon to continue its excellent performance record for this critical space mission support program,” said Dave Wajsgras, president of Raytheon Information, Intelligence, and Services. “We will continue to partner closely with NASA and provide the innovative solutions required for our country’s space programs.”
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide.
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