On Monday, Shares of Denbury Resources Inc. (NYSE:DNR), lost -7.44% to $4.23, hitting its lowest level, as Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices.
Brent September crude LCOc1 fell 45 cents to settle at $56.65 a barrel, having traded between $56.33 and $57.44.
U.S. August crude CLc1, set to expire on Tuesday, fell 74 cents to settle at $50.15, having fallen to $49.85, its first time below $50 since April, according to Reuters.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Shares of International Business Machines Corporation (NYSE:IBM), inclined 0.41% to $173.22, during its last trading session.
International Business Machines Corporation, declared second-quarter 2015 diluted earnings from ongoing operations of $3.58 per share, down 15 percent year-to-year. Operating (non-GAAP) diluted earnings from ongoing operations were $3.84 per share, contrast with operating diluted earnings of $4.43 per share in the second quarter of 2014, a decrease of 13 percent.
Second-quarter net income from ongoing operations was $3.5 billion contrast with $4.3 billion in the second quarter of 2014, a decrease of 17 percent. Operating (non-GAAP) net income was $3.8 billion contrast with $4.5 billion in the second quarter of 2014, a decrease of 15 percent, significantly influenced by currency, an enhance in workforce rebalancing charges, and a year-earlier gain from the divestiture of the customer care outsourcing business.
For the second-quarter of 2015, IBM stated merged net income of $3.4 billion or $3.50 of diluted earnings per share, counting operating net losses in suspended operations related to the Microelectronics business.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
Finally, Maxim Integrated Products, Inc. (NASDAQ:MXIM), ended its last trade with -1.30% loss, and closed at $31.13.
A new white paper from Maxim Integrated Products, Inc. (MXIM) examines how a new generation of flexible, easy-to-use power modules simplifies power design. Ready-made power modules enable system designers to shorten time to market and solve space constraints on their printed circuit board (PCB).
The white paper, “Next Generation Power Modules Further Simplify Power Design,” explains how these highly efficient power modules integrate all the key components needed for a smaller system-in-package (SiP) power solution. Using Maxim’s new DC-DC power modules, customers can now combine the passive compensation components needed with the voltage regulator for a single, small, power-supply solution in an IC package.
Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.
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