On Thursday, Shares of American Airlines Group Inc. (NASDAQ:AAL), gained 2.85% to $42.61.
American Airlines Group stated its second quarter 2015 results.
- Stated record quarterly net profit of $1.9 billion not taking into account net special charges, a 27 percent enhance as compared to the second quarter 2014
- Stated record quarterly GAAP net profit of $1.7 billion, a 97 percent enhance as compared to last year’s second quarter
- Repurchased over $750 million of common stock and authorized an additional $2 billion share repurchase program
- Declared a dividend of $0.10 per share to be paid on August 24, 2015, to shareholders of record as of August 10, 2015.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Shares of United Technologies Corporation (NYSE:UTX), declined -0.40% to $101.14, during its last trading session.
United Technologies Corporation stated second quarter earnings per share of $1.73 and net income attributable to common shareowners of $1.5 billion, down 6 percent and 8 percent respectively as compared to the preceding year. Results for the current quarter comprise unfavorable one-time items and restructuring charges of $0.08 per share. Net favorable one-time items offset restructuring costs in the second quarter of last year. Not taking into account these items in both quarters, earnings per share of $1.81 reduced 2 percent year over year. Foreign currency had an unfavorable impact of $0.06.
Sales of $16.3 billion reduced by 5 percent, reflecting the impact of adverse foreign exchange (4 points) and absence of the preceding year Sikorsky Canadian Maritime Helicopter Program adjustment (5 points), which were partially offset by the benefit of organic growth (3 points) and acquisitions (1 point) in 2015. Second quarter segment operating profit raised 21 percent over the preceding year quarter. Adjusted for restructuring costs and net one-time items, segment operating profit was down 3 percent.
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Finally, Ally Financial Inc. (NYSE:ALLY), ended its last trade with -1.28% loss, and closed at $22.38.
Ally Financial, has declared quarterly dividend payments for certain outstanding preferred stock. Each of these dividends were declared by the board of directors on July 22, 2015, and are payable on Aug. 17, 2015.
A quarterly dividend payment was declared on Ally’s Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of about $23 million, or $17.89 per share, and is payable to shareholders of record as of Aug. 1, 2015. Additionally, a dividend payment was declared on Ally’s Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of about $14.8 million, or $0.53 per share, and is payable to shareholders of record as of Aug. 1, 2015.
Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, counting a range of financial services and insurance products to automotive dealers and retail customers.
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