On Tuesday, Shares of SunEdison, Inc. (NYSE:SUNE), gained 0.22% to $22.45.
SunEdison and TerraForm Global, Inc. declared that TerraForm Global, a partner of SunEdison, has priced an underwritten initial public offering of 45,000,000 shares of its Class A common stock at a price to the public of $15.00 per share, representing gross proceeds of $675 million. In connection with this offering, TerraForm Global has granted the underwriters a 30-day option to purchase up to an additional 6,750,000 shares of Class A common stock at the initial public offering price. TerraForm Global will also receive gross proceeds of $67.5 million from the sale of shares of Class A common stock in connection with a concurrent private placement transaction at a price per share equal to the initial public offering price.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Shares of MRC Global Inc. (NYSE:MRC), inclined 1.51% to $12.75, during its last trading session.
MRC Global declared second quarter 2015 results.
The company’s sales were $1.198 billion for the second quarter of 2015, which were 20% lower than the second quarter of 2014 and 7.3% lower than the first quarter of 2015. The decline was driven primarily by reduced activity in the upstream sector. Sales were also negatively influenced by the strengthening of the U.S. dollar, which reduced stated sales by $40.8 million. Net income accessible to common stockholders, which is net income less dividends attributable to preferred stockholders, for the second quarter of 2015 was $15.0 million, or $0.15 per diluted share, contrast to $39.3 million, or $0.38 per diluted share for the second quarter of 2014. Adjusted net income accessible to common stockholders, adjusted for certain severance, restructuring and finance charges for the second quarter of 2015, was $23.0 million, or $0.22 per diluted share, contrast to $42.9 million, or $0.42 per diluted share for the second quarter of 2014.
MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally.
Finally, Cognizant Technology Solutions Corporation (NASDAQ:CTSH), ended its last trade with 0.65% gain, and closed at $63.29.
Cognizant Technology Solutions declared its second quarter 2015 financial results.
Highlights—Second Quarter 2015
- Second quarter revenue of $3.09 billion was up 22.6% from the year-ago period and up 6.0% sequentially.
- GAAP diluted EPS was $0.68, up from $0.61 in the year-ago period.
- Non-GAAP diluted EPS was $0.79, up from $0.66 in the year-ago period.
Revenue for the second quarter of 2015 rose to $3.09 billion, up 22.6% from $2.52 billion in the second quarter of 2014. GAAP net income was $420.1 million, or $0.68 per diluted share, contrast to $371.9 million, or $0.61 per diluted share, in the second quarter of 2014. Non-GAAP diluted earnings per share was $0.79 contrast to $0.66 in the second quarter of 2014. GAAP operating margin for the quarter was 17.7%. Non-GAAP operating margin was 20.2%, slightly higher than the Company’s target range of 19-20%.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.
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