On Tuesday, Shares of Hess Corp. (NYSE:HES), lost -0.94% to $57.89.
Hess Corporation stated an adjusted net loss, which excludes items affecting comparability, of $147 million or $0.52 per common share, for the second quarter of 2015 contrast with adjusted net income of $432 million or $1.38 per share in the second quarter of 2014. Lower realized selling prices reduced adjusted net income by about $740 million after-tax contrast with the preceding-year quarter. In addition, second quarter 2015 results benefitted from higher production, lower cash operating costs and reduced exploration expenses that were partially offset by higher depreciation, depletion, and amortization expense. On an unadjusted basis, the Corporation stated a net loss of $567 million for the second quarter of 2015, counting a noncash goodwill impairment charge of $385 million and net income of $931 million in the preceding-year quarter.
We achieved strong operating performance in the quarter and delivered noteworthy and immediate value to our shareholders with the sale of a 50 percent interest in our Bakken midstream assets, Chief Executive Officer John Hess said. We remain confident that our financial strength, resilient portfolio and proven operating capabilities position us well in the current low oil price environment in addition to for a future price recovery.
Hess Corporation, an exploration, and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
Shares of Royal Caribbean Cruises Ltd (NYSE:RCL), declined -1.24% to $90.90, during its last trading session.
The award-winning cruise line known for its groundbreaking ship designs, GOLD Anchor service, top-caliber entertainment, and exclusive onboard attractions, declared the Royal Suite Class, designed for the most discerning adventurers. When vacationing in one of a range of innovative accommodations, guests will enjoy an experience like no other featuring a wide-range of benefits and amenities that they expect from a world-class luxury vacation.
“The new Royal Suite Class redefines luxury at sea with exceptional experiences that discriminating travelers will appreciate,” said Michael Bayley, president and CEO, Royal Caribbean International. “We offer some of the most amazing and unique suites aboard the most revolutionary ships, and with Royal Suite Class we are creating an experience that is both inviting and invigorating for guests seeking a luxurious adventure that is anything but boring.”
Owned by Royal Caribbean Cruises Ltd. (NYSE/OSE: RCL), the cruise line sails 23 of the world’s most innovative cruise ships to the most popular destinations in Bermuda and the Caribbean, Europe, Canada and New England, Alaska, South America, Asia, and Australia and New Zealand.
Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names.
At the end of Tuesday’s trade, Shares of BorgWarner Inc. (NYSE:BWA), lost -3.70% to $46.60.
BorgWarner, launched Foton Motor’s Sauvana SUV. BorgWarner’s Torque-On-Demand technology automatically redistributes torque from the rear wheels to the front wheels without driver intervention for improved traction, raised stability and improved dynamics.
“Drivers will appreciate the seamless control of BorgWarner’s Torque-On-Demand technology. Without flipping a switch or turning a dial, the system automatically delivers the traction needed for nearly any road or weather condition,” said Dr. Stefan Demmerle, President and General Manager, BorgWarner TorqTransfer Systems. “BorgWarner is happy to provide localized manufacturing for Foton Motors, supplying this advanced technology from our facility in Beijing.”
BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology.
Finally, Yelp Inc (NYSE:YELP), ended its last trade with -2.56% loss, and closed at $25.33.
Yelp Inc., declared financial results for the second quarter ended June 30, 2015.
- Net revenue was $133.9 million in the second quarter of 2015 reflecting 51% growth over the second quarter of 2014.
- Adjusted EBITDA for the second quarter of 2015 was $22.7 million, reflecting a 32% enhance over the second quarter of 2014.
- Cumulative reviews grew 35% year over year to about 83 million.
- Mobile Unique Visitors surpassed the number of Desktop Unique Visitors for the first time, growing 22% year over year to about 83 million on a monthly average basis. App Unique Devices grew 51% year over year to about 18 million on a monthly average basis.
Local advertising accounts grew 40% year over year to about 97,100.
Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories.
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