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Thursday 20 August 2015
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Afternoon Trade News Analysis on: Telefonica S.A. (NYSE:TEF), AVG Technologies NV (NYSE:AVG), Sunoco Logistics Partners L.P. (NYSE:SXL), Allegheny Technologies (NYSE:ATI)

On Thursday, in the course of Afternoon trade, Shares of Telefonica S.A. (ADR) (NYSE:TEF), dropped -0.33%, and is now trading at $15.33.

Telefónica, presented its results corresponding to the first semester of 2015 and reports a net profit of 3,693 million euros, double the amount reached in the same period of 2014 (+105.4%). Additionally, the Company has raised revenue growth guidance for the full year to >9.5 % (vs. >7% formerly).

Telefónica consolidates its new growth cycle quarter after quarter. Up until June, and in stated terms, merged revenue grew +12.5% to 23,419 million euros, OIBDA raised +7.2% to 7,320 million euros, and earnings per share (0.75 euros per share) doubled contrast to the same period of 2014. At the end of June, Telefónica Group’s customer base raised +13% yoy to 329,4 million accesses.

Telefónica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

During an Afternoon trade, Shares of AVG Technologies NV (NYSE:AVG), dipped -7.18%, and is now trading at $26.11.

AVG Technologies, stated results for the second quarter ended June 30, 2015.

Second quarter 2015 highlights

  • Revenue grew 23 percent over the same period last year to $107.8 million
  • Subscription-based revenue continued to accelerate, growing 29 percent over the same period last year and comprising 81 percent of total revenue
  • Mobile revenue raised 10x when contrast to same period last year
  • Security and privacy portfolio expanded through the acquisition of Privax, a leading provider of desktop and mobile services for consumers

AVG Technologies N.V. develops and sells online service solutions and Internet security software under the AVG brand name. It offers software and online services, such as security, PC optimization, online privacy, cloud-based desktop administration, mobile security, content filtering, remote monitoring, and other products on various desktop and mobile operating systems.

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL), during its Thursday’s current trading session fell -1.10%, and is now trading at $33.55.

Sunoco Logistics Partners, declared record results for the second quarter 2015. Adjusted EBITDA for the three months ended June 30, 2015 was $326 million, a $46 million enhance contrast to the second quarter 2014. Net income attributable to partners for the second quarter 2015 was $276 million ($0.83 per limited partner unit diluted), which comprised of a $100 million inventory adjustment resulting from the enhance in commodity prices. This non-cash benefit was excluded from the Partnership’s determination of Adjusted EBITDA and Distributable Cash Flow. Net income attributable to partners was $156 million ($0.53 per limited partner unit diluted) for the second quarter 2014. Recent highlights comprise:

  • Distributable Cash Flow of $264 million for the second quarter 2015
  • Twenty percent distribution enhance to $1.75 (annualized) contrast to the second quarter 2014
  • Blue bar ratable earnings raised about 30 percent year over year
  • Distribution coverage ratio of 1.47x for the quarter ended June 30, 2015
  • Ended the quarter with a Debt-to-Adjusted EBITDA ratio of 3.3x calculated in accordance with our credit agreement
  • Commenced operations on the Permian Express 2 pipeline project in July 2015
  • Declared a 30 percent interest in the Bayou Bridge pipeline project
  • Planning to conduct an open season for Mariner East 2 Expansion project

Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). It operates through four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Products Pipelines.

Finally, Allegheny Technologies Incorporated (NYSE:ATI), gained 2.38% Thursday.

Allegheny Technologies Incorporated, declared that John D. Sims has been named Executive Vice President, High Performance Materials and Components segment, effective right away.

Preceding to this change, responsibility for ATI’s High Performance Materials and Components segment was divided between Mr. Sims, who was responsible for the Components Group businesses, and Hunter R. Dalton, who was responsible for the Specialty Materials Group businesses.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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