On Tuesday, American States Water Co (NYSE:AWR)’s shares declined -2.39% to $41.33.
American States Water Company (AWR) declared that its American States Utility Services, Inc. (“ASUS”) partner has received approval from the U.S. government of various price redeterminations and contract modifications for additional construction projects at the military bases it serves. ASUS presently provides water and/or wastewater services, counting construction administration, to nine military installations throughout the country under 50-year contracts. The contract price for each of these contracts is subject to redetermination every three years.
In September 2015, ASUS received successful resolution to its price redeterminations related to the contracts at Fort Jackson in South Carolina and the military bases it serves in Virginia, in addition to an asset transfer at two of the Virginia bases. The approval of these filings will provide ASUS with additional revenues and the opportunity to continue generating positive earnings. These modifications issued by the U.S. government also offered for retroactive enhances in administration fees through June 30, 2015 totaling about $3.4 million on a pretax basis, of which $2.9 million is for periods preceding to 2015. These retroactive amounts will be reflected in our 2015 third quarter results. The receipt of the modifications for the redeterminations and the asset transfer at this level had been anticipated in preceding communications with the financial community when talk about 2015 expectations for ASUS.
American States Water Company, together with its auxiliaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services.
DENTSPLY International Inc. (NASDAQ:XRAY)’s shares gained 0.73% to $52.70.
DENTSPLY International Inc. (XRAY) declared that its Board of Directors declared a quarterly cash dividend of $0.0725 per share of common stock, an indicated annual rate of $0.29 per share. The dividend is payable on January 8, 2016 to holders of record on December 25, 2015.
DENTSPLY International Inc. is a leading manufacturer and distributor of dental and other consumable medical device products. The Company believes it is the world`s largest manufacturer of consumable dental products for the professional dental market. For over 115 years, DENTSPLY`s commitment to innovation and professional partnership has improved its portfolio of branded consumables and small equipment. Headquartered in the United States, the Company has global operations with sales in more than 120 countries. Visit www.dentsply.com for more information about DENTSPLY and its products.
DENTSPLY International Inc. designs, develops, manufactures, and markets various consumable dental products for the professional dental market in the United States and internationally.
At the end of Tuesday’s trade, Arista Networks Inc (NYSE:ANET)‘s shares surged 5.43% to $67.38.
Arista Networks (ANET) declared a new capability for CloudVision®, Macro-Segmentation Services (MSS™) that allows next-generation firewalls and Application Delivery Controllers to be enabled automatically for specific workloads and workflows across any network topology. This comprises Layer-2, Layer-3 and overlay network virtualization frameworks.
MSS addresses a growing gap in current security deployment models wherein embedded security in the virtualization hypervisors addresses inter-VM communication and physical firewalls address north-south traffic. Yet no solution exists to dynamically insert security services for data centers comprising of a mixture of physical and virtualized workloads. Arista is working with leaders in the industry such as Check Point, F5 Networks, Fortinet, Palo Alto Networks and VMware to advance and simplify the integration of physical and virtualized resources with its cloud networking technologies.
Arista Networks, Inc. provides cloud networking solutions. The company offers extensible operating systems, a set of network applications, and Ethernet switches.
Plains GP Holdings LP (NYSE:PAGP), ended its Tuesday’s trading session with -0.64% decreased, and closed at $18.67.
Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) declared they will release third-quarter earnings after market close on Tuesday, November 3, 2015 and will hold the following joint webcast and conference call:
What: Third-quarter 2015 earnings webcast and conference call
When: Wednesday, November 4, 2015 11:00 a.m. ET; 10:00 a.m. CT
Plains GP Holdings, L.P., through its interest in Plains AAP, L.P., owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas, and refined products in the United States and Canada.
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