During Tuesday’s Current trade, Shares of Aon Plc (NYSE:AON), gain 0.72% to $100.26.
Aon plc (AON) stated results for the three months ended June 30, 2015.
Net income attributable to Aon shareholders was $178 million, or $0.62 per share, contrast to $304 million, or $1.01 per share, for the preceding year quarter. Net income per share attributable to Aon shareholders, adjusted for certain items, raised 5% to $1.31, contrast to $1.25 in the preceding year quarter, counting an $0.08 per share unfavorable impact on adjusted net income from ongoing operations if the Company were to translate preceding year quarter results at current quarter foreign exchange rates (“foreign currency translation”). Certain items that influenced second quarter results and comparisons with the preceding year quarter are detailed in the “Reconciliation of Non-GAAP Measures - Operating Income and Diluted Earnings per Share” on page 12 of this press release.
SECOND QUARTER FINANCIAL SUMMARY
Total revenue reduced 4% to $2.8 billion contrast to the preceding year quarter driven primarily by a 7% unfavorable impact from foreign currency translation, partially offset by 2% organic revenue growth and a 1% enhance in commissions and fees related to acquisitions, net of divestitures.
Total operating expenses for the second quarter raised 2% to $2.5 billion contrast to the preceding year quarter due primarily to $176 million of legacy litigation expense for events that primarily occurred ten or more years ago, an enhance in expense to support 2% organic revenue growth, and a $14 million enhance in expenses related to acquisitions, net of divestitures, partially offset by a $166 million favorable impact from foreign currency translation and an $8 million decrease in intangible asset amortization.
Aon plc provides risk administration services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. It operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, counting affinity products, managing general underwriting, placement, captive administration services, and data and analytics; risk administration solutions for property liability, general liability, professional liability, directors’ and officers’ liability, workers’ compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
Shares of SBA Communications Corporation (NASDAQ:SBAC), declined -0.25% to $120.94, during its current trading session.
SBA Communications Corporation (SBAC) stated results for the quarter ended June 30, 2015. Highlights of the results comprise:
Second quarter over year earlier period:
- Site leasing revenue growth of 9%
- Tower Cash Flow growth of 10%
- Net income raised from a $9.5 million loss to $28.3 million in income
- Adjusted EBITDA growth of 9%
- AFFO Per Share growth of 8%
Operating Results
Total revenues in the second quarter of 2015 were $410.7 million contrast to $383.4 million in the year earlier period, an enhance of 7.1%. Site leasing revenue of $370.5 million raised 8.8% over the year earlier period. Domestic cash site leasing revenue was $300.2 million in the second quarter of 2015 contrast to $276.6 million in the year earlier period, an enhance of 8.5%. International cash site leasing revenue was $57.0 million in the second quarter of 2015 contrast to $48.6 million in the year earlier period, an enhance of 17.3%. Eliminating the impact of changes in foreign currency exchange rates, total site leasing revenue and international cash site leasing revenue would have raised 13.9% and 49.0%, respectively, over the year earlier period. Site development revenues were $40.2 million in the second quarter of 2015 contrast to $43.0 million in the year earlier period, a decrease of 6.3%.
SBA Communications Corporation owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the United States and its territories, Canada, Central America, and Brazil. The company operates through two segments, Site Leasing and Site Development.
Liberty Interactive Corp (NASDAQ:QVCA), during its Tuesday’s current trading session gained 1.76% to $29.25.
QVC, the world’s leading video and ecommerce retailer, recently declared its official entry into France, with the launch of live television programming and ecommerce. QVC France, which launched online at QVC.fr with 46 brands in June, began its video programming distribution on August 1, and plans to offer nearly 300 international and French brands by the end of 2015.
French Shoppers Can Say ‘Bienvenue” to Favorite QVC Brands
QVC France customers can shop a variety of high-quality local brands they know and love, in addition to new-to-the-market brands from QVC’s global portfolio – all brought to life through storytelling by inventors, entrepreneurs, designers and QVC France program hosts. At this time, product categories comprise beauty, jewelry, apparel, home and accessories. Some popular QVC brands to be offered on QVC France comprise Elemis, Skechers, Diamonique® and bareMinerals®. QVC France customers will also enjoy QVC’s best find of the day, Recently’s Special Value, the first of which was bareMinerals.
Liberty Interactive Corporation, through its auxiliaries, engages in the video and on-line commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications.
Finally, Nextera Energy Partners LP (NYSE:NEP), gained 0.09%, to $32.98.
NextEra Energy Capital Holdings, Inc. declared that it will conduct a remarketing of its Series F Debentures due Sept. 1, 2017 which are presently outstanding in the aggregate principal amount of $650 million, on Aug. 5, 2015 (and, if necessary, on the following two business days). The Debentures were originally issued as part of NextEra Energy, Inc.’s Corporate Units (CUSIP No. 65339F 887) on Sept. 11, 2012 in conjunction with a Purchase Contract Agreement, dated as of Sept. 1, 2012. The Debentures are guaranteed by NextEra Energy Capital Holdings’ parent company, NextEra Energy, Inc. (NEE).
NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects. It owns interests in wind and solar projects in North America with a portfolio of about 1,923 MW of contracted, clean energy projects. The company was founded in 2014 and is headquartered in Juno Beach, Florida. NextEra Energy Partners, LP is a partner of NextEra Energy, Inc.
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