On Monday, Shares of Callon Petroleum Company (NYSE:CPE), dropped -3.29% to $8.53.
Callon Petroleum Company, declared that it will host a conference call on Thursday, May 7, 2015, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to talk about first quarter financial and operating results. The Company plans to release first quarter 2015 results after the close of markets on Wednesday, May 6, 2015.
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas.
Shares of Peabody Energy Corp. (NYSE:BTU), declined -3.12% to $4.35, during its last trading session, hitting its lowest level.
At a time when record electricity prices are squeezing families and businesses, Peabody Energy Corporation, Chairman and Chief Executive Officer Greg Boyce has called on Congress and political leaders to support a five-point plan to assist solve the U.S. electricity crisis, put energy policy back on track and accelerate a transition toward a low-carbon economy.
This past year was the most expensive year ever for electricity in the United States, and record prices are ongoing in 2015. U.S. electricity rates have raised 53 percent since 2000. Boyce said the enhance in power prices has accelerated in recent years largely due to policy actions that have forced utilities to use less coal and take on high renewable mandates, increasing use of the highest-cost form of electricity. Wind and solar also are heavily subsidized, receiving well over $85 billion in incentives during the past 60 years even though they provide only about 5 percent of U.S. electricity.
Multiple studies also show the EPA’s plan will continue to significantly drive up power costs, leaving a legacy of expensive electricity and causing reliability issues. The carbon proposal is likely to create power shortages across the nation in the Great Plains, the Midwest, the Northeast and Texas, according to the North American Electric Reliability Corp.
The EPA has modeled its carbon proposal after California, a state where high renewable mandates and energy taxes have created some of the nation’s most expensive power costs. California’s power prices are more than 45 percent higher than the U.S. average. The high cost of power has resulted in the loss of 600,000 manufacturing jobs in California since 2000.
Coal fuels about 40 percent of U.S. power, 40 percent of global power, and delivers the lowest cost electricity of any major fuel. Coal is also the world’s fastest-growing major fuel and is forecast to surpass oil as the world’s largest energy source in the next several years, according to analyst Wood Mackenzie.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers.
At the end of Monday’s trade, Shares of Biogen Inc. (NASDAQ:BIIB), dwindled -3.10% to $389.27.
Biogen, stated first quarter 2015 results, counting revenues of $2.6 billion, a 20% enhance contrast to the first quarter of 2014. Non-GAAP diluted earnings per share (EPS) for the first quarter of 2015 were $3.82, an enhance of 55% over the first quarter of 2014. Non-GAAP net income attributable to Biogen for the first quarter of 2015 was $900 million, an enhance of 53% over the first quarter of 2014.
On a stated basis, GAAP diluted EPS for the first quarter of 2015 were $3.49, an enhance of 73% over the first quarter of 2014. GAAP net income attributable to Biogen for the first quarter of 2015 was $823 million, an enhance of 71% as compared to the same period in the preceding year.
First Quarter 2015 Performance Highlights
- Total multiple sclerosis product sales were $2.1 billion contrast to $1.7 billion in the same quarter last year.
- TECFIDERA revenues were $825 million contrast to $506 million in the same quarter last year. These results comprised of $648 million in U.S. sales and $177 million in sales outside the U.S. contrast to $460 million and $46 million, respectively, in the first quarter of 2014.
- TECFIDERA revenues in the first quarter of 2015 reduced 10% as compared to the fourth quarter of 2014. This decline was partially influenced by one fewer shipping week in the U.S. as compared to the preceding quarter, raised discounts and allowances specific to the first quarter of 2015 and updated pricing assumptions in Germany.
- Interferon revenues, counting AVONEX® and PLEGRIDY, were $755 million contrast to $761 million in the same quarter last year. These results comprised of $518 million in U.S. sales and $236 million in sales outside the U.S. contrast to $476 million and $285 million, respectively, in the first quarter of 2014.
- TYSABRI® revenues were $463 million contrast to $441 million in the same quarter last year. These results comprised of $273 million in U.S. sales and $190 million in sales outside the U.S. contrast to $234 million and $207 million, respectively, in the first quarter of 2014. TYSABRI U.S. sales comprise 13 shipping weeks in the first quarter of 2015 as compared to 12 in the first quarter of 2014.
- Net revenues regarding RITUXAN® and GAZYVA® from our unmerged joint business arrangement were $331 million contrast to $297 million in the same quarter last year.
- ELOCTATE® revenues were $54 million and ALPROLIX® revenues were $43 million.
Biogen Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurological, autoimmune, and hematologic disorders in the United States and internationally. It provides AVONEX to treat relapsing multiple sclerosis (MS); TYSABRI to treat relapsing forms of MS and Crohn’s disease.
Finally, Vonage Holdings Corporation (NYSE:VG), ended its last trade with -3.06% loss, and closed at $4.75.
Vonage, declared that it will waive per-minute calling charges to Nepal starting 6:00 a.m. ET April 28, 2015 until 11:59 p.m. ET May 4, 2015. All Vonage residential service customers in the U.S. and Canada, and Vonage Mobile users calling loved ones in Nepal, are eligible.
“In the wake of the disaster in Nepal, we want to do what we can to make it as seamless as possible for our customers and their families to stay in touch,” said Joe Redling, Vonage Chief Operating Officer. “Our thoughts are with all those influenced by the earthquake, and we hope this makes it easier for our customers to connect with their loved ones during this difficult time.”
Vonage Holdings Corp. provides unified communications as a service solutions connecting people through cloud-connected devices worldwide. The company offers home telephone replacement services to residential customers through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, in addition to area code selection, virtual phone number, and Web-enabled voicemail.
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