On Tuesday, Herbalife Ltd. (NYSE:HLF)’s shares declined -4.71% to $40.09.
Herbalife Ltd. (HLF) stated first quarter net sales of $1.1 billion. While local currency net sales grew by 4%, stated net sales declined 12% primarily due to the unfavorable impact of currency exchange rates. Adjusted1 earnings for the quarter were $1.29 per diluted share contrast to $1.50 per diluted share for the same period in 2014. On a stated basis, the company declared first quarter net income of $78.2 million, or $0.92 per diluted share, contrast to $74.6 million, or $0.74 per diluted share for the same period in 2014. First quarter 2015 diluted EPS was negatively influenced by a $0.442 currency headwind.
Herbalife Ltd., a nutrition company, develops and sells weight administration, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products.
Anadarko Petroleum Corporation (NYSE:APC)’s shares dropped -4.71% to $89.32.
Anadarko Petroleum Corporation (APC) declared its financial and operating results for the first quarter of 2015, counting a first-quarter net loss attributable to common stockholders of $3.268 billion, or $6.45 per share (diluted). The net loss comprises certain items typically excluded by the investment community in published estimates, which in aggregate reduced net income by $2.903 billion or $5.73 per share (diluted) on an after-tax basis.(1) Net cash used in operating activities in the first quarter of 2015 was $4.504 billion, which comprised of the $5.2 billion Tronox settlement payment. Discretionary cash flow from operations totaled $1.495 billion.(2)
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs).
At the end of Tuesday’s trade, WPX Energy Inc (NYSE:WPX)‘s shares dipped -4.67% to $13.28.
WPX Energy Inc (WPX) first-quarter 2015 results mark the company’s third successive quarterly profit.
WPX stated unaudited net income of $67 million for first-quarter 2015 vs. $18 million a year ago. Net income from ongoing operations attributable to WPX Energy was $22 million in first-quarter 2015. On an adjusted basis, first-quarter 2015 income from ongoing operations was $19 million despite materially lower commodity prices. A year ago, WPX had adjusted income from ongoing operations of $26 million. Reconciliation between net and adjusted income accompanies this press release.
WPX’s operational and financial focus on margins assisted overcome commodity prices that drove product revenues down $220 million, or 42 percent, vs. a year ago. Oil prices were down more than 50 percent.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
KapStone Paper and Packaging Corp. (NYSE:KS), ended its Tuesday’s trading session with -4.64% loss, and closed at $27.11.
KapStone Paper and Packaging Corp. (KS) jointly announced today that they have signed an agreement for KapStone to acquire the assets of Victory Packaging in a cash-free, debt-free transaction for $615 million in cash, subject to post-closing adjustments. In addition, two contingent earnouts totaling $45 million could be payable two and a half to four years after the close and are based on the continued strong growth of the business. Closing of the acquisition is subject to a number of customary conditions, including regulatory review.
KapStone Paper and Packaging Corporation manufactures and sells containerboards, corrugated products, and specialty paper products in the United States and internationally.
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