On Friday, Halcon Resources Corp (NYSE:HK)’s shares declined -2.61% to $1.12.
Halcón Resources Corporation (HK) declared plans to release its second quarter 2015 financial results on Thursday, July 30, 2015 after trading closes on the New York Stock Exchange.
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising about 129,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering about 101,000 acres of area in Brazos, Burleson, and Robertson counties.
Eldorado Gold Corp (USA) (NYSE:EGO)’s shares dropped -0.52% to $3.85.
Eldorado Gold Corporation (EGO) will release its Q2 2015 Financial Results after the market closes on Thursday July 30, 2015. Paul Wright, Chief Executive Officer of the Company, will host a conference call on Friday July 31, 2015 at 8:30 AM PT (11:30 AM ET).
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada .
At the end of Friday’s trade, J M Smucker Co (NYSE:SJM)‘s shares dipped -0.66% to $107.59.
Eldorado Gold Corporation will release its Q2 2015 Financial Results after the market closes on Thursday July 30 , 2015. Paul Wright , Chief Executive Officer of the Company, will host a conference call on Friday July 31, 2015 at 8:30 AM PT (11:30 AM ET). The call will be webcast and can be accessed at Eldorado Gold’s website: www.eldoradogold.com
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is he
Symantec Corporation (NASDAQ:SYMC), ended its Friday’s trading session with 1.44% gain, and closed at $23.32.
J M Smucker Co (SJM) declared results for the fourth quarter and year ended April 30, 2015.
Executive Summary
The Company’s fiscal 2015 results were significantly influenced by the Big Heart Pet Brands (“Big Heart”) acquisition and related purchase accounting and financing activities during its fourth quarter. Counting these items, the Company’s stated results were as follows:
Results for the periods ended April 30, 2015 and 2014, comprise the operations of: (1) Big Heart since the completion of the acquisition on March 23, 2015; (2) Sahale Snacks, Inc. (“Sahale”) since the completion of the acquisition on September 2, 2014; (3) Enray Inc. (“Enray”) since the completion of the acquisition on August 20, 2013; and (4) the impact of the Company’s licensing and distribution agreement with Cumberland Packing Corp. (“Cumberland”), which commenced on July 1, 2013.
Noteworthy acquisition impacts and financing costs in the quarter comprised of:
- Other debt costs of $173.3 million, primarily related to the early redemption of the Company’s senior private placement notes;
- Big Heart operations for the six weeks since the close of the transaction, counting net sales of $244.5 million and an operating loss of $26.0 million, reflecting the unfavorable impact of a $47.0 million fair value purchase accounting adjustment to attained inventory sold during the quarter (“inventory purchase accounting adjustment”) and incremental promotional spending and marketing expense to support new product introductions and certain other initiatives;
- Net incremental interest expense related to the new debt structure; and
- The issuance of 17.9 million of the Company’s common shares and related impact on the calculation of weighted-average shares outstanding.
Results in the above table also reflect:
- Net sales declines in the fourth quarter of 2015, contrast to 2014, in the U.S. Retail Consumer Foods segment driven by lower net price realization and volume and in the U.S. Retail Coffee segment driven by volume; and
- Operating income not taking into account the impact of restructuring and merger and integration costs and unallocated derivative gains and losses (“certain items affecting comparability”) was unfavorably influenced in the fourth quarter of 2015 by the results of the U.S. Retail Coffee segment and an enhance in general and administrative expenses, contrast to 2014.
The J. M. Smucker Company manufactures and markets branded food products worldwide. The company operates through three segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; and International, Foodservice, and Natural Foods. It offers coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, fruits, canned milk, flour and baking ingredients, fruit and vegetable juices and beverages, frozen sandwiches, ready-to-eat waffles, toppings, syrups, jelly products, pickles, condiments, and grain products.
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