On Thursday, Shares of Cameron International Corporation (NYSE:CAM), gained 7.67% to $52.78.
Cameron International Corporation, stated fully diluted earnings per share, not taking into account income from suspended operations, asset impairment charges and other costs, of $0.91 for the first quarter of 2015, contrast to $0.70 for the same period of 2014.
Results for the first quarter of 2015 comprised of income from suspended operations of $429 million, or $2.22 per share, primarily associated with a gain on the formerly declared sale of the Company’s Centrifugal Compression business; $538 million, or $2.79 per share, of asset impairment charges, primarily related to the impairment of goodwill in the Company’s Process Systems business; and $18 million, or $0.09 per share, of other costs for restructuring costs and mark-to-market impact on currency derivatives. On a GAAP basis, the Company’s fully diluted earnings per share were $0.25 for the first quarter of 2015, as contrast to $0.51 for the first quarter of 2014.
Commenting on the Company’s performance in the first quarter of 2015 relative to the year-ago period, Chairman and Chief Executive Officer Jack B. Moore, said, “Not taking into account the impact of the items cited above, Cameron delivered strong earnings, driven by sharp enhances in operating income in our Subsea and Drilling segments as those businesses continued to successfully execute on their backlogs.
The company’s effective tax rate for the quarter was 23.5%, not taking into account the impact of the gain and the asset impairment charges.
Cameron International Corporation provides flow equipment products, systems, and services worldwide. The company’s Subsea segment offers integrated solutions, products, systems, and services to the subsea oil and gas market, counting integrated subsea production systems involving wellheads, subsea trees, manifolds and flowline connectors, and subsea processing systems.
Shares of Merge Healthcare Incorporated (NASDAQ:MRGE), gained 7.36% to $5.98, during its last trading session, hitting its highest level.
Merge Healthcare Incorporated, declared the scheduling of its first quarter 2015 earnings call, which will be held at 8:30 AM ET on Tuesday, April 28, 2015.
The call will address first quarter results and will provide a business update on the company’s market outlook and strategies for the remainder of 2015. The first quarter 2015 earnings results for Merge will be published preceding to the earnings call.
Merge Healthcare Incorporated develops software solutions that facilitate the sharing of images to create an electronic healthcare experience for patients and physicians worldwide. It operates in two segments, Merge Healthcare and Merge DNA.
At the end of Thursday’s trade, Shares of Ultratech, Inc. (NASDAQ:UTEK), gained 6.98% to $19.47.
Ultratech, declared unaudited results for the three-month period ended April 4, 2015.
For the first quarter of fiscal 2015, Ultratech stated net sales of $41.9 million as contrast to $31.6 million during the first quarter of fiscal 2014. Ultratech’s net loss for the first quarter of 2015 was $1.7 million, or $(0.06) per share, as contrast to net loss of $7.0 million, or $(0.25) per share, for the same quarter last year.
At April 4, 2015, Ultratech had $272.0 million in cash, cash equivalents and short-term investments. Working capital was $337.4 million and stockholders’ equity was $13.27 per share based on 27,601,912 total shares outstanding as of April 4, 2015.
Ultratech, Inc. develops, manufactures, and markets photolithography, laser thermal processing, and inspection equipment. It supplies step-and-repeat photolithography systems based on one-to-one imaging technology for semiconductor device and nanotechnology manufacturers.
Finally, Clean Energy Fuels Corp. (NASDAQ:CLNE), ended its last trade with 6.84% gain, and closed at $7.65.
NG Advantage LLC – a Clean Energy company - declared that it has signed a contract to work with International Paper (IP) to deliver compressed natural gas (CNG) to International Paper’s Ticonderoga, N.Y. mill.
NG Advantage will deliver CNG to the mill using its Virtual Pipeline which comprises of compressor stations located on natural gas pipelines, a fleet of specially designed carbon fiber CNG trailers, and off-loading and monitoring equipment which NG Advantage is installing at the mill. Deliveries will start in May of 2015.
International Paper initially awarded this contract to NG Advantage in order to start using natural gas preceding to the completion of a planned natural gas pipeline. However, as formerly declared, International Paper decided to cancel the pipeline project for cost reasons.
Despite the cancellation of the project to deliver natural gas to the mill by constructing a pipeline under Lake Champlain, contributing to a cleaner environment and reducing fuel costs remain very important to International Paper. The company has issued a new RFP for a long term trucked-CNG contract, starting when the current contract with NG Advantage ends. NG Advantage is a bidder for the long term contract as well.
The mill is presently International Paper’s largest US plant without access to natural gas. In order to meet this huge demand safely and reliably, NG Advantage has invented the “Private Virtual Pipeline”, a high volume variant of the Virtual Pipeline service, which the company introduced to the US market in March of 2013. Tractors and drivers will be based in Ticonderoga, NY – where the mill is - and gas can be offered from any of several compressor stations used by NG Advantage.
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, in addition to liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles.
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