On Monday, Shares of Intel Corporation (NASDAQ:INTC), gained 0.35% to $29.05.
A company that can turn a park bench into a piano. A Copenhagen startup that lets children as young as age 3 create and share their own e-books. A woman-founded partnership that teaches teen girls to code through a social medium they love. These are just three of the first cohort of startups selected to take part in the Intel Education Accelerator.
Intel Capital, Intel Corporation’s global investment organization, and Intel Education in April declared the formation of the accelerator, a specialized program to assist ed-tech startups transform education for student success. After beating out nearly 200 other applicants – half of them from overseas – the selected startups on Monday will start a rigorous and enriching four-month program that will provide them with working capital, veteran mentorship and dedicated workspace in the heart of Silicon Valley.
“We had a really strong global response during the application process, and we are extremely happy with the eight diverse companies that will be a part of our inaugural cohort,” said Intel Vice President John Galvin, general manager of Intel Education. “These companies are eager to grow and make an impact on education, just as Intel has been committed to throughout our history. Together with our 50 mentors, we can’t wait to work with these impressive startups.”
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Shares of Penn Virginia Corporation (NYSE:PVA), declined -26.27% to $0.99, during its last trading session, hitting its lowest level.
Penn Virginia Corporation stated financial results for the three months ended June 30, 2015 and offered updates of its operations and 2015 capital plan and guidance.
Key Highlights
Second quarter 2015 results contrast, as applicable, to first quarter 2015 results were as follows:
- Product revenues raised to $118.0 million from $110.6 million, counting oil and gas derivatives.
- Realized oil, gas and natural gas liquids (NGLs) prices were $82.44 per barrel, $2.54 per thousand cubic feet (Mcf) and $13.53 per barrel, contrast to $71.79 per barrel, $3.14 per Mcf and $13.60 per barrel, counting oil and gas derivatives.
- Unit production costs, counting lease operating expense, gathering, processing and transportation expenses and production and ad valorem taxes, reduced to $10.40 per barrel of oil equivalent (BOE) from $10.68 per BOE.
- Recurring unit production and general and administrative (G&A) costs reduced 4% to $4.59 per BOE from $4.77 per BOE and were 23% lower than $5.98 per BOE in the second quarter of 2014.
- Adjusted EBITDAX, a non-GAAP (generally accepted accounting principles) measure, raised to $85.5 million, from $77.6 million.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States.
Finally, Johnson Controls Inc. (NYSE:JCI), ended its last trade with 0.94% gain, and closed at $45.99.
Johnson Controls 2015 earnings estimate was raised to $3.41 from $3.40 per share at Deutsche Bank.
The firm maintained its “hold” rating and $55 price target on the stock.
Last Friday, Johnson Controls posted its 2015 second quarter financial results with earnings of $0.76 per share on revenue of $9.6 billion. This compares to earnings of $0.34 per share on revenue of $9.8 billion for the same period one year ago.
Johnson Controls, Inc. operates as a diversified technology and industrial company worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, in addition to building administration systems, controls, and security and mechanical equipment.
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