On Thursday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -1.40% to $14.77.
Micron Technology declared results of operations for its fourth quarter and 2015 fiscal year, which ended September 3, 2015. Revenues for the fourth quarter of fiscal 2015 were $3.60 billion and were 7 percent lower contrast to the third quarter of fiscal 2015 and 15 percent lower contrast to the fourth quarter of fiscal 2014. Revenues for fiscal year 2015 were $16.19 billion and net income attributable to Micron shareholders was $2.90 billion, or $2.47 per diluted share. Cash flows from operations were $5.21 billion for fiscal year 2015.
“We are happy to report Fiscal Year 2015 results that comprise revenue of $16.2 billion, $2.72 in non-GAAP earnings per share, and $2.3 billion in dilution administration activities, counting convert retirements and share repurchases,” stated D. Mark Durcan, Chief Executive Officer. “While fourth quarter results were influenced by continued weakness in the PC sector, we believe that memory industry fundamentals remain favorable over the long term.”
Revenues for the fourth quarter of fiscal 2015 were 7 percent lower contrast to the third quarter of fiscal 2015 primarily due to a 7 percent decline in DRAM average selling prices and relatively flat DRAM sales volume. Non-Volatile trade revenues for the fourth quarter of fiscal 2015 also declined 7 percent contrast to the third quarter primarily as a result of lower sales volume. The company’s overall merged gross margin of 27 percent for the fourth quarter of fiscal 2015 was 4 percent lower contrast to the third quarter of fiscal 2015 primarily due to lower average selling prices for DRAM.
Micron Technology, Inc. is a global provider of semiconductor devices. Through the Company’s global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, in addition to other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products.
Shares of Transocean LTD (NYSE:RIG), declined -3.41% to $12.48, during its last trading session.
Transocean Ltd’s stock finished Tuesday’s session 3.00% higher at $12.35. A total of 12.75 million shares were traded, which was below its three months average volume of 14.58 million shares. Over the last one month and the previous three months, Transocean Ltd’s shares have declined 9.12% and 22.51%, respectively. Additionally, the stock has plummeted 31.32% since the starting of 2015. The company’s shares are trading below their 50-day and 200-day moving averages by 9.23% and 22.67%, respectively. Transocean Ltd’s stock has a Relative Strength Index (RSI) of 39.95.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells.
Shares of Seadrill Ltd (NYSE:SDRL), declined -0.17% to $5.89, during its last trading session, despite oil prices were rising after Russia launched its first air strikes in Syria.
WTI crude oil for November delivery was up 4.04% to $46.91 a barrel on Thursday morning, and Brent crude oil for November delivery was up 2.75% to $49.70 a barrel.
Russian air strikes in Syria added to uncertainty in the Middle East, the biggest oil producing region, according to the Wall Street Journal.
“Russia’s military intervention in the Syrian conflict has raised the geopolitical risks, which is giving tailwind to the prices,” analyst firm Commerzbank said in a note to investors.
A modest improvement in Chinese economic data also assisted bring up oil prices, according to the Journal. China’s purchasing managers index (PMI), which gauges manufacturing activity in the country, raised to 49.8 from 49.6 in August, above analysts’ estimates for the month.
Seadrill Limited was the recipient of a noteworthy decrease in short interest in September. As of September 15th, there was short interest totaling 58,294,694 shares, a decrease of 6.7% from the August 31st total of 62,484,823 shares, AnalystRatingsNetwork.com reports. About 17.4% of the company’s stock are sold short. Based on an average daily trading volume, of 11,975,963 shares, the short-interest ratio is presently 4.9 days.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, in addition to benign and harsh environments. The Company has three operating segments: Floaters, Jack-ups rigs and Other.
Finally, Teck Resources Ltd (USA) (NYSE:TCK), ended its last trade with -4.17% loss, and closed at $4.60.
Teck Resources will release its third quarter 2015 earnings results on Thursday, October 22, 2015 before market open.
The company will hold an investor conference call to discuss the third quarter 2015 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, October 22, 2015. The conference call dial-in is 416.340.2216 or toll free 866.225.0198, no pass code required. Media are invited to attend on a listen-only basis.
Teck Resources Limited is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc.
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