On Wednesday, Midstates Petroleum Corporation Inc (NYSE:MPO)’s shares dwindled - 1.96%, and closed at $1.00, after Midstates Petroleum Corporation Inc (MPO), declared that it received notification on April 1, 2015, from the New York Stock Exchange (“NYSE”) that the price of the Corporation’s ordinary stock has fallen below the NYSE’s continued listing standard. The NYSE requires that the average closing price of a listed corporation’s ordinary stock not be less than $1.00 per share for a period of over 30 successive trading days.
Under NYSE rules, the Corporation can avoid delisting if, during the six month period following receipt of the NYSE notice and on the last trading day of any calendar month, the Corporation’s ordinary stock price per share and 30 trading-day average share price is at least $1.00. During this six month period, the Corporation’s ordinary stock will continue to be traded on the NYSE, subject to compliance with other continued listing requirements. The Corporation will seek to cure the deficiency and to return to compliance with the NYSE continued listing requirement.
Midstates Petroleum Corporation, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana. The corporation was founded in 1993 and is headquartered in Tulsa, Oklahoma.
ManpowerGroup Inc (NYSE:MAN)’s shares dropped -1.94%, and settled at $84.40, during the last trading session on Wednesday, soon after ManpowerGroup Inc (MAN), declared that it plans to release 1st quarter earnings results before the market opens on Tuesday, April 21, 2015. Administration will talk about the results the same day in a live webcast at 7:30 a.m. CDT (8:30 a.m. EDT).
ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The corporation’s recruitment service portfolio comprises permanent, temporary, and contract recruitment of professionals, in addition to administrative and industrial positions. It also offers various assessment services; career administration; training and development services; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.
At the end of Wednesday’s trade, Sonus Networks, Inc (NASDAQ:SONS)’s shares dipped -1.92%, and closed at $7.65, formerly on March 24, Sonus Networks, Inc (SONS), declared that it is updating its previous guidance. The Corporation has also initiated a corporation-wide review of its cost structure to assist ensure that it is well-positioned to continue investing in its technology development and growth initiatives, while also driving positive financial returns. The Corporation no longer anticipates to receive certain orders this quarter that had been predictable to be received at the back end of the first quarter, and believes its planned cost reduction initiatives will assist better align the Corporation’s cost structure in light of these longer decision cycles. The Corporation anticipates to declare the results of this cost reduction review when it reports its financial results for the first quarter on April 22, 2015.
For the first quarter ending March 27, 2015, proceed is now predictable to be in the range of $47 million to $50 million contrast to previous guidance of $74 million. First quarter non-GAAP loss per share is predictable to be in the range of $0.29 to $0.34 contrast to previous guidance of non-GAAP diluted earnings per share of $0.03.
Ray Dolan, president and chief executive officer, said, “All of us at Sonus, counting the Board of Directors, our administration team and our many talented employees, are fully engaged on successfully moving the Corporation through the current operating environment. As a result of the review declared recently, we expect to achieve a cost structure that will ensure we are well-equipped to return to positive cash flow by the end of this fiscal year despite the volatility we are facing.”
Sonus Networks, Inc. provides networked solutions for communications service providers and enterprises. Its products comprise session border controllers (SBC) that address the network requirements for small, medium, and large businesses, in addition to for communications service providers; and open services switches for converting various types of voice signals into Internet protocol (IP) packets and transmitting those IP packets over a data network.
HollyFrontier Corp (NYSE:HFC), ended its Wednesday’s trading session with –1.33% loss, and closed at $37.03, after HollyFrontier Corp (HFC), declare results for its quarter ended March 31, 2015 on May 6, 2015, before the opening of trading on the NYSE. The Corporation has planned a webcast conference on May 6, 2015 at 8:30 a.m. Eastern time to talk about financial results.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The corporation operates in two segments, Refining and HEP. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt. The corporation offers its products to other refiners, convenience store chains, independent marketers, retailers, truck stop chains, wholesalers, railroads, governmental entities, paving contractors or manufacturers, and commercial and specialty markets, in addition to for commercial airline use.
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