On Friday, Shares of Boeing Co (NYSE:BA), lost -3.88% to $131.71.
Boeing and Nok Air, celebrated the airline’s first direct-purchased Next-Generation 737-800. The delivery marks the first of seven Next-Generation 737-800s the airline has on order with Boeing.
“We are happy to welcome additional 737-800 airplanes into our fleet as we continue to expand our regional and international route network,” said Piya Yodmani, Deputy CEO, Nok Air. “Nok Air looks forward to introducing Boeing’s new 737 MAX 8 in the next couple of years. The new 737 MAX will build on the high-standards of the existing Next-Generation models to deliver valuable savings in fuel efficiency.”
Based in Bangkok, Thailand, Nok Air is a low-cost carrier that operates an all-Boeing fleet of Next-Generation 737-800s.
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.
Shares of MDU Resources Group Inc (NYSE:MDU), declined -1.99% to $17.71, during its last trading session.
MDU Resources Group stated second quarter merged adjusted earnings of $29.1 million, or 15 cents per common share, contrast to $34.1 million, or 18 cents per common share for the second quarter of 2014. On a GAAP basis, the company stated a loss of $229.8 million, or $1.18 per share, contrast to second quarter 2014 earnings of $53.9 million, or 28 cents per share.
Adjusted earnings for the six months ended June 30 were $56.5 million, or 29 cents per share, contrast to $69.6 million, or 36 cents per share a year ago. On a GAAP basis, the company stated a loss of $535.9 million, or $2.75 per share, contrast to earnings of $110.4 million, or 58 cents per share in 2014.
“Our second quarter results were highlighted by outstanding performance at our construction materials business, offset by delayed timing of backlog additions and lower margins at our construction services group contrast to the record pace a year ago, in addition to by recent market dynamics that have created commodity price pressure for our refinery business,” said David L. Goodin, president and CEO of MDU Resources Group. “We are very focused on improving earnings and lowering operating costs across our businesses. Over the longer term, we remain confident that our assets and the underlying strengths of our businesses provide attractive growth opportunities and support our record capital investment in our utility and pipeline businesses. Our construction materials business is maintaining a strong backlog of future work and our construction services business is successfully building its backlog positioning for a stronger 2016. Additionally, our marketing process for the exploration and production business continues.”
MDU Resources Group, Inc. operates as a diversified natural resource company in the United States. The company’s Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. As of December 31, 2014, it served about 138,000 residential, commercial, industrial, and municipal customers in 177 communities and adjacent rural areas.
Finally, Christopher & Banks Corporation (NYSE:CBK), ended its last trade with - 5.78% loss, and closed at $1.63.
Christopher & Banks Corporation declared preliminary financial results for its second quarter ended August 1, 2015.
For the second quarter, the Company presently anticipates to report net sales of about $94 million, as contrast to its previous guidance of between $100 million and $103 million, while operating on average 521 stores for the quarter. Total net sales for last year’s second quarter were $106.6 million, while operating on average 545 stores.
Comparable stores sales declined about 12.4%, with 56% of total stores on average comprised of in the comparable store base, reflecting the repositioning of the store base as part of the MPW strategy. The Company presently anticipates gross margin to decline about 250 basis points as compared to last year’s second quarter due to deleveraging because of lower sales. This compares to its previous guidance of flat to an improvement of 50 basis points as contrast to the preceding year period. The Company presently anticipates SG&A for the second quarter will be about $30 million, which reflects both cost savings and a reduction in forecasted accrued incentives for $1.6 million during the quarter. This compares to the previous SG&A outlook of between $32.5 million and $33.0 million. Inventory per square foot at the end of the quarter was up about 3% as contrast to the level at the end of last year’s second quarter. This is slightly above the Company’s earlier guidance of about flat.
Christopher & Banks Corporation, through its auxiliaries, operates as a retailer of women’s apparel and accessories in the United States. The company designs, sources, and sells women’s apparel and accessories to customers ranging in age from 45 to 60.
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