On Tuesday, Shares of Cliffs Natural Resources Inc. (NYSE:CLF), surged 12.29% to $6.58, after a Quebec official said that his government is prepared to purchase a rail line and port facilities that service a now shuttered iron ore mine that Cliffs owns in the Canadian province.
The Quebec government taking over the transportation infrastructure at the Bloomfield Lake mining site is predictable to lower the mine’s operating costs by as much as $20 per ton, according to Bloomberg. Economy Minister Jacques Daoust said that the government is also considering purchasing a 20% stake in the mine itself.
Cliffs shuttered the mine, which the company purchased in 2011, in January, sacrificing 600 jobs in a region in Quebec that is experiencing 10.7% unemployment. Falling oil prices and the mine’s lack of profitability led the company to close the mine earlier this year, Bloomberg stated.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota.
At the end of Tuesday’s trade, Shares of Gulfmark Offshore, Inc. (NYSE:GLF), jumped 11.65% to $16.01.
GulfMark Offshore, declared its results of operations for the three-month period ended March 31, 2015. For the first quarter ended March 31, 2015, revenue was $89.1 million, and net loss was $5.1 million, or $0.21 per diluted share. Comprised of in the quarterly results is one special item that totals $0.01 per diluted share. Quarterly loss before this special item was $0.20 per diluted share.
GulfMark Offshore, Inc. provides offshore marine support and transportation services primarily to the companies involved in the offshore exploration and production of oil and natural gas.
A10 Networks, Inc. (NYSE:ATEN), ended its last trade with 11.56% gain, and closed at $5.21.
A10 Networks, declared its virtual application delivery controller (ADC) appliance, vThunder ADC, is now accessible as a Virtual Machine (VM) image on the Azure Marketplace. The vThunder VM offers dynamic “application-aware” services, counting advanced L4-7 load balancing, application acceleration and improved-security in an all-in-one virtual instance. Unifying vThunder with Azure enables extensibility and compriseent policies across customers’ physical, virtual and cloud computing environments, rapid provisioning, and on-demand access to computing resources. Customers have the flexibility to choose from “Pay-as-You-Go” and Bring Your Own License (BYOL) license models. Additionally, A10 will provide demos of its Thunder ADC and Threat Protection System (TPS) technology to Microsoft Ignite 2015 attendees, May 5-8, in McCormick Place, booth 332.
A10 Networks, Inc. provides software based application networking solutions in the United States, Japan, and internationally. Its solutions are built on advanced core operating system platform.
Finally, EarthLink Holdings Corp. (NASDAQ:ELNK), closed at $5.39, with 11.13% gain, hitting its highest level.
EarthLink Holdings, declared financial results for its first quarter of 2015.
Revenue
- Total revenue was $282.4 million during the first quarter of 2015, a decline of 5.0% from the preceding year quarter. This is an improvement contrast to the 5.7% year-over-year decline the company stated in the fourth quarter of 2014.
- Business Services revenue reduced 3.3% from the first quarter of 2014, an improvement as compared to the 4.2% year-over-year decline stated in the fourth quarter of 2014.
- Business Services and total company revenue during the first quarter of 2015 were aided by seasonal pricing actions implemented during the quarter and a $2.1 million favorable settlement.
EarthLink Holdings Corp., together with its auxiliaries, provides managed network, security, and cloud services to business and residential customers in the United States. The company operates in two segments, Business Services and Consumer Services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
