On Wednesday, Shares of Advance Auto Parts, Inc. (NYSE:AAP), gained 0.14% to $171.46.
Advance Auto Parts, declared its financial results for the second quarter ended July 18, 2015. Second quarter comparable cash earnings per diluted share (Comparable Cash EPS) were $2.27, which comprised of a $0.03 unfavorable impact from foreign currency and was an improvement of 9.1% as compared to the second quarter last year. These second quarter comparable results exclude $0.08 of amortization of attained intangible assets and integration costs of $0.16 primarily associated with the acquisition of General Parts International, Inc. (General Parts).
Second Quarter 2015 Highlights
Total sales for the second quarter raised 1.0% to $2.37 billion, as contrast with total sales during the second quarter of fiscal 2014 of $2.35 billion. The sales enhance was driven by the addition of new stores over the past 12 months and a comparable store sales enhance of 1.0% partially offset by changes in our independent store count. Our comparable store sales were negatively influenced by 34 basis points due to foreign currency fluctuations from our Canadian operations.
The Company’s Gross Profit rate was 45.9% of sales during the second quarter as contrast to 45.2% during the second quarter last year. The 64 basis point enhance in gross profit rate was primarily the result of lower product acquisition costs, inclusive of the Company’s ongoing merchandise cost synergy savings.
Advance Auto Parts, Inc., through its auxiliaries, operates as a specialty retailer of automotive replacement parts, accessories, batteries, and maintenance items. It operates stores that offer brand name, original equipment manufacturer, and private label automotive products, counting alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps, and windshield wiper blades; accessories, such as air fresheners, automotive paint, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, seat and steering wheel covers, and vent shades; chemicals comprising antifreeze, brake and power steering fluid, car washes and waxes, freon, fuel additives, and windshield washer fluid; and oils, transmission fluids, and other automotive petroleum products for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks.
Shares of Dycom Industries, Inc. (NYSE:DY), inclined 11.06% to $66.98, during its last trading session.
Dycom Industries declared that its Board of Directors has authorized an additional $50 million to repurchase shares of Dycom’s outstanding common stock. The stock repurchases are authorized to be made over the next eighteen (18) months in open market or private transactions, counting through accelerated share repurchase agreements with one or more counterparties from time to time. The exact timing and amount of repurchases will depend on market conditions and other factors. The Company has substantially accomplished its previous share repurchase authorization of $40 million. As of August 24, 2015, the Company had about 33.2 million shares of common stock outstanding, not taking into account the dilutive effect of stock options and unvested restricted stock.
Dycom is a leading provider of specialty contracting services throughout the United States and in Canada. These services comprise engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, counting telecommunications providers, and other construction and maintenance services to electric and gas utilities.
Dycom Industries, Inc. provides specialty-contracting services in the United States and Canada. The company offers a range of specialty contracting services, such as engineering, construction, maintenance, and installation services comprising placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
At the end of Wednesday’s trade, Shares of Frontline Ltd. (NYSE:FRO), gained 7.76% to $2.50.
Reference is made to the declaration dated July 2, 2015, that Frontline Ltd. (NYSE/OSE/LSE:FRO) and Frontline 2012 Ltd. (NOTC:FRNT) have reached a contract and plan of merger, following which the two companies have agreed to enter into a merger transaction, with Frontline as the surviving legal entity and Frontline 2012 becoming a wholly-owned partner of Frontline Frontline has on August 24, 2015, filed a registration statement with the United States Securities and Exchange Commission covering the common shares to be issued by Frontline to Frontline 2012’s shareholders in the merger. The shareholders’ meetings of each of Frontline and Frontline 2012 are planned to be held after the registration statement is declared effective. The effectiveness of the registration statement is subject, among other things, to SEC review.
Frontline Ltd., a shipping company, through its auxiliaries, owns and operates oil tankers and oil/bulk/ore carriers. The company provides seaborne transportation of crude oil and oil products. Its very large crude carriers (VLCCs) primarily transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean, and the Louisiana Offshore Oil Port, in addition to Suezmax tankers trade in the Atlantic Basin, the Middle East, and Southeast Asia.
Finally, Mobil’nye Telesystemy PAO (ADR) (NYSE:MBT), ended its last trade with 1.64% gain, and closed at $6.80.
Mobile TeleSystems PJSC, declared its unaudited IFRS financial results for the three months ended June 30, 2015.
Key Financial Highlights of Q2 2015
- Merged group revenue raised 3.9% y-o-y to RUB 102.7 bln
- Total revenue in Russia rose 4.4% y-o-y to RUB 94.3 bln
- Mobile service revenue in Russia improved 2.8% y-o-y to RUB 72.7 bln
- Data traffic revenue in Russia grew 23.4% y-o-y to RUB 18.9 bln
- Handset sales raised 26.7% y-o-y to RUB 7.6 bln
- Group OIBDA down 2.1% to RUB 42.7 bln
- OIBDA in Russia rose 2.2% y-o-y to RUB 41.2 bln
- MTS reaffirms its Group guidance:
- Group revenue growth of more than 2%
- Revenue growth in MTS Russia more than 3%
- Group OIBDA margin of more than 40%
- MTS revises its FY2015 CAPEX guidance to RUB 92 bln to reflect planned investments in 3G network development in Ukraine
Mobile TeleSystems Public Joint Stock Company provides telecommunication services in Russia and the Commonwealth of Independent States. It offers a range of mobile and fixed line voice and data telecommunications services, counting data transfer, broadband, pay-TV, and various value-added services, in addition to sells equipment and accessories.
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