Pre-Market News Alert on: VMware, (NYSE:VMW), Gogo (NASDAQ:GOGO), Tesoro (NYSE:TSO), Charter Communications, (NASDAQ:CHTR)

Pre-Market News Alert on: VMware, (NYSE:VMW), Gogo (NASDAQ:GOGO), Tesoro (NYSE:TSO), Charter Communications, (NASDAQ:CHTR)

- in Business & Finance
0

On Thursday, VMware, Inc. (NYSE:VMW)’s shares declined -3.60% to $83.04.

VMware, Inc. (VMW), a global leader in cloud infrastructure and business mobility, declared recently a comprehensive solution to support Windows 10. Customers upgrading to Windows 10 can take advantage of the administration, transition and app delivery tools offered by the VMware Operatespace™ Suite, which comprises AirWatch® Enterprise Mobility Administration™, VMware Horizon®, VMware Identity Manager™ and VMware Horizon® FLEX™.

Windows 10 is positioned as a milestone release for Microsoft and represents a fundamental shift in the way IT can manage all devices running the new software. As the vast majority (96 percent) of enterprises surveyed plan to use internal resources and existing staff to upgrade, according to a July 2015 TechValidate study commissioned by VMware, VMware supports the Windows 10 platform by providing tools internal IT departments need to assist manage devices, deliver all application types and activate the new features introduced in Windows 10. VMware solutions are purpose-built to support customers embracing business mobility and updating to Windows 10, while ongoing to support earlier Windows versions.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. The company’s virtualization infrastructure solutions comprise a suite of products designed to deliver a software-defined data center (SDDC), run on industry-standard desktop computers and servers, and support a range of operating system and application environments, in addition to networking and storage infrastructures. Its solutions enable organizations to aggregate multiple servers, storage infrastructure, and netoperates together into shared pools of capacity.

Gogo Inc (NASDAQ:GOGO)’s shares dropped -7.27% to $16.96.

Gogo Inc. (GOGO), declared its financial results for the quarter ended June 30, 2015.

Gogo stated record quarterly revenue of $121.2 million, up 22% year-over-year. Service revenue raised 28% to $101.4 million, surpassing $100 million in a single quarter for the first time. Adjusted EBITDA raised $7.7 million to a record $10.8 million.

Second Quarter 2015 Merged Financial Results

  • Revenue raised to $121.2 million, up 22% from $99.5 million in Q2 2014. Service revenue raised 28% to a record $101.4 million.
  • Combined segment profit of CA-NA and BA raised 31% year-over-year to $28.8 million for Q2 2015.
  • Adjusted EBITDA for Q2 2015 was $10.8 million, up from $3.1 million for Q2 2014.
  • Cash CAPEX reduced to $22.8 million from $26.9 million in Q2 2014, primarily due to an enhance in airborne equipment proceeds received from our airline partners.

Gogo Inc., through its auxiliaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The Commercial Aviation North America segment provides in-flght connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally start and end within North America.

At the end of Thursday’s trade, Tesoro Corporation (NYSE:TSO)‘s shares surged 3.21% to $101.27.

Tesoro Corporation ( TSO ) stated second quarter 2015 net earnings of $582 million, or $4.59 per diluted share contrast to net earnings of $224 million, or $1.70 per diluted share for the second quarter of 2014. Net earnings from ongoing operations for the second quarter were $586 million or $4.62 per diluted share. Adjusted EBITDA for the second quarter 2015 was $1.2 billion contrast to $548 million last year.

For the second quarter 2015, the Company recorded segment operating income of $1.1 billion contrast to segment operating income of $494 million in the second quarter of 2014. The enhance was largely driven by strong demand, continued growth in the logistics segment and business improvements.

The refining segment`s operating income was $753 million for the quarter, contrast to $358 million in the second quarter of 2014. Our refineries benefited from a substantially improved margin environment and lower operating expenses partially offset by turnarounds and maintenance activities.

Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, in addition to other products, counting heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt.

Charter Communications, Inc. (NASDAQ:CHTR), ended its Thursday’s trading session with -0.69% loss, and closed at $187.25.

Charter Communications, Inc. (together with its auxiliaries, the “Company” or “Charter”) recently stated financial and operating results for the three and six months ended June 30, 2015.

 

Key highlights:

  • Second quarter revenues of $2.4 billion grew 7.6%1as contrast to the preceding-year period, driven by residential revenue growth of 7.0% and commercial revenue growth of 14.0%.
  • Second quarter Adjusted EBITDA2grew by 6.8% year-over-year. Not taking into account second quarter transactions transition costs of $17 million, Adjusted EBITDA grew by 8.9% year-over-year.
  • Capital expenditures totaled $432 million in the second quarter of 2015, contrast to $570 million during the second quarter of 2014. Not taking into account transactions transition capital expenditures, second quarter capital expenditures totaled $404 million.
  • Residential customer relationships raised by 34,000 during the second quarter, as compared to 27,000 during the second quarter of 2014. For the twelve months ending June 30, 2015, residential customer relationships grew by 4.6%, or 261,000.

Charter Communications, Inc., through its auxiliaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. The company offers cable video programming services, counting basic and digital video, premium channels, on-demand, pay-per-view, high definition television, and digital video recorder services, in addition to Charter TV App, which enables video customers to search and discover content on various devices, counting the iPhone, iPad, iPod Touch, and Android based tablets. It also provides Internet services, such as residential Internet services; Charter.net, an Internet portal that provides multiple e-mail addresses, in addition to various entertainment, games, news, and sports content; and Charter Security Suite, which protects computers from viruses and spyware, in addition to offers parental control features.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *