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Tuesday 11 August 2015
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Pre-Market News Analysis on: Brinker International, (NYSE:EAT), Albemarle (NYSE:ALB), Discover Financial Services (NYSE:DFS), Basic Energy Services, (NYSE:BAS)

On Thursday, Brinker International, Inc. (NYSE:EAT)’s shares declined -4.82% to $56.48.

Brinker International, Inc. (EAT), declared results for the fiscal fourth quarter ended June 24, 2015.

Highlights comprise the following:

  • Earnings per diluted share, not taking into account special items, raised 10.6 percent to $0.94 contrast to $0.85 for the fourth quarter of fiscal 2014. Earnings per diluted share, not taking into account special items, raised 14.0 percent to $3.09 contrast to $2.71 for the full year fiscal 2014.
  • On a GAAP basis, earnings per diluted share raised 114.0 percent to $0.92 contrast to $0.43 for the fourth quarter of fiscal 2014 driven primarily by pre-tax charges of $39.5 million recorded in the preceding year related to litigation reserves. On a GAAP basis, earnings per diluted share raised to $3.05, contrast to $2.26 for the full year fiscal 2014.
  • Brinker International company sales raised 0.5 percent to $738.4 million.
  • Chili’s company-owned comparable restaurant sales reduced 0.8 percent.

Brinker International, Inc. owns, develops, operates, and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands worldwide. As of September 24, 2014, it owned, operated, or franchised 1,622 restaurants. The company was founded in 1975 and is based in Dallas, Texas.

Albemarle Corporation (NYSE:ALB)’s shares dropped -2.80% to $51.77.

Albemarle Corporation (ALB), declared that Scott Tozier, senior vice president and chief financial officer, and Matt Juneau, senior vice president, Corporate Strategy & Investor Relations, will present at the Jefferies 11th Annual Global Industrials Conference between 2:40 p.m. ET and 3:15 p.m. ET on August 12, 2015. The format will comprise one general session, and the remainder of the day will comprise of one-on-one and small group meetings.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company’s Performance Chemicals segment offers brominated flame retardants under the Saytex brand; mineral-based flame retardants under the Martinal and Magnifin brands; and elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals that are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications.

At the end of Thursday’s trade, Discover Financial Services (NYSE:DFS)‘s shares dipped -1.62% to $53.59.

Discover is giving students who sign up for a new Discover student credit card an added incentive to get good grades while they are in school. New student cardmembers who apply after July 23, 2015 will be rewarded with $20 in Cashback Bonus® if their grade point average is 3.0 (or equivalent) or higher each year they are enrolled in school, for the first five years from the account opening.

The Good Grades $20 Cashback Bonus will be in addition to the current rewards structures for the two student credit cards Discover has accessible:

  • Discover it® chrome for Students offers an automatic 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases quarterly.
  • Discover it® for Students offers 5% cash back in categories that change each quarter, up to the quarterly maximum in combined purchases, when you sign up.
  • Both cards earn 1% cash back on all other purchases.

Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Basic Energy Services, Inc (NYSE:BAS), ended its Thursday’s trading session with 2.16% gain, and closed at $6.63.

Basic Energy Services, Inc. (BAS) stated selected operating data for the month of June 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 55,800, producing a rig utilization rate of 55%, contrast to 50% and 74% in May 2015 and June 2014, respectively.

During the month, Basic’s fluid service truck count raised by six to 1,012. Fluid service truck hours for the month were 193,200, contrast to 189,900 and 205,300 in May 2015 and June 2014, respectively.

Drilling rig days for the month were 60, producing a rig utilization of 17% contrast to 26% and 88% in May 2015 and June 2014, respectively.

Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 291 pumping units; and 66 air compressor packages, counting 36 snubbing units, 16 coiled tubing units, and 10 wireline units.

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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.




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