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Wednesday 29 July 2015
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Pre-Market News Analysis on: Manitowoc Company (NYSE:MTW), Marriott International (NASDAQ:MAR), Precision Drilling (NYSE:PDS), Pacific Biosciences of California (NASDAQ:PACB)

On Thursday, Manitowoc Company Inc (NYSE:MTW)’s shares declined -2.60% to $17.58.

The Manitowoc Company, Inc. (MTW) declared that it will release its second-quarter 2015 financial results on Wednesday, July 29, after the close of market. The company’s second-quarter results will also be talk about by Manitowoc’s administration team during a live conference call for security analysts and institutional investors, which will be held at 10:00 a.m., Eastern Time, on Thursday, July 30.

The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands. Its products are used in various applications, counting energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction.

Marriott International Inc (NASDAQ:MAR)’s shares dropped -3.00% to $74.62.

Marriott International Inc (MAR) the world’s favorite travel company, and Universal Music Group (UMG), the global music leader, have created a first-of-its-kind global marketing partnership that will comprise exclusive performances by established and emerging recording artists, branded video series, social content, music downloads, ticket offers and more. The partnership joins Marriott International’s 19 brands, counting The Ritz-Carlton, EDITION, JW Marriott, Renaissance and Marriott Hotels, with illustrious UMG music labels such as Capitol Music Group, Def Jam Recordings, Interscope Geffen A&M, Island Records, Republic Records and UMG Nashville.

Marriott and UMG are setting out to engage a new generation of experience-seekers, travelers and music fans to deliver unique #WithTheBand experiences. Starting this summer, the partnership will premiere live performances for hotel guests at select properties across Marriott International’s portfolio of brands around the globe. On June 30, 2015, the St. Pancras Renaissance London Hotel will feature a live performance by pop sensation and ‘The Voice Australia’ judge, Jessie J, kicking off a series of exclusive, on-property performances on five different continents.

Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and administration of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation.

At the end of Thursday’s trade, Precision Drilling Corp (USA) (NYSE:PDS)‘s shares dipped -0.97% to $5.08.

Precision Drilling Corporation (PDS) has declared a dividend on its common shares of $0.07 per common share, payable on August 21, 2015, to shareholders of record on August 10, 2015. For Canadian income tax purposes, all dividends paid by Precision on its common shares are designated as “eligible dividends”, unless otherwise indicated by Precision.

Net loss this quarter was $30 million, or $0.10 per diluted share, contrast to a net loss of $7 million, or $0.02 per diluted share, in the second quarter of 2014.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Pacific Biosciences of California (NASDAQ:PACB), ended its Thursday’s trading session with 5.57% gain, and closed at $5.69.

Pacific Biosciences of California, Inc. (PACB) will hold its quarterly conference call to talk about its Second Quarter 2015 Financial Results on Wednesday, August 5, 2015, at 4:30pm Eastern Time.

Pacific Biosciences of California, Inc. designs, develops, manufactures, and markets an integrated platform for genetic analysis. The company provides single molecule real-time (SMRT) technology platform, which enables single molecule real-time detection of biological processes.

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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.

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