On Friday, Discovery Communications Inc. (NASDAQ:DISCK)’s shares declined -0.48% to $27.12.
Discovery Communications, Inc. (DISCK) Reports Second Quarter 2015 Results
Second Quarter 2015 Financial Highlights:
- Revenues raised 3% to $1,654 million (raised 11% not taking into account currency effects)
- Adjusted OIBDA reduced 2% to $680 million (raised 6% not taking into account currency effects)
- Adjusted EPS reduced 16% to $0.49 (raised 4% not taking into account currency effects)
- Repurchased $207 million worth of stock
Second Quarter Results
Second quarter revenues of $1,654 million raised $44 million, or 3%, over the second quarter a year ago, led by 5% growth at U.S. Netoperates and 1% growth at International Netoperates. Adjusted Operating Income Before Depreciation and Amortization(1) (“OIBDA”) reduced 2% to $680 million, as 7% growth at U.S. Netoperates was more than offset by an 11% decline at International Netoperates and a small operating loss at Education and Other. Total Company revenues grew 11% and Adjusted OIBDA grew 6% not taking into account currency effects, as changes in foreign currency exchange rates reduced both second quarter revenue and Adjusted OIBDA growth by 8%. Not taking into account currency effects, the impact of Eurosport(2) and the consolidation of Discovery Family, total Company revenues raised 4% and Adjusted OIBDA raised 3%.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Netoperates; International Netoperates; and Education and Other segments. It owns and operates television netoperates under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
Silver Standard Resources Inc. (USA) (NASDAQ:SSRI)’s shares dropped -0.31% to $6.39.
Silver Standard Resources Inc. (SSRI) reports merged financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights:
- Generated strong operating cash flow:Cash flows from operating activities of $21.9 million.
- Raised cash balance:$217.2 million in cash and cash equivalents, an enhance of $41.6 million quarter-on-quarter due to strong production and the receipt of the deferred consideration from the sale of the San Agustin project.
- Delivered strong production results:Produced 48,685 ounces of gold and 2.4 million ounces of silver for silver equivalent production of 6.0 million ounces.
- Continued trend of lower gold cash costs:Stated $717 per payable ounce of gold sold at the Marigold mine.
- Achieved lower silver cash costs:Stated $9.45 per payable ounce of silver sold at the Pirquitas mine, ongoing our trend of lower cash costs.
- Continued exploration success at Marigold:Mineral development drilling continues to extend higher grade mineralization at the 8 South pit area and identified a new mineralized structure.
Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits. Its principal projects comprise the Pirquitas mine comprising of 50 semi-contiguous mineral exploration concessions covering a total area of 3,621 hectares located in the Puna de Jujeña region of northwestern Argentina in the province of Jujuy; and Marigold mine comprising about 19,560 acres situated in southeastern Humboldt County, Nevada.
At the end of Friday’s trade, Ameriprise Financial, Inc. (NYSE:AMP)‘s shares surged 1.05% to $122.96.
Ameriprise Financial, Inc. (AMP) released the results of the new Retirement 2.0SM study, revealing that the majority of Gen Xers (76%) report proactively planning for their retirement, with eight in 10 (79%) respondents presently saving through a 401(k) plan, and seven in 10 (69%) investing in an IRA or similar account.
The Retirement 2.0 study, which surveyed more than 1,500 Americans between the ages of 35-50 with at least $100,000 in investable assets, took a comprehensive look at how Gen X is approaching retirement. The study also explored how they have invested and saved for this major milestone; and how they expect to spend their retirement years. Encouragingly, the study found that Gen Xers began planning for retirement early and started saving at the average age of 26. They anticipate relying on their 401(k) accounts (42%) or IRAs (29%) as their main sources of income during retirement, while pensions (14%) and Social Security (5%) are predictable to take a back seat as primary sources of retirement funding.
Ameriprise Financial, Inc., through its auxiliaries, provides various financial products and services to individual and institutional clients in the United States and internationally. The company’s Advice & Wealth Administration segment provides financial planning and advice, in addition to full-service brokerage services primarily to retail clients through its advisors. Its Asset Administration segment offers investment advice and investment products to retail, high net worth, and institutional clients through unassociated third party financial institutions and institutional sales force. This segment’s products comprise U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset administration products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property funds.
General Mills, Inc. (NYSE:GIS), ended its Friday’s trading session with 0.63% gain, and closed at $59.26.
General Mills unveiled its line-up of new products set to debut this summer. Leading this collection is a host of new products to align with growing consumer interest in wellness, counting new Yoplait Plenti, Nature Valley Toasted Oats Muesli, and Annie’s organic soups.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products comprise ready-to-eat cereals; convenient meals, counting meal kits, ethnic meals, pizza, soups, side dish mixes, frozen breakfast, and frozen entrees; snacks comprising grain, fruit, and savory snacks, in addition to nutrition bars and frozen hot snacks; refrigerated yogurt products; ice creams; baking mixes and ingredients; refrigerated and frozen dough products; and frozen and shelf-stable vegetable products. In addition, the company’s products comprise organic products, such as meal kits, granola bars, and cereal.
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