On Tuesday, Lam Research Corporation (NASDAQ:LRCX)’s shares declined -3.50% to $73.09.
Lam Research Corporation (LRCX) declared its forthcoming investor conference plan:
August 11, 2015 - Pacific Crest Global Technology Leadership Forum, 8:30AM Pacific Time
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. The company provides thin film deposition products, counting SABRE Product Family for copper damascene manufacturing; ALTUS systems deposit conformal atomic layer films for tungsten metallization applications; VECTOR family of plasma-improved chemical vapor deposition systems for the deposition of ashable hardmasks, oxides, nitrides, carbides, and anti-reflective layers; SPEED high-density plasma-chemical vapor deposition products for applications in STI, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing product family for the treatment of back-end-of-line low-k dielectric films and front-end-of-line silicon nitride strained films.
Phillips 66 (NYSE:PSX)’s shares dropped -0.53% to $78.26.
Phillips 66 (PSX), an energy manufacturing and logistics company, declares second-quarter earnings of $1,012 million, contrast with earnings of $987 million in the first quarter of 2015. Adjusted earnings were $1,002 million, an enhance of $168 million from the last quarter.
Phillips 66’s Midstream segment second-quarter adjusted earnings were $48 million, a decrease of $19 million from the first quarter of 2015.
Phillips 66’s Transportation business generated earnings of $65 million during the second quarter, comprising with the first quarter. Volume enhances associated with higher refining utilization in the second quarter were offset by a favorable claim settlement in the first quarter.
Earnings from the NGL business were $8 million for the second quarter of 2015. The $6 million decrease from the preceding quarter was largely related to seasonally lower propane volumes, in addition to lower realized margins.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States.
At the end of Tuesday’s trade, VCA Inc (NASDAQ:WOOF)‘s shares dipped -5.45% to $58.15.
VCA Inc. (WOOF), a leading animal healthcare company in the United States and Canada, recently stated financial results for the second quarter ended June 30, 2015, as follows: revenue raised 12.1% to a second quarter record of $548.8 million; gross profit raised 17.0% to $140.8 million; operating income raised 21.6% to $97.2 million; net income raised 19.1% to $54.3 million and diluted earnings per common share raised 27.5% to $0.65. Non-GAAP diluted earnings per common share, which excludes acquisition-related amortization, raised 27.3% to $0.70.
2015 Guidance
We are revising our guidance as follows:
- Revenue from $2.12 billion to $2.13 billion;
- Net income from $172 million to $181 million;
- Diluted earnings per common share from $2.08 to $2.18; and
- Non-GAAP diluted earnings per common share of $2.25 to $2.35.
VCA Inc. operates as an animal healthcare company in the United States and Canada. It operates through two segments, Animal Hospital and Laboratory. The Animal Hospital segment offers general medical and surgical services, in addition to specialized treatments comprising advanced diagnostic services, internal medicine, oncology, neurology, endocrinology, ophthalmology, dermatology, and cardiology for companion animals; and sells related retail and pharmaceutical products.
Cobalt International Energy, Inc. (NYSE:CIE), ended its Tuesday’s trading session with 6.15% gain, and closed at $7.94.
Cobalt International Energy, Inc. (CIE) declared a net loss of $66.8 million, or $0.16 per basic and diluted share for the second quarter of 2015, contrast to a net loss of $94.8 million, or $0.23 per basic and diluted share, for the second quarter of 2014. The current quarter comprised of $4.4 million of impairment charges for the formerly declared abandonment of the North Platte #2 appraisal well.
Capital and operating expenditures (not taking into account changes in working capital) for the quarter ending June 30, 2015 were about $205 million, in line with Cobalt’s planned capital and operating expenditures of about $800-900 million in 2015. Cash, cash equivalents, investments, and undrawn amounts under the Heidelberg Facility Agreement at the end of the second quarter were about $1.9 billion. This comprises about $82 million held for future operations in collateralizing letters of credit.
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
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