On Monday, Oneok Partners LP (NYSE:OKS)’s shares declined -1.53% to $33.39.
ONEOK, Inc. (OKE) declared second-quarter 2015 financial results.
SECOND-QUARTER AND YEAR-TO-DATE 2015 FINANCIAL PERFORMANCE
Second-quarter 2015 results raised, contrast with the second quarter 2014, due primarily to higher natural gas and natural gas liquids volumes at ONEOK Partners (OKS).
Variances in financial performance in the first six months of 2015, contrast with the same period in 2014, are primarily a reflection of significantly higher weather-related seasonal demand in the Midwest, resulting in higher prices for propane and natural gas, due to severely cold weather during the first quarter 2014 and sustained lower commodity prices through the first half of 2015.
Enhances in second-quarter 2015 operating income reflect:
- Higher NGL exchange-services volumes from recently connected natural gas processing plants in the Williston Basin, Powder River Basin and Mid-Continent regions, and additional revenues from minimum volume obligations;
- Higher NGL transportation margins, primarily from the acquisition of the West Texas LPG pipeline system; and
- Higher margins due to changes in contract mix and higher natural gas volumes gathered, processed and sold, and higher NGL volumes sold, in the natural gas gathering and processing segment; offset partially by
- Lower net realized NGL, natural gas and condensate prices.
ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming.
EMCORE Corporation(NASDAQ:EMKR)’s shares gained 1.94% to $7.36.
EMCORE Corporation (EMKR), a leading provider of compound semiconductor-based components, subsystems, and systems for the broadband and specialty fiber optics market, recently declared financial results for its third quarter ended June 30, 2015.
Financial Statement Highlights for the Third Quarter of Fiscal 2015:
- Merged revenue was $21.2 million, representing a 11.2% enhance from the immediate preceding quarter.
- Merged gross margin was 36.3%, an improvement from the 33.5% gross margin stated in the immediate preceding quarter.
- Non-GAAP income from ongoing operations was $1.3 million, an improvement of about $1.3 million over the immediate preceding quarter.
- Income from suspended operations, net of tax, of $2.0 million.
- Merged net income was $2.4 million, a $0.6 million decrease when contrast to the immediate preceding quarter.
- Merged net income per share was $0.08 contrast to net income per share of $0.10 in the immediate preceding quarter.
EMCORE Corporation, together with its auxiliaries, provides compound semiconductor-based components, subsystems, and systems for the fiber optics market. It offers optical components, subsystems, and systems for high-speed telecommunications, cable television, and wireless and fiber-to-the-premise networks, in addition to offers products for satellite communications, video transport, and specialty photonics technologies for defense and homeland security applications.
At the end of Monday’s trade, Mobileiron Inc (NASDAQ:MOBL)‘s shares dipped -3.84% to $4.51.
MobileIron (MOBL), the leader in mobile enterprise security, recently declared it has been positioned by Gartner, Inc. in the Leaders quadrant of the “Magic Quadrant for Enterprise Mobility Administration Suites.”* This is the fifth successive year that MobileIron has been positioned in the Leaders Quadrant and the second successive year that MobileIron has been positioned furthest on the Completeness of Vision axis.
MobileIron, Inc. provides a purpose-built mobile IT platform that enables enterprises to secure and manage mobile applications, content, and devices while providing their employees with device choice, privacy, and a native user experience. The company’s MobileIron platform offers mobile device administration capabilities that enable IT to securely manage mobile devices across mobile operating systems and provide secure corporate email, automatic device configuration, and certificate-based security; and mobile application administration functionality, which assists IT manage the entire apps lifecycle, from making apps accessible in the enterprise app storefront, securing applications on the device, enforcing user authentication, isolating them from personal apps, and retiring them as necessary. Its MobileIron platform also provides mobile content administration that enable IT to provide secure mobile access to enterprise documents residing in SharePoint, file shares, and other enterprise and cloud content repositories, in addition to secures email attachments.
Scripps Netoperates Interactive, Inc. (NYSE:SNI), ended its Monday’s trading session with 2.00% gain, and closed at $58.67.
Scripps Netoperates Interactive, Inc. (SNI) stated second-quarter 2015 operating results.
Merged revenues for the quarter raised $24.0 million, or 3.4 percent, to $732.1 million from the preceding-year period. Results for the three-month period ended June 30 comprise advertising revenue of $502.9 million, up $5.9 million, or 1.2 percent, over last year and associate fee revenue of $215.2 million, up $17.2 million, or 8.7 percent, year over year.
Cost of services and selling, general and administrative expenses for the quarter reduced $15.3 million, or 3.9 percent, to $373.6 million from the preceding-year period, driven by a reduction in ongoing employee costs as a result of the restructuring program executed in the fourth quarter of 2014. Comprised of in the second quarter of 2015 were:
- $5.3 million of costs related to the formerly declared restructuring program; and
- $4.2 million of transaction and integration expenses related to the TVN acquisition.
Comprised of in the second quarter of 2014 were:
- $9.7 million of costs related to the termination of certain third-party service provider contracts.
Not taking into account the impact of these items in their respective periods, cost of services and selling, general and administrative expenses would have reduced $15.1 million, or 4.0 percent, to $364.0 million.
Scripps Netoperates Interactive, Inc. develops lifestyle-oriented content for linear and interactive video platforms in the United States, the United Kingdom and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America. The company delivers content that focuses on specifically defined topics of interest for audiences and advertisers.
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