On Friday, United Microelectronics Corp (ADR) (NYSE:UMC)’s shares declined -0.55% to $1.80.
United Microelectronics Corporation ( UMC), a leading global semiconductor foundry, issued an update on its guidance for the third quarter of 2015.
Based on its 3Q 2015 outlook, UMC anticipates foundry segment gross profit margin to be in the high-teens percentage range, contrast to its formerly stated guidance of mid-teens percentage range in the company’s earlier 2Q 2015 earnings declarement.
United Microelectronics Corporation provides semiconductor wafer foundry solutions. Its foundry solutions comprise silicon verification, libraries and IP, design verification, design for manufacturing, MM/RF foundry design kit and design support manual, and design flow reference, in addition to mask services, such as mask inspection, IP protection and data preparation, and tape-out status tracking.
Government Properties Income Trust(NYSE:GOV)’s shares dropped -1.54% to $17.27.
Government Properties Income Trust (GOV) declared its financial results for the quarter and six months ended June 30, 2015.
David Blackman, President and Chief Operating Officer of GOV, made the following statement:
Results for the Quarter Ended June 30, 2015:
Normalized funds from operations, or Normalized FFO, for the quarter ended June 30, 2015 were $42.4 million, or $0.60 per diluted share, contrast to Normalized FFO for the quarter ended June 30, 2014 of $31.5 million, or $0.57 per diluted share. The enhance in Normalized FFO per share this quarter was primarily the result of GOV’s investment in Select Income REIT (SIR).
Net loss determined in accordance with U.S. generally accepted accounting principles, or GAAP, was $191.2 million, or $2.71 per diluted share, for the quarter ended June 30, 2015, contrast to net income of $14.6 million, or $0.27 per diluted share, for the quarter ended June 30, 2014. The net loss for the quarter ended June 30, 2015 comprised of a non-cash loss on impairment of GOV’s investment in SIR of $203.3 million, or $2.88 per diluted share. The weighted average number of diluted common shares outstanding was 70.5 million for the quarter ended June 30, 2015, and 54.7 million for the quarter ended June 30, 2014.
Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business segments: ownership of properties that are primarily leased to Government tenants and its equity method investment in Select Income REIT (SIR). The Company’s properties are located in Alabama, Arizona, California, Florida, Kentucky, Massachusetts, New Jersey, New York, Texas, Washington and Wyoming.
At the end of Friday’s trade, Stanley Black & Decker, Inc. (NYSE:SWK)‘s shares surged 0.94% to $105.49.
Stanley Black & Decker (SWK) declared second quarter 2015 financial results.
- 2Q’15 Revenues Totaled $2.9 Billion, Flat To Preceding Year, As Robust Organic Growth Of 8% Was Offset By An 8% Currency Impact
- 2Q’15 Operating Margin Rate Expanded 70 Basis Points To A Post-Merger Record 14.4% Despite $50 Million Of Currency Headwinds
- 2Q’15 Diluted GAAP EPS Was $1.54 Up 11% From 2Q’14 On Strong Operational Performance
- Raising 2015 Full Year GAAP EPS Guidance Range To $5.70 To $5.90 From $5.65 To $5.85, Up 6% To 10% As compared to 2014, Despite $1.00 To $1.10 Per Share Of Foreign Currency EPS Pressure
2Q’15 Key Points:
- Net sales for the period were $2.9 billion, flat to preceding year, as positive volume (+7%) and price (+1%) were offset by currency (-8%).
- Gross margin rate for the quarter was 36.9%, up 20 basis points from the preceding year rate of 36.7% as a result of favorable volume leverage, price, productivity and cost actions which more than offset unfavorable currency.
- SG&A expenses were 22.5% of sales contrast to 22.9% in 2Q’14 reflecting volume leverage and cost control.
Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. Its Construction & Do-It-Yourself segment provides professional grade corded and cordless electric power tools and equipment, counting drills, impact wrenches and drivers, grinders, saws, routers, and sanders; corded and cordless electric power tools, lawn and garden products, and home products; measuring tools, leveling and layout tools, planes, hammers, demolition tools, knives, saws, and chisels, in addition to tool boxes, sawhorses, and storage units; and pneumatic tools, fasteners, and power tool accessories.
Stillwater Mining Company(NYSE:SWC), ended its Friday’s trading session with 0.42% gain, and closed at $9.52.
Stillwater Mining Company (SWC) stated financial results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights:
- Processed 151,600 ounces of recycled palladium, platinum and rhodium, an enhance of 12.9% over 134,300 ounces recycled during the second quarter of 2014.
- Merged net loss attributable to common stockholders of $27.5 million or $0.23 per share, counting a $46.8 million (before-tax) impairment charge taken on the Marathon mineral properties.
- Mined palladium and platinum production of 127,000 ounces, a slight enhance from 126,400 ounces mined during the second quarter of 2014.
- All-in Sustaining Costs (AISC)* of $785 per mined ounce of palladium and platinum, contrast to $792 per mined ounce for the second quarter of 2014.
- Cash and cash equivalents plus highly liquid investments of $531.2 million at quarter end, after $11.0 million enhance in recycle working capital during the second quarter.
- Labor contract with employees expired during the quarter; represented employees at the Stillwater Mine and Columbus processing facilities continue to work under the terms of the previous agreement.
Stillwater Mining Company engages in the development, extraction, processing, smelting, and refining of platinum group metals (PGMs). It operates through Mine Production, PGM Recycling, Canadian Properties, and South American Properties segments. The company primarily explores for palladium, platinum, and associated metals, in addition to for nickel, copper, gold, silver, and rhodium ores.
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