On Wednesday, Parker-Hannifin Corporation (NYSE:PH)’s shares declined -1.29% to $111.30.
Parker Hannifin Corporation (PH), the global leader in motion and control technologies, recently declared that Jeff Cullman, Vice President and President - Hydraulics Group, will retire effective October 1, 2015 after 36 years of dedicated service to the company. Separately, the company recently declared that Bob Bond, Vice President and President - Fluid Connectors Group, has been elected to a newly created position as Vice President - eBusiness, IoT and Services, effective September 1, 2015. As a result of these changes, the company is making a number of related changes for several operating groups, effective September 1, 2015.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. It operates through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides pneumatic, fluidic, and electromechanical components and systems; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic components and systems for builders and users of industrial and mobile machinery and equipment; critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, in addition to components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions; and static and dynamic sealing devices.
Abraxas Petroleum Corp. (NASDAQ:AXAS)’s shares dropped -6.32% to $1.63.
Abraxas Petroleum Corporation (AXAS) stated financial and operating results for the three and six months ended June 30, 2015.
Financial and Operating Results for the Three Months Ended June 30, 2015
The three months ended June 30, 2015 resulted in:
- Production of 498 MBoe (5,471 Boepd)
- Revenue of $20.5 million inclusive of realized hedge settlements
- Adjusted EBITDA(a)of $11.9 million inclusive of Raven Drilling
- For the purposes of our bank covenants, monetized hedge contracts are comprised of in our EBITDA calculation. With these adjustments EBITDA was $15.3 million (not taking into account Raven Drilling’s EBITDA).
- Adjusted discretionary cash flow(a)of $11.1 million inclusive of Raven Drilling
- Net loss of $6.6 million, or $0.06 per share
- Adjusted net loss(a), not taking into account certain non-cash items and inclusive of Raven Drilling of $0.07 million, or $0.00 per share
Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions. As of December 31, 2014, its estimated net proved reserves were 42.4 million barrels of oil equivalent.
At the end of Wednesday’s trade, ServiceNow Inc (NYSE:NOW)‘s shares dipped -0.34% to $75.63.
ServiceNow® (NOW), the enterprise cloud company, declared the financial results for its second quarter 2015.
Second Quarter 2015 Results:
- Revenues of $246.7 million, an enhance of 48% year-over-year and 59% in constant currency.
- GAAP net loss of $61.9 million, or a loss of $0.40 per basic and diluted share, contrast to a GAAP net loss of $50.4 million, or a loss of $0.35 per basic and diluted share, in the second quarter of 2014.
- Non-GAAP net income of $7.3 million, or income of $0.05 per basic share and $0.04 per diluted share, contrast to a non-GAAP net loss of $9.4 million, or a loss of $0.07 per basic and diluted share, in the second quarter of 2014.
- Calculated billings were $281.4 million, increasing 50% year-over-year and 62% in constant currency.
- Added 21 net new Global 2000 customers, bringing the total to 566.
- For a reconciliation of these GAAP and non-GAAP financial measures, please see the table entitled “Results of Operations GAAP to Non-GAAP Reconciliation” comprised of at the end of this release.
A recent survey revealed that employees spend nearly two days a week on non-planned administrative activities. In an organization with 5,000 employees, these unnecessary tasks and inefficient processes consume up to 4 million hours per year – that’s the equivalent of 2,000 full-time employees. Few companies can afford that in recently’s data-driven digital economy. Collectively across the United States, companies are spending $575 billion a year on this productivity drain. That’s the equivalent of 3.3% of the US gross domestic product.
Ceres Inc (NASDAQ:CERE), ended its Wednesday’s trading session with -18.01% loss, and closed at $1.32.
Ceres, Inc. (CERE), an agricultural biotechnology company, has been awarded a U.S. patent for its iCODE multi-gene trait development system. The company indicated that the patent award is a key milestone in its plan to further develop and license this technology to other crop companies and organizations.
iCODE was developed to rapidly create, evaluate and select optimal combinations of genes and their control components for next-generation biotechnology traits in crops such as corn and soybean. The system is significantly more powerful than current practices. iCODE, which is an acronym for Intelligent Combinatorial Optimization and Directed Evolution, utilizes a plant cell’s own gene-shuffling system to create thousands of test plants with various novel combinations of pre-selected genes and promoters, which are the on-off switches for genes. Due to the efficiency of the system, Ceres says that iCODE can enable new kinds of discoveries and allow even smaller research programs to better compete against much larger competitors.
Ceres, Inc., an agricultural biotechnology company, develops and sells energy crops to produce renewable bioenergy feedstocks in North America. The company’s energy crops comprise sweet sorghum; high biomass sorghum for the generation of renewable electric power and the creation of cellulosic biofuels; switchgrass, a perennial grass; miscanthus, a tall perennial grass for use as an energy crop. Ceres, Inc. markets its seed products under the Blade brand. It also licenses its biotech traits and technology, counting Persephone genome visualization software to other organizations.
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