On Tuesday, Tyco International PLC (NYSE:TYC)’s shares inclined 0.24% to $38.27.
Tyco (TYC) stated $0.44 in GAAP diluted earnings per share (EPS) from ongoing operations for the fiscal third quarter of 2015 and diluted EPS from ongoing operations before special items of $0.59. Revenue of $2.5 billion in the quarter reduced 6% as compared to the preceding year, primarily due to a 7% negative impact of the stronger U.S. dollar against foreign currencies. Organic revenue declined 1% in the quarter. Acquisitions contributed 2 percentage points of growth, which was partially offset by the impact of a divestiture.
Revenue of $842 million reduced 16% contrast to the preceding year, driven by a 13% unfavorable impact from foreign currency exchange rates. Organic revenue declined 2%, with a 1% decline in service and a 3% decline in installation revenue. Acquisition growth of 1% was more than offset by a decline related to a divestiture. Backlog of $1.9 billion reduced 1% year over year and raised 1% on a quarter sequential basis, not taking into account the impact of foreign currency and the divestiture.
Tyco International Ltd. designs, sells, installs, and services security, fire detection, suppression, and life safety products worldwide. It operates in three segments: North America Installation & Services, Rest of World Installation & Services, and Global Products. Its electronic security systems comprise detection devices; asset protection and security administration systems; anti-theft systems; access control solutions, such as integrated security administration systems, access control solutions applications, alarm administration panels, door controllers, readers, keypads, and cards; video system solutions, such as digital video administration systems, matrix switchers and controllers, digital multiplexers, programmable cameras, monitors, and liquid crystal interactive displays; and burglar alarms and interactive security systems, such as alarm control panels, keypads, sensors, and central station receiving equipment for homes and businesses.
Brocade Communications Systems, Inc. (NASDAQ:BRCD)’s shares dropped -0.64% to $10.03.
Brocade ( BRCD) declared a partnership with CERN openlab to assist the world’s largest and most respected center for scientific research develop a long-term software-defined networking (SDN) strategy for the New IP. Brocade has been named an official networking contributor member to CERN openlab, building on its previous relationship as a technology supplier to CERN.
Created in 2001, CERN openlab is a unique public-private partnership between CERN and leading ICT companies from across the world. Its mission is to accelerate the development of cutting-edge solutions to be used by the worldwide Large Hadron Collider (LHC) community.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, fabrics, and embedded switches that assist customers in the development and delivery of storage and server consolidation, disaster recovery and data security, and compliance issues regarding data administration; and fabric extension, switching, and routing solutions.
At the end of Tuesday’s trade, Weyerhaeuser Co (NYSE:WY)‘s shares surged 0.81% to $31.07.
Weyerhaeuser Company (WY) stated second quarter net earnings to common shareholders of $133 million, or 26 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $90 million, or 17 cents per diluted share, on net sales of $1.7 billion for first quarter 2015, and net earnings of $280 million, or 47 cents per diluted share, on net sales from ongoing operations of $2.0 billion for the second quarter last year.
Not taking into account special items, second quarter net earnings of $133 million compares with net earnings from ongoing operations before special items of $99 million for first quarter 2015, and $234 million for the second quarter last year.
Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada.
Texas Roadhouse Inc (NASDAQ:TXRH), ended its Tuesday’s trading session with -4.73% loss, and closed at $38.85.
Texas Roadhouse, Inc. ( TXRH), declared financial results for the 13 and 26 week periods ended June 30, 2015.
Results for the second quarter comprised of the following highlights:
- Comparable restaurant sales raised 8.2% at company restaurants and 6.9% at franchise restaurants;
- Restaurant margin, as a percentage of restaurant sales, reduced 193 basis points to 16.2%. Food cost inflation of about 9.4%, mostly driven by beef, more than offset the impact of higher average unit volume;
- Diluted earnings per share reduced 8.5% to $0.30 from $0.33 in the preceding year;
- Nine company–owned restaurants were opened, counting two Bubba’s 33 restaurants; and,
- The Company repurchased 88,089 shares of its common stock for $3.1 million.
Texas Roadhouse, Inc., together with its auxiliaries, operates as a full-service restaurant company. The company operates its restaurants primarily under the Texas Roadhouse name. It also provides supervisory and administrative services for other franchise Texas Roadhouse restaurants, in addition to sells franchise rights. As of February 23, 2015, the company owned and operated 450 restaurants in 49 states, in addition to in 4 countries internationally.
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