On Friday, Infinera Corp. (NASDAQ:INFN)’s shares inclined 1.79% to $23.94.
Infinera Corporation ( INFN), provider of Intelligent Transport Networks, recently released financial results for the second quarter of 2015 ended June 27, 2015.
Revenue for the quarter was $207.3 million contrast to $186.9 million in the first quarter of 2015 and $165.4 million in the second quarter of 2014.
GAAP gross margin for the quarter was 46.7% contrast to 47.2% in the first quarter of 2015 and 42.5% in the second quarter of 2014. GAAP operating margin for the quarter was 8.0% contrast to an operating margin of 8.1% in the first quarter of 2015 and an operating margin of 4.9% in the second quarter of 2014.
GAAP net income for the quarter was $17.9 million, or $0.13 per diluted share, contrast to $12.4 million, or $0.09 per diluted share, in the first quarter of 2015, and $4.8 million, or $0.04 per diluted share, in the second quarter of 2014.
Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.
Walgreens Boots Alliance Inc (NASDAQ:WBA)’s shares gained 0.09% to $96.63.
Unilever and Walgreens have joined forces for the first time with Me to We to provide customers with a new way to make a positive impact on the world through everyday purchases. Give H2OPE to Others (#GiveH2OPE) enables Walgreens customers to make a life-changing difference for children and families in need. Starting July 26 and through Sept. 30, purchases made at Walgreens of select Unilever TRESemmé®, Suave® or Caress® products will assist provide up to 15 million gallons of clean water to developing communities.
The partnership ladders up to sustainability initiatives that are preceding ties for both Unilever and Walgreens, and is designed to assist show that even the smallest steps can have a large-scale social impact – such as making purchase decisions that positively impact others. The donations triggered from these purchases will supply clean water that assists reduce the incidence of waterborne disease and illness, and will cut time spent collecting water – allowing students to spend more time in the classroom, and enhance time spent towards productive activities like farming or working.
Walgreens recently continues a long-standing tradition of meaningful corporate citizenship that addresses the evolving needs of its customers and communities. As part of its efforts to champion everyone’s right to be happy and healthy, Walgreens focuses on corporate social responsibility programs that impact the community, environment, workplace and marketplace.
Walgreens Boots Alliance, Inc., together with its auxiliaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, in addition to through mail, and by telephone and online. The company sells prescription and non-prescription drugs; and general merchandise, counting convenience and fresh foods, household items, personal care, photofinishing and candy, and beauty care.
At the end of Friday’s trade, Manulife Financial Corporation (USA) (NYSE:MFC)‘s shares dipped -0.23% to $17.73.
Manulife Asset Administration said that it has hired Jason Fromer as Managing Director and Head Currency Trader, a new position at the firm. The appointment was effective July 6 . Based in the firm’s Boston office, Mr. Fromer reports to John F. Addeo , CFA, Senior Managing Director and Deputy CIO US Fixed Income.
Mr. Fromer has extensive product knowledge in derivative markets, commodities, currencies and debt. Most recently he was with State Street Global Markets where he was a VP of Foreign Exchange Sales. Proceeding to that, Mr. Fromer was Head Currency Trader at Putnam Investments. In addition, he worked on the macro trading desk at Soros Fund Administration. He holds a BS in Business Administration from Bryant University.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing.
CMS Energy Corporation (NYSE:CMS), ended its Friday’s trading session with 1.00% gain, and closed at $34.26.
CMS Energy declared recently stated net income of $67 million, or $0.25 per share, for the second quarter of 2015 and $269 million, or $0.98 per share, for the first half of 2015. Adjusted (non-Generally Accepted Accounting Principles) earnings per share for the second quarter and first half were the same as stated amounts. Earnings per share in 2015 grew 3 cents contrast with 2014 on a weather-normalized basis.
CMS Energy reaffirmed its guidance for 2015 adjusted earnings of $1.86 to $1.89 per share. This is comprising with the company’s long-term plan of 5 percent to 7 percent annual adjusted earnings per share growth.
In the first half of 2015, CMS Energy continued to execute its business plan which emphasizes investments in its operations with a focus on safety, customer satisfaction, reliability and the environment.
John Russell, CMS Energy’s president and chief executive officer, said that CMS Energy’s principal partner, Consumers Energy, is investing to strengthen its natural gas and electric infrastructure to enhance customer service, and improve Michigan’s environment.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants.
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