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Friday 26 June 2015
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Latest Update

Pre-Market Stocks Roundup: Ingersoll-Rand (NYSE:IR), Joy Global (NYSE:JOY), Healthways,(NASDAQ:HWAY), Golar LNG (NASDAQ:GLNG)

On Tuesday, Ingersoll-Rand PLC (NYSE:IR)’s shares declined -0.58% to $68.87.

Ingersoll Rand (IR), a globally diversified industrial company which designs, manufactures and sells a range of industrial and commercial products, launched a new pumping system called the ARO Station.

The product, a customized solution that houses an ARO pump and piping in a durable housing, decreases leaks and fumes during chemical transfer from one container to another. The ARO Station will thus enable operators to conform to evolving environmental regulations, while at the same time enhancing operator safety.

The product was developed keeping in mind the importance of transporting and securing hazardous material, and also minimizing its exposure. Chemical handling carries numerous risks to operators in addition to the environment, and the ARO Station will assist protect both during the transfer of these materials.

The ARO Station can hold two different size pumps – the 1 1/2 inch or 2 inch Expert Series Pumps (“EXP”) ARO diaphragm pump. It has the capacity to pump 5 to 30 cubic meters per hour of material, and can be calibrated to pump the suitable quantity for each application.

The pumping system is made of high-density polyethylene, and is resistant to corrosion. It is also fitted with a drip collection tray with a capacity of holding up to 200 litres of fluid.

Ingersoll-Rand plc, together with its auxiliaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers heating, ventilation, and air conditioning (HVAC) systems, in addition to commercial and residential building services, parts, support, and controls under the Trane and American Standard brands; and transport temperature control solutions under the Thermo King brand. It offers air cleaners and conditioners, air exchangers, air handlers, airside and terminal devices, building administration systems, bus and rail HVAC systems, chillers, coils and condensers, container refrigeration systems and gensets, control systems, cryogenic and diesel-powered refrigeration systems, furnaces, heat pumps, humidifiers, package heating and cooling systems, temporary heating and cooling systems, thermostats, trailer refrigeration systems, unitary systems, and vehicle-powered truck refrigeration systems; and auxiliary idle reduction, auxiliary temperature administration, energy and facility administration, installation and performance contracting, and repair and maintenance services.

Joy Global Inc. (NYSE:JOY)’s shares gained 1.70% to $38.81.

Joy Global Inc. (JOY) stated second quarter fiscal 2015 results.

Second Quarter Summary

  • Bookings $745 million, down 29 percent from a year ago.
  • Service bookings $595 million, down 15 percent from a year ago.
  • Net sales $810 million, down 13 percent from a year ago.
  • Earnings per diluted share $0.40, contrast to $0.73 a year ago.
  • Not taking into account pension settlement and restructuring charges of $24 million, adjusted earnings per diluted share $0.59, contrast to $0.76 a year ago.
  • Accomplished €110 million acquisition of Montabert in June, an underground hard rock mining equipment and service provider.

Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, hard rock mining products, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars.

At the end of Tuesday’s trade, Healthways, Inc. (NASDAQ:HWAY)‘s shares dipped -2.09% to $12.21.

Global well-being improvement leader Healthways, Inc. (HWAY) and world-leading administration consulting firm Gallup have released their comprehensive analysis of well-being around the world, the Gallup-Healthways State of Global Well-Being: 2014 Country Well-Being Rankings Report. According to the report, Panama was the nation with the highest well-being for the second year in a row, while Afghanistan was the nation with the lowest overall well-being. The United States ranked 23rd in the 2014 global rankings, down from 12th in 2013.

The analysis is based on data from the Gallup-Healthways Global Well-Being Index, a definitive measure and empiric database of real-time changes in well-being throughout the world. More than 146,000 interviews in 145 countries fueled the 2014 analysis, which serves as a global barometer of individuals’ perceptions of their well-being across five elements: purpose, social, financial, community and physical. The Global Well-Being Index captures important aspects of how people feel about and experience their daily lives, counting topics that span how much they like what they do, their social relationships, their financial security and their relationship to their community, as well as their physical health.

The Americas have the highest percentages thriving in three or more elements and lead other regions in their purpose, social, community and physical well-being. Latin Americans in particular have higher levels of well-being than any other regional group. European countries dominated in financial well-being, representing nine of the top ten countries. Globally, overall well-being remained unchanged from 2013, with only 17 percent of residents in the 145 countries surveyed thriving in three or more elements.

Healthways, Inc., together with its auxiliaries, provides population health administration solutions to assist people to enhance well-being and health. The company provides personalized solutions for individuals, irrespective of their health status, age, or paying sponsor.

Golar LNG Limited (USA) (NASDAQ:GLNG), ended its Tuesday’s trading session with 0.98% gain, and closed at $50.73.

Golar LNG Ltd. (GLNG) declared the formation of a 50/50 joint venture with Stolt-Nielsen Limited to pursue opportunities in small-scale LNG production and distribution. Stolt-Nielsen has also made a strategic investment in Golar through open market purchases, representing an ownership stake of approximately 2.3%.

The joint venture between Golar and Stolt-Nielsen will draw upon the logistics and small-scale LNG assets controlled by Stolt-Nielsen and the ocean-based LNG midstream assets controlled by Golar to provide a fully integrated LNG logistics service to consumers of natural gas.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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