On Friday, Precision Drilling Corp (USA) (NYSE:PDS)’s shares declined -3.05% to $5.09.
The Board of Directors of Precision Drilling Corporation ( PDS ) has declared a dividend on its common shares of $0.07 per common share, payable on August 21, 2015, to shareholders of record on August 10, 2015. For Canadian income tax purposes, all dividends paid by Precision on its common shares are designated as “eligible dividends”, unless otherwise indicated by Precision.
Net loss this quarter was $30 million, or $0.10 per diluted share, contrast to a net loss of $7 million, or $0.02 per diluted share, in the second quarter of 2014.
Revenue this quarter was $334 million or 30% lower than the second quarter of 2014, mainly due to lower activity from our North American operations. Revenue from our Contract Drilling Services and Completion and Production Services segments reduced over the comparative preceding year period by 27% and 46%, respectively.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment’s services comprise land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, in addition to manufacture, refurbishment, and sale of drilling and service rig equipment.
Ameren Corp (NYSE:AEE)’s shares gained 3.29% to $41.08.
Ameren Corporation (AEE) declared second quarter 2015 net income in accordance with generally accepted accounting principles (GAAP) of $150 million, or 61 cents per share, contrast to second quarter 2014 GAAP net income of $149 million, or 61 cents per share. Not taking into account results from suspended operations and a 2015 loss provision for disongoing pursuit of a construction and operating license (COL) for a second nuclear unit at Ameren Missouri’s Callaway Energy Center, Ameren recorded second quarter 2015 core (non-GAAP) net income of $141 million, or 58 cents per share, contrast with second quarter 2014 core net income of $150 million, or 62 cents per share.
The year-over-year decrease in second quarter 2015 core earnings reflected lower retail electric sales volumes driven primarily by milder early summer temperatures in 2015. In addition, the earnings comparison was negatively affected by a seasonal rate redesign and the timing of revenues under formula ratemaking related to Ameren Illinois electric delivery, in addition to higher depreciation and amortization expenses. The effects of these factors were partially offset by earnings on raised investments in electric transmission and delivery infrastructure made under formula ratemaking and a lower effective income tax rate.
Ameren Corporation operates as a public utility holding company in the United States. The company engages in the rate-regulated electric generation, transmission, and distribution; and rate-regulated natural gas transmission and distribution businesses.
At the end of Friday’s trade, ARMOUR Residential REIT, Inc. (NYSE:ARR)‘s shares surged 0.35% to $2.84.
ARMOUR Residential REIT, Inc. (ARR) declared the effectiveness of its formerly revealed one-for-eight reverse stock split. Startning with the opening of trading on Monday, August 3, 2015, the Company’s common stock will trade on the NYSE on a reverse split-adjusted basis under the same symbol “ARR,” but with a new CUSIP of 042315 507. As a result of the reverse stock split, the number of outstanding shares of ARMOUR’s common stock was reduced from about 350,000,000 shares to about 43,750,000 shares. Conpresently, the number of shares of common stock that ARMOUR has authority to issue was reduced from 1,000,000,000 shares to 125,000,000 shares. After the reverse stock split, about 81,250,000 shares of common stock will remain accessible for future issuances. The par value of ARMOUR’s common stock will remain at $0.001 per share after the reverse stock split.
ARMOUR Residential REIT, Inc. invests in and manages a portfolio of residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Administration LP. Its securities portfolio primarily comprises of agency securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, in addition to unsecured notes and bonds issued by the government-sponsored entities and the United States treasuries; and money market instruments.
Interpublic Group of Companies Inc (NYSE:IPG), ended its Friday’s trading session with 0.42% gain, and closed at $21.31.
The Interpublic Group of Companies, Inc. (IPG) Declares Strong Second Quarter And First Half 2015 Results
Revenue
Second quarter 2015 revenue was $1.88 billion, contrast to $1.85 billion in the second quarter of 2014, with an organic revenue enhance of 6.7% contrast to the preceding-year period. This was comprised of an organic enhance of 7.7% in the U.S. and 5.3% internationally.
First half 2015 revenue was $3.55 billion, contrast to $3.49 billion in the first half of 2014, with an organic revenue enhance of 6.2% contrast to the preceding-year period. This was comprised of an organic revenue enhance of 7.0% in the U.S. and 5.2% internationally.
Operating Results
Operating income in the second quarter of 2015 was $215.8 million, contrast to operating income of $195.8 million in 2014. Operating margin was 11.5% for the second quarter of 2015, contrast to 10.6% in 2014.
For the first half of 2015, operating income was $223.6 million, contrast to operating income of $184.1 million in 2014. Operating margin was 6.3% for the first half of 2015, contrast to 5.3% for the first half of 2014.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company also offers various diversified services, counting public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and planned marketing consulting.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
