On Tuesday, Southern Co (NYSE:SO)’s shares inclined 0.23% to $43.54.
Reflecting its historical commitment to honor natural resource conservation projects focused on protecting wetlands and streams in and around its service territory, Southern Company, in partnership with the National Fish and Wildlife Foundation (NFWF) and other public and private partners, awarded $2.3 million in grants to 64 organizations nationwide as part of the Five Star and Urban Waters Restoration program.
The 2015 program funding directly supports 12 habitat-restoration projects within the Southern Company system service territory, assisting to restore more than 83 acres and 750 feet of streambank in Alabama, Florida, Georgia and Mississippi.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi. The company also constructs, acquires, owns, and manages generation assets, counting renewable energy projects.
Medtronic PLC (NYSE:MD)’s shares gained 2.39% to $77.47.
Medtronic (MDT) now offers the GenCut(TM) core biopsy system, a unique lung tissue biopsy tool for use with the superDimension(TM) navigation system. The superDimension(TM) system enables a minimally invasive approach to accessing difficult-to-reach areas of the lung, which can aid in the diagnosis of lung cancer.
The GenCut core biopsy system is a unique tool that allows pulmonologists and thoracic surgeons to collect multiple core samples from lesions deep inside the lungs. With its proprietary blade design, the GenCut core biopsy system can shear and collect larger, more intact samples1, and allows physicians to provide the pathology laboratory with tissue that enables cytology, which is the microscopic appearance of cells, histology and molecular profiling for personalized medicine. With the ability to continuously sample, in one pass, physicians can potentially decrease patients` biopsy procedure times.
Medtronic plc manufactures and sells device-based medical therapies worldwide. The companys Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators, implantable cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, and peripheral vascular intervention products. Its Minimally Invasive Therapies Group segment provides gastrointestinal diagnostics, ablation, and interventional lung solutions; stapling, vessel sealing, and other surgical instruments; sutures; electrosurgery products; hernia mechanical devices; mesh implants; products for patient monitoring and recovery, such as ventilators, capnography, and other airway products; sensors; monitors; compression and dialysis products; enteral feeding; wound care; and medical surgical products comprising operating room supply products, electrodes, needles, syringes, and sharps disposals.
At the end of Tuesday’s trade, Discover Financial Services (NYSE:DFS)‘s shares dipped -0.24% to $55.11.
Discover Financial Services (DFS) stated net income of $599 million or $1.33 per diluted share for the second quarter of 2015, as contrast to $644 million or $1.35 per diluted share for the second quarter of 2014. The company’s return on equity for the second quarter of 2015 was 21%.
Second Quarter Highlights
- Total loans grew $3.2 billion, or 4.8%, from the preceding year to $69.0 billion.
- Credit card loans grew $2.2 billion, or 4.2%, to $54.9 billion and Discover card sales volume raised 2.3% from the preceding year or about 5% not taking into account gas purchases.
- Net charge-off rate for credit card loans reduced 5 basis points from the preceding year to 2.28% and the delinquency rate for loans over 30 days past due reduced 8 basis points to 1.55%.
- Payment Services transaction dollar volume for the segment was $47.5 billion, down 7% from the preceding year.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
Sensata Technologies Holding N.V.(NYSE:ST), ended its Tuesdays trading session with -1.72% loss, and closed at $48.60.
Sensata Technologies Holding N.V. (ST) declares results of its operations for the second quarter ended June 30, 2015.
Highlights of the Three and Six Months ended June 30, 2015
Net revenue for the second quarter 2015 was $770.4 million, an enhance of $194.6 million, or 33.8%, from $575.9 million for the second quarter 2014. Net income for the second quarter 2015 was $40.9 million, or $0.24 per diluted share. This compares to Net income for the second quarter 2014 of $63.9 million, or $0.37 per diluted share. Adjusted net income1 for the second quarter 2015 was $124.6 million which was 16.2% of Net revenue, or $0.73 per diluted share. This was an enhance of 16.6% contrast to Adjusted net income1 for the second quarter 2014 of $106.8 million which was 18.6% of Net revenue, or $0.62 per diluted share. Integration charges related to acquisitions were $4.2 million for the second quarter of 2015.
Sensata Technologies Holding N.V., through its auxiliaries, develops, manufactures, and sells sensors and controls. It operates in two segments, Sensors and Controls. The Sensors segment manufactures pressure, temperature, speed, position, and force sensors, in addition to electromechanical sensors. Its products are used in subsystems of automobiles, such as engine, air conditioning, and ride stabilization; heavy off-road vehicles; and systems that address safety and environmental concerns.
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