On Tuesday, Statoil ASA (ADR) (NYSE:STO)’s shares inclined 4.04% to $16.48.
Statoil (STO) delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil stated Net income in accordance with IFRS of NOK 10.1 billion, counting gains from divestments.
Adjusted earnings were NOK 22.4 billion in the second quarter contrast to NOK 32.3 billion in the same period in 2014. The reduction was primarily a consequence of lower oil prices in the second quarter of 2015 contrast to the same period last year. Realised average liquids prices in the quarter were down 28% measured in NOK contrast to the second quarter last year. Adjusted earnings after tax were NOK 7.2 billion, contrast to NOK 9.9 billion in the same period last year.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments. It is involved in the development and production of oil and gas through owning exploration licenses in Norway, North America, South America and sub-Saharan Africa, the Middle East and North Africa, Europe and Asia, and the Oceania.
Xilinx, Inc. (NASDAQ:XLNX)’s shares gained 2.82% to $41.19.
Xilinx, Inc. (XLNX) declared its partnership with China Mobile Research Institute (CMRI) for the development of the next generation fronthaul interface (NGFI) in an MOU signing ceremony during the China Mobile Research Institute hosted NGFI Workshop. With the advent of 5G wideband multi-antenna systems, Xilinx and CMRI are working together to research the key technologies and components of a new fronthaul interface for wireless networks, in conjunction with emerging technologies such as C-RAN, large-scale-antenna-system, and 3D MIMO.
In current wireless systems, the bandwidth of CPRI has raised rapidly and requires more and more fiber cables to be laid by the operators. This is costly and very challenging for the centralized baseband architecture, which is the trend for future wireless networks. The fronthaul link, between the baseband and radio units, is a critical subsystem for improvement. Xilinx All Programmable devices and design environments will serve as an important enabler for this interface and future wireless systems.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
At the end of Tuesday’s trade, Waste Administration, Inc. (NYSE:WM)‘s shares surged 2.24% to $50.16.
Waste Administration, Inc. (WM) declared financial results for its quarter ended June 30, 2015. Revenues for the second quarter of 2015 were $3.32 billion contrast with $3.56 billion for the same 2014 period. Net income for the quarter was $274 million, or $0.60 per diluted share, contrast with net income of $210 million, or $0.45 per diluted share, for the second quarter of 2014. On an as-adjusted basis, not taking into account certain items, net income was $306 million, or $0.67 per diluted share, in the second quarter of 2015, contrast with $270 million, or $0.58 per diluted share, in the second quarter of 2014.(b)
The Company’s as-adjusted second quarter 2015 results exclude a $0.07 per diluted share charge to operating expenses associated with resolving the Company’s withdrawal liability from certain underfunded multiemployer pension plans. The Company’s second quarter 2014 results have been adjusted to exclude a negative impact of $0.15 per diluted share, primarily related to the divestiture of operations in Puerto Rico, and the earnings from businesses and assets divested in 2014, which contributed $0.02 per diluted share to earnings in the second quarter of 2014.(b)
Waste Administration, Inc., through its auxiliaries, provides various waste administration environmental services to residential, commercial, industrial, and municipal customers in North America. It offer collection services, counting picking up and transporting waste and recyclable materials from where it was generated to a transfer station, and material recovery facility, or disposal site, in addition to develops and operates landfill gas-to-energy facilities in the United States.
Manitowoc Company Inc (NYSE:MTW), ended its Tuesdays trading session with 2.28% gain, and closed at $16.84.
The Manitowoc Company, Inc. (MTW) declared that it will release its second-quarter 2015 financial results on Wednesday, July 29, after the close of market. The company’s second-quarter results will also be talk about by Manitowoc’s administration team during a live conference call for security analysts and institutional investors, which will be held at 10:00 a.m., Eastern Time, on Thursday, July 30.
The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands. Its products are used in various applications, counting energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction.
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