On Thursday, Shares of Precision Drilling Corporation (NYSE:PDS), lost -6.06% to $6.82.
Precision Drilling Corporation, will hold its Annual Meeting of Shareholders on Wednesday, May 13, 2015. The meeting will be held at the Calgary Petroleum Club, Devonian Room, 319 - 5th Avenue S.W. Calgary, Alberta commencing at 3:00 p.m. MT on Wednesday, May 13, 2015.
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.
Shares of CBS Corporation (NYSE:CBS), gained 0.16% to $61.22, during its last trading session.
CBS Corporation, stated results for the first quarter of 2015, counting its highest-ever net earnings from ongoing operations per diluted share.
First Quarter 2015 Results
Revenues were $3.50 billion for the first quarter of 2015 contrast with $3.57 billion for the same preceding-year period. The quarter was affected by the broadcast of one fewer National Football League (“NFL”) playoff game on the CBS Television Network and lower advertising revenues at the Company’s Local Broadcasting segment. Content licensing and distribution revenues reduced 4%, while associate and subscription fees raised 11%, driven by growth in rates.
Operating income was $702 million for the first quarter of 2015 contrast with $791 million for the same preceding-year period, reflecting a higher investment in sports and entertainment programming.
Net earnings from ongoing operations were $394 million for the first quarter of 2015 contrast with $462 million for the same preceding-year period as a result of the lower operating income. EPS was a record for the quarter at $.78 contrast with $.77 for the same quarter in 2014. Weighted average shares outstanding were 506 million in this year’s first quarter, down from 600 million in the preceding-year period.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
At the end of Thursday’s trade, Shares of Orbitz Worldwide, Inc. (NYSE:OWW), lost -1.55% to $11.45.
Orbitz Worldwide, declared the company`s financial results for the first quarter ended March 31, 2015 through an earnings release that is accessible at the Orbitz Worldwide Investor Relations website at investors.orbitz.com. The earnings release is also accessible on the Securities and Exchange Commission`s website at www.sec.gov.
As a result of the February 12, 2015 declared transaction with Expedia, Inc., the company will not hold a conference call to talk about its first quarter results.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets.
Finally, McDonald’s Corp. (NYSE:MCD), ended its last trade with 0.40% gain, and closed at $96.78.
McDonald’s Corporation’s President and Chief Executive Officer Steve Easterbrook recently declared the initial steps of the Company’s turnaround plan counting a restructuring of McDonald’s worldwide business and financial updates.
New Market Segments Established
Easterbrook continued, “The first critical step of our operational growth-led plan is to strengthen our effectiveness and efficiency to drive faster and more customer-led decisions. We will restructure our business into four new segments that combine markets with similar needs, challenges, and opportunities for growth.”
Starting July 1, 2015, McDonald’s will operate under a new organizational structure with the following market segments:
- S. - the Company’s largest segment, accounting for more than 40% of the Company’s 2014 operating income;
- International Lead Markets - established markets counting Australia, Canada, France, Germany and the U.K., which operate within similar economic and competitive dynamics, offer similar growth opportunities and collectively represented about 40% of the Company’s 2014 operating income;
- High-Growth Markets - markets with relatively higher restaurant expansion and franchising potential counting China, Italy, Poland, Russia, South Korea, Spain, Switzerland and the Netherlands. Together these markets accounted for about 10% of the Company’s 2014 operating income; and
- Foundational Markets - the remaining markets in the McDonald’s system, each of which has the potential to operate under a largely franchised model. Corporate activities will also be stated within this segment.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages.
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